HomeMy WebLinkAbout09-14-15 TSH Denton Min3
E.t `1A S
STUDENT HOTJSING
MINUTES OF THE MEETING OF
THE BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING CORPORATION — DENTON PROJECT
September 14, 2015
PRESENT: Directors Scott Bradley, Gregg Malone, Bryant Fisher, Tracy Schornack, and Trish
Howard.
ABSENT: Director Mark Harrow
OTHERS PRESENT: None
1. CALL TO ORDER
Director Bradley presided over the meeting and called the meeting to order at 7:45 p.m.
2. REVIEW AND APPROVE MINUTES FOR THE MEETING ON JUNE 23, 2015.
MOTION: Director Schornack made a motion to approve the minutes.
Director Malone seconded the motion. The motion carried by a
vote of 5-0.
3. CONSIDER AND TAKE ACTION CONCERNING FUTURE OPERATIONS OF THE
CORPORATION.
MOTION:
No motion required. Director Bradley offered background
information to new board members. The Board members
discussed how the Corporation will move forward after rejecting
the former Executive Director's proposed contract. Following the
former Executive Director's resignation, at the request of the
Board, Director Schornack shadowed the former Executive
Director to learn the operational aspects of the Corporation. The
Board authorized Director Schornack to offer the former Executive
Director $75.00 per hour for any consultation time she needs to
learn about the Corporation's operations.
TSH -Denton Minutes 09/14/15
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4. APPOINT THE FOLLOWING OFFICERS FOR THE CORPORATION: PRESIDENT,
VICE PRESIDENT, SECRETARY AND TREASURER.
MOTION: Director Howard made a motion to elect the same officers for the
Corporation as those elected for the Texas Student Housing Authority at its
meeting held this same date, namely, Scott Bradley as President, Gregg Malone
as Vice President, Tracy Schornack as Secretary, and Bryant Fisher as Treasurer.
Director Malone seconded the motion. The motion carried by a vote of 5-0.
5. CONSIDER AND TAKE ACTION CONCERNING THE POSITION OF EXECUTIVE
DIRECTOR.
Director Bradley recommended that the Corporation hire a full time Executive
Director under a written agreement as may be negotiated by the Texas Student
Housing Authority and approved by the Board of the Corporation. He further
recommended that the Corporation employ Tracy Schornack as interim Executive
Director of the Corporation.
MOTION: Director Fisher made a motion to appoint Tracy Schornack as interim
Executive Director as of September 1, 2015. Director Bradley seconded the
motion. The motion carried by a vote of 5-0.
6. AUTHORIZE SIGNATORIES FOR THE CORPORATION'S BANK ACCOUNTS.
Director Bradley advised that the Corporation's bylaws require that all checks and
bank transfers in amounts over $5,000 must bear the signatures of two officers,
at least one of which must be a Director. The Board discussed that all Board
members and officers should be authorized as signatories on all bank accounts in
order to ensure that sufficient signatures may be obtained without delay in the
daily operations.
MOTION: Director Howard made a motion to authorize each Board member
and the interim Executive Director as a signatory on each of the Corporation's
bank accounts, with two signatures required on any checks or transfers over
$5,000. Director Malone seconded the motion. The motion carried by a vote of 5-
0.
TSHA — Denton Minutes 09/14/15
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7. ADJOURN
The Board having considered all items of business, President Bradley adjourned the
meeting at 7:50 p.m.
APPROVED BY THE TEXAS STUDENT HOUSING AUTHORITY BOARD OF DIRECTORS
ON NOIrrem6e14 12- , 2015.
ATTEST:
(a
`.-SCI1 alk_
Tracy ScI5rnack, Secretary
Scott Bradly, President ()
TSHA — Denton Minutes 09/14/15
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