HomeMy WebLinkAbout2023-10-24 VLHA Agenda
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Vail Local Housing Authority Minutes
Tuesday, September 26, 2023
3:00 PM
Vail Town Council Chambers and via Zoom
PRESENT ABSENT
Steve Lindstrom Craig Denton
Kristin Williams James Wilkins
Dan Godec via Zoom
STAFF
George Ruther, Housing Director
Missy Johnson, Housing Coordinator
1. Call to Order
1.1 Call to Order
Meeting called to order at 3:03 p.m.
1.2 Zoom Meeting 1 (Pre-Executive Session)
1.3 Zoom Meeting 2 (Post-Executive Session)
2. Citizen Participation
2.1 Citizen Participation no comments
3. Approval of Minutes
3.1 VLHA September 12, 2023 Minutes
MOTION: Godec SECOND: Lindstrom PASSED: (2 - 0) OBSTAINED: (1)
4. Main Agenda
4.1 Capital Improvement Policy Proposal
Presenter(s): Missy Johnson, Housing Coordinator and George Ruther, Housing Director
Johnson presented a drafted red-lined copy of the Town of Vail Employee Housing Guidelines
with suggested edits related to proposed capital improvement policy changes. The edits were
drafted based on the authorities recommendation to update capital improvement policies to
continuously meet the need to deliver housing goals.
The housing staff acknowledges that any future edits, resolutions and/or suggested amendments
to Master Deed Restrictions will also either need to be accepted by the current owners or be put
into place for future owners.
The fundamental change is that maximum resale price would still be calculated and capital
improvement costs to be credited. There would also be an expectation that there are
certain systems in the home that must be in working order, otherwise that cost amount
would be deducted from the cost of the home.
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Town of Vail is currently in negotiation for a property to purchase and the inspection is
taking place to determine if any non-functioning systems i.e. a working water heater.
There will not be a negotiated sales price and the process is meant to more so equally
balance the scales of the sales process.
The next steps are to draft edits to the Chamonix Community Housing Guidelines and
additional documents, memorandum of acceptance, future deed restrictions, and to arrange
for current EHU owners to join in providing feedback. The community outreach to price
capped homeowners will be arranged prior to the next phase of editing documentation.
Lindstrom pointed out a few areas to best clarify a few things. 1. In looking at the list of
capital improvements and prices associated that the team shall make note of process to
inflate the capital improvement numbers over time, possibly annually. 2. He noted also to
differentiate between maintaining and improving the home.
Currently, special assessments are considered and have been included in the maximum
resale price. Godec pointed out to consider special assessments and differentiate between
a special assessment that is a repair vs. an approvement.
The housing guidelines document does include a compliance piece but could be expanded
upon in the future and incorporated in Transfer or Deed and/or a Memorandum of
Acceptance.
5. Matters from the Chairman and Authority Members
5.1 Matters from the Chairman and Authority Members
Lindstrom reported to the Authority about updates at the most recent PEC meeting and next steps
for changes to the housing zone district. It was a 3:2 recommendation to forward the plan to
council. Ruther noted that the plan is coming along and on the Oct. 3 Town Council agenda. The
content will be more detailed at the Oct. 17 Town Council Meeting.
Not all of the changes need to go to the Town Council for approval but eventually an
implementation plan will be formulated internally.
This process does put the Town of Vail in a good position should the Town pursue funding
opportunities through Proposition 1-2-3.
It focuses on helping the private sector which helps us to tackle housing challenges.
Godec summed up his conversations with future owners of Timber Ridge Redevelopment.
Williams updated the group regarding the success, attendance and panel participation from the
housing conference she recently helped to facilitate in Big Sky on behalf of Cross Harbor Capital
and Lone Mountain Development Company. The regionality of the participants and attendees was
well received.
Ruther believes the State Land Board will be in front of the Eagle County Commissioners and
Avon Town Council regarding the State Land Board Parcel on Oct. 10.
At 3:40 p.m. Williams moved to exit the regularly scheduled meeting and enter executive session.
MOTION: Williams SECOND: Godec PASSED: (3- 0)
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6.Executive Session
6.1Executive Session per C.R.S. §24-6-402(4)(a)(e) -to discuss the purchase,
acquisition, lease, transfer or sale of real, personal or other property interests
and to determine positions relative to matters that may be subject to
negotiations; developing strategy for negotiations; and instructing negotiators
regarding: Real Property Deed Restriction Acquisition.
Presenter(s): George Ruther, Housing Director
7.Any Action as a Result of Executive Session
7.1 Any Action as a Result of Executive Session
The regularly scheduled meeting reconvened at 3:54p.m. Williamsmoved to direct staff to
continue with negotiation under the direction that the Authority has providedin Executive Session.
MOTION: WilliamsSECOND: GodecPASSED:(3-0)
8.Adjournment
8.1 Meeting adjourned at 3:59p.m.
MOTION: WilliamsSECOND: GodecPASSED:(3-0)
9.Future Agenda Items
9.1
Vail Housing 2027
Land Banking
Investment Banker Discussion
Review Retirement and Remote Worker Policies
Review Chamonix Vail Deed Restriction
10.Next Meeting Date
10.1 Next Meeting Date October 10, 2023
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