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HomeMy WebLinkAbout09-21-10 TSHA Agenda Packet AGENDA BOARD OF DIRECTORS OF THE TEXAS STUDENT HOUSING AUTHORITY (AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE) SEPTEMBER 21, 2010 5:30 P.M. TEXAS STUDENT HOUSING OFFICE 3 VILLAGE CIRCLE, COUNCIL CHAMBERS/MUNICIPAL COURT ROOM WESTLAKE, TEXAS 1. CALL TO ORDER 2. REVIEW AND APPROVE MINUTES FOR THE MEETING ON JUNE 29, 2010. 3. STATEMENT OF ELECTED OFFICIAL AND OATH OF OFFICE FOR GREGG MALONE. 4. DISCUSS AND CONSIDER A VICE CHAIRMAN. 5. DISCUSS AND CONSIDER REMOVING PAST JPI LIABILITIES FROM THE TSHA BALANCE SHEETS. 6. DISCUSS AND CONSIDER APPROVAL OF THE PROPOSED CHANGES TO 2011- 2012 SCHOLARSHIP APPLICATION FOR BOTH HIGH SCHOOL SENIORS AND CURRENT COLLEGE STUDENTS. 7. DISCUSS AND CONSIDER THE NUMBER AND TYPES OF SCHOLARSHIPS AWARDED FOR THE 2011-2012 SCHOOL YEAR. 8. EXECUTIVE DIRECTOR’S REPORT 9. ADJOURN CERTIFICATION I certify that the above notice was posted at the Town Hall of the Town of Westlake, 3 Village Circle, Westlake, Texas, on September 16, 2010, by 5:00 p.m. under the Open Meetings Act, Chapter 551 of the Texas Government Code. _____________________________________ Kelly Edwards, 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 817-490-5710 and reasonable accommodations will be made to assist you. TSHA Minutes 06/29/10 Page 1 of 3 MINUTES OF THE BOARD OF DIRECTORS OF THE TEXAS STUDENT HOUSING AUTHORITY (AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE) June 29, 2010 PRESENT: President Jim Carter, Directors George Ledak, Jac Irvine, Jill McKean, and Chuck Shultz and General Counsel Scott Bradley. ABSENT: OTHERS PRESENT: Executive Director Pete Ehrenberg and Secretary Kelly Edwards. 1. CALL TO ORDER Director Irvine called the meeting to order at 5:46 p.m. 2. REVIEW AND APPROVE MINUTES FOR THE MEETING ON JANUARY 19, 2010. MOTION: Director Schultz made a motion to approve the minutes of the January 19, 2010. Director McKean seconded the motion. The motion carried by a vote of 5-0. 3. DISCUSS AND CONSIDER APPROVAL OF CAMBRIDGE, TOWN LAKE, AUSTIN BALLPARK ANNUAL, AND TSHA BUDGETS FY 2010-2011. Executive Director Ehrenberg provided an overview and summary of the proposed budgets. Discussion ensued regarding debt services for each property. There is a decrease in rentals due to new construction on the West side of campus. MOTION: Director Irvine made a motion to approve the Ballpark budget for 2010- 2011. Director Schultz seconded the motion. The motion carried by a vote of 5-0. MOTION: Director McKean made a motion to approve the Townlake budget for 2010-2011. Director Ledak seconded the motion. The motion carried by a vote of 5-0. TSHA Minutes 06/29/10 Page 2 of 3 The Board asked for more details on the Fire Service fee (179,000) for Cambridge property. The Board determined that the reduction of 40 scholarships at the Lofts reduced to 20 was a step in the right direction. However, they would like to continue to see the number reduce over the following year. The board stated they would like to be more aggressive with rates in College Station. MOTION: Director Schultz made a motion to approve the Cambridge budget for 2010-2011 upon receiving details regarding the Fire Services expenditure of $179,000. Director Irvine seconded the motion. The motion carried by a vote of 5-0. MOTION: Director McKean made a motion to approve the budget for Texas Student Housing Authority for 2010-2011. Director Ledak seconded the motion. The motion carried by a vote of 5-0. President Carter recessed the meeting at 7:00 p.m. to conduct the Denton Project meeting. President Carter reconvened to the meeting at 7:14 p.m. 4. REVIEW AND DISCUSS SCHOLARSHIP AWARDS Executive Director Ehrenberg provided an overview of the report requested by the board last year. Discussion ensued regarding the number of men and women per location. 5. UPDATE ON CAMBRIDGE TAX ISSUES Executive Director Ehrenberg provided an update regarding the depositions last week regarding the denial of the exemption of the Cambridge property. Discussion ensued regarding the implications of the suit and to continue the summer housing or close the facility. 