Board of Directors Meeting

Monday, December 5, 2011
6:00 p.m.

Mammoth Lakes Housing Conference Room
587 Old Mammoth Rd.


I. Call to Order

II. Roll Call
Members present: Bill Taylor, Dave Wilbrecht, Kirk Stapp, and Rick Wood
Members absent: Jim Smith for Rusty Gregory, Larry Johnston
Staff: Jennifer Halferty and Pam Hennarty

III. Public Comments
No public comments.

IV. Approval of Minutes from the October 3, 2011 BOD Meeting
Dave Wilbrecht motioned to approve the minutes as presented, Kirk Stapp approved with all in favor for a 4-0 vote.

V. Approval of Minutes from the October 20, 2011 Special BOD Meeting
Continue to next meeting for lack of quorum from meeting attendees.

VI. Board of Directors Make-up Discussion
Bill has spoken with Luis Villanueva who has expressed interest in the possibility of joining the MLH board. Hector Gonzales with the Mono County Courts came up as a possible member as well. Rick Wood will discuss the opportunity with him in the near future.

The question also arose around whether or not alternatives to the regular board members have voting rights. Staff will investigate this matter and report back to the boards.

VII. Review of Community Housing Needs Assessment
The final document has been dispersed to the board and is available on the MLH website. Pam will be presenting the Needs Assessment to the Town Council at their next meeting. Rick request that the three major take-a-ways be presented to the Council and Board.

VIII. Distribution of 2010-2011 Fiscal Audit
Copies distributed and will be discussed in further detail at the next BOD meeting.

IX. Review of 2011-2012 First Quarter Financial Statements
Review of information provided.

X. Review and Approval of MOU with RCAC for 502 Loan Packaging Program
During the last MLH board strategic planning session the board made it an organizational goal to offer 502 loans in addition to their other affordable housing programs. MLH staff has taken the required course and completed certification in 502 packaging. Executing this MOU is the final step in offering Alpine, Inyo and Mono county residents this loan option. Bill Taylor motioned approval of the MOU with RCAC for 502 loan packaging program with Rick Wood seconding the motion for a 4-0 approval.

XI. Board Member Reports
Bill announced that the Clean Air Projects Program (CAPP) is going to be accepting RFPs and that MLH should consider ways to assist with getting the monies into the community.

XII. MLH Monthly Status Report


XIII. Pursuant to Government Code Section 24956.8, the Board will hold a closed session to discuss property negotiations- Multiple Properties

No action taken.

XIV. Adjourn