Board of Directors Meeting

Monday, October 6, 2014
6:00 p.m.

Mammoth Lakes Housing Conference Room
587 Old Mammoth Rd.


I. Call to Order

II. Roll Call
Members present: Bill Taylor, Kirk Stapp, Larry Johnston, Colin Fernie, and Tom Mazaitis
Members absent: Lindsay Barksdale
Staff: Jennifer Halferty and Patricia Kent

III. Public Comments
Jennifer Halferty announced that Mammoth Lakes Housing received a $1 million award for the organization to assist with the purchase and rehabilitation of manufactured housing in the region. She emphasized that this is the first time that the organization has received a programmatic award on its own.

IV. Approval of Minutes from the September 3, 2014 regular BOD Meeting
Larry Johnston made a motion to approve the minutes with corrections. Bill Taylor seconded the motion. The motion passed 5-0.

V. Approval of Minutes from the September 17, 2014 special BOD Meeting
Larry Johnston moved to approve the minutes with corrections. Colin Fernie seconded the motion. Tom Mazaitis abstained. The motion passed 4-0.

VI. Review of MLH Fourth Quarter Financial Statements
Jennifer Halferty presented the fourth quarter financial statements and the Board discussed.

VII. Review and approval of the MLH fiscal year 2013-2014 Financial Audit
Jennifer Halferty presented the fiscal year 2013-2014 Financial Audit. Bill Taylor made a motion to accept the MLH 2013-2014 Financial Audit. Larry Johnston seconded the motion. The motion passed 5-0.

VIII. Approve the resolution authorizing the application for CHDO Certification
Kirk Stapp made a motion to approve Resolution 14-05 authorizing an application to the State for Community Housing Development Organization (CHDO) certification. Colin Fernie seconded the motion. The motion passed 5-0.

IX. Board Member Reports
Larry Johnston mentioned that he also sits on the Board of another CHDO, Inyo-Mono Advocates for Community Action (IMACA).

Kirk Stapp asked Colin Fernie what happened at the last Town Council meeting regarding the discussion of Single Family Nightly Rentals. Coline Fernie gave a synopsis of the data that Town Council has asked of Town staff including how many legally zoned homes actually rent nightly. Additionally, he mentioned that Town’s legal counsel, BB&K, has concluded that most HOA CC&Rs are outdated and ambiguous on the issue. He proposes some compromise or middle-ground to the solution of the issue. Larry Johnston mentioned that Mono County has a planning process in place that seems to be working where individuals or neighborhoods can apply for a General Plan Amendment which allows them to rent their homes on a nightly basis. This process requires noticing and public hearings which promotes communication.

X. MLH Monthly Status Report
Jennifer Halferty highlighted that the HOA at Meridian Court has settled the litigation with the builder and MLH is moving forward with the sale of unit A101 in accordance with the goals of the Town’s Revolving Loan Fund. She believes that escrow will close by the end of November. She also mentioned that Mono County plans to release an RFP for their 2013 HOME award and that MLH will proceed with an application accordingly. Additionally, she explained her work with the California Coalition on Rural Housing’s Legislative Committee on developing comments to the Strategic Growth Council’s draft guidelines for the use of cap-and-trade funds for affordable housing projects. Currently, the draft guidelines are focused on transit-oriented-development in urban areas. The set-aside for Integrated Connectivity Projects, focused on smaller communities, currently requires a non-metropolitan urban core of at least 10,000 people. This excludes many rural areas and is counterintuitive to the goal of dispersing the funds throughout the State.

XI. Adjourn