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Home My WebLink About10-20-09 TSHA Agenda Packet TEXAS ** STUDENT HOUSING AGENDA BOARD OF DIRECTORS OF THE TEXAS STUDENT HOUSING AUTHORITY (AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE) OCTOBER r HOUSING TEXAS STUDENT I 3 VILLAGE CIRCLE, COUNCIL CHAMBERS/ ICI T ROOM WEST LAKE, TEXAS ORDER.1. CALL TO 2. DISCUSS AND CONSIDER APPROVAL OF MINUTES FROM AUGUST , MEETING.3. DISCUSS AND CONSIDER APPROVAL OF E PROPOSED CHANGES T EVALUATION SCHOLARSHIP . CHANGES 4. DISCUSS AND CONSIDER APPROVAL OF THE PROPOSED DIRECTOR'S THE APPLICATION EVALUATION FORMS. S. EXECUTIVE . ADJOURN.6. CEO X19&T-1914 I certify that the above notice was posted at the Town Hall of the Town of Westlake,3 Village Circle, Westlake,Texas,on Friday, October 15,2009,by 5:00 p.m.under the Open Meetings Act,Chapter 551 of the Texas Government Code. da gi. t Kelly dwards'll wn Secretary If you plan to attend this public meeting and have a disability that requires special needs, please advise the Town Secretary 48 hours in advance at 817-494-5710 and reasonable accommodations will be made to assist you. TEXASi**' STUDENT HOUSING MINUTES OF THE BOARD OF DIRECTORS OF THE TEXAS STUDENT HOUSING AUTHORITY (AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE) August 18,2009 PRESENT: President Jim Carter and Directors Jac Irvine, George Ledak, Jill McKean,and. Todd Robichaux. ABSENT: Director Chuck Schultz. OTHERS PRESENT: President Pete Ehrenberg, General Counsel Scott Bradley and Secretary Kelly Edwards. 1. CALL TO ORDER. President Carter called the meeting to order at 5:49 p.m. President Carter asked for Todd and Kelly to introduce themselves to the Board. Todd has lived in GlenWyck Farms 2 years, he has a public and private finance background and he is married with 4 boys. Kelly lives in North Fort Worth, recently left Textron in the private sector and served as the City Secretary for the City of Roanoke for almost six(6)years. 2. DISCUSS AND CONSIDER APPROVAL OF MINUTES FROM MAY 26, 2009, MEETING. President Carter introduced the item and requested a motion. MOTION: Director Jac. Irvine made a motion to approve the minutes of the May 26, 2009. meeting. Director Jill McKean seconded the motion. The motion carried by a vote of 4-0 with Directors Ledak and abstaining from the vote due to absence from the May 26, 2009,meeting. 3. HEAR AND DISCUSS REPORT BY TSHA TASKFORCE CHAIRMAN LARRY CORSON. The Taskforce met in July and decided on three(3))recommendations to present to TSHA and Council on the direction of the process. TSHA Board of Directors Page 2 of 3 Minutes August 14,2009 The taskforce thought it was important to reduce the amount of full scholarships and to contiue the partial scholarship program to, determine the optimum number of scholarships and explore a White Knight investor to acquire the properties. They also would like to establish a clear process and strategy for the flow of funds from TSHA back to the town and the academy. It was recommended that and RFP be used to obtain an investor that is familiar with Student housing that can partner with TS H and purchase the bonds and take control of the properties. Larry said the goal is to find the right balance best for the TSH and Town. If an investor is chosen then we could determin the number of full and incremental scholarships given. Due to a number of economic issues the properties are underutilized. 4. DISCUSS AND CONSIDER APPROVAL OF THE PROPOSED CHANGES TO SCHOLARSHIP APPLICATION. President Cat-ter introduced the item and requested a motion, MOTION: Director Robichaux made a motion to approve the Application as revised. Director Ledak seconded the motion. The motion carried by a vote of 5-0 Clarifying that no fee is require to process the application however upon acceptance of a partial scholarship a$250.00 non refundable rental deposit will be required at time of acceptance and will be applied to the students portion of the housing cost. 5. DISCUSS AND CONSIDER APPROVAL OF THE PROPOSED CHANGES TO SCHOLARSHIP SCORING PROCESS. The Board discussed several revisions but the item was postponed. MOTION: Director Jac Irvin made a motion to table THE PROPOSED CHANGES TO SCHOLARSHIP SCORING PROCESS until the September meeting. Director George Ledak- seconded the motion. The motion carried by a vote of 5-0 6. REVIEW AND DISCUSS PROPOSED CHANGES TO 2010-2011 SCHOLARSHIP APPLICATION FOR BOTH HIGH SCHOOL SENIORS AND CURRENT COLLEGE STU-DENTS. No Action Necessary TSHA Board of Directors Page 3 of 3 Minutes August 18,2009 7. EXECUTIVE DIRECTOR'S REPORT. Executive Ehrenberg reviewed the 2009-2010 leasing status for all properties and Z> Property Financials, the Letter from the attorney regarding the TS H Revenue Bonds for the Austin Project. President Carter asked Pete for an Ethnicity report on the scholarships Director Robichaux asked Pete why there were more applications from the Southen area of Texas. Why local participation low. Discussion ensued regarding the debt service reserve related to the bonds should TSHA default. 