January 3, 2008

MAMMOTH LAKES HOUSING, INC.
Board of Directors Meeting

Thursday, January 3, 2008
6:00 p.m.

Mammoth Lakes Housing Conference Room
587 Old Mammoth Rd.

Minutes

I. Call to Order

II. Roll Call
Members: Mark Carney, Byng Hunt, Kirk Stapp, and Rob Clark
Staff: Pam Hennarty and Kent Andersen
Press: Lara Kirkner
Public: Rich McAteer

III. Public Comments
None.

IV. Approval of Minutes from the December 11, 2007 BOD Meeting.
Minutes were approved as presented. Byng Hunt motioned, approved 4-0 vote.

V. Approval of Minutes from the December 14, 2007 BOD Meeting.
Minutes were approved as presented. Rob Clark motioned, approved 4-0 vote.

VI. Board of Directors Make-Up. Kirk Stapp
This is a follow up discussion from the MLH Board of Directors Meeting on 11-13-2007 where a resolution was passed to approve the Board makeup to consist of seven members. Kirk Stapp led a discussion concerning the Board of Directors Make-up. Kirk stated that there are a significant number of conflicts by two of the Board members. It was decided that Board members will bring suggestions for additional Board members to the next Board meeting. Skill sets should include, but not excluded to, one or more of the following: Finances, representative from the Hispanic community, niches in the housing market, etc.

VII. Review of Revised Contract with Town of Mammoth Lakes.
The Board asked that Staff collect more information on monitoring and bring to the next meeting. Staff should look at possible fee schedule comparisons for long term monitoring. In paragraph four of the contract should be evaluated as to the level of detail in the paragraph, or simply state that Staff shall collect data on requirements for the Housing Element. No action was taken.

VIII. Future Projects
Pam Hennarty has been working on a proposal for the Crowley Lake School District property. She has also been reviewing possibilities for Chuck Boxenbaum’s property also located in Crowley Lake.
Pam also discussed that on the 26th of December an infill grant was released that may have the potential of reviving the Tavern Road Project. It is related to transit development and includes replacing current parking features. The funding available is from $1 million to $20 million. One of the requirements of the grant is that it must have 15% of the units available to 80% of the AMI or below and could either be ownership or rental. Pam will come back with more information on the eligibility of Tavern Road for this funding source at the next Board meeting.
The Board asked that the Kitzbul property be placed in closed session on the next Board meeting agenda.

IX. Agency Review

a. Aspen Village Condos – Project is moving forward well. Jennifer Halferty is working with the Department of Real Estate in order to establish pre-sale potential.
b. Manzanita – Interior work is all that is left to be completed. Project should be ready for lease up by mid-February.
c. Executive Director’s Report – Outreach presentations are going well. Presentations have been given to the Town Public Works Department, Town Staff, Mammoth Area of Governments, and Town Planning Commission. Staff has presentations planned for Mammoth Mountain Ski Area, local School Districts, Mammoth Hospital, etc.

Closed Session

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

XI. Pursuant to Government Code Section 24956.8, the Board will hold a closed session to discuss property negotiations- Hillside Mitigation Proposal.

ANNOUNCEMENT OF ACTION TAKEN IN CLOSED SESSION
The Board will reconvene from closed session and announce any actions taken therein which are required to be disclosed

XII. Adjourn