6. EXECUTIVE DIRECTORS REPORT Executive Director Ehrenberg stated that the Moody’s reviews all of the properties and rated the Senior bonds from CAA to CAA3 bonds. Direct Ledak proposed promoting the scholarship and how to do so to the local school districts. TSHA Minutes 06/29/10 Page 3 of 3 7. ADJOURN President Cater asked for a motion to adjourn. MOTION: Director Irvine made a motion to adjourn the meeting. Director Schultz seconded the motion. The motion carried by a vote of 5-0. There being no further business before the board, Director Irvine declared the meeting adjourned at 8:10 p.m. APPROVED BY THE TEXAS STUDENT HOUSING AUTHORITY BOARD OF DIRECTORS ON SEPTEMBER 21 2010. ______________________________________ Jim Carter, President ATTEST ____________________________________ Kelly Edwards, Secretary (AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE) 2011-2012 Scholarship Application For 2011 High School Graduates In 2010 TSHA awarded in excess of $500,000 (market value) scholarships APPLICATION DEADLINE: JANUARY 31, 2011 This scholarship is open to students accepted to colleges in Austin, College Station, or Denton, Texas, that have NOT signed off-campus housing leases. *Please note: Texas Woman’s University typically does not permit Freshmen or Sophomore students to live off campus. The University of North Texas restricts Freshmen from living off-campus as well. Therefore, scholarships may be limited to upper-classmen at these universities. Introduction Texas Student Housing Authority’s (TSHA) academic scholarships are administered by the Board of Directors. The academic scholarship described below rewards academic and leadership excellence. Family financial needs may be considered. A complete application for the scholarship listed in this publication consists of the application form, personal statement, official transcript, letters of recommendation, and standardized test scores. ALL TSHA scholarships awarded through this application will be announced to the winning applicants by e-mail or US mail. Please make sure TSHA is kept informed of any changes in your contact information (e-mail address, mailing address, and/or home/cell telephone number). Application Instructions 1. Application Form: Properly complete and sign the application form. Scholarship application materials should be mailed to the address on the last page of this package. Postmark deadline for this application is JANUARY 31, 2011. Earlier submission of the application is encouraged. 2. Eligibility: TSHA Scholarships are available to Texas High School graduating seniors, Community College attendees, and university upper classmen who have previously graduated from a Texas High School. 3. High School and University Transcripts: An OFFICIAL high school transcript and (if applicable) OFFICIAL University transcript indicating grades and class rank at least through the mid term of the previous year must accompany the scholarship application. Faxed copies of transcripts are not official and cannot be accepted. 4. SAT or ACT Scores: An SAT or ACT score is required. The TSHA considers the student’s highest one-day test score for scholarship competition regardless of how many times the test has been taken. The highest combined/mixed scores from two different test dates may not be combined. Copies of the official score sheet are acceptable and also are required as part of the Counselor/Principal form (page 3). 5. GPA: Please make sure the Counselor/Principal has filled in the applicant’s GPA and all requested data on the page he/she fills out. The GPA must be presented on a 4.0 scale. 6. Completeness of the Application Package: The ability to follow the given instructions will be a factor in the award process. Scholarships 1. Scholarships for academic year 2011-2012 will be limited to students who will be attending college in Austin, College Station, or Denton, Texas. 2. Scholarships are awarded for the full or partial cost of an OFF-CAMPUS room for one (1) academic year at the Ballpark in Austin, Town Lake in Austin, the Ridge at North Texas, and the Cambridge in College Station or at an alternate comparable facility IF designated by TSH. This scholarship cannot be transferred to another university or loca tion A scholarship awardee may be eligible for scholarship support the following year if the student maintains TSHA established academic and leadership standards and communicates with the TSHA Board as required. 