HomeMy WebLinkAbout11-18-00 TSHC Min MINUTES AND CERTIFICATION
On November 18, 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, Dr. Watson, Mr. Schubert
and Ms. Bush. Also present were: Mr. Scott Bradley, Mr. Allen Moon, Mr. Larry
Williamson, Mr. Steve Ross, Mr. Fred Bayliss and Ms. Ginger Crosswy.
President Carter called the meeting to order at 9:15 a.m. Motion by Dr. Brooks,
seconded by Dr. Sharp, to convene into executive session carried unanimously. The
Board convened directly into executive session. Executive session was adjourned at
10:20 a.m. and the Board convened into open session at 10:30 a.m.
There was a lengthy discussion regarding the operations of TSHC facilities, fees
to be charged for TSHC students on scholarship, notice of default and intent to accelerate,
management contract with SSRS, Inc. to operate dormitory facilities owned by TSHC and
other related matters. The consensus of the Board was that Chairman Carter, Mr.
Williamson and Mr. Bradley would call Mr. Leonard Ross directly and gather more
information.
There was a break at 11:30 a.m. and the Board resumed the meeting at 11:45 a.m.
The Board then discussed the current and past year budget with the following motion
being made by Dr. Brooks and seconded by Dr. Sharp: To approve an amended budget
for the fiscal year ending August 30, 2000. There was much discussion as to assuring
that the transaction cost associated with the installation of the fiber system and the cost of
the proposed management agreement were included in the amended budget. The motion
was withdrawn by Dr. Brooks and Dr. Sharp and SSRS, Inc. was then instructed to bring
an amended budget for the fiscal year 1999-2000 to the next meeting for action by the
Board.
There was a motion by Mr. Blake, seconded by Mr. Farhat, to accept the minutes
for the meeting of March 22, 2000, as presented. The motion carried unanimously.
There was a lengthy discussion of various items. Dr. Sharp spoke regarding
hosting the Legislators at the Capital and including some of the students.
Chairman Carter appointed Dr. Sharp to organize and implement this event.
There was a motion by Dr. Brooks, seconded by Mr. Farhat, to adjourn. The
motion carried unanimously. The meeting was then adjourned at 1:52 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 19th day of March, 2001.
ATTEST: ames P. Carter, Pry-dent
GingJ Crosswy, Secret