Board of Directors Meeting

Monday, August 2, 2010
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, Rick Wood, Rob Clark,
Members absent: Sandra Facincani
Staff present: Pam Hennarty, Jennifer Halferty

III. Public Comments
No public comment.

IV. Approval of Minutes from the June 28, 2010 BOD Meeting
Minutes approved with correction and one abstention. Rob moved for approval, Bill second for a 5-0 vote.

V. Welcome and Introduction of New Board Member, Councilmember Rick Wood
MLH Board and staff welcomed new Board member Rick Wood. Rick fills one of MLH’s seven seats. This seat is reserved for a Town Council member and with Neil McCarroll’s term ending Rick was selected to fill the seat.
Rick spoke of his involvement with the creation of Mammoth Lakes Housing and his excitement to be part of the Board. Welcome, Rick.

VI. Scheduling and Potential Agenda Items for Bi-Annual Strategic Planning Session
Stan Keasling with Rural Community Assistance Corporation, RCAC will be facilitating the strategic planning session for MLH. This will take place in either mid-September or early October. There will be some pre-session work with Stan.

VII. Board Member Reports
Bill Taylor reported that the Alpine County Housing Element Update for which MLH has a subcontract with William Consulting has received a long awaited response from Brian Peters of Alpine County. This should be the final piece which will allow for submittal to HCD for review.

VIII. Executive Director’s Report
a. General
 MLH contract with the Town was approved by the Town Council (5-0 vote) for fiscal year 2010-2011
 Staff is working with Town staff on a draft scope of work to modify the Housing ordinance.
 Staff is drafting a HOME application for First-Time Homebuyers Assistance in the city limits
 The Kitzbuhel deed restriction is being drafted by Anne Winston on behalf of Intrawest
b. Aspen Village Sales Updates
 One unit has closed since our last meeting. This unit was sold to a local.
 Pricing is as follows
1. two bedroom deed restricted, $199,000
2. two bedroom market rate, $224,500
3. three bedroom deed restricted, $250,000
4. three bedroom market rate, $328,000

IX. Review of 2009-2010 Year End Financial Statements
Review and discussion of the organization’s draft year-end financial statements. Upon receipt of the year’s final audit the year-end financial statements will be finalized as well.

X. Adjourn