3. A college grade point average of 3.0 is desired for renewal of the scholarship for subsequent years. The Board also requires you to keep them apprised of your progress in school. 4. A deposit of $250.00 is required on acceptance of a TSHA partial scholarship, not as a part of this application. This deposit is non refundable, but will be applied to the student’s portion of the housing cost. The total housing cost consists of three (3) increments: The scholarship, balance of the rent owed and an administrative payment to TSHA. The sum of the three will not exceed the base retail price normally charged by the property manager to non scholarship residents. KEEP THESE THREE PAGES OF INFORMATION FOR YOUR RECORDS DO NOT MAIL WITH APPLICATION 1 TEXAS STUDENT HOUSING AUTHORITY INCREMENTAL ACADEMIC SCHOLARSHIP APPLICATION PERSONAL PROFILE Please type or print in ink Last Name First Name Middle: E-mail address: Permanent Address: City: State: Zip Code: Phone Number with Area Code: ( ) Birth date Birthplace Month/Day/Year City State County US Citizen?  Yes  No If “No” complete: Country of Citizenship Permanent resident PR# Visa Type Date Issued: (Enclose copy of both sides of card) Please indicate the gross annual household income for your family by checking the appropriate range below: Less than 50,000 50,001 to 125,000 125,000 and above Please note: Failure to attach a current photo will delay the processing of your application. Financial Aid documents may be attached but are not required. Please attach a current photograph of yourself here. 2 Last Name First Name Middle: HIGH SCHOOL COURSE WORK PROFILE Fall 2011 - City where University/College is located (please select all that apply):  Austin  College Station  Denton Please note, the TSHA Housing Scholarship only applies to housing in one of the three Texas cities listed above. Name of U niversity/College you will be attending: _______________________________________________________ Include acceptance letter with application (if not yet accepted and are subsequently accepted, send this updated information to TSHA ASAP so we can update your application. High School: List all high schools and colleges you have attended. Place first the school where you attend currently and list chronologically. School Name School Address City, State, Zip Attendance Dates List the courses you are taking this year. Identify courses that are Honors (H), Advanced Placement (AP), International Baccalaureate (IB), etc. Senior Course Work: Term 1 Term II If you have taken or are currently taking college courses, list the course title(s), the college, the grade(s) earned and dates attended. College Course Work: PERSONAL STATEMENT Personal statement should be typewritten on an 8½” by 11” white unlined paper, double-spaced, leaving 1 inch margins and using front side only. The personal statement must be included with this submittal. Do not send items separately. Since this statement may be photocopied for committee members, be sure the print is dark enough to produce legible photocopies. In 250 words or less, answer the following questions: • Why do you want and need this scholarship? • Comment on high school courses that have been most challenging and rewarding. • Comment on character traits, which have been your best assets. • Describe your post-college ambition. I understand that the information submitted herein will be relied upon by officials of the TSHA to determine my status as a scholarship candidate. I certify that the information in and submitted with this application is complete and correct and understand that it may be verified by the TSHA and that the submission of false information is grounds for rejection of my application and withdrawal of any offer of scholarship. I also give permission to release these materials to any appropriate scholarship committee. Signature: __________________________________ Date: __________________________________________ 3 ACTIVITIES PROFILE HONORS AND DISTINCTIONS List major honors and distinctions, in