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HomeMy WebLinkAbout06-23-15 TSH Denton MinTEXAS* STUDENT HOUSING MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF THE TEXAS STUDENT HOUSING CORPORATION — DENTON PROJECT (AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE) June 23, 2015 PRESENT: President Jim Carter, Directors, Scott Bradley, and Tracy Schornack. ABSENT: Gregg Malone OTHERS PRESENT: Executive Director Pete Ehrenberg and Secretary Kelly Edwards. 1. CALL TO ORDER President Carter called the meeting to order at 7:57 p.m. 2. REVIEW AND APPROVE MINUTES FOR THE MEETING ON JANUARY 27, 2015. MOTION: Director Schornack made a motion to approve the minutes. Director Bradley seconded the motion. The motion carried by a vote of 3-0. 3. DISCUSS AND CONSIDER APPROVAL OF TSHC — DENTON PROJECT ANNUAL BUDGET FOR FY 2015-2016. Director Ehrenberg provided an overview of the item. Discussion ensued regarding bond payments, rate increases, and occupancy rates. MOTION: Director Bradley made a motion approve the FY 2015-2016 Denton Annual Budget. Director Schornack seconded the motion. The motion carried by a vote of 3-0. TSH -Denton Minutes 06/23/15 Page 1 of 2 4. EXECUTIVE DIRECTORS REPORT No additional discussion 5. ADJOURN Director Bradley asked for a motion to adjourn. MOTION: Director Bradley made a motion to adjourn the meeting. Director Schornack seconded the motion. The motion carried by a vote of 3-0. There being no further business before the board, President Carter declared the meeting adjourned at 8:01 p.m. APPROVED BY THE TEXAS STUDENT HOUSING DENTON PROJECT BOARD OF DIRECTORS ON SEPTEMBER 14, 2015. ATTEST Kelly Edward, ecretary Scott Bradley for Jim Cart TSHA — Denton Minutes 06/23/15 Page 2 of 2