HomeMy WebLinkAbout01-26-00 TSHC Min MINUTES AND CERTIFICATION
On January 26, 2000, the Board of Directors (the "Board") of the Texas Student
Housing Corporation (the "TSHC") 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
Annette Bush Treasurer
Dr. Forrest Watson Member
Charles Bradberry Member
Dr. Patsy Sharp Member
Dr. John Brooks Member
Dr. Ted Gillum Member
Carroll Schubert Member
Mike Farhat Member
all of whom were present except Dr. Gillum, Mr. Bradberry and Mr. Schubert. Also
present were; Mr. Scott Bradley, Mr. Trent Petty, Mr. Allen Moon, Mr. Larry
Williamson, Mr. Steve Ross, Mr. Fred Bayliss, Mr. Jeffrey S. Collins and Ms. Ginger
Crosswy.
President Carter called the meeting to order at 6:39 p.m.
Mr_ Ross introduced Mr. Jeffrey Collins, of Cybercom Internet Providers, to the
Board. Mr. Collins made a presentation on rewiring the University Tower for a new
phone system and internet connections. At this time President Carter called a recess to
allow everyone to have dinner. Upon reconvening there was a lengthy question and
answer session Mr. Steve Ross told the Board that the University Tower was in need of
an update of the security system. The residents are having problems with the current
card system. There was a motion by Dr. Watson, seconded by Dr. Brooks, to approve the
acquisition and financing of the telecommunications and/or security systems for the
University Tower up to $500,000.00, subject to the approval of the President or the Vice-
President, the General Counsel, Finance Counsel and Financial Advisor, and to authorize
the President and Vice President to take appropriate action to effect the transaction upon
the receipt of a legal opinion as to the validity of the transaction. The motion carried
unanimously. Mr. Allen Moon suggested "subject to an agreement from Leonard Ross
to subordinate his finance stream" should be added to the motion. Mr. Moon was
assured that the motion as stated was broad enough to cover this and the motion stood as
made.
There was a motion by Dr. Brooks, seconded by Ms. Bush, to accept the minutes
for the meetings of October 20, 1999 and September 22, 1999, as presented. The motion
carried unanimously.
Ms. Bush, the Treasurer, gave her report.
Mr. Carter stated that since Mr. Bill Davis could not attend tonight, the budget
would be tabled until the next meeting.
Mr. Bradley updated the Board on the tax situation concerning the College Station
properties and the Austin properties.
Mr. Carter started a discussion concerning the attendance requirements and
amending those to only apply to persons living within fifty miles of the meeting place.
Mr. Carter also suggested that the Board consider adding more members since we have a
new Superintendent for the Northwest ISD. Mr. Carter asked the Board's opinion on
setting up another meeting in College Station to have lunch with the scholarship
recipients. The Board was in favor of scheduling this meeting for either late February
or early March.
Ms. Bush gave an update on obtaining a plaque for Representative Vicki Truitt.
The meeting was then adjourned at 8:43 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 22 day of March, 2000,
ATTEST: J es P. C •er, President
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ing Crosswy, Secr ry