order of importance to you, received both in and out of school during grades 9-12. Include the sponsor, basis of award and date received. DO NOT ATTACH ADDITIONAL SHEETS. IF YOU HAVE MORE THAN 10, LIST THE 10 MOST IMPORTANT. Award/Honor Sponsor Basis of Award Date Received EXTRACURRICULAR ACTIVITIES List below, in order of importance to you, your principal extracurricular activities in grades 9-12 and college if applicable. (Do not list employment or volunteer work.) If not self-explanatory by title, please describe the activity. DO NOT ATTACH ADDITIONAL SHEETS. IF YOU HAVE MORE THAN 8, LIST THE 8 MOST IMPORTANT. Activity Note grade level(s) of participation by recording number of hours per week & weeks per year you were/are involved in the activity. Position/office held or honors won 4 COMMUNITY SERVICE OR ACTIVITIES Describe the nature of the activities/community service (Examples: Candy Striper, Literacy Volunteer, etc.) your specific role, when you participated in the activities, and how much of your time was devoted to each activity. DO NOT ATTACH ADDITIONAL SHEETS. IF YOU HAVE MORE THAN 8, LIST THE 8 MOST IMPORTANT. Activity Description/Role Dates Hours WORK EXPERIENCE/SUMMER ACTIVITIES Please list any jobs (Example: Fast Food, Primary Caretaker, etc.) you have held or are holding and provide dates of employment, hours per week, and a brief description of your position and responsibilities. You may also include significant summer activities such as academic enrichment or travel abroad. DO NOT ATTACH ADDITIONAL SHEETS. IF YOU HAVE MORE THAN 8, LIST THE 8 MOST IMPORTANT. Job/Activity Position/Responsibilities Date Hours per week LETTERS OF RECOMMENDATION Writer Title Date 1. __________________________________________________________________________ 2. __________________________________________________________________________ 5 Checklist for scholarship application package: COUNSELOR OR PRINCIPAL MUST COMPLETE THIS PAGE FOR APPLICATION TO BE COMPLETE Student Name: High School: Name of School District: 1. Standardized Test Scores: Please fill in scores for all tests taken. Test scores are necessary for a student’s scholarship application to be complete and should also be sent to the TSHA as soon as possible. The TSHA considers the student’s highest one day test score for scholarship competition regardless of how many times the test is taken; the TSHA does not combine highest scores. Scores of the prior SAT format are still acceptable (i.e. verbal/math). SAT: Part 1 ACT: English Math Part II Reading Sci. Reasoning Part III Composite TOTAL Date Taken Date Taken If student is retesting or if scores are not available, note below:  SAT will be (re)taken ______________ (date)  ACT will be (re)taken _____________ (date) Indicate category of recognition (if applicable): Nat’l. Merit Commended Nat’l. Achievement Commended Nat’l. Hispanic Hon. Mention Scholar Nat’l. Merit Semifinalist Nat’l. Achievement Semifinalist Nat’l. Hispanic Scholar ____ Other 2. Class Rank If school does not rank; Student falls in the ____________% of his/her class. : The candidate most recently ranks _____________ in a class numbering ___________. Rank is based on grades that are (check one):  weighted  unweighted. 3. GPA: Student has a GPA of ____________ on a 4 point scale. AN OFFICIAL TRANSCRIPT MUST BE ON FILE IN THE OFFICE OF THE TSHA FOR A SCHOLARSHIP FILE TO BE COMPLETE. Information on high school and/or school district, including types of courses offered, profiles of student body, etc, is helpful in the scholarship evaluation process. 4. Letters of Recommendation: Students must submit at least two (2) LETTERS of recommendation from a counselor, principal, teacher, employer, minister, etc. appraising the individual’s academic and personal qualities and promise as a University/College student. Unusual family circumstances or special personal challenges should be presented. Scholarship committees are particularly interested in evidence of character, relative maturity, integrity, independence, interest, and any special talents or qualities. Please avoid listing activities which are available elsewhere in this application. Has the student been accepted for enrollment to __________________________________________? □ Yes □ No Letters must accompany this application. If no, has the student applied for admission? □ Yes □ No 5. To the best of your knowledge, does this student and their family have a financial hardship? □ Yes □ No Verification of Financial Hardship: Submitted by (print name): ________________________________________________ Date: _____________________________ Signature: ____________________________________________ Title Position: _______________________________________ Email Address:________________________________________ Phone Number: ______________________________________ School Address: ____________________________________________________________________________________________ Either the student or the counselor/principal may return this application, personal statement, official transcript, and letters of recommendation as a part of this package, postmarked by January 31, 2011 to: Texas Student Housing Authority, 3 Village Circle, Suite 207, Westlake, Texas 76262 6 Please review the following checklist to ensure your application package is complete. (AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE) 2011-2012 Scholarship Application For current University, Community College or Transfer Students In 2010 TSHA awarded in excess of $500,000 (market value) scholarships APPLICATION DEADLINE: JANUARY 31, 2011 This scholarship is open to students accepted to colleges in Austin, College Station, or Denton, Texas, that have NOT signed off-campus housing leases. *Please note: Texas Woman’s University typically does not permit Freshmen or Sophomore students to live off campus. The University of North Texas restricts Freshmen from living off-campus as well. Therefore, scholarships may be limited to upper-classmen at these universities. Introduction Texas Student Housing Authority’s (TSHA) academic scholarships are administered by the Board of Directors. The academic scholarship described below rewards academic and leadership excellence. Family financial needs may be considered. A complete application for the scholarship listed in this publication consists of the application form, personal statement, official transcript, letters of recommendation, and standardized test scores. ALL TSHA scholarships awarded through this application will be announced to the winning applicants by e-mail or US mail. Please make sure TSHA is kept informed of any changes in your contact information (e-mail address, mailing address, and/or home/cell telephone number). Application Instructions 1. Application Form: Properly complete and sign the application form. Scholarship application materials should be mailed to the address on the last page of this package. Postmark deadline for this application is JANUARY 31, 2011. Earlier submission of the application is encouraged. 2. Eligibility: TSHA Scholarships are available to Texas High School graduating seniors, Community College attendees, and university upper classmen who have previously graduated from a Texas High School. 3. Community Colleges and University Transcripts: An OFFICIAL University and/or Community Colleges transcript indicating grades and class rank through the fall of the previous year must accompany the scholarship application. Faxed copies of transcripts are not official and cannot be accepted. Also enclose a letter of good standing and full time status from the University or College. 4. GPA: Please make sure the College Official has filled in the applicant’s GPA and all requested data on the page he/she fills out. The GPA must be presented on a 4.0 scale. 5. Completeness of the Application Package: The ability to follow the given instructions will be a factor in the award process. Scholarships 1. Scholarships for academic year 2011-2012 will be limited to students who will be attending college in Austin, College Station, or Denton, Texas. 2. Scholarships are awarded for the full or partial cost of an OFF-CAMPUS room for one (1) academic year at the Ballpark in Austin, Town Lake in Austin, the Ridge at North Texas, and the Cambridge in College Station or at an alternate comparable facility IF designated by TSH. This scholarship cannot be transferred to another university or loca tion A scholarship awardee may be eligible for scholarship support the following year if the student maintains TSHA established academic and leadership standards and communicates with the TSHA Board as required. 