HomeMy WebLinkAbout06-17-14 TSHA Min TEXAS1*
STUDENT ,,HOU I
MINUTES OF THE
BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
June 17, 2014
PRESENT: President Jim Carter, Directors, Scott Bradley, Liz Garvin, Gregg Malone, and
Tracy Schornack. George Ledak arrived at 6:12 p.m.
ABSENT:
OTHERS PRESENT: Executive Director Pete Ehrenberg and Secretary Kelly Edwards.
1. CALL TO ORDER
President Carter called the meeting to order at 6:06 p.m.
2. REVIEW AND APPROVE MINUTES FOR THE MEETING ON JANUARY 21, 2014.
MOTION: Director Bradley made a motion to approve the minutes. Director
Malone seconded the motion. The motion carried by a
vote of 5-0.
3. DISCUSS AND CONSIDER APPROVAL OF THE CAMBRIDGE ANNUAL BUDGET
FOR FY 2014-2015.
Executive Director Pete Ehrenberg provided an overview of the proposed budget.
Discussion ensued regarding the status of the lawsuit to be heard or not heard by the
Supreme Court, property taxes, and proposed amount for legal fees.
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MOTION: Director Garvin made a motion to approve the FY 2014-2015
budget for Cambridge. Director Schornack seconded the motion.
The motion carried by a vote of 6-0.
4. DISCUSS AND CONSIDER APPROVAL OF THE TOWN LAKE, AUSTIN ANNUAL
BUDGET FOR FY 2014-2015.
Executive Director Pete Ehrenberg provided an overview of the proposed budget.
Discussion ensued regarding the capital replacement funding and resurfacing of the
pool.
MOTION: Director Malone made a motion to approve the FY 2014-2015
budget for Town Lake. Director Schornack seconded the motion.
The motion carried by a vote of 6-0.
5. DISCUSS AND CONSIDER APPROVAL OF THE BALLPARK, AUSTIN ANNUAL
BUDGET FOR FY 2014-2015.
Executive Director Pete Ehrenberg provided an overview of the proposed budget.
Discussion ensued regarding scholarship options. Director Ehrenberg stated he would
provide additional details during discussion for item 7.
MOTION: Director Malone made a motion to approve the FY 2014-2015
budget for Ballpark. Director Schornack seconded the motion.
The motion carried by a vote of 6-0.
6. DISCUSS AND CONSIDER APPROVAL OF THE TSHA ANNUAL BUDGET FOR FY
2014-2015.
Executive Director Pete Ehrenberg provided an overview of the proposed budget.
Discussion ensued regarding the type of expenses that would be paid out of the
contingency fund and the asset manage fee.
MOTION: Director Garvin made a motion to approve the FY 2014-2015
budget for the Authority. Director Bradley seconded the motion.
The motion carried by a vote of 6-0.
MOTION: Director Bradley made a motion to amend the Authority budget to
reflect the asset management fee paid from Emet Captial.
Director Garvin seconded the motion. Director Garvin seconded
the motion. The motion carried by a vote of 6-0.
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7. DISCUSS AND CONSIDER APPROVAL AUTHORIZING THE EXECUTIVE
DIRECTOR TO SIGN DOCUMENTS RELATED TO THE PENDING FORECLOSURE
FOR THE BALLPARK, AUSTIN PROPERTY.
Executive Ehrenberg provided an overview of the proposed agreement.
Discussion regarding options for students to continue the current scholarships at
Ballpark, considering students currently at Ballpark the first opportunity to move to the
Town Lake property,
MOTION: Director Bradley made a motion to approve and authorize
the Executive Director to execute the termination
agreement with Austin Ballpark Lender, LLC. Director
Ledak seconded the motion. The motion carried by a vote
of 6-0.
S. EXECUTIVE DIRECTOR'S REPORT
Executive Director Ehrenberg provided the occupancy rates for the properties and
information regarding the pool resurfacing project.
9. ADJOURN
President Carter asked for a motion to adjourn.
MOTION: Director Schornack made a motion to adjourn the meeting. Director
Garvin seconded the motion. The motion carried by a vote of 6-0.
There being no further business before the board, President Carter declared the meeting
adjourned at 6:44 p.m.
THE TEXAS STUDENT HOUSING AUTHORITY BOARD OF DI TORS ON
JANUARY 27, 2015.
ATTEST ,
Iji Carter, ent
Kelly)Edwards, Secretary
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