84 ADJOURN. There being no further business,Chairman Carter asked for a motion to adjourn. MOTION: Director Ledak made a motion to adjoum the meeting. Director Robichaux seconded the motion. The motion carried by a vote of 5-0. There being no further business before the board, President Carter declared the meeting adjourned at 8:25 p. . APPROVED BY THE TEXAS STUDENT HOUSING AUTHORITY BOARD OF DIRECTORS,OCTOBER 20,2009 Jim Carter, President ATTEST Kelly Edwards, Secretary 2010 TS HA High School Graduate Evaluation Process/Scoring: 1. College/ CC Credit Hours GPA 4. GPA* Pts. - 6 hours, 3.0 5 3.0 10 - 12 hours, 3.0 10 3.2 12 Max Pts. 10 3.4 14 3.5 15 2. SAT/ACT Score(s)* 3.6 16 SATII is Or ACT Pts 3.8 18 1350 1 18 1 3.9 19 1400 2 19 2 4.0 20 1500 4 20 4 Max Pts. 20 1600 6 22 6 1700 8 24 8 1800 10 26 10 S. University Acceptance 1900 12 28 12 Applied, not yet accepted but 2000 14 29 14 in top 10% 5 2100 16 30 16 Accepted at Univ. where 2200 18 31 18 applying for scholarship 10 2300 20 32 20 2350 22 33 21 2400 25 34 23 6. Awards/ Honors Pts. Max. Pt 2S 23 In School Academic 3 Math/Science Award 5 3. Class Ranking: top 10%* District at /Science 8 % Pts. State Math/Science 10 20 13 Athletic/Academic Ltr 5 15 14 All Dist/All State 7 10 15 MVP 9 8 16 National Honor Society 10 5 17 NHS/Other 11 3 18 Nat. Merit Commended 12 1 19 Nat. Meri Finalist 14 1s' in class 20 Max Pts. is Max Pts. 20 7. Extra Curricular Activities 11.Personal Statement Pts. Pts. Answered Questions 5 One Activity 1 Proper English 5 Two 3 Max Pts. 10 One/2 yrs +one 6 Three 8 12.Financial Need Pts. Two or more, 3 yrs 10 Less than 50,000 30 Max Pts. 10 50,001 to 125,000 25 8. Leadership Pts. 125,000 and above 20 Secretary/Treasurer Or equivalent 4 Max Pts. 30 Vice President (1) 6 (2) 8 Team Captain 20 President, Organization 20 Team Captain (2) 28 President (2) 28 President of Stu. Body 30 Max Pts. 30 9. Community Service Pts. Short Period (1) 1 Short Period (3) 3 1 yr/longer- 100 hrs. 6 Continuous/2 yrs 10 Max Pts. 10 10.Work Experience Pts. Seasonal Job I Steady Job, I yr 5 Steady Job, (2 or 3) 8 Proprietorship—2 yrs 10 Max Pts. 10 TSHA 2010 Renewal Scholarship Evaluation Scoring 1. Univ. GIPA Cumulative Pts. 6. Leadership Pts. - 3.0 50 Secretary/Treasurer - 3.5 65 Or equivalent 4 - 4.0 80 Vice President (1) 6 - Max Pts. 80 (2) 8 Team Captain 20 2. Univ. GPA Prior Semester President, Organization 20 - 3.0 20 Team Captain (2) 28 - 3.5 30 President (2) 28 - 4.0 40 President of Stu. Body 30 Max Pts. 40 Max Pts. 30 3. Credit Hours per Semester Total Max Points: 200 Pts. 15 10 18 20 Max Pts, 20 4. Standing with TSHA Pts. Acceptable 10 Max Pts. 10 S. Financial Need Pts. Employed part time 10 Employed full time 20 Max Pts. 20 2010 TS HA Transfer/Upper class Evaluation Scoring 1. Univ. GPA Cumulative 6. Leadership Pts. Pts. Secretary/Treasurer - 3.0 so Or equivalent 4 - 3.5 65 Vice President (1) 6 - 4.0 80 (2) 8 - Max Pts. 80 Team Captain 20 President, Organization 20 2. Univ. GPA Prior Semester Team Captain (2) 28 Pts. President (2) 28 - 3.0 20 President of Stu. Body 30 - 3.5 30 Max Pts. 30 4.0 40 Total Max Points: 200 Max Pts. 40 3. Personal Statement Pts Answered Questions 5 Proper English 5 Max Pts. 10 4. Financial Need Pts. Employed part time 10 Employed full time 20 Max Pts. 20 S. Credit Hours per Semester Pts. 15 10 18 20 Max Pts. 20 2010 T'S HA Scholarship Application Evaluation Applicant Name: Location*: Austin College Station Denton *if snore than one designated, indicate prqference by 1',2`t etc. or select all that apply. Maximum Points Assigned Points 1. College/C.C. Credit Hours/GPA 10 2. SATAN T Test Score(s) 25 3. Class Ranking(%) 20 4. GPA 20 5. University Acceptance 10 6. Awards/Honors 15 7. Extra Curricular Activities 10 8. Leadership 30 9. Community,Service 10 10. Work Experience 10 11. Personal Statement 1 10 12. Financial Need 30 TTL MAX.PTS: 200 TTL PTS: Comments: 2010 TS HA Renewal Application Evaluation (current or prior TSH4 Scholarship Recipients) Applicant Name: Location: Austin College Station Denton Current housing facility: <insert field> Maximum Points Assigned Points 1. University GPA Cumulative 80 2. Universiq �GPA prior Semester 40 3. Credit Hours per Semester 20 4. Standing with TS HA 10 5. Financial Need/Em pl2ymeat 20 6. Leadership 30 TTL MAX.PTS: 200 TTL PTS: Comments: 20 10 TS HA Transfer/Upper Class Application Evaluation (current or prior TSHA Scholarship Recipients) Applicant Name: Location: Austin College Station Denton Maximum Points Assigned Points 1. University GPA Cumulative 80 2. University GPA prior Semester 40 3. Personal Statement 10 4. Financial Need/Employment 20 Credit Hours/Semester 20 — 6. Leadership 30 TTL MAX.PTS: 200 TTL PTS: Comments: