HomeMy WebLinkAbout07-29-04 TSHA Min MINUTES AND CERTIFICATION
On July 29, 2004, the Board of Directors (the "Board") of the Texas Student
Housing Authority ("TSH") 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
Bill Branum Member
Jac Irvine Member
Becky Rogers Member
Jill McKean Member
Vacant Member
all of whom were present except Mr. Carter and Ms. McKean. Also present were: Mr.
Scott Bradley, Mr. Hank Smyth,Mr. Allen Moon, Mr. Pete Ehrenberg, and Ms.
Ginger Crosswy.
Vice President Blake called the meeting to order at 5:55 p.m. Mr. Smyth told
the Board that this meeting is to consider the budgets that have been reworked according
to the Board's direction at the last meeting.
There was a motion by Mr. Irvine, seconded by Ms. Rogers,to approve the
minutes of the meeting held on July 19, 2004 as presented. There was no discussion and
the motion carried with three votes and Mr. Branum abstained.
Mr. Smyth asked Mr. Ehrenberg to present the budget for the Cambridge in
College Station. Mr. Ehrenberg presented the budget, telling the Board that the
Cambridge budget is based on 98 % occupancy. After several questions there was a
motion by Ms. Rogers, seconded by Mr. Irvine, to adopt the 2004-05 budget for the
Cambridge in College Station. There was no discussion and the motion carried
unanimously.
Mr.Ehrenberg then presented the budget for the Ballpark in Austin, telling the
Board that this budget is based on 85% occupancy. There was a lengthy question and
answer session with staff recommending approval. There was a motion by Mr. Irvine,
seconded by Ms. Rogers, to adopt the 2004-05 budget for the Ballpark. There was no
further discussion and the motion carried unanimously.
The meeting recessed at 6:35 p.m. and reconvened at 7:21 p.m.
Mr. Smyth and Mr. Ehrenberg presented the budget for Town Lake to the Board.
Mr. Smyth told the Board that TSH has reworked this budget because the occupancy
numbers used by JPI in their proposed budget were not realistic. The budget the Board
is asked to approve is based on 81% occupancy and the JPI budget is based on 91%.
After a short question and answer session there was a motion by Mr. Irvine, seconded by
Ms. Rogers,to adopt the 2004-05 budget for Town Lake based on 81% occupancy rates.
There was no further discussion and the motion carried unanimously.
There was a motion by Mr. Irvine, seconded by Ms. Rogers, to pay an invoice
from the Comptroller Group in the amount of$12,344.00 for accounting work done in
connection with the audit. There was no further discussion and the motion carried
unanimously.
The meeting recessed at 7:55 p.m. and reconvened at 7:57 p.m.
Mr. Ehrenberg told the Board there is a charge from the attorneys that handled the
Helena Newman litigation that he recommends paying, but instructing ACH to refund
this amount to the TSH out of the operating budget for the Ballpark. There was a motion
by Mr. Branum, seconded by Mr. Irvine, to pay this invoice. There was no discussion and
the motion carried unanimously.
There was a motion by Mr. Branum, seconded by Mr. Irvine, to pay an invoice
from the Town of Westlake in the amount of$3703.28 for office rent covering the time
period of 12/1/03 thru 7131/04. There was no discussion and the motion carried
unanimously.
Mr. Smyth gave an update on the preparations for the TSH Scholarship Reception
to be held on Sunday, August 8.
At this time Ms. Crosswy was asked to leave the room as the Board wanted to
discuss her departure.
There being no further business the meeting was adjourned at 8:35 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 30th day of August 2004.
ATTEST: q
Worth Blake, Vice President
inge rosswy, Secret