Board of Directors Meeting

Monday, March 11, 2013
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, and Rick Wood
Member absent: Marianna Marysheva-Martinez
Staff present: Jennifer Halferty, Pam Hennarty
Members of the public: Scott Muiner, Kiara Razzi

III. Public Comments
No comments.

IV. Approval of Minutes from the January 7, 2013 BOD Meeting
Bill Taylor motioned to approve the January 7, 2013 minutes and Rick Wood second the motion for a 4-0 vote.

V. Discussion of Meridian Court Homeowner Association Letter
Kiara Razzi, President of the Meridian Court HOA, spoke to the board on his concerns about the long-term well-being of Meridian Court due in large part to the foreclosures, short-sales, and investor-owners at the complex. As a result there are several renter occupied units now and the owners that occupy their units are facing disillusionment.

The Board expressed the lack of resources at hand as a result of the Town’s restructuring/litigation/settlement, and also that they would like to find a solution to the ongoing problems. Board gave staff direction to research the logistics of purchasing the units during the option and/or through a sale given that the Town/MLH has secondary loans on a many of the units.

VI. Approval of Resolution Supporting Homes and Jobs Act
Kirk Stapp made a motion to adopt the Resolution in support of the Homes and Jobs Act, Senate Bill 391. Larry Johnston second the motion with all in favor for a 4-0 vote.

VII. Review of Second Quarter 2012-2013 Financial Statements
Board reviewed and discussed the second quarter financials.

VIII. Discussion and Potential Action on Community Development Block Grant (CDBG) Letter Regarding MLH Board Structure and Conflict of Interests
As a result of the Community Development Block Grant’s procedural monitoring last fall the Town has been made aware of a perceived conflict between the TOML and MLH. Two options for resolution have been presented by CDBG with the first being to modify the MLH Board composition and thereby eliminate the Town Manager seat and the Town Council seat and, the second option would be to have MLH become a Town department.

Town Manager, Marianna Marysheva-Martinez, has expressed her concern with holding a seat on the MLH Board due to a perceived conflict. As such she does not plan to participate or attend board meetings. This topic will be before the Town Council at their April 3 meeting.

MLH Board will begin looking to recruit new members to the board and look to revise the by-laws to accommodate the removal of the Town Manager seat and the Town Councilmember seat.

IX. Board Member Reports
No reports were shared.

X. MLH Monthly Status Report
• Staff attended the Notice of Available Funding (NOFA) grant training for the Community Development Block Grant (CDBG) and is now working to complete applications for The Town, Inyo County and possibly The City of Bishop
• Form 700 is due to the Town from all Board members
• Pam Hennarty announced her resignation from MLH and plans to take the Senior Deputy County Administrator position with Inyo County. She plans to work for another month before leaving. Pam has been with MLH for eight plus years and will be greatly missed.

XI. Adjourn