The URL can be used to link to this page

Home My WebLink About2023-11-28 VLHA Agenda 2 3 4 Vail Local Housing Authority Minutes Tuesday, November 14, 2023 3:00 PM Virtual on Zoom and PRESENT ABSENT Steve Lindstrom James Wilkins Craig Denton Kristin Williams Dan Godec 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 3:26 p.m. with the group on Zoom and several participants gathered in the Community Development small conference room. 1.2 Zoom Meeting 1 2. Citizen Participation 2.1 Citizen Participation Several residents of Chamonix Vail Community joined the VLHA meeting in person in requesting to institute a system, similar to that of Miller Ranch/Eagle County, where current owners have priority in future lotteries. Molly Rabin, 5-year resident of Chamonix Vail pointed out stats for the neighborhood: in the last 5 years, 6 children were born and currently there are 13 elementary age children or younger in the community. The community is finding that smaller family members would like to move up in size up more easily to grow in the community. Kevin Denton, joined via zoom, informing the Authority that the HOA will have a vote later in December in hopes to add a ROFR. The community will start with a vote and then follow up with Ruther and the team to see if there is support and/or to hear more. Carol Johnson, owner in Chamonix Vail, is in support of the ROFR in order for families to move up in size. She spoke about her thoughts about the unintended consequences. This group of owners were to the understanding that a Chamonix Vail community owner is not allowed the "up to three" tickets for the lottery. Robyn Smith, lives in Chamonix and serves on the planning commission. She pointed out the simplicity of the current (housing) lottery system and quoted Ruther, "Vail's secret sauce is our people." Smith values the contribution of families (with children) in the 5 community. Over the last 10 years, Vail has lost half of it's residence population with children. She suggests that there is a unique environment in Chamonix Vail, and if we can figure out how to grow lifers it would be interesting to see what they could do in the future. Victor Hoyas, Chamonix owner, was also present. Authority member Godec appreciates the input and would like discuss further. Denton was glad to have the opportunity to listen and that it is obviously something to discuss. Anderson thanked the participants for raising the important issues in the Vail Community. She clarified that an owner who owns deed-restricted housing, including a Chamonix owner is still able to get the three points for the lottery. Williams commented with her appreciation and requested if there is support to put the topic on a future agenda and have legal weigh in if that is appropriate. She commented to if we were to make movement in this neighborhood, to consider how it may affect other similar neighborhoods in the Town of Vail. Denton asked if the attorney of the HOA is the same as our attorney. Hoyas suggested that it is a deed restriction issue. Lindstrom agreed that it is a Town deed restriction and that it can be discussed further while thinking about other deed restrictions and communities. Ruther suggested working with the owners to refine a proposal, fair through some of the trade-offs and come back to the Housing Authority. He believes there will be further policy discussions. 3. Approval of Minutes 3.1 VLHA September 26, 2023 Minutes MOTION: Williams SECOND: Denton PASSED: (4 - 0) 4. Main Agenda 4.1 Colorado Housing and Land Use Survey Results Presenter(s): David Flaherty, CEO & Founder of Magellan Strategies This agenda item is moved to the next meeting. 4.2 Discussion on Deed Restricted Home Demographics Presenter(s): George Ruther, Housing Director This agenda item is moved to the next meeting 5. Matters from the Chairman and Authority Members 5.1 Matters from the Chairman and Authority Members Presenter(s): Steve Lindstrom, VLHA Chairman Lindstrom gave highlights from the last Council meeting related to changes to the Housing Zone District. There was a 3:3 vote so it will go back through the planning commission (PEC). 6 Anderson reminded the group that the December 26th meeting is cancelled. She mentioned a possible December 12 holiday gathering in combination with the meeting. The Housing Team will circle back regarding dates/times. 8. Adjournment 8.1 Adjournment The meeting was adjourned at 3:56 p.m. MOTION: Williams SECOND: Godec 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 28, 2023 7 8 74 2024 PROPOSED BUDGET SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE VAIL LOCAL HOUSING AUTHORITY 2022202320232024 ActualBudgetForecastBudget Revenue Middle Creek Revenue Share / Mgmt Fee$ 16,30016,186$ 16,500$ 16,700$ 500800 10,536 7,745 Interest Income 35,00035,000 35,000 35,000 Ground Lease Revenue Total Revenue 51,80051,986 62,036 59,445 Expenditures Accounting Fees 2,5001,200 2,500 2,500 Operating, Maintenance & Contracts 66,1704,916 66,170 66,170 Total Expenditures 68,6706,116 68,670 68,670 Revenue Over (Under) Expenditures (16,870)45,870 (6,634) (9,225) Beginning Fund Balance 393,860347,990 393,860 387,226 Ending Fund Balance $ 376,990393,860$ 387,226$ 378,001$ 75