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HomeMy WebLinkAbout04-19-18 TSHA Min TER STUDENT HOUSING MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF THE TEXAS STUDENT HOUSING AUTHORITY (AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE) April 19, 2018 99 Trophy Club Drive Trophy Club, TX 76262 PRESENT: Board members Scott Bradlev, James Krekow, Randy Quick, Paula Peterson, Katie Kolkmeier and Executive Director Tracy Harrow. Not in attendance: Trish Howard and Mark Harrow 1. CALL TO ORDER. President Bradley called the meeting to order at 6:30 pm. 2. REVIEW AND APPROVE MINUTES FOR THE MEETING HELD FEBRUARY 6, 2018. DISCUSSION: Director Krekow made a motion to approve the minutes of the February 6, 2018 meeting. Director Kolkmeier seconded the motion. The motion passed 3-0 with two absentions from Director Quick and Director Peterson, due to their absence at the Februray 6, 2018 meeting. 3. RECEIVE UPDATE FROM EXECUTIVE DIRECTOR HARROW ON SCHOLARSHIP COUNT AND VALUE FOR THE CAMBRIDGE AND TOWN LAKE. DISCUSSION: Executive Director Harrow shared the latest number of scholarship recipients for the 2018-2019 academic year at The Cambridge and Town Lake properties. The Cambridge will have one hundred and forty- eight scholarship recipients, valued at $440,880.00 and Town Lake will have forty-six scholarship recipients, valued at $116,160. Executive Director Harrow also shared that nineteen Westlake Academy students will receive scholarships from TSHA this year. No action taken. 4. RECEIVE UPDATE FROM EXECUTIVE DIRECTOR HARROW ON PENDING LITIGATION BETWEEN THE CAMBRIDGE AND ITG. Page 1 of 2 DISCUSSION: Executive Director Harrow stated that depositions are ongoing in the litigation between The Cambridge and ITG, and that a September trial date is anticipated. No action taken. S. DISCUSS AND CONSIDER APPROVAL OF THREE SCHOLARSHIP RECIPIENTS REQUESTING INCREASED SCHOLARSHIP AMOUNTS FOR HOUSING AT THE CAMBRIDGE. DISCUSSION: Executive Director Harrow shared requests from three students to increase scholarship amounts for housing at The Cambridge. No action was taken and the matter was tabled pending further investigation of the matter. 6. RECEIVE UPDATE FROM EXECUTIVE DIRECTOR HARROW ON THE CAMBRIDGE ROOF REPLACEMENT. DISCUSSION: Executive Director Harrow provided an update that hail damage was discovered at The Cambridge and was evaluated by the insurance company. A total loss was determined by the insurance company and final approval for a new roof should be finalized in coming days. Asset Campus will then start getting vendor bids to complete the replacement of the roof. No action taken. 7. RECEIVE UPDATE FROM EXECUTIVE DIRECTOR HARROW ON THE ON-SITE INSPECTION OF TOWN LAKE APARTMENTS. DISCUSSION: Executive Director Harrow updated the Board on her observations during a recent on-site inspection of Town Lake Apartments. Executive Director Harrow stated that a number of outdoor spaces, including the pool, volleyball court, and basketball court have been renovated. Executive Director Harrow also shared that the fitness center and lobby received a renovation. No action taken. 8. ADJOURNMENT President Bradley adjourned the meeting at 7:18 pm. APPROVED by the Texas Student Housing Authority Board of Directors on J 12018. Scotts Bradley, ATTEST: /d LL Katie Kolkmeier, Secretary Page 2 of 2