HomeMy WebLinkAbout2023-11-14 VLHA Agenda
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Vail Local Housing Authority Minutes
Tuesday, October 24, 2023
3:00 PM
Vail Town Council Chambers and Virtually via ZOOM
PRESENT ABSENT
Steve Lindstrom
Craig Denton
Kristin Williams
Dan Godec via Zoom
James Wilkins via Zoom
STAFF
George Ruther, Housing Director via Zoom
Martha Anderson, Housing Coordinator
Missy Johnson, Housing Coordinator
1. Call to Order
1. 1 Call to Order
Meeting called to order at 3 p.m.
1.2 Zoom Meeting 1
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 26, 2023 Minutes
MOTION: Williams SECOND: Denton PASSED: (5 - 0)
4. Main Agenda
4.1 VLHA Q3 2023 Financial Update
Presenter(s): Jake Shipe, Finance, Budget Accountant
Shipe provided a quarterly update through September 2023. He reviewed a brief overview of the Town
of Vail Housing Fund and separately, the Housing Authority Budget.
Highlights include:
Year to date the Town of Vail has spent $386,000 on Vail InDEED purchases.
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Related to the Housing Authority Budget, at the beginning of June, FirstBank agreed to
make the checking account an interest bearing account with a rate of 4.5%.
YTD $32,560 has been spent on professional fees/consulting fees
The VLHA has $412,000 in cash assets and no liabilities
Jake will verify that the accounts are backed by securities with US treasuries
5. Matters from the Chairman and Authority Members
5.1 Matters from the Chairman and Authority Members
Presenter(s): Steve Lindstrom, VLHA Chairman
Lindstrom updated the group regarding recent Town Council meeting regarding the Housing
Zone District. An evening session included West Middle Creek updates, the bid process and
next steps. They were all qualified respondents and the final decision came down to Corum.
The financial approach does not require much of an initial outlay and is aligned with what
they've done in the past with Lake Creek Village.
Lindstrom mentioned the Magellen Surveys and suggestion for a future presentation to the
Authority.
Williams reported again regarding the housing conference in Montana that was very regionally
well attended and there are talks for it to occur again next year. Kudos to Kristin for a
successful event.
Ruther provided a quick update about the State Land Board activity. The State Land Board
appeared before the Eagle County Commissioners and discussed opportunities for water
rights. The State Land Board, additionally, is issuing and RFQ looking for private sector
development partners for involvement. Everyone, including the Town of Vail, is working with
the State Land Board regarding future housing opportunities.
Williams was approached by a family from Chamonix Vail Community inquiring and
mentioning the desire to explore ROFR at Chamonix Vail. She mentioned it for future
discussion related to the lottery process in effort to better understand. Ruther and Williams will
reconnect offline and consider schedule discussion for future.
Reminder to include the 2024 Budget Discussion for future meetings 11/27 and 12/12.
Ruther mentioned Nightingale closing fee rebate program available to certain potential
workers in the community. Ruther will pass along the information via email.
Denton mentioned that American National is interested in speaking to the Vail Local Housing
Authority in the future also.
At 3:30 p.m. there was a motion to exit regular session and enter into executive session.
MOTION: Williams SECOND: Wilkins PASSED: (3- 0)
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6. Executive Session
6.1 Executive 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.
Presenter(s): George Ruther
7. Any Action as a Result of Executive Session
7.1 Any Action as a Result of Executive Session
Presenter(s): Steve Lindstrom, VLHA Chairman
At 3:54 p.m. the Authority re-entered into regular session
Kristen Kenny Williams made a motion to recommend to direct staff to proceed with item
as discussed; Craig Denton seconded the motion; Godec was not part of Executive
Session.
MOTION: Williams SECOND: Denton PASSED: (4- 0)
8. Adjournment
8.1 Adjournment 5:00 PM (Estimate)
The meeting was adjourned at 3:57 p.m.
MOTION: Williams SECOND: Denton PASSED: (4- 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 November 14, 2023
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