Board of Directors Meeting

Monday, November 5, 2012
6:00 p.m.

Mammoth Lakes Housing Conference Room
587 Old Mammoth Rd.


I. Call to Order

II. Roll Call
Members present: Bill Taylor, Dave Wilbrecht, Kirk Stapp, Larry Johnston, and Rick Wood
Staff present: Jennifer Halferty and Pam Hennarty

III. Public Comments

IV. Approval of Minutes from the September 17, 2012 BOD Meeting
Bill Taylor motioned to approve the minutes from September 17, 2012 with one correction. Dave Wilbrecht second the motion with Larry Johnston abstaining and all were in favor for a 4-0.

V. Approval of Minutes from the October 10, 2012 Special BOD Meeting
Larry motioned to approve the minutes from October 10, 2012 and Bill second the motion. Dave and Rick Wood abstained for a 3.0 vote.

VI. Discussion Regarding Town of Mammoth Lakes 2002A Funds
The Town is diverting approximately $580,000 of the Measure A funds for housing to general funds once the debt service on land is paid off in 2014 and currently a significant amount is being diverted to general funds as well. Long term, Bill would like to see a plan to restore the voters intention of one percent to housing and understands the need to deal with this situation in an immediate term. Kirk suggested the board adopt a statement of position. A special meeting will be held to review and adopt the statement prior to Wednesday’s Town Council meeting.

VII. Discussion Regarding Town of Mammoth Lakes Proposed Restructuring Plan with Regard to Mammoth Lakes Housing, Inc.
The board discussed need to maintain current staffing levels and that there would be costly steps to liquidate MLH.

VIII. Update Regarding the Kitzbuhel Deed Restriction
The details of the deed restriction have been finalized and the document has been recorded. The property was recently sold. The new owners, with experience in affordable housing, plan to undertake a substantial amount of rehabilitation to get the units renter ready.

IX. Board Member Reports
Bill pointed out that the State Housing and Community Development department released the Regional Housing Needs Assessment (RHNA) numbers for Inyo and Mono County. HCD has amended the review process of the Housing Elements and this should make it much easier to do the update.

X. MLH Monthly Status Report

Tallus has requested a housing amendment. The request includes moving the manager’s unit from a three bedroom unit to the front model/sales office which is a one bedroom unit. MLH and Town staffs are working with the client.

The 8050 building “C” is looking to go forward and they, too, are seeking to amend their workforce housing requirement.

Work on the Town’s response to the Community Development Block Grant’s monitoring visit is underway in collaboration with Ellen Clark at the Town.

Pam informed the board that to date, 63 down payment assistance loans have been administered by MLH.

XI. Pursuant to Government Code Section 54957.6, the Board will hold a closed session to discuss contract negotiations.
No action taken.

XII. Adjourn