HomeMy WebLinkAbout11-06-03 TSH San Marcos Min MINUTES AND CERTIFICATION
On November 6, 2003, the Board of Directors (the "Board") of the Texas Student
Housing Corporation — San Marcos 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
Vacant Treasurer
Dr. Forrest Watson Member
Becky Rogers Member
Dr. John Brooks Member
Michelle Corson Member
all of whom were present except Ms Corson, Dr. Watson, and Dr. Brooks. Also present
were: Mr. Allen Moon, Mr. Hank Smyth, Mr. Pete Ehrenberg and Ms. Ginger Crosswy.
President Carter called the meeting to order at 8:28 p.m.
There was a motion by Ms. Rogers, seconded by Mr. Blake, to approve the
minutes of the meeting held on August 5, 2003 as presented. There was no discussion
and the motion carried unanimously with Mr. Irvine abstaining.
Consider and take any necessary action on the amended budget for Jefferson
Commons in San Marcos. Mr. Smyth presented the budget to the Board stating there are
increases needed in the budget to match TSH revenues to JPI expenses. There was a
motion by President Carter, seconded by Mr. Irvine, to accept the budget for Jefferson
Commons in San Marcos with the changes suggested by staff. After a short discussion
the motion carried unanimously.
President Carter asked where we stood on paying the Vinson &Elkins bill? Mr_
Allen Moon answered we are still negotiating. President Carter asked if the properties
carried sufficient insurance to cover the debt and was told that they do. President Carter
then asked what liability TSH has in the Marbach litigation and was told that information
would be found and given to the Board at a later time.
There being no further business the meeting was adjourned at 8:47 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 18'h day of November 2003.
ATTEST: Jam P. Carter, President
ing Crossury, Secre y