HomeMy WebLinkAbout08-05-03 TSH Denton Min MINUTES AND CERTIFICATION
On August 5, 2003, the Board of Directors (the `Board") of the Texas Student
Housing Corporation — Denton Project convened in a public meeting at the designated
meeting place in Westlake, Texas. The roll of the duly constituted officers and members
of the Board was called, which are as follows:
Name Title
James P. Carter President
Worth Blake Vice President
Vacant Treasurer
Dr. Forrest Watson Member
Becky Rogers Member
Dr. John Brooks Member
Michelle Corson Member
all of whom were present except Dr. Watson, and Dr. Brooks. Also present were: Mr.
Allen Moon, Mr. Hank Smyth, Ms. Ginger Crosswy, Mr. Scott Bradley and Mr. Larry
Williamson.
President Carter called the meeting to order at 5:55 p.m.
Heidi Brendemihl and Michelle Horan were in attendance from JPI to present the
proposed budget and leasing information for Jefferson Commons in Denton. Ms.
Rogers asked Ms. Brendemihl to furnish to the Board photographs of the various
properties along with copies of all promotional advertising done at each property. Mr.
Allen Moon stated that the amount billed to TSH for the full scholarship students should
be the average executed rent taking into consideration any concessions_ There was a
lengthy question and answer session after which Ms. Brendemihl and Ms. Horan left the
meeting. The meeting was recessed at 7:05 p.m. and reconvened at 5:43 p.m.
Mr. Williamson left during the recess.
Mr. Smyth told the Board that the t rustee is ins isting a c onsultant b e hir ed t o
examine the situation at the Denton project. He has two bids from outside consultants.
Mary Ellen Ewing and Steve Block. Both are $25,000.00 and he is recommending hiring
Mr. Block and adding a "not to exceed" clause to his contract. This amount would be
paid out of the operating budget. There was a motion by Mr. Blake, seconded by Ms.
Corson, to authorize the hiring of Mr. Block under the conditions presented by Mr.
Smyth. There was no further discussion and the motion carried unanimously. There
was a motion by Mr. Blake, seconded by Ms. Corson, to approve the proposed budget
with an amendment to include the expense previously stated. There was no discussion
and the motion carried unanimously.
There was a motion by Ms. Rogers, seconded by Ms. Corson, to approve minutes
of the meeting held on June 26, 2003 as presented. There was no discussion and the
motion carried unanimously.
There a lengthy discussion regarding a meeting with the officials at the University
of North Texas regarding the situation of this project.
There was a motion by Ms. Rogers, seconded by Mr. Corson, to pay all bills as
presented contingent on Mr. Smyth's approval. This was an invoice from Allen Moon in
the amount of$8675.00 for work done in May and June. There was no discussion and
the motion carried unanimously.
There was a motion by Mr. Blake, seconded by Ms. Corson, to approve the Inter-
Entity Agreement as presented. There was no further discussion and the motion carried
unanimously.
There being no further business the meeting was adjourned at 9:00 p.m.
MINUTES APPROVED AND CERTIFIED TO BE TRUE AND CORRECT and
to correctly reflect the duly constituted officers and members of the Board, and is hereby
certified to be a correct copy of an official copy thereof, on file among the official records
of the Board, on this the 6''' day of November 2003.
1
ATTEST: arter,President
ding Crosswy, Secr ry