| | | | | | | | VAIL TOWN COUNCIL AGENDA MEMO
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| | | | | | | | ITEM/TOPIC: Town of Vail Annual Resale Lottery Criteria Process – Recommendation to Vail Town Council
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| | | | | | | | PRESENTER(S): George Ruther, Housing Director and Steve Lindstrom, Vail Local Housing Authority Chairman
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| | | | | | | | ACTION REQUESTED OF COUNCIL: Listen to the VLHA recommendation and provide direction on next steps recommended by the VLHA and Housing Department staff
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| | | | | | | | BACKGROUND: The Town of Vail Housing Department conducts an annual resale lottery selection process to determine eligibility to bid and purchase for-sale deed-restricted employee housing units which may become available for purchase in the coming calendar year. This lottery selection process occurs the first week of June, annually. The procedures for the Town’s annual resale lottery process are outlined in the Town of Vail Employee Housing Guidelines, adopted October 10, 1999. By and large, and specifically as it relates to the lottery process, the Guidelines have remained unchanged since their original adoption nearly twenty years ago.
This presentation outlines the recommendation of the VLHA and Housing Department staff.
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| | | | | | | | STAFF RECOMMENDATION: See next steps in memorandum dated April 17, 2018
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