Board of Directors Meeting

Wednesday, September 3, 2014
4:00 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, Lindsay Barksdale, and Tom Mazaitis
Members Absent: None
Staff: Jennifer Halferty and Patricia Kent
Public: Jen Daugherty, Town of Mammoth Lakes Planning and Economic Development Department; Dana Severy; and Tom Hodges

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

IV.    Approval of Minutes from the August 4, 2014 BOD Meeting
Bill Taylor made a motion to approve the minutes. Kirk Stapp seconded the motion. The motion passed 6-0.

V.    Review and discussion of the Workforce Housing Gap Calculation
Bill Taylor mentioned that he did some comparisons to other resort communities and found that their gap calculations use similar formulas and inputs. Jennifer Halferty confirmed that the calculation is based off of the median income for the area and that the cost of construction is approximately $350 per square foot. There were no other comments.

VI.    Review and Discussion of the Administrative Draft Alternative Housing Mitigation Plan for the Inn at the Village
Jennifer Halferty introduced the AHMP provided by the developer, Dana Severy. There was discussion between the Board and Mr. Severy regarding whether or not the proposed AHMP actually complies with the Interim Affordable Housing Mitigation Policy (Resolution No. 09-76). Mr. Severy assured the Board that the proposed AHMP did comply with the interim policy due to the fact that a similar AHMP was approved for the Mammoth View project in 2011. Larry Johnston pointed out that the proposed fee of $77,794 would not even yield one unit. The Board asked MLH staff to coordinate with Town staff on the following outstanding questions that remained unanswered:

  • Where does the policy allow for one hotel room to equal half of a unit?
  • Where does the policy allow for a medium to large hotel project to pay the fee for smaller projects ($23,222)?
  • What is the proposed “greater community benefit” required by an AHMP?
  • Can an in-lieu fee be used for other programs such as downpayment assistance instead of new development?
  • Follow up questions regarding the Mammoth View determination of 2011 including why a unit of 850 square feet or less was considered a half unit.

It was concluded that staff will report back with the answers. The Board will comment and/or make a recommendation to the Planning and Economic Development Commission at a special meeting scheduled for September 17th at 4:30 PM.

VII.    Board Member Reports
There were no Board Member reports.

VIII.    MLH Monthly Status Report
Jennifer Halferty reported that the median year-to-date condo price is $307,500. She also mentioned that the Shady Rest tract is in escrow and that there are preliminary plans in the works. She mentioned that she thought the Board would be amenable to units that go above low-income; however, would like to see the 172 workforce units outlined in the Master Plan.

IX.    Review of Town amendment to Resolution 09-76 clarifying MLH’s role as advisory
While Bill Taylor supported the proposal, he mentioned that it would have been nice for the Board to see this resolution earlier in the process so that they could have had a discussion on it. The resolution went to Town Council the same evening as the Board meeting.

X.    Adjourn