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HomeMy WebLinkAbout12-07-17 TSHA Min TEXASIW STUDENT HOUSING MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF THE TEXAS STUDENT HOUSING AUTHORITY (AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE) December 7, 2017 99 Trophy Club Drive Trophy Club, TX 76262 PRESENT: Board members Scott Bradley, Mark Harrow, Randy Quick, Paula Petersen, James Krekow, Katie Kolkmcier and Executive Director Tracy Harrow. Not in attendance: Trish Howard. 1. CALL TO ORDER. President Bradley called the meeting to order at 6:33 pm. 2. REVIEW AND APPROVE MINUTES FOR THE MEETING HELD NOVEMBER 9, 2017. DISCUSSION: Director Petersen made a motion to approve the minutes of the November 9, 2017 meeting. Director Quick seconded the motion. The motion carried unanimously. 3. DISCUSS AND TAKE ACTION ON ANY OPERATIONAL ISSUES FOR THE CAMBRIDGE. DISCUSSION: Jason Ford and Kyle Nail from Asset Campus Housing presented the Board with data on the current rental rates of other properties in College Station that indicate that the rental rates for next year at The Cambridge should be reduced. The Board requested additional information on the projected operational budget for The Cambridge with these proposed reduced rates. President Bradley moved for a temporary approval of the reduced rates until the Board has reviewed the projected budgets using the reduced rates. Director Quick seconded this motion. The motion passed unanimously. Jason Ford and Kyle Nail also provided an update on recent operational concerns with food service at The Cambridge. No action taken. Page 1 of 2 4. ADJOURNMENT President Bradley adjourned the meeting at 7:27 pm. APPROVED by the Texas Student Housing Authority Board of Directors on J ahyan4 23 12018. Scott Bradley, President ATT/EST: I / k� fC Katie Kolkmeier, Secretary Page 2 of 2