HomeMy WebLinkAbout11-19-02 TSHC Min MINUTES AND CERTIFICATION
On November 19, 2002,the Board of Directors (the "Board") of the Texas
Student Housing Corporation convened in a public meeting at the designated meeting
place in Westlake, Texas. The roll of the duly constituted officers and members of the
Board was called,which are as follows:
Name Title
James P. Carter President
Worth Blake Vice President
Annette Bush Treasurer
Dr. Forrest Watson Member
Becky Rogers Member
Dr. John Brooks Member
Vacant Member
All of whom were present except Dr. Brooks and Mr. Carter. Also present were: Mr.
Larry Williamson,Mr. Allen Moon, Mr. Bill Moon, Mr. Trent Petty, Ms. Mary Midgette,
Mr. Steve Block and Ms. Ginger Crosswy.
Vice President Blake called the meeting to order at 6:00 p.m. The Board had a
short discussion concerning the resignation letter received from Mr. Farhat and the
process of replacing him on the Board.
The meeting was convened into executive session at 6:02 p.m. The Board
reconvened into open session at 6:13 p.m. There was a motion coming out of executive
session by Dr. Watson, seconded by Ms. Rogers,to advise the leadership to settle the
litigation with Lodgeco and Rossco. There was no further discussion and the motion
carried unanimously.
There was a motion by Ms. Bush, seconded by Ms. Rogers,to accept the minutes
of the meeting held on October 29, 2002, as presented with a correction to the amount
paid to Gains, Underkofler, Crawford and Langdon,L.L.P. There was no discussion and
the motion carried unanimously.
The Program Administrator told the Board that his report would fall under the item
regarding the bills.
The Treasurer Ms. Bush reported there is $5,144.29 in the account at Frost Bank
and $49.73 in the TexPool account. There is an outstanding bill for insurance of
$2,500.00. There was a short discussion regarding the closing of these accounts.
Mr. Petty suggested that the account at Frost Bank not be drawn down any
further at this time. There was a motion by Ms. Bush, seconded by Dr. Watson,to pay
invoices to Gains, Underkofler, Crawford and Langdon, L.L.P. in the amounts of$825.00
and$9,383.50 when funds become available. There was no discussion and the motion
carried unanimously.
There being no further business the meeting was adjourned at 6:22 p.m.
Mayor Bradley arrived at 6:25 p.m. and the Board reopened the meeting and
reconvened into executive session. The Board convened into open session at 6:42 p.m.
There was no action taken coming out of executive session and the meeting was
adjourned.
MINUTES APPROVED AND CERTIFIED TO BE TRUE AND CORRECT and
to correctly reflect the duly constituted officers and members of the Board, and is hereby
certified to be a correct copy of an official copy thereof, on file among the official records
of the Board, on this the 27th day of February 2003.
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ATTEST: Worth Blake, Vice President
dingd Crosswy, Secreta