Board of Directors Meeting

Monday, May 1, 2006
6:00 p.m.

Mammoth Lakes Housing, Inc. Office
587 Old Mammoth Rd. #5
(Ground Floor Sherwin Plaza 3)


I. Call to Order

II. Roll Call
MEMEBERS: Mark Carney, Peter Denniston (proxy), Byng Hunt, Kirk Stapp, and Rob Clark
PUBLIC: Marshall Minobe, Lara Kirkner, and Ted Carlton
STAFF: Andrea Clark, and Jennifer Halferty

III. Public Comments
Mr. Minobe spoke to some of the concerns he has and has heard from several members of the public with regard to the affordability of the Meridian Count units. He expressed interest in the purchase pricing formula used, which Ms. Clark offered to provide Marshall.

IV. Approval of Minutes from the Meeting of April 4, 2006
Minutes approved by a 5 -0 vote.

V. Review and Approval of the Workforce Housing Budget 5-year Goals and Objectives
It was recommended by Mr. Minobe that MLH conduct an annual needs assessment vs. the regular biannual assessment and to express the assessment in the five-year Workforce Housing Budget Goals and Objectives. No action taken.

VI. Review Proposed Uses of Funds Generated From Measures S & T
MLH Board recommends the four proposed use options of Measure S sales tax. Use options include: creating a down payment assistance program for households earning over 120% AMI; establishing a Homeowners Association Dues Fund; leveraging funds for acquisition of lands for future project planning; supporting MLH’s general operations.
No action taken

VII. Update on Executive Director Recruitment Efforts
Over 150 brochures where mailed out to both non and for profit organizations’ middle management persons. As of date there has been a lot interests from persons with diverse backgrounds. There is no closure date on the position. MLH Board will be presented with the top three candidates after Ms. Clark and Mr. Denniston have screened the applicants.

VIII. Closed Session
Direction given to Executive Director with regard to contract with Mammoth Land Development Group, LLC.
No action taken.