HomeMy WebLinkAbout07-16-12 TSH Denton Min 771 -*o'
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MINUTES OF THE MEETING
THE BOARD I CT S OF THE
TEXAS STUDENT HOUSING C — DENTON PROJECT
(AN INSTRUMENTALITY F THE TOWN OF WEST LAKE)
July 16, 2012
PRESENT: President Jim Carter, Directors Scott Bradley, and George Ledak.
ABSENT: Gregg Malone
OTHERS ES T: Executive Director Pete Ehrenberg and Secretary Kelly Edwards.
1. CALL TO ORDER
President Carter called the meeting to order at 6:35 p.m.
2. REVIEW AND APPROVE I UT FOR THE MEETING ON JANUARY 17, 2012.
MOTION: Director Ledak made a motion to approve the minutes with a revision to
the approval date. Director Bradley seconded the motion. The motion
carried by a vote of 3-0.
3. DISCUSS AND CONSIDER 12V TSHC — DENTON PROJECT ANNUAL
BUDGET FOR FY 2012-2013.
Director Ehrenberg provided an overview of the proposed budget.
Discussion ensued regarding the new properties built in Denton, proposed revenues and
expenditures, the estimated shortfall for FY 12-13, the roof damage from the storms,
replacing the HVAC equipment, the University of removing the Ridge from the bus route.
Director Bradley made a motion to approve the FY 2012-2012 Budget.
Director Ledak seconded the motion. The motion carried by a
vote of 3-0.
TSH-Denton Minutes 07/16/12
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4. EXECUTIVE DIRECTORS REPORT.
Director Ehrenberg provided an overview of the bond holder payments, refinancing
options and outstanding debt.
S. ADJOURN
President Cater asked for a motion to adjourn.
MOTION: Director Bradley made a motion to adjourn the meeting. Director Ledak
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 6:50 p.m.
APPROVED Y THE TEXAS STUDENT SI E T PROJECT BOARD OF
DIRECTORS ON JANUARY S, 2013.
Jim'Carrt r, President
ATTEST i
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KellyjEdwards�, Secretary
TSHA—Denton Minutes 01/17/12
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