3. A college grade point average of 3.0 is desired for renewal of the scholarship for subsequent years. The Board also requires you to keep them apprised of your progress in school. 4. A deposit of $250.00 is required on acceptance of a TSHA partial scholarship, not as a part of this application. This deposit is non refundable, but will be applied to the student’s portion of the housing cost. The total housing cost consists of three increments: The scholarship, balance of the rent owed and an administrative payment to TSHA. The sum of the three will not exceed the base retail price normally charged by the property manager to non scholarship residents. KEEP THESE THREE PAGES OF INFORMATION FOR YOUR RECORDS DO NOT MAIL WITH APPLICATION 1 TEXAS STUDENT HOUSING AUTHORITY INCREMENTAL ACADEMIC SCHOLARSHIP APPLICATION PERSONAL PROFILE Please type or print in ink Last Name First Name Middle: E-mail address: Permanent Address: City: State: Zip Code: Phone Number with Area Code: ( ) Birth date Birthplace Month/Day/Year City State County US Citizen?  Yes  No If “No” complete: Country of Citizenship Permanent resident PR# Visa Type Date Issued: (Enclose copy of both sides of card) Please indicate the gross annual household income for your family by checking the appropriate range below: Less than 50,000 50,001 to 125,000 125,000 and above Please note: Failure to attach a current photo will delay the processing of your application. Financial Aid documents may be attached but are not required. Please attach a current photograph of yourself here. 2 Last Name First Name Middle: COLLEGE COURSE WORK PROFILE Fall 2011 - City where University/College is located (please select all that apply):  Austin  College Station  Denton Please note, the TSHA Housing Scholarship only applies to housing in one of the three Texas cities listed above. Name of U niversity/College you will be attending: _______________________________________________________ Include acceptance letter with application (if not yet accepted and are subsequently accepted, send this updated information to TSHA ASAP so we can update your application. Community college/University: List all Community Colleges or Universities you have attended. Place first the school where you attend currently and list chronologically. School Name School Address City, State, Zip Attendance Dates Have you declared a major? Yes No If yes, please indicate: ______________________________________________________________________________ PERSONAL STATEMENT Personal statement should be typewritten on an 8½” by 11” white unlined paper, double-spaced, leaving 1 inch margins and using front side only. The personal statement must be included with this submittal. Do not send items separately. Since this statement may be photocopied for committee members, be sure the print is dark enough to produce legible photocopies. In 250 words or less, answer the following questions: • Why do you want and need this scholarship? • Comment on university courses that have been most challenging and rewarding. • Comment on character traits, which have been your best assets. • Describe your post-college ambition. I understand that the information submitted herein will be relied upon by officials of the TSHA to determine my status as a scholarship candidate. I certify that the information in and submitted with this application is complete and correct and understand that it may be verified by the TSHA and that the submission of false information is grounds for rejection of my application and withdrawal of any offer of scholarship. I also give permission to release these materials to any appropriate scholarship committee. Signature: __________________________________ Date: __________________________________________ 3 ACTIVITIES PROFILE HONORS AND DISTINCTIONS List major honors and distinctions, in order of importance to you, received both in and out of school during grades 9-12 and post High School (include Leadership Positions). Include the sponsor, basis of