MAMMOTH LAKES HOUSING, INC.
Board of Directors Meeting

Monday, August 7, 2006
4:30 p.m.

Mammoth Lakes Housing, Inc. Office
587 Old Mammoth Rd. #5
(Ground Floor Sherwin Plaza 3)

Minutes

I. Call to Order

II. Roll Call
Members: Mark Carney, Peter Dennison (proxy for Rusty Gregory), Byng Hunt, Kirk Stapp, and Rob Clark

Staff: Andrea Clark, Jennifer Halferty, Pamela Hennarty and Mark Maldonado

III. Public Comments
No comment

IV. Approval of Minutes from the Meeting of July 12, 2006
Minutes approved as presented with a 4-0 vote with one abstention.

V. Review and Consideration of an Amendment to the MLH Comprehensive Leave Policy
Motion was made to adopt the Town’s Comprehensive Leave Policy with the modification of maximum accrual from 1040 hours to 448 hours. Thereby encouraging employees to take vacations however if employees have the maximum hours at the close of fiscal year they will be paid out at their base salary amount. Motion was approved by 5-0 vote.

VI. Consideration of Rental Uses at Meridian Court
Meridian Court, MLH’s first development project, was designed with a variety of unit sizes from one to three bedrooms. MLH has learned from the sale of Meridian Court that the one bedroom units are in less demand for purchase and hence several are still available for sale. The Board directed staff to continue efforts in selling the remaining units and to offer Homebuyer Assistance funds. MLH staff will report to the Board with an update at the regularly schedule October meeting.

VII. Town of Mammoth Lakes Community Stakeholder Presentation Response
Pursuant to Government Code Section 54954.2(b) 2, the Board hereby determines that there is a need for immediate action and that the need for action came to the attention of Mammoth Lakes Housing subsequent to the agenda being posted pursuant to subdivision (a).

Review of the community stakeholders’ presentation to the Mammoth Town Council on August 2. The ten priorities of the group were discussed. The Board is concerned about potential impacts some of the priorities would have on the goals and objectives of the organization. No action taken.

VIII. Review Strategic Planning Session Agenda

Closed Session

IX. Pursuant to Government Code Section 54956.9, subdivision (a), the Board will hold a conference with legal counsel with regard to one case of pending litigation (Metco Engineering & Construction Inc v. Pacific West Builders Inc, et. al.).

ANNOUNCEMENT OF ACTION TAKEN IN CLOSED SESSION
No action taken.

X. Adjourn