MAMMOTH LAKES HOUSING, INC.
Board of Directors Meeting

Monday, March 7, 2011
6:00 p.m.

Mammoth Lakes Housing Conference Room
587 Old Mammoth Rd.

Minutes

I. Call to Order

II. Roll Call
Members present: Bill Taylor, Byng Hunt, Jim Smith for Rusty Gregory, Kirk Stapp, Rick Wood, Marianna Marysheva-Martinez
Members absent: Sandra Facincani
Staff: Jennifer Halferty, Pam Hennarty
Town staff: Ellen Clark, Mark Wardlaw

III. Public Comments
No comments.

IV. Approval of Minutes from the February 7, 2010 BOD Meeting
Motion to approve minutes as corrected made by Bill Taylor, Kirk Stapp second with three in favor and three abstentions.

V. Presentation by Town of Mammoth Lakes- Housing Ordinance Update Process
Town Community Development Director Mark Wardlaw and Senior Planner Ellen Clark spoke to the Board regarding their status on and approach to updating the Town’s Housing Ordinance. As of today there has been one presentation on the matter to the Planning Commission. Mark stated that updating the ordinance is a high priority over district planning. The Town has procured consultant EPS to conduct a development forecast study which will inform the long-term, 15-20 year, demand on housing. The study is using market based demand analysis, land-use based forecast and employment based demand forecasting. The goal is to have the new ordinance done and adopted by June this year. Possible concerns of overlapping the work of EPS and that commissioned by MLH for a revised Housing Needs Assessment to be prepared by RRC were raised. Executive Director Pam Hennarty clarified that RRC’s work is looking at current need and the current housing situation and that their data development approach is survey based whereas EPS’s work is forecasting far into the future and looking at the contingent aspect of housing.

The Board expressed interest if the work would involve the County since there is an impact on the County as far as housing Mammoth’s workforce is concerned. There is no plan to include the County as this time on this study.

VI. Board Member Reports
It was requested that we agendize for the next meeting the Board make-up. A copy of MLH By-Laws pertaining to board make-up to be shared with the board as well.

VII. Executive Director’s Report
a. General
• Staff just returned from the NeighborWorks Institute where the first of two classes was completed in the process of being Certified Homebuyer Counselors. This is one of the steps required for MLH to become a HUD-Approved Counseling Agency.
• Pam will be reporting to the Mono County Housing Authority on March 8 in Bridgeport on the status of MLH and the County’s programs we administer on their behalf.
• There is one household in escrow which will be using the Bishop Down Payment Assistance Program.
• The RRC contract has been executed and work has begun on The Town’s Housing Needs Assessment.
• Pam attended the Sierra Valley Sites (SVS) Neighborhood District Plan kick-off meeting. There was a request by one of the attendees that no future developments be able to mitigate their housing in the SVS.
• MLH will be before the Planning Commission on March 9th seeking approval of a Use Permit for a density bonus on the 1829 Old Mammoth Road rehabilitation.

b. Aspen Village Sales Updates
• One 3 bedroom unit is now in escrow at Aspen Village leaving only two 3 bedrooms left.
• Working with Neubaurer –Jennison on the roof leaks. N-J plans to remove siding and such in the spring to see if any errors or omissions were made and remedy any issues of that nature.

CLOSED SESSION

VIII. Pursuant to Government Code Section 24956.8, the Board will hold a closed session to discuss property negotiations- Multiple Properties
Jim Smith motioned to approve the 12 point term sheet with OVCB, Byng Hunt second with all in favor.

IX. Adjourn