HomeMy WebLinkAbout01-27-15 TSH Denton Min TEXAS
STUDENT �
MINUTES OF THE MEETING OF
THE BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING CORPORATION — DENTON PROJECT
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
January 27, 2015
PRESENT: Directors, Scott Bradley, Liz Garvin, Gregg Malone, and Tracy Schornack.
ABSENT: President Jim Carter and George Ledak
OTHERS PRESENT: Executive Director Pete Ehrenberg and Secretary Kelly Edwards.
1. CALL TO ORDER
Director Bradley called the meeting to order at 7:21 p.m.
2. REVIEW AND APPROVE MINUTES FOR THE MEETING ON JUNE 17, 2014.
MOTION: Director Garvin made a motion to approve the minutes. Director
Schornack seconded the motion. The motion carried by a vote of
4-0.
3. DISCUSS AND CONSIDER APPROVAL OF TSHC — DENTON PROJECT ANNUAL
AUDIT FOR 2013-2014 PRESENTED BY WEAVER TIDWELL, L.L.P.
Mr. Gaither then provided an overview the statement of revenue and expenditures.
Discussion ensued regarding the non-payment of B bonds, principal payments, and
interest payments.
MOTION: Director Malone made a motion to adjourn the meeting. Director
Schornack seconded the motion. The motion carried by a vote of
4-0.
3
TSH-Denton Minutes 01/27/15
Page 1 of 2
4. DISCUSS AND CONSIDER THE NUMBER OF SCHOLARSHIPS TO OFFER FOR
THE 2015-2016 SCHOOL YEAR.
Executive Director Ehrenberg provided an overview of the occupancy, number of
scholarships, and rental rate.
MOTION: Director Garvin made a motion to renew one (1) full scholarship
and offer the remaining balance of incremental scholarships.
Director Schornack seconded the motion. The motion carried by
a vote of 4-0.
S. EXECUTIVE DIRECTORS REPORT
Director Ehrenberg stated that the Denton property has seen an increase of revenue,
occupancy and the unexpected death of a student on the property.
6. ADJOURN
Director Bradley asked for a motion to adjourn.
MOTION: Director Schornack made a motion to adjourn the meeting.
Director Malone seconded the motion. The motion carried by a
vote of 4-0.
There being no further business before the board, President Carter declared the meeting
adjourned at 7:42 p.m.
APPROVED BY THE TEXAS STUDENT HOUSING DENTON PROJECT BOARD OF
DIRECTORS ON JUNE 23, 2015.
Scott Bradley, Director
ATTEST
$ 2 3
c" d 1
Kelly dward S ecretary
TSHA—Denton Minutes 01/27/15
Page 2 of 2