Board of Directors Meeting

Wednesday, May 24, 2006
4:00 p.m.

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


4:00 pm
The Board will convene at 550 Mono Street for the Meridian Court Open House
The open house was well received with a great turn out. MLH presented John Neubauer of Neubauer – Jennison Inc., the general contractor, and Rob Clark, Town Manager, on behalf of Town staff with a collage of Meridian Court photos as a token of their vital role in the completion of this special project. MLH staff provided tours to the interested attendees.

6:30 p.m.

I. Call to Order

II. Roll Call
Members Present: Peter Denniston, Byng Hunt, Rob Clark, and Kirk Stapp
Members Absent: Mark Carney
Staff: Andrea Clark, Pam Hennarty, and Jennifer Halferty

III. Public Comments
No comments.

IV. Approval of Minutes from the Meeting of December 5, 2005 and May 1, 2006
Minutes approved as presented. Passed 5-0 vote.

V. Review and Approval of Draft Organizational Management Policies and Procedures
Review and discussion of the proposed policies and procedures, followed by 5-0 adoption of proposed policies and procedures with suggested changes and further review at the July BOD meeting.

VI. Discussion and Action Regarding Use of FY 06/07 Housing TOT Funds
5-0 vote approving the use of set aside housing reserve TOT funds to fill-in gap for the purchase of property.

VII. Review and Discussion of Draft FY 06/07 Operating Budget
No action taken.

VIII. Adjourn
Next BOD meeting is scheduled for June 20th