HomeMy WebLinkAbout05-26-09 TSH Denton Agenda Packet
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
5:30 P.M.
TEXAS STUDENT HOUSING OFFICE
3 VILLAGE CIRCLE, COUNCIL CHAMBERS/MUNICIPAL COURT ROOM
WESTLAKE, TEXAS
1. CALL TO ORDER.
2. DISCUSS AND CONSIDER APPROVAL OF MINUTES FROM THE MEETING
OF THE TEXAS STUDENT HOUSING CORPORATION – DENTON PROJECT
HELD JANUARY 20, 2009.
3. DISCUSS AND CONSIDER APPROVAL OF THE FY 2009-2010 BUDGET.
4. 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 Friday, May 22, 2009, by 5 p.m. under the Open Meetings Act, Chapter 551 of the Texas Government
Code.
_____________________________________
Kim Sutter, TRMC, Town 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.
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 20, 2009
PRESENT: Chairman Jim Carter and Directors Jac Irvine, Jill McKean, and Chuck Schultz.
ABSENT: Directors George Ledak and Melanie Lekkos.
OTHERS PRESENT: President Pete Ehrenberg, General Counsel Scott Bradley, and
Secretary Kim Sutter.
1. CALL TO ORDER.
Chairman Carter called the meeting at 6:35 p.m.
2. DISCUSS AND CONSIDER APPROVAL OF TSHC – DENTON PROJECT
ANNUAL AUDIT FOR FY 2007-2008 PRESENTED BY PATTILLO BROWN &
HILL, L.L.P.
Mr. John Manning, partner with Patillo Brown & Hill, L.L.P., presented the draft audit
and cited a negative net asset position.
Discussion ensued regarding the audit and Mr. Manning addressed questions from the
Board.
After discussion by the Board, Chairman Carter asked for a motion to accept the audit.
MOTION: Director McKean made a motion to accept the 2007-2008 Denton project
audit. Director Schultz seconded the motion. The motion carried by a
vote of 4-0.
Chairman Carter directed President Ehrenberg to examine the executive summary of each
property, including the assets, liabilities, and budget versus actual.
TSHA – Denton Project Page 2 of 2
Minutes
January 20, 2009
3. DISCUSS AND CONSIDER APPROVAL OF AMENDED BYLAWS.
President Ehrenberg reviewed the proposed changes to the Bylaws:
- References to Board of Aldermen changed to Town Council
- Title of Chairman changed to President
- Title of President to Executive Director
Director Irvine recommended a change to Section 3.9 to reflect that the Executive
Director shall be appointed by the Board of Directors as opposed to appointed by the
President and on terms approved by the Board of Directors.
MOTION: Director Irvine made a motion to approve the amendment to the bylaws,
including the change to Section 3.9. Director Schultz seconded the motion.
The motion carried by a vote of 4-0.
4. REVIEW AND APPROVE MINUTES OF JUNE 17, 2008.
Chairman Carter introduced the item and asked for a motion.
MOTION: Director Irvine made a motion to approve the minutes as presented.
Director Carter seconded the motion. The motion carried by a vote of 3-0,
with Director McKean abstaining from the vote due to absence from the
meeting.
5. ADJOURN.
There being no further business before the Board, Chairman Carter declared the meeting
adjourned at 6:54 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 26th day of May 2009.
___________________________________
Jim Carter, Chairman
ATTEST:
___________________________________
Kim Sutter, TRMC, Secretary