HomeMy WebLinkAbout03-22-05 TSHA Min EXASiw
STUDENT
MINUTES OF THE MEETING OF THE
BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
MARCH 22, 2005
Present: President Jim Carter, Jac Irvine, Dr. Larry Darlage (arrived at 6:25 p.m.), Gary
Fickes, and Chuck Schultz
Absent: Becky Rogers, Jill McKean, and Finance Counsel Allen Moon
Others Present: Executive Director Hank Smyth, General Counsel Scott Bradley, Finance
Director Pete Ehrenberg, and Secretary Jean Dwinnell
1. Call to order.
President Carter called the meeting to order at 6:57 p.m., following the meeting of the Board of
Directors of the Texas Student Housing Corporation—Denton Project.
2. Presentations to Worth Blake and Bill Branum
President Carter presented a plaque to Mr. Worth Blake and thanked him for his time and service
to the Texas Student Housing Authority.
Mr. Bill Branum was not present.
3. Review and approve minutes of the meeting of the Texas Student Housing Authority
held on January 18,2005.
A motion was made by Mr. Irvine, seconded by Mr. Darlage to approve the minutes of the
meeting of the Texas Student Housing Authority Board held on January 18, 2005.
There was no discussion and the motion carried unanimously.
4. Executive Director's report.
Mr. Smyth reviewed his report and discussed community college applicants, setting priorities for
renewals, the change in property management,the importance of honest and acceptable budgets,
feeling confident with the handling of the finances, and announced that the Authority had
received 633 new applications for the 2005-2006 school year.
Discussion ensued regarding the change in property management companies, the process by
which the change was made, and the 2005 scholarship forecast.
5. Finance Director's report.
Mr. Ehrenberg reviewed his report and discussed the benefit to TSHA when students upgrade
their rooms. He further reviewed the portfolio on leasing data and financial statements, and
reported on the Authority's net income.
6. Take any necessary action concerning items #3 & 4.
There was no action taken.
7. Consider Renewal of Scholarships.
Mr. Smyth reviewed his recommendations and advised that the deadline was near for students to
request their renewals. He asked the Board to consider a motion to approve his judgment
regarding the award of renewed scholarships.
A motion was made by Mr. Irvine, seconded by Mr. Darlage to authorize Mr. Smyth to make the
decisions for renewals based on the student's performance and record for meeting the
requirements set out by the Authority.
There was no discussion and the motion carried unanimously.
8. Consider New Scholarships.
Mr. Smyth discussed the parking issues at the Cambridge in College Station, double bunking,
and the possibility of leasing other facilities. He also reviewed an example of an incremental
scholarship, advised that 633 new applications had been received, reviewed the applicants from
community colleges,new scholarship evaluations, and criteria.
Discussion ensued regarding the non-renewals,provisional scholarships, and diversity criteria.
Mr. Smyth asked the Board to consider the alternative criteria plan:
SAT—800/ACT— 17
GPA
class standing
acceptance to the University
A motion was made by Mr. Irving, seconded by Mr. Darlage to accept the recommendation of
Mr. Smyth for the alternative criteria plan.
There was no discussion and the motion carried unanimously.
Mr. Smyth advised the Board that he believed all of the students that are "TMQ", "MQ", "Q",
and"P", could be awarded scholarships in Denton and Austin.
A motion was made by Mr. Fickes, seconded by Mr. Schultz to accept Mr. Smyth's
recommendations for awarding scholarships.
There was no discussion and the motion carried unanimously.
It was the recommendation of the Board to advertise "new management" at the housing
locations; the Board requested the diversity breakdown at the next regular meeting discussion
was held regarding the amount of funding TSHA was providing the Town of Westlake; and the
Board discussed consideration of possible "full scholarships"with the upcoming budget.
9. Review and take any necessary action regarding bills.
There was no action taken.
10. Consider any business that may legally come before the Board.
It was the consensus of the Board to hold the next meeting on the third Tuesday of the month,
April 19th, at 5:30 p.m.
11. Adjourn.
There being no further business before the Bo d, President er declared the meeting
adjourned at 8:25 p.m.
rt re s dent
ATTEST:
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Pan Dwinnell, Secretary