HomeMy WebLinkAbout08-27-02 TSH Denton Min MINUTES AND CERTIFICATION
On August 27, 2002, 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
Annette Bush Treasurer
Dr. Forrest Watson Member
Becky Rogers Member
Dr. John Brooks Member
Mike Farhat Member
All of whom were present except Mr. Farhat and Dr. Watson. Also present were: Mr.
Larry Williamson, Mr. Allen Moon, Mr. Bill Moon, Mr. Scott Bradley, Ms. Mary
Midgette, Mr. Trent Petty and Ms. Ginger Crosswy.
President Carter called the meeting to order at 7:49 p.m. It was determined that no
executive session was needed.
There was a motion by Dr. Brooks, seconded by Mr. Blake, to accept the minutes
of the meeting held on July 23, 2002, as presented. There was no discussion and the
motion carried unanimously.
The update on payments made to all consultants was waived, as it was given at the
meeting of the Texas Student Housing Corp.
There was a motion by Mr. Blake, seconded by Ms. Rogers, to authorize the annual
audit by Whitley Penn with the fee not to exceed 5% over the estimated $22,500.00
without coming back for the Board's approval. There was no discussion and the motion
carried unanimously.
Mr. Petty stated that the Board would have to decide what to do with the monies
that were escrowed to pay the property taxes. Mr. Petty was asked to make a
recommendation at the next meeting as to how to allocate these funds, holding at least
$25,000.00 to pay for scholarships.
There being no further business the meeting was adjourned at 8:04 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 24fh day of September, 2002.
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ATTEST: _ �" es P. Carte , ent
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finger rosswy, Secretary