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HomeMy WebLinkAbout2024-03-26 VLHA Agenda 2 3 4 Vail Local Housing Authority Minutes Tuesday, March 12, 2024 3:00 PM Vail Town Council Chambers 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, Senior Housing Coordinator via Zoom Missy Johnson, Housing Coordinator 1. Call to Order 1. 1 Call to Order 3:07 p.m. with a quorum present and a full Authority except for Craig. 1.2 Zoom Meeting 2. Citizen Participation 2.1 Citizen Participation No comments. 3. Approval of Minutes 3.1 VLHA February 27, 2024 Minutes Presenter(s): Missy Johnson, Housing Coordinator 2024-02-27 VLHA Minutes.pdf MOTION: Godec SECOND: Williams PASSED: (3 - 0) 4. Main Agenda 4.1 Grant Funding Work Session Presenter(s): Katie Santambrogio, Founder and CEO, Social Impact Advisors Time: 30 Min. SIA-VLHA_Kick Off Mtg_3_12_24.pdf Katie with Social Impact Advisors joined the meeting in order to review the process and next steps of the grant funding seeking and application process. A few Authority members have reviewed the previously submitted proposal and agreed to a three month contract and the work is already underway. Katie reviewed the Power Point presentation and was joined by Allison, whom is the grant writer for 5 Social Impact Advisors. She provided background on Social Impact Partners, reviewed the scope of work, funding opportuniities and next steps as they continue to work with the Authority. Deliverables will include three proposals in the first three months and Katie reviewed those one by one. Work sessions will be held on a bi -weekly schedule with a few key Authority members. The following funding opportunities are buckets of focus for Social Impact Partners to explore, relationship building and outreach, and application submissions: Congressionally Directed Spending Middle-Income Housing Authority DOLA Local Capacity Building Prop 123 Ruther reminds the group to be thoughtful about the funding requests in relation to the current project budgets. The next steps will be establishing the bi-weekly work session meeting, receive and review project budgets, organize letters of support, schedule meeting with and coordinate with local/regional housing specialists. 4.2 Resolution No. 2, Series of 2024, A Resolution Approving an Exemption from Audit for the Fiscal Year 2023, for the Vail Local Housing Authority in the State of Colorado. Presenter(s): Jake Shipe, Budget Analyst Time: 5 Min. Resolution Audit Exempt 23.pdf 2023 Audit Exemption.pdf Jake presented the resolution and was available for questions. MOTION: Williams SECOND: Godec PASSED: (4 - 0) 4.3 2023 Year-End Financial Housing Update Presenter(s): Jake Shipe, Budget Analyst Time: 15 Min. VLHA 2023 YE Update.pdf VLHA 030724 Financials.pdf Jake presented the 2023 Financial Update and went line by line through the 2023 Income Statement and Balance Sheet. Ruther noted that on the revenue side, there may be an opportunity for the Town of Vail and the Authority to work together regarding Commercial Linkage and Residential Linkage requirements. The above was followed by the review of the Town of Vail proposed amended 2024 and YTD budget including the summary of revenue, expenditures and changes in fund balance of the housing fund. Jake went through this document line by line. The Authority expects additional professional fees as expenditures including future consulting 6 fees to be completed through supplemental. 4.4 House Bill 24-1239 Single-Exit Stairway Multifamily Structure Presenter(s): George Ruther, Housing Director and Martha Anderson, Senior Housing Coordinator Time: 15 Min. HB2024_1239 Introduction.pdf A summary of the drafted bill was provided. Martha added that on March 19th, there will be a hearing about this House BIll. Martha will provide additional information. 5. Matters from the Chairman and Authority Members Steve mentioned 5.1 Matters from the Chairman and Authority Members Presenter(s): Steve Lindstrom, VLHA Chairman Time: 5 Min. Steve mentioned a second bill for the Authority to follow, Senate Bill 106, which is another run at changing the construction defects liability. It could be helpful for the future of condo development. It is worth the Authority to follow this bill. Steve summarized the Council Authority work sessions around the Ten Housing Solutions and the addition of two additional points. Resolution 13 is on the Council Agenda for next week, with the two revisions and intends to 1) add clarity around policy preference and create a waterfall preference around Town of Vail employees and employers first and 2) that the Town of Vail may need to look beyond the greater Valley regarding opportunities. George suggested there are Council Members that are interested in the concept of House BIll 24, even if it does not pass for the state. It may be something that the Town of Vail would want to explore locally. Eagle County Home Builders Association, Vail Fire and Town of Vail staff letters of support may be of interest in the near future. George suspects that SML will come out with a statement around this type of legislation. James jumped off the meeting at 3:57 p.m. Kristin thanked the Town of Vail and Vail Local Housing Authority for support and attendance of the successful 2024 Habitat for Humanity Carpenters Ball. 6. Adjournment at 4:00 p.m. MOTION: Godec SECOND: Williams PASSED: (3 - 0) 7. Future Agenda Items 7.1 Land Banking Bond Work Session 8. Next Meeting Date 8.1 Next Meeting Date March 26, 2024 7