HomeMy WebLinkAbout05-18-16 TSHA MinTEXAS •
STUDENT ,NT HOUSING
MINUTES OF THE MEETING OF
THE BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE) HELD MAY 18, 2016 AT
99 Trophy Club Drive
Trophy Club, TX 76262
PRESENT:
OTHERS PRESENT:
1. CALL TO ORDER
Board members Scott Bradley, Mark Harrow, Bryant Fisher,
Randy Quick & Executive Director Tracy Schomack.
None
President Bradley called the meeting to order at 6:02 p.m.
2. REVIEW AND APPROVE MINUTES FOR THE MEETING ON APRIL 21, 2016.
MOTION:
Director Bradley made a motion to approve the minutes of the
April 21, 2016 meeting with the typos corrected. Director Fisher
seconded the motion. The motion carried by a vote of 4-0.
3. RECEIVE UPDATES FROM EXECUTIVE DIRECTOR ON OPERATIONS.
DISCUSSION: Director Schomack discussed P&Ls & scholarship count for each
property.
4. RECEIVE UPDATES BRYANT FISHER REGARDING SMARTBOARDS FOR
WESTLAKE AND DISCUSS.
DISCUSSION: Director Bryant Fisher discussed briefly that he will meet with his
Westlake Academy contact next week to discuss procedure on bids
for white boards at Westlake Academy.
Page 1 of 2
5. CONSIDER AND TAKE ACTIONS CONCERNING EXISTING FINANCING OF
CAMBRIDGE AND TOWNLAKE PROJECTS.
DISCUSSION: Director Quick discussed Town Lake letters from MMA capital.
President Bradley discussed Town Lake proposal to Al Bond Holders.
Director Quick discussed options for refinancing bonds. TSHA Board to
address letters from MMA and respond accordingly.
6. CONSIDER AND TAKE ACTION CONCERNING FUTURE OPERATIONS
INCLUDING A REVISED BUDGET.
DISCUSSION: TSHA Board decided to table discussions on the revised budget for the
Cambridge project pending discussions with Asset Campus.
7. ADJOURN.
Motion to adjourn was made by Director Quick and seconded by
Director Harrow. Motion was unanimously agreed to 4-0. Meeting
adjourned at 7:59 p.m.
APPROVED by the Texas Student Housing Authority Board of Directors on
2-14/1cl-e , 2016.
ATTEST:
Trish Howard, Secretary
/2-0-eltsea
Scott Bradley, President
Page 2 of 2
TE .AS
STUDENT HOUSING
MINUTES OF THE MEETING OF
THE BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE) HELD MAY 18, 2016 AT
Westlake Town Hall
99 Trophy Club Drive
Trophy Club, TX 76262
PRESENT: Board members Scott Bradley, Mark Harrow. Bryant Fisher,
Randy Quick & Executive Director Tracy Schornack.
OTHERS PRESENT: None
1. CALL TO ORDER
President Bradley called the meeting to order at 6:02 p.m.
2. REVIEW AND APPROVE MINUTES FOR THE MEETING ON APRIL 21, 2016.
MOTION: Director Bradley made a motion to approve the minutes of the
April 21, 2016. meeting with the typos corrected. Director Fisher
seconded the motion. The motion carried by a vote of 4-0.
3. RECEIVE UPDATES FROM EXECUTIVE DIRECTOR ON OPERATIONS.
DISCUSSION: Director Schornack discussed P&Ls & scholarship count for each
property.
4. RECEIVE UPDATES BRYANT FISHER REGARDING SMARTBOARDS FOR
WESTLAKE AND DISCUSS.
DISCUSSION: Director Bryant Fisher discussed briefly that he will meet with his
Westlake Academy contact next week to discuss procedure on bids
for white boards at Westlake Academy.
Page 1 of 2
5. CONSIDER AND TAKE ACTIONS CONCERNING EXISTING FINANCING OF
CAMBRIDGE AND TOWNLAKE PROJECTS.
DISCUSSION: Director Quick discussed Town Lake letters from MMA capital.
President Bradley discussed Town Lake proposal to Al Bond Holders.
Director Quick discussed options for refinancing bonds. TSHA Board to
address letters from MMA and respond accordingly.
6. CONSIDER AND TAKE ACTION CONCERNING FUTURE OPERATIONS
INCLUDING A REVISED BUDGET.
DISCUSSION: TSHA Board decided to table discussions on the revised budget for the
Cambridge project pending discussions with Asset Campus.
7. ADJOURN.
Motion to adjourn was made by Director Quick and seconded by
Director Harrow. Motion was unanimously agreed to 4-0. Meeting
adjourned at 7:59 p.m.
APPROVED by the Texas Student Housing Authority Board of Directors on
,. ' 2016.
Scott Bradley, President
ATTEST:
C-17;04-\
Trish Howard, Secretary
Page 2 of 2