HomeMy WebLinkAbout06-21-11 TSHA Min TEXAS
STUDENT HousING
MINUTES OF THE
BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
June 21, 2011
PRESENT: President Tim Carter, Directors, Scott Bradley, Gregg Malone, and Jill McKean.
ABSENT: George Ledak
OTHERS PRESENT: Executive Director Pete Ehrenberg and Secretary Kelly Edwards.
1. CALL TO ORDER
President Carter called the meeting to order at 5:44 p.m.
2. REVIEW AND APPROVE MINUTES FOR THE MEETING ON APRIL 19, 2011.
MOTION: Director McKean made a motion to approve the minutes. Director Malone
seconded the motion. The motion carried by a vote of 4-0.
3. REVIEW AND DISCUSS THE FY 2010-2011TSHA FINANCIALS.
Director Ehrenberg provided an overview and update regarding the current financials.
President Carter asked Pete to schedule a meeting with the Town Manager, Council
Member Cox, and President Carter to discuss a payment to the Town.
Discussion ensued regarding the amount of available funds that could be contributed to
the Town and the reserve balance.
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4. DISCUSS AND CONSIDER APPROVAL OF CAMBRIDGE, TOWN LAKE, AUSTIN
BALLPARK, AND TSHA ANNUAL BUDGETS FY 2011-2012.
Executive Director Ehrenberg provided an overview of the proposed expenses and
revenues of Authority, Cambridge, Ballpark, and Town Lake budgets.
Discussion ensued regarding the increases of food, utilities, payroll, reserve amounts,
bond payments and capital expenditures per property.
MOTION: Director McKean made a motion to approve the FY 2011-2012 budgets
for Cambridge, Town Lake, Ballpark and TSHA. Director Malone
seconded the motion. The motion carried by a vote of 4-0.
S. EXECUTIVE SESSION
The board convened into executive session at 6:40p.m.
The Board will conduct a closed session pursuant to Texas Government Code,
annotated, Chapter 551, Subchapter D for the following:
a. Section 551.071: Consultation with Attorney - to seek advice of counsel on legal
matters involving pending or contemplated litigation, settlement offers, or other
legal matters not related directly to litigation or settlement. Pending or
contemplated litigation and settlement offers include but are not limited to the
following:
Texas Student Housing Authority vs. Brazos County Appraisal District and
Appraisal Review Board for Brazos County Appraisal District—
CAUSE NO. 06-002328-CV-272
6. RECONVENE MEETING
President Carter reconvened the meeting at 6:57 p.m.
7. TAKE ANY ACTION, IF NEEDED, FROM EXECUTIVE SESSION ITEMS.
MOTION: Motion made by Director McKean to direct current counsel Kelly Hill to
give notice of appeal and to authorize the General Counsel Bradley to
review three (3) law firms that could represent TSHA in litigation
regarding Texas Student Housing Authority vs. Brazos County Appraisal
District and Appraisal Review Board for Brazos County Appraisal District—
CAUSE NO. 06-002328-CV-272. Motion seconded by Director Malone.
Motion carried by a vote of 4-0.
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S. EXECUTIVE DIRECTOR'S REPORT.
Executive Director Ehrenberg provided and update to the board on the number of
scholarships and updates on the property.
9. ADJOURN
President Cater asked for a motion to adjourn.
MOTION: Director McKean made a motion to adjourn the meeting. Director Malone
seconded the motion. The motion carried by a vote of 4-0.
There being no further business before the board, President Carter declared the meeting
adjourned at 7:02 p.m.
APPROVED BY THE TEXAS STUDENT HOUSING AUTHORITY BOARD OF DIRECTORS
ON JANUARY 17, 2012.
Jim Ca " sident
ATTEST
Kelly kwar4 Secretary
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