HomeMy WebLinkAbout10-29-02 TSHA Min MINUTES AND CERTIFICATION
On October 29, 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, Mr. Farhat and Dr. Watson. Also present
were: Mr. Larry Williamson., Mr. Bill Moon,Mr. Allen Moon, Mr. Scott Bradley, Ms.
Mary Midgette, Mr. Trent Petty, Mr. Steve Block and Ms. Cringer Crosswy.
. - President Carter called the meeting to order at 7:40 p.m. and convened the
meeting into executive session. The meeting was reconvened into open session at 8:30
p.m.
There was a motion by Ms. Bush, seconded by Ms. Roger, to approve a resolution
authorizing the issuance of bonds, and the acquisition, construction, financing, and
management of a student housing project, including related facilities,located near the
University of Texas, Austin, Texas, approving the form and substance of and authorizing
the execution and delivery of the documents appropriate to effect the issuance of the
bonds and the acquisition, construction, financing, and management of the project, and
resolving related matters with the following corrections. In Section 4, in the first
sentence after the words"aggregate amount" delete "of' and add "not to exceed". In At
the end of the paragraph in Section 5 add the sentence "The actual Purchase Price shall be
as.determined by the President and General Counsel of the Purchaser, in their discretion,
in consultation with the Purchaser's financial consultants." After a short discussion the
motion carried unanimously.
There was a motion by Mr. Blake, seconded by Ms. Bush,to approve the minutes
of the meetings held on September 24, 2002, as presented. There was no discussion and
the motion carried unanimously.
There was a motion by President Carter, seconded by Ms. Rogers, to hire Steven H.
Block, of Block&Associates, to provide advice regarding real estate matters and student
housing projects, at an hourly rate of$275.00 plus expenses. After a short discussion
the motion carried unanimously.
Mr. Petty gave a short report regarding the financial situation of this project.
There was a motion by Ms. Bush, seconded by Mr. Blake, to pay a bill from
Allen Moon in the amount of$300.00 and from the Fort Worth Star Telegram in the
amount of$148.50 for advertising regarding the Town Lake project, when the funds
become available. There was no discussion and the motion carried unanimously.
There was a motion by Mr. Blake, seconded by Ms. Bush, to authorize the Texas
Student Housing Authority to reimburse the Texas Student Housing Corporation for
scholarships granted on or after June 21, 2001. There was no discussion and the motion
carried unanimously.
There being no farther business the meeting was adjourned at 8:53 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 19`x' day of November 2002.
i
ATTEST: James P. Cart er, Prudent
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ing rosswy, Secret