HomeMy WebLinkAbout09-14-15 TSHA MinExA
TUDENT Fiou
NG
MINUTES OF THE
BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
September 14, 2015
PRESENT: Directors Scott Bradley, Gregg Malone, Bryant Fisher, Tracy Schornack, and Trish
Howard.
ABSENT:
Director Mark Harrow
OTHERS PRESENT: None
. CALL TO ORDER
Director Bradley acted as chair and called the meeting to order at 6:03 p.m.
2. REVIEW AND APPROVE MINUTES FOR THE MEETING ON AUGUST 13, 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
AUTHORITY.
MOTION:
No motion required. Director Bradley offered background
information to new board members. The Board members
discussed how the Authority 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, Secretary Schornack shadowed the former Executive
Director to learn the operational aspects of the Authority,
including the scholarship program. The Board authorized Director
Schornack to offer the former Executive Director $75.00 per hour
TSHA Min 09/14/15
Page 1 of 3
for any further consultation time she needs to learn about the
operations of the Authority.
4. APPOINT THE FOLLOWING OFFICERS FOR THE AUTHORITY: PRESIDENT, VICE
PRESIDENT, SECRETARY AND TREASURER.
MOTIONS: Director Malone made a motion to elect Scott Bradley as President.
Director Fisher seconded the motion. The motion carried by a vote of 5-0.
Director Schornack made a motion to elect Gregg Malone as Vice President.
Director Howard seconded the motion. The motion carried by a vote of 5-0.
Director Bradley made a motion to elect Tracy Schornack as Secretary. Director
Howard seconded the motion. The motion carried by a vote of 5-0. Director
Bradley made a motion to elect Bryant Fisher as Treasurer. Director Howard
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 Board hire a full time Executive Director
under a written agreement to be approved by the Board. He further
recommended that the Authority employ Director Schornack as interim Executive
Director while the Board negotiates a written employment agreement
contemplating Ms. Schornack's employment by the Board as the Executive
Director.
MOTION: Director Bradley made a motion (a) to appoint Director Schornack as
interim Executive Director effective as of September 1, 2015, and to compensate
her at the same rate as the most recent salary paid to the former Executive
Director; and (b) to initiate negotiations with Tracy Schornack contemplating a
written agreement for her employment as the Executive Director. Director Fisher
seconded the motion. The motion carried by a vote of 5-0.
6. AUTHORIZE SIGNATORIES FOR THE AUTHORITY'S BANK ACCOUNTS.
Director Bradley advised that the Authority'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 the need for
transparency in the Authority's financial dealings and directed the interim
Executive Director to copy bank statements each month and promptly email
them to all Board members. The Board also suggested that the Executive
Director and 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.
TSHA Min 09/14/15
Page 2 of 3
MOTION: Director Bradley made a motion to authorize each Board member
and the Executive Director as a signatory on each of the Authority's bank
accounts, with two signatures required on any checks or transfers over $5,000.
Director Fisher seconded the motion. The motion carried by a vote of 5-0.
7. ADJOURN
The Board having considered all items of business, President Bradley adjourned the
meeting at 7:43 pm.
APPROVED BY THE TEXAS STUDENT HOUSING AUTHORITY BOARD OF DIRECTORS
ON VV?6,sR- I Z-, 2015.
ATTEST:
)rik
Tracy hornack, Secretary
Scott Bra ley, President (J
TSHA Min 09/14/15
Page3of3