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HomeMy WebLinkAbout03-08-06 TSHA Min TEXAS1 STUDENT ]HOUSING MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF THE TEXAS STUDENT HOUSING AUTHORITY (AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE) MARCH g, 2006 PRESENT: President Jim Carter, and Board Members Jac Irvine, Jill McKean, and Larry Darlage ABSENT: Board members Gary Fickes, Chuck Schultz, and Becky Rogers OTHERS PRESENT: Executive Director Hank Smyth, General Counsel Scott Bradlcy, and Secretary Jeans Dwinnell 1. CALL TO ORDER. President Carter called the meeting to order at 6:13 p.m. 2. DISCUSS AND CONSIDER APPROVAL OF AMENDED BY-LAWS. Mr. Bradley gave a brief explanation of the proposed changes to the By-Laws and Mr. Smyth followed with further explanation, advising that the proposed changes include the addition of the Secretary to the check-signing list. Discussion ensued regarding the proposed changes and it was the consensus of the Board to table this item until the Board had time to study the document more thoroughly. 'd. EXECUTIVE DIRECTOR'S REPORT. Mr. Smyth reviewed his report as presented. Discussion ensued regarding the list of scholarship recipients appearing in the Board minutes, special consideration given to Hispanic students, the rating process, giving special consideration to all minorities, being fair and equitable to all applicants, the criteria being objective or subjective, and evaluating the criteria after this year. Mr. Smyth presented the numbers of students that were eligible for scholarships at each location and advised that overflow apartments were being pursued. He also requested the Board's consideration of awarding full scholarships to the students that are most qualified. He advised that there were 26 candidates that were qualified. Discussion ensued regarding the financial implications and keeping the same number of full scholarships that we currently have,just replacing the graduates or drops. Mr. Smyth reviewed the financial information as prepared by Mr. Pete Ehrenberg, Texas Student Housing Authority Finance Manager, and asked the Board to consider approval of the Investment Policy. 4. DISCUSS AND TAKE ANY NECESSARY ACTION ON EXECUTIVE DIRECTOR'S REPORT. Mr. Darlage moved to approve the awarding of scholarships for the 2006/2007 school year as presented. Ms. McKean seconded the motion The vote on the motion was as follows: Ayes: Messrs. Darlage, Irvine, and Ms. McKean Nays: None President Carter declared the motion carried unanimously. Ms. McKean moved to approve a total of 33 full scholarships, replacing the graduates and drops with the applicants that are most qualified. Mr. Darlage seconded the motion The vote on the motion was as follows: Ayes: Messrs. Darlage, Irvine, and Ms. McKean Nays: None President Carter declared the motion carried unanimously. Mr. Irvine moved to approve the listing of scholarship recipients in the Board minutes. Mr. Darlage seconded the motion The vote on the motion was as follows: Ayes: Messrs. Darlage, Irvine, and Ms. McKean Nays: hone President Carter declared the motion carried unanimously. 5. REVIEW AND APPROVE MINUTES OF BOARD MEETING HELD JANUARY 24, 2006. Ms. McKean moved to approve the minutes of the Board meeting held January 24, 2006. Mr. Darlage seconded the motion The vote on the motion was as follows: Ayes: Messrs. Darlage, Irvine, and Ms. McKean Nays: None President Carter declared the motion carried unanimously. 6. REVIEW AND APPROVE ANY OUTSTANDING BILLS. There were no bills to consider. 7. ADJOURN. There being no further business before the Board, President Carter declared the meeting adjourned at 7:35 p.m. The 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 certif. d to be an official copy thereof, on file among the official records of the Board, on this t day of , 2006. J' Cadex, President ATTEST: J Dwinnell, Secretary