award and date received. DO NOT ATTACH ADDITIONAL SHEETS. IF YOU HAVE MORE THAN 10, LIST THE 10 MOST IMPORTANT. Award/Honor Sponsor Basis of Award Date Received EXTRACURRICULAR ACTIVITIES List below, in order of importance to you, your principal extracurricular activities in grades 9-12 and college. (Do not list employment or volunteer work.) If not self-explanatory by title, please describe the activity. DO NOT ATTACH ADDITIONAL SHEETS. IF YOU HAVE MORE THAN 8, LIST THE 8 MOST IMPORTANT. Activity Note grade level(s) of participation by recording number of hours per week & weeks per year you were/are involved in the activity. Position/office held or honors won 4 COMMUNITY SERVICE OR ACTIVITIES Describe the nature of the activities/community service (Examples: Candy Striper, Literacy Volunteer, etc.) your specific role, when you participated in the activities, and how much of your time was devoted to each activity. DO NOT ATTACH ADDITIONAL SHEETS. IF YOU HAVE MORE THAN 8, LIST THE 8 MOST IMPORTANT. Activity Description/Role Dates Hours WORK EXPERIENCE/SUMMER ACTIVITIES Please list any jobs (Example: Fast Food, Primary Caretaker, etc.) you have held or are holding and provide dates of employment, hours per week, and a brief description of your position and responsibilities. You may also include significant summer activities such as academic enrichment or travel abroad. DO NOT ATTACH ADDITIONAL SHEETS. IF YOU HAVE MORE THAN 8, LIST THE 8 MOST IMPORTANT. Job/Activity Position/Responsibilities Date Hours per week LETTERS OF RECOMMENDATION Writer Title Date 1. __________________________________________________________________________ 2. __________________________________________________________________________ 5 COLLEGE OFFICIAL MUST COMPLETE THIS PAGE FOR APPLICATION TO BE COMPLETE Student Name: ____________________________________ College: ______________________________ 1. Class Rank: If school does not rank; Student falls in the ___________________ % of his/her class. The candidate most recently ranks _______________________ in class numbering _______________________. 2. GPA: Student has GPA of _________________. Please rank on 4 point scale. 3. Academic Preparation: In comparison with other college students at your campus, how would you describe the academic curriculum under taken by this candidate? Less demanding than average Average More demanding than average The most demanding available 4. Letters of Recommendation: Students must submit at least two (2) LETTERS of recommendation from a counselor, principal, teacher, employer, minister, etc. appraising the individual’s academic and personal qualities and promise as a University/College student. Unusual family circumstances or special personal challenges should be presented. Scholarship committees are particularly interested in evidence of character, relative maturity, integrity, independence, interest, and any special talents or qualities. Please avoid listing activities which are available elsewhere in this application. Letters must accompany this application. Has the student been accepted for enrollment to __________________________________________? □ Yes □ No If no, has the student applied for admission? □ Yes □ No Submitted by (print name): ________________________________________________ Date: _____________________________ Signature: ____________________________________________ Title Position: _______________________________________ Email Address:________________________________________ Phone Number: ______________________________________ School Address: ____________________________________________________________________________________________ Either the student or the counselor/principal may return this application, personal statement, official transcript, and letters of recommendation as a part of this package, postmarked by January 31, 2011 to: Texas Student Housing Authority, 3 Village Circle, Suite 207, Westlake, Texas 76262. 6 Please review the following checklist to ensure your application package is complete. 