HomeMy WebLinkAbout07-06-06 TSH San Marcos Min 0
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bTUDENT HOUSING
MINUTES OF THE MEETING OFT E
BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY—SAN MARCOS PROJECT
(AN INSTRUMENTALITY OF THE TOWN OF WESTLA )
JULY 06,2006
PRESENT: Vice Chair Becky Rogers, and Board Members Jac Irvine, Gary Fickes, Jill
McKean, and Larry Darlage
ABSENT: Chairman Jim Carter and Board member Chuck Schultz
OTHERS PRESENT: President Hank Smyth, General Counsel Scott Bradley,
Finance Manager Pete Ehrenberg, Secretary Jean Dwinnell, and
Julie Bonin representing Asset Campus Housing
1. CALL TO ORDER.
Vice Chair Rogers called the meeting to order at 6:17 p.m.
2. REVIEW AND APPROVE MINUTES OF THE MEETING OF THE TEXAS
STUDENT HOUSING AUTHORITY BOA —SAN MARCOS PROJECT HELD
ON JANUARY 24,2006.
Ms. Rogers moved to approve the Minutes of the Board meeting held on January 24, 2006.
Mr. Fickes seconded the motion.
There was no discussion and the vote on the motion was as follows:
Ayes: Vice Chair Rogers and Directors Irvine, McKean, Fickes, and Darlage
Nays: None
Vice Chair Rogers declared the motion carried unanimously.
3. CONSIDER APPROVAL, OF THE FY 2006-2007 BUDGET.
Ms. Julie Bonin, representing Asset Campus Housing, advised that the San Marcos property is
94% full. She further advised that there is a new manager on site, that the repairs and
replacements of furniture and equipment are numerous and that the utilities are a problem.
Discussion ensued regarding the possibility of charging a maintenance fee to the residents, cash
flow, debt service, and the cable/internet contract.
Mr. Irvine moved to approve the FY 2006-2007 Budget for the San Marcos facility.
Ms. McKean seconded the motion.
There was no further discussion and the vote on the motion was as follows:
Ayes: Vice Chair Rogers and Directors Irvine, McKean, Fickes, and Darlage
Nays: None
Vice Chair Rogers declared the motion carried unanimously.
4. ADJOURN.
There being no further business before the Board, Vice Chair Rogers declared the meeting
adjourned at 6:33 p.m.
APPROVED BY THE TEXAS STUDENT HOUSING AUTHORITY BOARD OF DIRECTORS
ON x , 2
ATTEST: Becky Rogers, Vi:.: air
Secretary