HomeMy WebLinkAbout12-07-10 THSA Min TEXAS
STUDENT Hou IN
MINUTES OF THE
BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
December 7, 2010
PRESENT: President Jim Carter, Directors, George Ledak, Gregg Malone and Chuck Shultz
and Jill McKean arrived at 5:53 p.m.
ABSENT: General Counsel Scott Bradley
OTHERS PRESENT: Executive Director Pete 'Ehrenberg and Secretary Kelly Edwards.
1. CALL TO ORDER
President Carter called the meeting to order at 5:35 p.m.
2. REVIEW AND APPROVE MINUTES FOR THE MEETING ON SEPTEMBER 21,
2010.
MOTION: Director Schultz made a motion to approve the minutes. Director Ledak
seconded the motion. The motion carried by a vote of 5-0.
3. DISCUSS AND CONSIDER THE SUMMER CAMP ANALYSIS AT CAMBRIDGE.
Executive Director Ehrenberg provided an overview of the Summer Camp analysis.
Discussion ensued regarding the benefit of the camp and if it is still profitable to
continue offering the camp. Brazos County has said if we do away with the summer
camps we will receive the property tax exemption.
Executive Director Ehrenberg stated that without the summer camps we must continue
to pay the bond holders and staff on-site for tours of prospective renters.
No action taken
TSHA Minutes 12/07/10
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President Carter recessed the meeting at 6:07 p.m. to convene the TSH Denton Project
meeting.
President Carter reconvened the TSH Authority meeting at 6:13 p.m.
4. DISCUSS THE PROPERTY TAX EXEMPTION AT CAMBRIDGE.
Kelly Hill, Pennington & Hill, stated that the case is set for December 20, 2010. The
case will be stipulated on facts for an allotted time of two (2) hours. The case will
address the years of 2005-2008 issues raised regarding the exemption and $3.7 million
in taxes and penalties and if there are grounds for a settlement.
Executive Director Ehrenberg stated that this Board does not have the authority to make
the recommendation for the attorney. The bond holders must advise the attorney to
proceed with any future action.
President Carter provided the background information regarding this item for Director
Malone.
The Board will conduct a meeting on Tuesday, December 14, 2010, at 9:00 a.m. to
discuss this item in Executive Session.
S. DISCUSS AND CONSIDER THE NUMBER AND TYPES OF SCHOLARSHIPS
AWARDED FOR THE 2011-2012 SCHOOL YEAR.
Item was discussed prior to item 4
Executive Director Ehrenberg provided an overview of the current number of
scholarships and the number we could offer with and without adding an additional
property.
Discussion ensued regarding the number of full and incremental offers and if we should
change the number offered, the scholarship scenarios provided to the Board.
The Board asked Mr. Ehrenberg to provide a breakdown that shows the current
population of students by offer year and location so they can understand the breakdown
of available scholarships and asked that this item be included on the January agenda for
further discussion.
No action taken
TSHA Minutes 12/07/10
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6. EXECUTIVE DIRECTOR'S REPORT
Executive Director Ehrenberg provided an overview of the pre-leasing report for the
properties and amount owed for the Townlake property.
Director Ehrenberg stated that occupancy levels for all of the properties are doing well
and some are ahead of last year.
7. ADJOURN
President Cater asked for a motion to adjourn.
MOTION: Director Malone made a motion to adjourn the meeting. Director McKean
seconded the motion. The motion carried by a vote of 4-0.
There being no further business before the board, Director Irvine declared the meeting
adjourned at 7:09 p.m.
APPROVED BY THE TEXAS STUDENT HOUSING AUTHORITY BOARD OF DIRECTORS
ON JANUARY 18, 2011.
im '
Carter, Press nt
ATTEST �
Kelly dwards, ecretary
TSHA Minutes 12/07110
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