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HomeMy WebLinkAbout09-16-03 TSH Denton Min MINUTES AND CERTIFICATI©N On September 16, 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 Jac Irvine Member 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, Mr. Pete Ehrenberg and Mr. Matthew Reiter. President Carter called the meeting to order at 6:54 p.m. Mr. Matthew Reiter was present from Whitley Penn and presented to the Board the project procedures compiled for the special audit of the Denton property regarding the $373,000 reimbursement JPI is requesting from the project. After explaining the figures arrived at by Whitley Penn do not agree with the amount requested by JPI there was a motion by Ms. Corson, seconded by Ms. Rogers,to authorize staff to continue discussion with the agreed upon procedures if the letter of representation is acquired from JPL After a short discussion the motion carried unanimously. The meeting was recessed at 7:20 p.m. and Mr. Reiter left at this time. The meeting reconvened at 7:55 p.m. There was a motion by Ms. Corson, seconded by Mr. Blake, to approve minutes of the meeting held on August 5, 2003 as presented. There was no discussion and the motion carried unanimously with Mr. Irvine abstaining. Mr. Allen Moon explained the amendment to the indenture requested by Eaton Vance and recommended by the staff, telling the Board this is to clarify some ambiguous language as to how the monies are applied through the waterfall. There was a motion by Ms. Rogers, seeonded by Ms. Corson, to adopt the amendment to the indenture. There was no further discussion and the motion carried unanimously. There being no further business the meeting was adjourned at 8:00 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 6th day of November, 2003. ATTEST: J ;es P. Carter, Pr dent 7 ti Ginger rosswy, Secret