HomeMy WebLinkAbout02-16-04 TSHA Min MINUTES AND CERTIFICATION
On February 16, 2004, 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
Michelle Corson Member
Jac Irvine Member
Becky Rogers Member
Jill McKean Member
William Branum Member
all of whom were present except Mr. Irvine, Ms. Rogers and Mr. Branum. Also present
were: Mr. Scott Bradley, Mr. Allen Moon, Mr. Bill Moon, Mr. Larry Williamson, Mr.
Hank Smyth, Mr. Pete Ehrenberg and Ms. Ginger Crosswy.
President Carter called the meeting to order at 6:15 p.m.
There was a motion by Ms. Corson, seconded by Mr. Blake,to approve minutes of
the meeting of the Authority and the Denton Project held on January 20, 2004. There was
no discussion and the motion carried unanimously.
Mr. Smyth explained the scholarship policy he had drafted at the Board's
direction. There was much discussion regarding the class standing criteria of top 15% for
full scholarships and top 50% for incrementals. After discussing the remainder of the
policy the Board agreed to change the class standing on both scholarships to the top 25%
of the class. There was a motion by Mr. Blake, seconded by Ms. McKean, to approve
the policy with the above mentioned changes. There was no further discussion and the
motion carried unanimously.
The Board received a report from the Executive Director. Mr. Smyth told the
Board that in a meeting with Ms. Parziale, who is with Eaton Vance, it was learned that
they did not sanction the changing of property managers in Denton. In speaking with
MuniMae regarding Townlake and San Marcos and MBIA regarding Ballpark they are
fine with our selection of Asset Campus Housing to take over management of these
properties, but have declined to terminate JPI, giving us the action. He explained the
requested budget increase for the Denton project that is on the agenda and ,stated that a
letter has been delivered to UNT in which the Denton audits, budget, consultant report
and the Vinson& Elkins invoices for $161,0000.00 were included. LINT was offered the
option to take title to the property or the decision on procedures to pay the V&E invoice.
No answer has been received.
The Board received a report from the Finance Manager, which consisted of an
update on the insurance situation.
President Carter asked where the situation in San Marcos stood regarding the
Arthur Anderson and Vinson & Elkins bills. Mr. Allen Moon stated that 95% of this
payment would come out of University funds and therefore negotiation of the bills should
be between the University and the companies involved.
There being no further business the meeting was adjourned at 7:16 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 291h day of March 2004.
ATTEST:
awes P. Carter, President
Gin r Crosswy, Se tary
M