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HomeMy WebLinkAbout01-18-11 TSH Denton Min TEXAS 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) January 18, 2011 PRESENT: President Jim Carter, Directors George Ledak, Gregg Malone, and Jill McKean. ABSENT: Chuck Shultz OTHERS PRESENT: Executive Director Pete Ehrenberg, Secretary Kelly Edwards and General Counsel Scott Bradley. 1. CALL TO ORDER President Carter called the meeting to order at 7:13 p.m. 2. REVIEW AND APPROVE MINUTES FOR THE MEETING ON DECEMBER 7, 2010. MOTION: Director Ledak made a motion to approve the minutes. Director McKean seconded the motion. The motion carried by a vote of 4-0. 3. DISCUSS AND CONSIDER APPROVAL OF TSHC — DENTON PROJECT ANNUAL AUDIT FOR FY 2009-2010 PRESENTED BY PATTILLO BROWN &HILL, L.L.P. John Manning from Patillo Brwon & Hill, L.L.P. provided an overview of the audit. Discussion ensued regarding of the debt owed to the bond holders. MOTION: Director McKean made a motion to approve the 2009-2010 audit. Director Malone seconded the motion. The motion carried by a vote of 4-0. TSH-Denton Minutes 01/18/11 Page 1 of 2 4. ADJOURNMENT President Cater asked for a motion to adjourn. MOTION: Director McKean made a motion to adjourn the meeting. Director Malone seconded the motion. The motion carried by a vote of 4-0. There being no further business before the board, President Carter declared the meeting adjourned at 7.22 p.m. APPROVED BY THE TEXAS STUDENT HOUSING DENTON PROJECT BOARD OF DIRECTORS ON JUNE 21, 2011. Jim Carter, PresicdeM ATTEST Kelly Edwards, ecretary TSHA— Denton Minutes 01/18/11 Page 2 of 2