HomeMy WebLinkAbout07-09-13 TSHA Min EXAS
STUDENT'-,,HousING
MINUTES OF THE
BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY F THE TOWN OF STLAKE)
July 9, 213
PRESENT: Directors, Scott Bradley, George Ledak and Gregg Malone.
ABSENT: President Jim Carter
OTHERS PRESENT: Executive Director Pete Ehrenberg and Secretary Kelly Edwards.
1. CALL TO ORDER
Director Bradley called the meeting to order at 6:03 p.m.
2. DISCUSSION AND CONSIDERATION AUTHORIZING THE EXECUTIVE
DIRECTOR TO PURSUE ADDITIONAL LITIGATION OPTIONS REGARDING
TEXAS STUDENT HOUSING AUTHORITY v. BRAZOS COUNTY APPRAISAL
DISTRICT AND APPRAISAL REVIEW BOARD FOR BRAZOS COUNTY
APPRAISAL DISTRICT.
Director Ehrenberg provided an overview of options asking for a review of the appellate
court or file with Texas Supreme Court. After discussions with a consulting law firm,
attorney Jim Morris recommends that we proceed directly to the Supreme Court with the
case. Director Ehrenberg also provided an overview of the possible actions that the
court may take and the associated time frames for those actions.
Discussion ensued regarding the options for bond holders, how to proceed with the
scholarships, legal fees, and scheduling a conference call with the bond holder and
attorneys.
OTION: Director Ledak made a motion to authorize the Executive Director
to instruct the attorneys to file an appeal with the Texas Supreme
Court and to sign the engagement letter with Baker Botts, L.L.P.
Director Malone seconded the motion. The motion carried by a
vote of 3-0.
TSHA Min 07/09/13
Page 1 of 2
3. EXECUTIVE DIRECTOR'S REPORT
Director Ehrenberg provided an update regarding the Townlake property stating that
MuniMae sold the bonds to Merrill Lynch. He has requested that the MuniMae
Managing Director, Roxanne Walton, schedule a conference to establish contacts with
Merrill Lynch.
. ADJOURN
Director Bradley asked for a motion to adjourn.
Director Ledak made a motion to adjourn the meeting. Director Malone
seconded the motion. The motion carried by a vote of 3-0.
There being no further business before the board, President Carter declared the meeting
adjourned at 6:27 p.m.
APPROVED THE TEXAS STUD NT USIN AUTHORITY BOARD DIRECTORS
ON OCTOBER 22, 2 013. ,... r �
y FF I'J'.rr Carter, President
ATTEST
s� fir' -�� �' i ;�
` --
Kell� Edwar�, -�, Secretary
TSHA Min 07/09/13
Page 2 of 2