HomeMy WebLinkAbout06-23-15 TSHA MinTEXAS
STUDENT HOUSING
MINUTES OF THE
BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
June 23, 2015
PRESENT: President Jim Carter, Directors, Scott Bradley, and Tracy Schornack.
ABSENT: Gregg Malone
OTHERS PRESENT: Executive Director Pete Ehrenberg and Secretary Kelly Edwards.
1. CALL TO ORDER
President Carter called the meeting to order at 6:37 p.m.
2. REVIEW AND APPROVE MINUTES FOR THE MEETING ON JANUARY 27, 2015.
MOTION: Director Schornack made a motion to approve the minutes.
Director Bradley seconded the motion. The motion carried by a
vote of 3-0.
3. REVIEW AND APPROVE MINUTES FOR THE MEETING ON APRIL 21, 2015.
MOTION: Director Schornack made a motion to approve the April 21, 2015
minutes. Director Bradley seconded the motion. The motion
carried by a vote of 3-0.
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4. DISCUSS AND CONSIDER APPROVAL AUTHORIZING THE EXECUTIVE
DIRECTOR TO SUBMIT PAYMENT TO WEAVER ASSURANCE SERVICES FOR
AUDITING SERVICES RELATED TO THE BALLPARK IN AUSTIN.
Director Ehrenberg provided an overview of the item stating the total bill is
approximately $7,5000.00.
MOTION: Director Schornack made a motion to authorize the Executive
Director to submit payment to Weaver Assurance Services.
Director Bradley seconded the motion. The motion carried
by a vote of 3 -0.
5. DISCUSS AND CONSIDER APPROVAL OF THE CAMBRIDGE ANNUAL BUDGET
FOR FY 2015 -2016.
Director Ehrenberg provided an overview of the proposed budget.
Discussion ensued regarding the lower leasing rate, product market, Asset Management
fee, cost of busses, settled litigation with Brazos County, new properties coming online,
cash account value, and litigation fees.
MOTION: Director Bradley made a motion to approve the Cambridge FY
2015 -2016 Budget as presented and advise the Trustee that the
budget would reviewed and likely be amended prior to September
1, 2015, to reflect actual leasing activity. Director Schornack
seconded the motion. The motion carried by a vote of 3 -0.
6. DISCUSS AND CONSIDER APPROVAL OF THE TOWN LAKE, AUSTIN ANNUAL
BUDGET FOR FY 2015 -2016.
Director Ehrenberg provided an overview of the proposed budget.
Discussion ensued regarding bond payments, refinancing possibilities, and number of
scholarship offers.
MOTION: Director Schornack made a motion to approve the Town Lake
Austin FY 2015 -2016 Budget. Director Bradley seconded the
motion. The motion carried by a vote of 3 -0.
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7. DISCUSS AND CONSIDER APPROVAL OF THE TSHA ANNUAL BUDGET FOR FY
2015 -2016.
Director Ehrenberg provided an overview of the proposed budget.
Discussion ensued regarding funding a specific project at Westlake Academy.
MOTION: Director Schornack made a motion to approve the Authority FY
2015 -2016 Budget. Director Bradley seconded the motion. The
motion carried by a vote of 3 -0.
8. EXECUTIVE DIRECTOR'S REPORT
No additional discussion.
9. EXECUTIVE SESSION
The board convened into executive session at 7:25 p.m.
The Board will conduct a closed session pursuant to Texas Government Code,
annotated, Chapter 551, Subchapter D for the following:
a. Section 551.074(a)(1): Deliberation Regarding Personnel Matters — to deliberate
the appointment, employment, evaluation, reassignment, duties, of a public
officer or employee: Executive Director
10. RECONVENE MEETING
President Carter reconvened the meeting at 7:57 p.m.
11. TAKE ANY ACTION, IF NEEDED, FROM EXECUTIVE SESSION ITEMS.
No action necessary.
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12. ADJOURN
President Carter asked for a motion to adjourn.
MOTION: Director Bradley made a motion to adjourn the meeting.
Director Schornack 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 7:57 p.m.
THE TEXAS STUDENT HOUSING AUTHORITY BOARD OF DIRECTORS ON
JULY 21, 2015.
ATTEST
Kelly Edwards, cretary
"7jrri Carte'NPresident
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