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HomeMy WebLinkAbout09-24-02 TSHA Min MINUTES AND CERTIFICATI©N On September 24, 2002, the Board of Directors (the "Board") of the Texas Student Housing Authority 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 Mike Farhat Member All of whom were present except Dr. Brooks, Ms. Rogers and Dr. Watson. Also present were: Mr. Larry Williamson, Mr. Bill Moon,Mr. Allen Moon, Mr. Scott Bradley, Ms. Mary Midgette, Mr. Trent Petty, Ms. Christine Savarese, Ms. Heidi Brendemihl, Ms. Michelle Haron, Mr. Felix Lozano, Mr. Griff Babb and Ms. Ginger Crosswy. President Carter called the meeting to order at 6:30 p.m. Ms. Christine Savarese, Ms. Heidi Brendemihl and Ms. Michelle Haron were in attendance to speak regarding the budget amendments recommended by JP1. Ms. Brendemihl went through the amendments with the Board, answering questions as the presentation was made. The meeting was recessed at 6:35 p.m. The JPI representatives left at 7:20 p.m. Mr. Bradley and Mr. Bill Moon left at 7:45 p.m. Mr. Lozano and Mr. Babb left at 8:15 p.m. The meeting reconvened at 8:54 p.m. and the Board went into executive session. The Board reconvened into open session at 8:56 p.m. There was a motion by Mr. Blake, seconded by Mr. Farhat, to approve the minutes of the meetings held on August 27, 2002, as presented. There was no discussion and the motion carried unanimously. Mr. Petty told the Board he met with Steve Block regarding hiring someone to make an independent appraisal of the properties under consideration. The Board asked Mr. Petty to invite Mr. Block to the next meeting. President Carter asked Mr. Petty if he would look at each transaction made in the past to establish some criteria giving the Board a way to calculate an acceptable purchase price on properties in the future. There was a motion by Mr. Blake, seconded by Mr. Farhat,to adopt a resolution authorizing the publication of Notice of Intent to Issue Bonds and resolving related matters. There was no discussion and the motion carried unanimously. Mr. Petty passed out an invoice from the Town of Westlake for employee time spent on Texas Student Housing matters and from Petty& Associates for work done outside the scope of the Program Administrator's function. There was a motion by Mr. Farhat, seconded by Mr. Blake, to pay$12,000.00 to the Town of Westlake and $20,100.00 to Petty&Associates. There was no discussion and the motion carried unanimously. There was a motion by Mr. Farhat, seconded by Ms. Bush,to pay a bill to Whitley Penn in the amount of$660.28. There was no discussion and the motion carried unanimously. There was a motion by Mr. Farhat, seconded by Ms. Bush, to pay a bill to the Fort Worth Star Telegram for advertising for the Lubbock Project in the amount of $153.00. There was no discussion and the motion carried unanimously. There being no further business the meeting was adjourned at 9:25 p.m. 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 29`x' day of October 2002. C ATTEST: es P. Carter, sident l Gmg rosswy, Secret