Board of Directors Meeting
Tuesday, March 5, 2009
6:00 p.m.
Mammoth Lakes Housing Conference Room
587 Old Mammoth Rd.


I. Call to Order

II. Roll Call
Members: Bill Taylor, Byng Hunt, Jim Smith for Rusty Gregory, Kirk Stapp, and Rob Clark
Absent: Sandra Facincani and Neil McCarrol
Staff: Pam Hennarty, Jennifer Halferty, and Kent Andersen

III. Public Comments

IV. Approval of Minutes from the February 10, 2009 BOD Meeting
Minutes were approved as presented. Byng Hunt motioned, Bill Taylor seconded, approved 5-0.

V. Agency Review
a. Aspen Village Condos – Building H nearing completion. Building I still under construction. Currently waiting for appraisal to be completed in order to negotiate new construction loan terms.
i. Sales Update – One unit in escrow. Showings continuing.
ii. Potential for Conversion to Rental – Staff is contacting additional resources to identify alternative financing options that will allow the sale of one building and the rental of the remaining two. If financing is available, MLH would still be meeting its goal by providing rental opportunities to 60%-100% of the area median income households that in the past have been underserved.
b. Executive Director’s Report
i. Performance Goals Matrix
ii. Update on Kitzbuhel Apartments – Pam will be meeting with Karen Johnston to discuss strategies in working with Intrawest to complete their housing requirements.
iii. Housing Strategy Update – Discussing revising affordable housing ordinance to reflect livability.
iv. Update on Town of Mammoth Lakes Monitoring Ordinance – Modeling after Santa Barbara’s monitoring ordinance. Ellen Clark of the Town of Mammoth Lakes will review after which staff will bring back to the Board for comments.

VI. Report of Available Land and Affordable Housing Needs
Neil McCarrol requested this item be placed on the next board agenda as well due to his absence from tonight’s meeting. Kirk Stapp recommended approaching properties similar to the Kitzbuhel in order to continue to meet the needs of the community. Bill Taylor asked that the 1,000 units be footnoted that it includes new development needs. Report should include the numbers of units required to meet the current need.

VII. Appointment of Two Board Members to the Housing Element Sub-committee
Committee will be discussing what changes or additions should be made to the Inclusionary Housing Ordinance. Town staff will attend, the Town Planning Commission appointed Jay Deinken and Tony Barrett and MLH Board has selected Jim Smith and Bill Taylor.

VIII. Discussion of Mammoth Lakes Town Council discussions of DIF Reduction and Transient Occupancy for Single Family Homes- Continued from February 10
Board recommended withholding comments regarding DIF reductions to see how the year plays out. The Board asked that when they meet with Town Council that the fiscal impact of the 85% reduction of Workforce Housing fees should be placed on the agenda.


IX. Pursuant to Government Code Section 24956.8, the Board will hold a closed session to discuss property negotiations- Multiple Properties
The Board chose not to exercise the agency option of purchasing APN#33-160-92-0018.

X. Adjourn