8:45 AM Texas Student Housing Corp-Denton ala ce eet ' 09/21110 � Accrual Basis As of July 31, 2010 Jul 31, 10 2150 • Accrued Prop Management Fees A " 2151 • Accrued Prop Mgmt -ACN 91,88100 2152 • Accrued Asset Mgmt Fee 18,073.71 2160 - Accrued Interest Payable 2,569,603.09 2161 • Accrued interest - JPI Note Fee Payable 9 2170 Development r 2171 - Accrued Legal Expenses �2+ 2172 - Other Accrued Expenses 2205 . Intercompany A/R and A/P 1,825.02 2300 • A/P Bayerische Landesbank 0.01 2350 . Note Payable - JPI 99r Total Other Current Liabilities 6,543,029.74 Total Current Liabilities 6,543,029.74 Long Term Liabilities 1712 - Underwriters Discount - 427,308.17 1713 • Original Discount - 328,448.60 2002 • Bonds Payable Series A 25,915,000.00 2003 • Bonds Payable Series B 2,470,000.00 Total Long Term Liabilities 27,629,243.23 Total Liabilities 34,172,272.97 Equity 3075 - Contributed Capital 3,614.20 3625 • Ret Earn - 29,93100 3900 - Retained Earnings - 10,329,408.18 Net Income 122,345.91 Total Equity - 10,233,381.07 TOTAL LIABILITIES & EQUITY 23,938,891.90 Page 2 9:04 AM Texas Student Housing Corp ~ Austin 09121n0 Balance Sheet Accrual Basis As of July 31,2010 � ' �W w" � u"x) Q�L| Page 2 Jul 31'10 Other Current Liabilities 2152' Accrued Asset MgmRe 19 8 ZAP VA uuos' Accrued Payroll 2000' Payroll 'Clearing 0.09 2u4s' Accrued Expenses 94.718.30 2oso' Prepaid Rent -Residents 36.010y3 oosa' Prepaid Revenue o|mng meo�su 2065 'Lat Month's Rent 148.201.68 uo7s' Security Deposits 'Residents '//* 215o'Accrued Prop Management Fees z15s' Accrued Property Insurance &38 ui70' Development Fee Payable fti 9-1 2i72' Other 4ucmndExpenses mm��0�� 2noV' Bonds Payable - Series xoo1A 585.000.00 oaus' Bonds Payable ' Series 2un1B 110.000.00 2320 - Acn,ueu{noumst - oonuu 3.872.034a2 u4ns' Accrued Interest ' Deferred Pvr 884.240.00 ------- Total Other Current Liabilities 6.308.312.58 Total Current Liabilities 6.e45.701�08 Long Term Liabilities c4ou' Deferred Purchase Price 1.4e0.000.00 o0uu' Bonds Payable -Sehenuuo1 A 29.565.000.00 26uG' Bonds Payable -Sehes2uo10 2.255.000.00 os1o' Bonds Payable -Sowesoon10 a.oVV.nuu�oo Total Long Term Liabilities aa.zuo.000�oo Total Liabilities 42.325.701.08 Equity uu7s' Contributed Capital 75,441.87 usos'*Retained Earnings '13.995.883.11 Net Income 49.073.44 Total Equity 43,969�14.68 TOTAL LIABILITIES &EQUITY 28.956.186.40 ===== � ' �W w" � u"x) Q�L| Page 2 8:57 AM Texas Student Housi n ®-T® nLa e 09/21/10 Balance Sheet Accrual Basis As of July 31, 2010 Jul 31, 10 ASSETS Current Assets 22,773.12 Checking /Savings -50.99 1003 • Cash -Old Operating Account - 1,377.06 1004 Cash- Operating Acct 54,015.03 1007 First Financial Revenue 16,238.49 1020 • Cash - Operating -Prior Management -0.05 1032 • Cash- E Payments 306.00 1050 • Cash -Petty 1,600.00 Total Checking /Savings 70,782.41 Other Current Assets 1140 • A/R Resident -Rent 22,773.12 1150 • Revenue Fund -50.99 1154 • A -1 Principal 20,321.38 1155 • A -1 Interest 104,010.80 1157 - A -2 Interest 5,239.47 1160 • Debt Service Reserve 85,789.90 1162 • Replacement Fund 174,355.07 1164 • Fee &Expense Fund 75,790.32 1166 • Tax &Insurance 2,119.66 1167 • Deferred Debt Service 16,425.75 1276 • Unit Appliances 295,134.00 1400 - Furniture &Fixtures 915,951.00 1532 - Cost of Issuance 1,185,699.00 1700 • Initial Purchase Release -916 1748 • Capitalized Operating Deficit 226,036.00 1750 - Capitalized Interest 18,005.00 1752 • Other Closing Costs 643,053.59 1934 - Prepaid Insurance 14,998.99 1940 • Prepaid Expenses 5,562.81 Total Other Current Assets 3,811,205.61 Total Current Assets 3,881,988.02 Fixed Assets 1246 • Land 2,182,816.00 1252 • Land Improvements 2,806,596.00 1256 • Building 13,270,150.22 1380 - Accumulated Depreciation - 4,241,653.00 Total Fixed Assets 14,017,909.22 Other Assets 1390 • Accumulated Amortization - 88,709.97 1390A • Accumulated Amort Debt Issue - 199,197.00 Total Other Assets -287,906.97 TOTAL ASSETS 17,611,990.27 LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities 2020•Trade Accounts Payable 209,741.15 2035 • Accrued Payroll 24,762.00 2045 • Accrued Expenses - 108,704.43 2052 • Prepaid Rent - Residents - 8,207.87 2058 • Prepaid Revenue Clearing 0.07 2065 • Last Month's Rent 112,522.32 2078 - Security Deposits - Unpaid Ref 1,043.32 2150 • Accrued Prop Management Fees 1 -0,140 sR4 2155 - Accrued Property Insurance -0.24 2172 - Other Accrued Expenses t1394 Page 1