Board of Directors Meeting

Monday, June 2, 2014
6:00 p.m.

Mammoth Lakes Housing Conference Room
587 Old Mammoth Rd.


I. Call to Order

II. Roll Call
Members present: Bill Taylor, Kirk Stapp, Larry Johnston, Rick Wood, Lindsay Barksdale
Members absent: Tom Mazaitis
Public: Dan Holler, Town Manager and Jen Daugherty, Senior Planner

III. Public Comments
Jennifer Halferty and Kirk Stapp presented a Certificate of Appreciation to Rick Wood for his four years of service on the Board of Directors and commitment to affordable workforce housing.

IV. Approval of Minutes from the May 9, 2014 BOD Meeting
Bill Taylor made a motion to approve the meeting minutes. Larry Johnston seconded the motion. The motion passed 5-0.

V. Board Member Reports
Rick Wood reported that an application for a ruling by the California Fair Political Practices Commission by the Town, may affect how the Town Council representative to the MLH Board of Directors can vote on housing-related issues. The processing of this new ruling could take up to a few months.

VI. MLH Monthly Status Report
Jennifer Halferty updated the Board on some State level initiatives including the budget which will be approved by June 16th. There is a proposal to allocate 20% of Cap + Trade funds to affordable housing initiatives. So far, the focus has been on transit-oriented development but there are groups advocating for a more diverse application such as vehicle-miles travelled in order to disperse the funds more widely to include rural areas. Jennifer Halferty also mentioned that Toni Atkins, Assembly Speaker, has requested $200 million in budget surplus be allocated to housing. Lastly, Jennifer Halferty announced that MLH staff will attend the Hispanic Community Meeting this Friday, June 6th.

VII. Review and Adopt the Resolutions Approving Two CalHome Applications
Jennifer Halferty provided the Board with the background information on the CalHome applications. She attended the NOFA training which was very encouraging.

Bill Taylor made a motion to approve Resolution 14-03. Larry Johnston seconded the motion. The motion passed 5-0.

Bill Taylor made a motion to approve Resolution 14-04. Rick Wood seconded the motion. The motion passed 5-0.

VIII. Review and Possible Adoption of the Mammoth Lakes Housing, Inc. Draft 2014-2015 Fiscal Year Operating Budget
Rick Wood made a motion to approve the 2014-2015 fiscal year operating budget. Kirk Stapp seconded the motion. The motion passed 5-0.

IX. Review the Administrative Draft Alternative Housing Mitigation Plan for the Inn at the Village Subsequent Environmental Impact Report
The Board reviewed and discussed the draft AHMP for the Inn. Jen Daugherty provided clarification on the project. Bill Taylor asked if a developer is eligible to seek an adjustment of the policy, retroactively, based on credits from a different project which has already received the benefit? Jen Daugherty will stay in communication with MLH.

X. Discussion and Staff Direction on the Aspen Village at Mammoth Creek Unit H105 Loan
The Board of Directors provided staff direction to pay off the loan and continue marketing the workforce home.

XI. Adjourn