MAMMOTH LAKES HOUSING, INC.
Board of Directors Meeting
Tuesday, September 8, 2009
Mammoth Lakes Housing Conference Room
587 Old Mammoth Rd.
I. Call to Order
II. Roll Call
Members Present: Bill Taylor, Kirk Stapp, Neil McCarroll, and Rob Clark
Members Absent: Sandra Facincani, Jim Smith for Rusty Gregory and Byng Hunt
Staff Present: Pam Hennarty and Jennifer Halferty
III. Public Comments
IV. Approval of Minutes from the August 6, 2009 BOD Meeting
Minutes approved as presented. Bill Taylor moved, Rob Clark seconded with all in favor for a 4-0 vote.
V. Board Member Reports
Bill Taylor announced that Alpine County approved the Housing Element Update Contract with Taylor Consulting and as such MLH will enter into a sub- contract with Taylor Consulting to assist with the work.
VI. Agency Review
a. Executive Director’s Report
• MLH office space lender has agreed to extending the loan terms but not reducing the interest rate.
i. Aspen Village
• Lease to purchase information was shared with Board. Waiting for Lender’s consent.
• There has been a lot of showing activity.
ii. Performance Goals Matrix
• Matrix was shared with the Board.
VII. Review of Draft 2009/2010 Cash Flow Projections
Due to the absence of several board members this item was table to the October Board meeting.
VIII. Update of Peer Inclusionary Housing Review
Ellen Clark and Pam are reviewing the findings from their research. Pam is to meet with Walter Kieser to discuss his work on the policy amendment.
IX. Pursuant to Government Code Section 24956.8, the Board will hold a closed session to discuss property negotiations- Multiple Properties
ANNOUNCEMENT OF ACTION TAKEN IN CLOSED SESSION
Board gave staff direction to use only the current deed restriction.