Board of Directors Meeting

Thursday, February 7, 2008
6:00 p.m.

Mammoth Lakes Housing Conference Room
587 Old Mammoth Rd.


I. Call to Order

II. Roll Call
Members: Mark Carney, Byng Hunt, Kirk Stapp, Rusty Gregory, and Rob Clark
Staff: Pam Hennarty, Jennifer Halferty and Kent Andersen
Press: Lara Kirkner
Public: Mark Wardlaw, Pam Kobylarz, Sandra Moberly, and Rich McAteer

III. Public Comments

IV. Approval of Minutes from the January 3, 2008 BOD Meeting.
Minutes were approved as presented. Byng Hunt motioned, approved 5-0 vote.

V. Review of Second Quarter Financial Statements
Jennifer Halferty presented the Second Quarter Financial Statements. Jennifer explained that the AV Townhome Land Grant line item is the value of the land at the time of construction. At the end of the second quarter MLH is at 40% of the budget for operating revenue and at 34% of the budget for operating expenses.

VI. Resort Destination Discussion- Mark Wardlaw
Mark Wardlaw gave a short presentation on Mammoth Lakes growing to be a Resort Destination. He invited MLH to participate in a steering committee who will develop community need recommendations to Council. Pam Hennarty was directed to be a member of the steering committee. Mark Carney motioned, approved 5-0 vote.

VII. Clearwater Development Review- Mark Wardlaw, Pam Kobylarz, & Sandra Moberly
Mark Wardlaw presented the Clearwater Development. The purpose was to shape the project before the public hearing process begins. Rusty Gregory would like to see the affordable housing units grouped together and no in lieu fees allowed. Pam Hennarty stated her concerns on the location of the affordable housing units including orientation towards the sun and livability for the tenants, i.e. children’s play area, accessibility within Clearwater, etc.

VIII. Review of Deed Restricted Housing Monitoring Options
Pam Hennarty presented a Policy Link document that included best practices in administration and monitoring regarding inclusionary zoning. After a short discussion the Board agreed that staff will come back with additional information after concluding the update of Meridian Court in order to further establish the amount of staff resources monitoring will require.

IX. Board of Directors Make-Up- Cont. from January
Candidates were discussed and are to be contacted by members of the Board or Pam Hennarty. Frank Ramirez, Bill Taylor, and Rich McAteer are the selected candidates. Rusty Gregory may proxy his position to Jim Smith. The Board decided that the Board Make-Up total seven members based upon approval of each candidate by the Board. Mark Carney motioned, approved 5-0 vote.

X. Future Projects
Pam Hennarty is continuing to work with Chuck Boxenbaum’s property in Crowley Lake. Chuck will be returning to the Mono County Supervisors with a different configuration of unit type.
The State Department of Housing and Community Development released funding for the Community Development Block Grant which could potentially provide $1 million towards the purchase of property or provide funding for acquisition and rehabilitation of a 4-6 unit condo complex to be rented out to income qualifying households. Staff will come back to the Board in March with suggestions of where these funds should be directed.
Pam has made comments to the infill grant in order to amend rules and/or regulations in order to ensure that Tavern Road, and more generally rural communities, qualify for these funds.

XI. Agency Review

a. Aspen Village Condos – Continue to move forward well. Staff presented the color scheme to Snow Creek IV Homeowners and was accepted.
b. Manzanita – Should have Certificate of Occupancy within the week, approximately four months ahead of schedule.
c. San Joaquin Villas – Continuing to show units. Have another household in escrow with the potential of two others entering into escrow.
d. Executive Director’s Report – Outreach is continuing to go well. Invitations to four presentations at different times have been sent to all business owners provided by the Town. Presentations since last Board meeting include Mammoth Mountain Ski Area, two at Mammoth Hospital, Mammoth Fire Department, Mammoth Police Department, Mammoth Tourism and Recreation Department, and Mammoth Community Water District.

Closed Session

XII. Pursuant to Government Code Section 54956.9, subdivision (a), the Board will hold a closed session to discuss pending litigation.

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

The Board will reconvene from closed session and announce any actions taken therein which are required to be disclosed

XIV. Adjourn