HomeMy WebLinkAbout07-06-06 TSH Denton Min TEXASIW
STUDENT liOUSING
MINUTES OF THE MEETING OF
THE BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING CORPORATION— DENTON PROJECT
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
JULY 06, 2006
PRESENT: Vice Chair Becky Rogers, and Board Members Jac Irvine, Gary Fickes, Jill
McKean, and Larry Darlage (left the meeting at 6:45 p.m.)
ABSENT: Chairman Jim Carter and Board member Chuck Schultz
OTHERS PRESENT: President Hank Smyth, General Counsel Scott Bradley,
Finance Manager Pete Ehrenberg, Secretary Jean Dwinnell, and
Julie Bonin representing Asset Campus Housing
1. Call the meeting to order.
Vice Chair Rogers called the meeting to order at 6:33 p.m.
2. Consider approval of minutes of the meeting of the Texas Student Housing—Denton
Project held on January 24,2006.
Ms. Mclean moved to approve the minutes of the meeting held on January 24, 2006.
Mr. Irvine seconded the motion.
There was no discussion and the vote on the motion was as follows:
Ayes: Vice Chair Rogers and Directors Mclean, Irvine, Darlage, and Fickes
Nays: None
Vice Chair Rogers declared the motion carried unanimously.
3. Consider approval of the FY 2006-2007 Budget,
Ms. Julie Bonin, representing Asset Campus Housing, advised that the Denton property is 100%
full. She reviewed the budget as presented and gave comparisons to last year. Ms Bonin advised
the Board of painting, repairs, and replacement of appliances and equipment that are needed on
the property.
President Smyth informed the Board that he was in the process of pursuing additional rooms at
other properties in Denton.
Discussion ensued regarding room rates, debt service, and vendor's debt.
Mr. Fickes moved to approve the FY 2006-2007 Budget for the Denton facility.
Ms. McKean seconded the motion.
There was no further discussion and the vote on the motion was as follows:
Ayes: Vice Chair Rogers and Directors Irvine, McKean, and Fickes
Nays: None
Vice Chair Rogers declared the motion carried unanimously.
The Board commended Ms. Bonin and her co-workers on their job performance.
4. Adjourn.
There being no further business before the Board, Vice Chair Rogers declared the meeting
adjourned at 6:50 p.m.
APPROVED BY THE BOARD OF DIRECTORS ON
2007
ATTEST: C rMman
Kim utter, Secretary