Board of Directors Meeting

Monday, May 2, 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: Dan Holler, Town Manager (arrived at 6:52 PM)

III.    Public Comments
There were no comments from the public.

IV.    Approval of Minutes from the April 4, 2016 regular BOD Meeting
Larry Johnston made a motion to approve the minutes. Bill Taylor seconded the motion. The motion passed 5-0.

V.    Board Member reports
Bill Taylor reported that he attended the service for John Vereuck on Saturday. It was very well attended.

Larry Johnston reported that Patricia Robertson attended the Mono County Housing Authority meeting and reported on Mono County’s first-time homebuyer program. He also reported that a new Board member was appointed to the ESTA Board of Directors – Kirk Stapp.

Colin Fernie reported that Black Tie is closed for the season.

Lindsay Barksdale reported that although they do not have their final numbers yet, the annual Invitational fundraiser was a success.

VI.    MLH monthly status report
Jennifer Halferty reported that staff continues to work to make the State’s manufactured housing programs more accessible. Currently, efforts have been focused on changing the State’s Mobilehome Park Rehabilitation and Resident Ownership Program (MPRROP) to allow for more than 50% of the low-income spaces to be financed and to allow for the replacement of homes that are beyond repair. MLH is continuing to do due diligence on procuring a mobilehome park in Bridgeport.

Jennifer Halferty gave an overview of the BEGIN Program. BEGIN Program loans were made to each of these three developments: San Joaquin Villas, Aspen Village Townhomes, and Meridian Court for first-time homebuyer loans to households earning up to 120% of the Area Median Income (AMI). Those grants are all closed and the Town now has rollover funds available when a household pays off their loan. This program has been very popular and currently these funds are limited until another household sells their home and pays off their loan.

Staff attended the annual Housing CA conference this month and participated in workshops on Low Income Housing Tax Credits, Affordable Housing and Sustainable Communities (Cap & Trade), the Surplus Land Act, and AirBnB.

Jennifer Halferty updated the Board on State policy initiatives regarding funding for affordable housing.

The Town Council will review the Strategic Plan at the Wednesday, May 4th meeting. Staff reviewed the agenda item and MLH’s recommendations have not yet been included. The Strategic Plan will go back to Town Council on May 18th for approval/adoption.

Kirk Stapp asked if MLH staff had received the data from the Town regarding the number of active TOT certificates. Jennifer Halferty confirmed that the data had been requested but that it is not easily accessible. Town staff is working to obtain the data.

VII.    Review the 3rd Quarter Financial Statements for MLH and SHA
Jennifer Halferty gave an overview of the financial statements. Bill Taylor asked how much of the reserve was restricted. Jennifer Halferty stated that there is a set-aside for Star Apartment reserves which is restricted. There was Board direction to agendize an item regarding company reserves for the next meeting.

VIII.    Review and possibly adopt policy 806 Contract Procedures
Larry Johnston moved to adopt the policy 806 Contract Procedures. Lindsay Barksdale seconded. The motion passed 5-0.

IX.    Review and possibly adopt fiscal year 16-17 draft budget
Jennifer Halferty reviewed the budget. Bill Taylor made a motion to adopt the fiscal year 16/17 draft budget. Colin Fernie seconded the motion. The motion passed 5-0.

X.    Review proposed timeline and process on Shady Rest affordable housing feasibility analysis and consider accepting an architect for a conceptual plan for workforce housing on the affordable housing parcel/Shady Rest Parcel

Jennifer Halferty gave an overview of the timeline. She explained that MLH staff met with consultants from RCAC as well as with Town and NGO staff to discuss the parcel, funding opportunities, and the timeline. An essential component of the due diligence process requires hiring an architect and civil engineering services.

Bill Taylor made a motion to approve the Authorization to Proceed submitted by the Dahlin group not to exceed $16,950. Lindsay Barksdale seconded the motion. The motion passed 4-0. Colin Fernie abstained.

XI.    Council Member recap for the Town Council meeting

  1. MLH adopted their 16/17 fiscal year budget
  2. MLH is moving forward with due diligence on the development potential of the only land zoned for affordable housing, the Shady Rest parcel. The Board approved the selection of an architecture firm.


XII.    Pursuant to Government Code Section 54957, the Board will hold a closed session to discuss a performance evaluation, title: Executive Director

Announcement of action taken in closed session.
The Board approved a 2% Cost of Living Adjustment.

XIII.    Adjourn