| | | | | | | | VAIL TOWN COUNCIL AGENDA MEMO
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| | | | | | | | ITEM/TOPIC: Town of Vail Resale Lottery Criteria Process Amendments – VLHA recommendation to Vail Town Council
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| | | | | | | | PRESENTER(S): George Ruther, Housing Director and Steve Lindstrom, Chair, Vail Local Housing Authority
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| | | | | | | | ACTION REQUESTED OF COUNCIL: Approve the resale lottery process as recommended and instruct staff to return to the Vail Town Council public hearing on June 19th with a resolution adopting the Town's resale lottery process for 2018.
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| | | | | | | | BACKGROUND: The Town's resale lottery process has remained unchanged for nearly 20 years. During that time, many factors affecting housing and the resale lottery process have changed. As a result, the Vail Town Council sought the advice of the Vail Local Authority on how best to amend the resale lottery process. This agenda item identifies the amendments, enhancements and improvements recommended by the Vail Local Housing Authority.
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| | | | | | | | STAFF RECOMMENDATION: The Town of Vail Housing Department recommends the Vail Town Council provide instruction on how best to address lottery participation by owners of free market residential property and instruct staff to return to the Town Council meeting on June 19th with a resolution adopting proposed amendments to the resale lottery process.
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