HomeMy WebLinkAbout01-19-10 TSH Denton Agenda Packet
AGENDA
THE BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING CORPORATION – DENTON PROJECT
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
January 19, 2010
6:00 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 MAY 26, 2009.
3. DISCUSS AND CONSIDER APPROVAL OF TSHC – DENTON PROJECT ANNUAL
AUDIT FOR FY 2008-2009 PRESENTED BY PATTILLO BROWN & HILL, L.L.P.
4. ADJOURN.
I certify that the above notice was posted at the Town Hall of the Town of Westlake, 3 Village Circle,
Westlake, Texas, on January 15, 2010, by 5 p.m. under the Open Meetings Act, Chapter 551 of the Texas
Government Code.
CERTIFICATION
_____________________________________
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.
A G E N D A
THE BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING CORPORATION – DENTON PROJECT
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
MAY 26, 2009
PRESENT: President Jim Carter and Directors Jac Irvine, George Ledak, Jill McKean, and
Chuck Schultz.
ABSENT: Directors George Ledak and Melanie Lekkos.
OTHERS PRESENT: Executive Director Pete Ehrenberg, Secretary Kim Sutter, and
General Counsel Scott Bradley.
1. CALL TO ORDER.
President Carter called the meeting at 5:55 p.m.
2. DISCUSS AND CONSIDER APPROVAL OF MINUTES FROM THE MEETING
OF THE TEXAS STUDENT HOUSING CORPORATION – DENTON PROJECT
HELD JANUARY 20, 2009.
President Carter introduced the item and asked for a motion.
MOTION: Director Scultz made a motion to approve the minutes as presented.
Director Schultz seconded the motion. The motion carried by a vote of 4-
0. 0
3. DISCUSS AND CONSIDER APPROVAL OF THE FY 2009-2010 BUDGET.
Finance Manager Pete Ehrenberg presented the proposed budget to the Board, and
advised that the budget is based on an 81% occupancy rate.
Discussion ensued regarding the preleasing rate, the effect of new properties to the
Denton property, the increase in the management fee based on preleasing, negatives of a
4/2 floor plan, debt service, need to review marketing plan next year, and possibly
consider an advisory board consisting of area school superintendents.
MOTION: Director Irvine made a motion to approve the FY 2009-2010 Denton
project budget as presented. Director Schultz seconded the motion. The
motion carried by a vote of 4-0.
4. ADJOURN.
There being no further business before the Board, Chairman Carter declared the meeting
adjourned at 6:36 p.m.
The Minutes are approved and certified to be a true and correct reflection of the actions of the
officers and members of the Board, and is hereby certified to be an official copy thereof, on file
among the official records of the Board, on this the 18th
day of August 2009.
___________________________________
Jim Carter, Chairman
ATTEST:
___________________________________
Kim Sutter, TRMC, Secretary