Board of Directors Meeting

Monday, November 4, 2013
6:00 p.m.

Mammoth Lakes Housing Conference Room
587 Old Mammoth Rd.

Meeting Minutes

I. Call to Order

II. Roll Call
Members Present: Bill Taylor, Kirk Stapp, Larry Johnston, Dan Holler, and Rick Wood
Staff: Jennifer Halferty and Patricia Kent
Public: No members of the public were present

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

IV. Approval of Minutes from the October 7, 2013 BOD Meeting
Bill Taylor motioned to approve the minutes as amended. Dan Holler seconded the motion. Rick Wood abstained. The motion passed 4-0.

V. Nomination and Potential Approval of New Board Members
No new Board members were nominated.

VI. Board Member Reports
Larry Johnston reported that the public comment period regarding the listing of the local sage grouse population as threatened under the Endangered Species Act is still open. The largest portion of the 1.8 million acres of sage grouse habitat is located within Mono County. The U.S. Fish and Wildlife is holding meetings Nov. 5th in Bishop and Nov. 6th in Smith Valley.

Kirk Stapp mentioned that he had watched the Main Street redevelopment presentation given by Town staff and the consultant team, Winter & Company. He mentioned that close communications with Caltrans will be important.

Rick Wood reported that Dan Holler, along with Council Member John Eastman and Council Member Matthew Lehman will attend a peer resort tour of Whistler, B.C. with Mike Vance.

VII. MLH Monthly Status Report
Jennifer Halferty reported that staff has been very busy taking rental and ownership inquiries and processing applications. She mentioned the new branding/marketing efforts around the new website and rack card. Additionally, staff is working with contractors to replace carpet and paint the San Joaquin Villas Unit #G1 and there is a prospective family waiting to move in. Staff is monitoring deed restricted units and no units have been lost in the last ten months. Lastly, staff is working with the Mono County Health Department on resident outreach and input on a potential no-smoking policy.

VIII. Review and Possible Action on the MLH Strategic Plan 2013
Kirk Stapp motioned to approve the MLH Strategic Plan 2013. Rick Wood seconded the motion. The motion passed unanimously.

IX. Review and Adoption of Resolution No. 2013-4 for the Loan Application to the Clearinghouse CDFI
Jennifer Halferty gave a staff report on the proposed loan application. Larry Johnston motioned to approve the Resolution No. 2013-4. Rick Wood seconded the motion. Bill Taylor and Kirk Stapp recused themselves. The motion passed 3-0.

X. Review of Fiscal Year 2012-2013 Financial Audit
The Board reviewed and discussed the 2012-2013 Financial Audit. This item will be brought back to the Board at the December meeting for additional review and adoption.

XI. Review of First Quarter 2013-2014 Financial Statements
The Board reviewed and discussed the First Quarter 2013-2014 Financial Statements.

XII. Review of Lease-To-Own Agreement
The Board reviewed and discussed the Lease-To-Own Agreement.

XIII. Adjourn