HomeMy WebLinkAbout01-15-13 TSHA Min rim
STUDENMT'UOUSING
MINUTES OF THE
BOARD IRECT E
TEXAS T E T HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
January 1 , 2013
PRESENT: President Jim Carter, Directors, Scott Bradley, and Gregg Malone.
ABSENT: George Ledak
OTHERS S T: 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 APPROVA F TSHA, CAMBRIDGE, T LAKE,
AND AUSTIN BALLPARK UAL 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.
REVIEW 3. I T FOR THE MEETING JULY 1 , 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.
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4. REVIEW AND APPROVE T THE MEETING T , 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.
S. 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 SC L 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.
. EXECUTIVE I ECT T
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,
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S. 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 THE TEXAS STUDENT HOUSING AUTHORITY CT
ON IL 23, 2 1 .
Carter, President
ATTEST
Kelly Edwards ecretary
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