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HomeMy WebLinkAbout04-21-03 TSHA Min MINUTES AND CERTIFICATION On April 21, 2003, the Board of Directors (the `Board") of the Texas Student Housing Authority 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 Vacant Treasurer Dr. Forrest Watson Member Becky Rogers Member Dr. John Brooks Member Michelle Corson Member all of whom were present except Dr. Watson, and Mr. Blake. Also present were: Mr. Allen Moon, Mr. Bill Moon, Mr. Larry Williamson, Mr. Scott Bradley, Mr. Hank Smyth and Ms. Ginger Crosswy. President Carter called the meeting to order at 6:05 p.m. Ms. Bush was unable to attend tonight's meeting. The representatives from JPI were not in attendance. There was a motion by Ms. Rogers, seconded by Ms. Corson, to approve JPI's request to cross-market the Town Lake property at the Ballpark. There was no discussion and the motion carried unanimously. The proposed budget was tabled until the next meeting. There was no executive session needed. Mr. Allen Moon made a short presentation regarding the Capstone property in Austin that the Board is considering. Mr. Moon told the Board that the appraisal should be in soon and the Board should have the letter of intent to consider at the next meeting. There was a motion by Ms. Rogers, seconded by Ms. Corson, to approve the minutes of the meeting held on March 31, 2003 as presented. There was no discussion and the motion carried unanimously. r Mr. Smyth, the Executive Director, gave the Board information regarding the incremental scholarships with a value of either $2500.00 or $3000.00. The Board consensus was to award the $3000.00 value scholarships at all facilities. There was a long discussion concerning the incremental scholarships with several questions being asked and answered. The students may attend any college or university in the area of the facility. There was a discussion regarding bank accounts and investment accounts and appointing a new Treasurer to replace Ms. Bush at the next meeting. President Carter suggested that maybe the Board would like to appoint an audit committee. At this time Ms. Mary Midgette joined the meeting and there was a short discussion regarding the balancing of the bank accounts assuring her that no one had accused anyone of any misdeeds. Ms. Midgette was thanked for her service to the Board and everyone wished her good luck in her new position. Ms. Midgette then left the meeting. Review applications and award incremental scholarships to Jefferson Commons at the Ballpark in Austin and the Cambridge at College Station for school year 2003-04. The Board will consider this item later in the meeting. There were no bills to consider. At this time Mr. Williamson spoke to the Board regarding the policy of paying consultants either when a deal is made or by an hourly rate. The Board agreed that they would rather pay a contingency fee when the deal closed. Mr. Williamson told the Board that he is working on another deal in Austin and was checking to see how he should bill this project, but since this is the preference of the Board he would be paid $125,000.00 if and when the deal closed. The meeting was recessed at 7:17 p.m. and reconvened at 8:20 p.m. During this break the Board evaluated the applications to determine the best candidates for the scholarships and Mr. Williamson, Mr. Allen Moon and Mr. Bill Moon left the meeting. There was a motion by Dr. Brooks, seconded by Ms. Rogers, to award the following incremental scholarships to Jefferson Commons at the Ballpark in Austin for school year 2003-04: Jennifer Crane Fossil Ridge High School Anh My Lac Fossil Ridge High School Nicole McBride Fossil Ridge High School Lyndsay Taylor Fossil Ridge High School Johnny Vaquiz Fossil Ridge High School Angela Honoman Carroll High School Richard Schultz Carroll High School Maximilian Schwartzstein Carroll High School Grant Boroughs Keller High School Rebekah Buchanan Keller High School Amanda Garza Keller High School Susan Karingattil Keller High School Jeremy Evans Grapevine High School Loren Fowler Grapevine High School Ronul Patel Grapevine High School Caroline Lewis Colleyville Heritage High School There was no discussion and the motion carried unanimously. There was a motion by Dr. Brooks, seconded by Ms. Rogers, to award the following incremental scholarships to The Cambridge at College Station for school year 2003-04: Nathan Harney Fossil Ridge High School Elizabeth Clark Carroll High School James Davis Northwest High School Sarah Lowery Birdville High School Shannon Potysman Birdville High School Jennifer Larose Grapevine High School Jack Moore Grapevine High School David Popelka Grapevine High School Robert Black Keller High School Angela Blackstock Keller High School Matthew Fowler Keller High School Ryan Frantzich Keller High School Justin Gresham Keller High School Kristen Holash Keller High School Bradley Leonard Keller High School There was no discussion and the motion carried unanimously. There being no further business the meeting was adjourned at 8:21 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 d day of May 2 ATT ST: A �Ont mes P. Carter, P Ginge Crosswy, Sec ary