Board of Directors Meeting

Monday, April 11, 2011
6:00 p.m.

Mammoth Lakes Housing Conference Room
587 Old Mammoth Rd.


I. Call to Order

II. Roll Call
Members: Bill Taylor, Byng Hunt, Jim Smith for Rusty Gregory, Kirk Stapp, Marianna Marysheva-Martinez, Rick Wood
Members absent: Sandra Facincani
Staff present: Jennifer Halferty, Pam Hennarty
Public: Larry Johnston

III. Public Comments

IV. Approval of Minutes from the March 7, 2010 BOD Meeting
Byng Hunt motioned approval of the minutes, Bill Taylor second with all in favor for a 6-0 vote.

V. Discussion of Mammoth Lakes Housing Board of Directors Members and Make-up
Byng suggested adding “new blood” to the MLH Board by having Mono County Board of Supervisor Larry Johnston replace him. Kirk motioned to accept Byng’s resignation to be effective at the next MLH Board Meeting. Bill second the motion with all in favor for a 6-0 vote. Next Kirk motioned for Larry Johnston’s placement on the MLH Board with Jim Smith seconding and all in favor for a 5-0 vote.

The MLH by-laws are vague on appointment of membership therefore it was recommended that Pam bring back alternate language to the next meeting.

There was discussion on conflicts for the Town Manager seat and the Town Council seat. It was agreed that conflicts can and do arise and when necessary members will need to recuse themselves.

VI. Update on the Community Housing Needs Assessment
Work is progressing well. RRC is putting together and getting out Key Participant, Employer, Employee, and Household surveys. Most of the surveys are web-based though the Household survey is a paper survey to be mailed out.

Originally MLH staff had been pushing to get the Needs Assessment competed before the traditional spring Community Block Grant Notice of Funding Availability(NOFA) was released/due. In March California Housing and Community Development (HCD) held a series of roundtables where they indicated that most likely there will be a new Super NOFA in place of the spring NOFA. All discussions referred to January 2012 NOFA release thereby somewhat relaxing the push.

VII. Review and Discussion of Proposed 2011-2012 Contract with Town of Mammoth Lakes
Several changes have been made to the contract from last year. Some further language changes were recommended by the Board. Pam will be meeting with Marianna and Mark Wardlaw to work on the contract. Then she’ll make those changes and bring this item back at the May meeting.

VIII. Update on STAR Apartments Remodel Project
MLH staff worked with the Town on the general contractor bid packet for the remodel. There is a four week bid period which runs through May 2. At this time three contractors have pulled bid-sets.

IX. Review and Approval of Loan Agreement for STAR Apartments
Unlike most Town grants that MLH has a subrecipient agreement on the grant for the STAR Apartments will be structured as a below market rate loan between MLH and The Town. Loans of this type are used in many jurisdictions and are standardly forgiven after several years. This format will protect all parties involved while moving through the rehabilitation of the complex.

Kirk Stapp motioned to approve the Loan Agreement, Promissory Note, and Deed of Trust for the STAR Apartments. Byng seconded the motion with four ayes and Bill Taylor was disqualified.

X. Board Member Reports
Rick Wood provided an update on the Town’s litigation and settlement progress with Mammoth Lakes Land Acquisition LLC.

XI. Executive Director’s Report
a. General
• An intern will be coming on board for several months. His name is Seth Weiss and he joins us after completing two B.A.s and two minors at the University of California at Irvine.
• First Down Payment Assistance (DPA) Loan closed in Bishop with one more household in escrow. Mono County has one applicant in for their DPA program.
• A letter of support for SB 184, the bill to restore inclusionary zoning will be going before Town Council on April 20.
b. Aspen Village Sales Updates
• Four units are in escrow and one back-up offer. No three bedroom units remain unspoken for. The BEGIN Grant specific to that development expired at the end of June this year. Staff is investigating the possibility of an extension.


XII. Pursuant to Government Code Section 24956.8, the Board will hold a closed session to discuss property negotiations- Aspen Village Townhomes

Kirk moved to approve the loan agreement as presented, Jim second with all in favor for a 5-0 vote with Bill Taylor being disqualified.

XIII. Adjourn