HomeMy WebLinkAbout04-23-13 TSHA Agenda Packet
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AGENDA
BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
April 23, 2013
5:30 PM
TEXAS STUDENT HOUSING OFFICE
3 VILLAGE CIRCLE, COUNCIL CHAMBERS/MUNICIPAL COURT ROOM
WESTLAKE, TEXAS
1. CALL TO ORDER
2. DISCUSSION AND CONSIDERATION OF THE MINUTES FROM THE MEETING
ON JANUARY 15, 2013.
3. DISCUSSION AND CONSIDERATION REGARDING THE SALE OF BONDS FROM
MBIA TO EMET CAPITAL REGARDING THE AUSTIN BALLPARK PROPERTY.
4. DISCUSSION AND CONSIDERATION REGARDING A BOARD MEMBER
APPLICATION FROM SAL HERNANDEZ.
5. ADJOURN
ANY ITEM ON THIS POSTED AGENDA COULD BE DISCUSSED IN EXECUTIVE SESSION
AS LONG AS IT IS WITHIN ONE OF THE PERMITTED CATEGORIES UNDER SECTIONS
551.071 THROUGH 551.076 AND SECTION 551.087 OF THE TEXAS GOVERNMENT
CODE.
CERTIFICATION
I certify that the above notice was posted at the Town Hall of the Town of Westlake, 3 Village Circle, Westlake,
Texas, on April 18, 2013, by 5 :00 p.m. under the Open Meetings Act, Chapter 551 of the Texas Government Code.
_____________________________________
Kelly Edwards, Secretary
If you plan to attend this public meeting and have a disability that requires special needs, please advise the Town
Secretary 48 hours in advance at 817-490-5710 and reasonable accommodations will be made to assist you.
TSHA Min 01/15/13
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MINUTES OF THE
BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
January 15, 2013
PRESENT: President Jim Carter, Directors, Scott Bradley, and Gregg Malone.
ABSENT: George Ledak
OTHERS PRESENT : Executive Director Pete Ehrenberg and Secretary Kelly Edwards.
1. CALL TO ORDER
President Carter called the meeting to order at 5:39 p.m.
2. DISCUSS AND CONSIDER APPROVAL OF TSHA, CAMBRIDGE, TOWN LAKE,
AND AUSTIN BALLPARK ANNUAL AUDITS FOR FY 2010-2011 PRESENTED BY
PATTILLO BROWN & HILL, L.L.P.
John Manning, Pattillo Brown & Hill, LLP provided an overview of the audits for TSHA,
Cambridge, Ballpark, and Townlake properties.
Discussion ensued regarding listing the payment to the Town listed as an expense as an
over-site fee, property be foreclosure due to default, he disbursement of any additional
monies and legal fees paid by the property.
3. REVIEW AND APPROVE MINUTES FOR TH E MEETING ON JULY 16, 2012.
MOTION: Director Malone made a motion to approve the minutes. Director
Bradley seconded the motion. The motion carried by a vote of 3-0.
TSHA Min 01/15/12
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4. REVIEW AND APPROVE MINUTES FOR THE MEETING ON AUGUST 9, 2012.
MOTION: Director Malone made a motion to approve the minutes. Director
Bradley seconded the motion. The motion carried by a vote of 3-0.
5. REVIEW AND APPROVE AN AGREEMENT WITH EMET CAPITAL AND TSHA
REGARDING THE AUSTIN BALLPARK PROPERTY.
Executive Director Ehrenberg provided an overview of the forbearance agreement.
Discussion ensued regarding the improvements EMET will make to the property, the
management fees and the continuance of the scholarships.
6. DISCUSS AND CONSIDER THE NUMBER OF FULL SCHOLARSHIPS TO OFFER
FOR THE 2013-2014 SCHOOL YEAR.
Executive Director Ehrenberg provided an overview of the current number of full
scholarships the board has offered in the past year by property.
No action taken. The Board did not make any changes to the current number of full
scholarships.
7. EXECUTIVE DIRECTORS REPORT
Pete provided an overview of the meeting with EMET regarding the administration of 40
scholarships at Ballpark, the tax exemption, the trustee of the bonds, the specific
improvements to common areas on the property,
TSHA Min 01/15/12
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8. ADJOURN
President Cater asked for a motion to adjourn.
MOTION: Director Bradley made a motion to adjourn the meeting. Director Malone
seconded the motion. The motion carried by a vote of 3-0.
There being no further business before the board, President Carter declared the meeting
adjourned at 6:21 p.m.
APPROVED BY THE TEXAS STUDENT HOUSING AUTHORITY BOARD OF DIRECTORS
ON APRIL 23, 2013.
______________________________________
Jim Carter, President
ATTEST
____________________________________
Kelly Edwards, Secretary
3. DISCUSSION AND CONSIDERATION REGARDING THE SALE OF BONDS FROM
MBIA TO EMET CAPITAL REGARDING THE AUSTIN BALLPARK PROPERTY.
Texas Student Housing Authority
Item # 3
4. DISCUSSION AND CONSIDERATION REGARDING A BOARD MEMBER
APPLICATION FROM SAL HERNANDEZ.
Texas Student Housing Authority
Item # 4
Texas Student Housing Authority
Item # 5 - Adjournment