MAMMOTH LAKES HOUSING, INC.
Board of Directors Meeting

Monday, December 10, 2012
5:30 p.m.

Mammoth Lakes Housing Conference Room
587 Old Mammoth Rd.

Minutes

I. Call to Order

II. Roll Call
Members: Bill Taylor, Kirk Stapp, Larry Johnston, and Rick Wood
Member absent: Dave Wilbrect
Staff present: Jennifer Halferty, Pam Hennarty
Public present: Erika Holzhauer, Pat Gabel

III. Public Comments
No public comments were given.

IV. Presentation by Rural Community Assistance Corporation (RCAC) Technical Assistance
RCAC staff, Erika Holzhauer and Pat Gabel presented overview information to the Board on the topics of Community Housing Development Organization (CHDO), and the HOME Program.

V. Discussion and Direction Regarding RCAC Technical Assistance
The Board requested that staff provide a recommendation at the next board meeting on whether or not to pursue CHDO status. There was also a request for information on the Notice of Funding Availability (NOFA) amounts.

VI. Approval of Minutes from the November 5, 2012 BOD Meeting
Rick Wood motioned for approval of minutes from the November 5, 2012 board meeting. Bill Taylor second the motion with all in favor for a 4-0 vote.

VII. Approval of Minutes from the November 7, 2012 Special BOD Meeting
Rick motioned for approval of minutes from the special board meeting on November 7, 2012 with one correction. Bill second the motion, Larry Johnston abstained for a 3-0 vote.

VIII. Discussion Regarding Town of Mammoth Lakes Restructuring Plan
Town Council is now budgeting Measure A housing funds to pay the CalHFA loans off in their respective years. Housing is on the restructuring phase II agenda for February 6 meeting. Why only housing is a part of phase II and not the other two non-governmental-operators of Measure A funds is a question of MLH.

IX. Review of Fiscal Year 2011-2012 Financial Audit
Audit distributed and tabled for discussion at January 7, 2013 board meeting.

X. Board Member Reports
Bill reported that Alpine County contacted him regarding their upcoming Housing Element Update. He may pass the work onto MLH if interested.

XI. MLH Monthly Status Report
Report was distributed to the board as information only.

XII. Pursuant to Government Code Section 54957.6, the Board will hold a closed session to discuss contract negotiations.
No action taken.

XIII. Adjourn