HomeMy WebLinkAbout06-23-05 TSHA Min �lv
A S
STUDENT ; HOUSING
MINUTES OF THE
BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
JUNE 23,2005
PRESENT: Board Members Dr. Larry Darlage, Jill McKean, Becky Rogers, and Chuck
Schultz
ABSENT: President Jim Carter and Board Members Gary Fickes, and Jac Irvine,
OTHERS PRESENT: Executive Director Hank Smyth, Finance Manager Pete Ehrenberg,
and Secretary Jean Dwinnell
1. The meeting was called to order at 5:58 p.m.
2. Consider approval of a presiding officer for this meeting.
Dr. Darlage moved, Mr. Schultz seconded the motion to approve the appointment of Becky
Rogers as presiding officer for this meeting.
There was no discussion and the motion carried unanimously.
3. Consider approval of a Vice President.
Mr. Schultz moved, Ms. McKean seconded the motion to approve the appointment of Becky
Rogers as Vice President to the Texas Student Housing Board of Directors.
There was no discussion and the motion carried unanimously.
4. Consider approval of a Treasurer.
Ms. Rogers moved, Dr. Darlage seconded the motion to table this item until all Board members
are present.
There was no discussion and the motion carried unanimously.
5. Review and approve minutes of the meeting of the Texas Student Housing Authority held
on April 19, 2005.
Dr. Darlage moved, Mr. Schultz seconded the motion to approve the minutes of the Texas
Student Housing Authority meeting held April 19, 2005.
There was no discussion and the motion carried unanimously.
6. Executive Director's report— Status of Scholarships and Alternate Housing.
Mr. Smyth reviewed his report as presented to the Board.
Discussion ensued regarding enrollment, cost of apartments, how the scholarship program works,
and purchase and/or acquisition of another property.
7. Finance Director's report Third Quarter Financials, Year-To-Date, and 2005-2006
Budget considerations.
Mr. Ehrenberg reviewed his report as presented to the Board including the balance sheet, the
profit and loss statements, profit/Ioss versus actual, financial variance explanations, reserve
account, the new proposed budget schedule, audits, and contentment with auditors. He advised
that there are no law suits pending.
8. Take any necessary action concerning items # 6 & 7.
There was no action taken.
9. Review and take any necessary action regarding bills.
There was no action taken.
10. Discuss and consider a Resolution amending the Bylaws of the Texas Student Housing
Authority.
Discussion ensued regarding the amendment of Article V, Section 5.5 of the Texas Student
Housing Authority Bylaws by adding the Authority Secretary to the list of authorized persons to
sign checks on behalf of the Authority from any band or trust account maintained by the
Authority for any purpose authorized by the Board of Directors.
Ms. McKean moved, Dr. Darlage seconded the motion to approve the Resolution amending
Article V, Section 5.5 of the Texas Student Housing Authority Bylaws.
There was no further discussion and the motion carried unanimously.
11. Adjourn.
There being no further business,Ms. Rogers declared the meeting adjourned at 6:40 p.m.
These Minutes are approved and certified to be a true and correct reflection of the actions of the
officers and members of the Board, and is hereby certified to be an official copy thereof, on file
among the official records of the Board, on this the '24oth day of julu 2005.
ecky Rogers idin facer
(2a'14-
] n Dwinnell, TRMC, CMC, Secretary