HomeMy WebLinkAbout09-21-10 TSHA Min TEXAS —'.a'
STUDENT Hou ING
MINUTES OF THE
BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
September 21, 2010
PRESENT: President Jim Carter, Directors, Jill McKean, Gregg Malone and Chuck Shultz and
General Counsel Scott Bradley.
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 5:50 p.m.
2. REVIEW AND APPROVE MINUTES FOR THE MEETING ON JUNE 29, 2010.
MOTION: Director Shultz made a motion to approve the minutes. Director McKean
seconded the motion. The motion carried by a vote of 4-0.
3. STATEMENT OF ELECTED OFFICIAL AND OATH OF OFFICE FOR GREGG
MALONE.
President Carter introduced Gregg Malone. Mr. Malone graduated from SMU and was in
the military and is now attending UNT become an adult community counselor.
Town Secretary, Kelly Edwards, conducted the Oath of Office for Gregg Malone.
4. DISCUSS AND CONSIDER A VICE CHAIRMAN.
MOTION: Director Shultz to nominate Director McKean as Vice Chairman. Chairman
Carter seconded the motion. Director McKean accepted. The motion
carried by a vote of 4-0.
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S. DISCUSS AND CONSIDER REMOVING PAST ]PI LIABILITIES FROM THE TSHA
BALANCE SHEETS.
Executive Director Ehrenberg provided an overview of the JPI liabilities on the balance
sheets.
General Counsel Scott Bradley agreed with the removal of those items from the balance
sheets as these items have been disputed for more than six (b) years.
MOTION: Director Shultz to approve the removal of those items. Director McKean
seconded the motion. The motion carried by a vote of 4-0.
5. DISCUSS AND CONSIDER APPROVAL OF THE PROPOSED CHANGES TO 2011-
2012 SCHOLARSHIP APPLICATION FOR BOTH HIGH SCHOOL SENIORS AND
CURRENT COLLEGE STUDENTS.
Executive Director Ehrenberg reviewed the changes to the applications which now
includes a statement asking applicants to list any leadership roles.
MOTION: Director McKean to approve the removal of those items. Director
Schultz seconded the motion. The motion carried by a vote of 4-0.
7. DISCUSS AND CONSIDER THE NUMBER AND TYPES OF SCHOLARSHIPS
AWARDED FOR THE 2011-2012 SCHOOL YEAR.
Executive Director Ehrenberg explained that there are approximately 170 scholarships
and about 20 of those awarded have been housed at Lofts, a property that we do not
own. He also stated that should we not use a additional property the max number os
scholarships we could award is 124. This year we awarded 28 full scholarships.
Discussion ensued regarding the number of scholarships and the number provided this
year. The Directors asked Executive Director Ehrenberg to provide several scholarship
scenarios to review and discuss at the December 7th meeting.
- No action taken
8. EXECUTIVE DIRECTOR'S REPORT
Executive Director Ehrenberg provided an overview of the balance sheets and which
bonds would be paid, an update and overview of the Brazos County tax exemption
dispute regarding our facility and an overview of the THSA properties.
TSHA Minutes 09/21/10
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9. ADJOURN
President Cater asked for a motion to adjourn.
MOTION: Director McKean made a motion to adjourn the meeting. Director Schultz
seconded the motion. The motion carried by a vote of 5-0.
There being no further business before the board, Director Irvine declared the meeting
adjourned at 7:00 p.m.
i'
APPROVED BY THE TEXAS STUDENT HOUSING;AUTHORITY-BOARD OF DIRECTORS
ON DECEMBER 7, 2010. y
Jim aster, Presid - t
ATTEST
Kelly)Edward, Secretary
TSHA Minutes 09/21/10
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