Board of Directors Meeting

Monday, March 7, 2016
6:00 p.m.

Mammoth Lakes Housing Conference Room
587 Old Mammoth Rd.


I.    Call to Order

II.    Roll Call
Members Present: Lindsay Barksdale, Colin Fernie, Larry Johnston, Kirk Stapp, and Bill Taylor
Members Absent: Jiselle Kenny
Staff: Jennifer Halferty and Patricia Robertson
Public: Ruth Traxler, Associate Planner, Town of Mammoth Lakes

III.    Public Comments: There were no public comments.

IV.    Approval of Minutes from the February 10, 2016 regular BOD Meeting
Larry Johnston made a motion to approve the minutes. Bill Taylor seconded. The motion passed 4-0. Colin Fernie abstained.

V.    Board Member reports
Bill Taylor noted that he spent a few days at Kirkwood and noticed that they have a serious housing problem as well. While they have some employee housing at the base of the mountain, many people must commute from the valley. He said that despite this they have excellent customer service.

Kirk Stapp explained that he spoke to Jamie Gray, the Town Clerk, and she said that only two people have pulled papers to run for Town Council. Friday, March 11th is the deadline to turn them in.

VI.    MLH monthly status report
Jennifer Halferty gave an update regarding her meeting with Hart Howerton, the consulting firm hired by Mammoth Mountain to produce a community plan. During the meeting they shared their visioning with Colin Fernie and Jennifer Halferty. The Shady Rest Parcel was designated for affordable housing and a community facility, in an effort to animate the downtown (Tavern Rd. and Old Mammoth Rd. corridors). They noted that perhaps the Town could trade the Bell Shaped Parcel for the Shady Rest Parcel to make this a reality. Colin Fernie noted that Hart Howerton did a lot of work studying the local planning documents and hopes that the community plan will help to tie them all together.

Jennifer Halferty announced that staff attended an NGO Alignment working group meeting on the Community Plan/Story Map. Staff will also attend two more meetings tomorrow. The culmination, large group meeting will take place on March 23rd.

Jennifer Halferty noted that the Chamber of Commerce requested that she give a presentation on local housing needs at their March 9th meeting. Many small businesses have been struggling to find employees and housing came up at their last meeting as a potential cause. She shared the 2011 Needs Assessment with them which states that the current need today is somewhere between 264-421 units.

At their March 2nd Town Council meeting, the Council did a mid-year budget review. Part of the review was to adjust TOT revenue up by approximately $2 Million. Currently, housing only receives 62% of the politically committed 1% of TOT. There was a proposal to put the increase in TOT for housing aside (approximately $74,000) to use for leveraging other sources of funding in the future. There was no action taken on the item, and it will be revisited at a forthcoming meeting.

VII.    Formation of a Shady Rest Tract Ad-Hoc Committee
This item was moved until after Closed Session.

VIII.    Review and adoption of the June 30, 2015 MLH & SHA Audit
Jennifer Halferty gave an overview of the audit process this year. She gave an overview of the prior year adjustments that were made. Approximately $3 Million in homebuyer loans was removed from the books, since the loans are due to the jurisdictions (Town of Mammoth Lakes, Mono County, City of Bishop) and not to Mammoth Lakes Housing. Additionally, the CalFHA HELP loans were also removed, since these are a liability of the Town and not MLH. Lastly, the CDBG loan from the Town to MLH, to acquire the STAR Apartments, remains on the books as a loan at 0% interest for 55 years. Bill Taylor made a motion to adopt the June 30, 2015 MLH & SHA Audit. Lindsay Barksdale seconded the motion. The motion passed 5-0.

IX.    Council Member recap for the Town Council meeting

1.    The All PO Box Mailer has been very successful at garnering interest in the homebuyer programs and raising awareness.


X.    Pursuant to Government Code Section 54956.8, the Board will hold a closed session to discuss property negotiations and possible staff directions and/or action – APN 035-010-020-000 and 035-100-003-000

Property: Shady Rest Tract
Negotiating Parties: Jennifer Halferty and her designees representing MLH (prospective buyer); Bill Schumer and his designees representing Sternseld 1088 Trust (prospective seller)
Under Negotiation: Terms of purchase (price, payment terms)

Announcement of action taken in closed session.

There was no action taken.

XI.    Formation of a Shady Rest Tract Ad-Hoc Committee
It was determined that an ad-hoc committee was not needed at this time.

XII.    Adjourn