HomeMy WebLinkAbout08-16-18 TSHA Min TT-As S
STUDENT HouSING
MINUTES OF THE MEETING OF
THE BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
August 16, 2018
99 Trophy Club Drive
Trophy Club, TX 76262
PRESENT: Board members Scott Bradley, James Krekow, Randy Quick, Mark
Harrow, Katie Kolkmeier and Executive Director Tracy Harrow. Also in
attendance was Rich Mueller, who has been proposed for appointment to
the Board. Not in attendance: Board member Paula Peterson.
1. CALL TO ORDER.
President Bradley called the meeting to order at 6:34 pm.
2. REVIEW AND CONSIDER APPROVAL OF MINUTES FOR THE MEETING HELD
JUNE 26, 2018.
DISCUSSION: Director Quick made a motion to approve the minutes of the
June 26, 2018 meeting. Director Harrow seconded the motion. The
motion passed unanimously.
3. UPDATE FROM EXECUTIVE DIRECTOR HARROW ON SCHOLARSHIP COUNT 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 currently has one hundred and
six scholarship recipients, with scholarships valued at $322,400.00 and
Town Lake currently has forty-four scholarship recipients, with
scholarships valued at $116,740. No action taken.
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4. UPDATE FROM EXECUTIVE DIRECTOR HARROW ON ONGOING ITG
LITIGATION.
DISCUSSION: Executive Director Harrow stated that mediation has been scheduled for
October 22 and the trial date is now set for January 7, 2019. Executive
Director Harrow also shared that TSHA has filed a motion for summary
judgement. No action taken.
5. DISCUSS AND CONSIDER APPROVAL OF FISCAL YEAR 2019 BUDGET FOR THE
CAMBRIDGE.
DISCUSSION: The Board discussed the details of the fiscal year 2019 budget for The
Cambridge that was drafted by Asset Campus Housing, the manager of
the project. Director Quick moved that this line item be modified to
$2,821 pending finalization of the ongoing negotiations with ACH for
the reduction of its management fees. Director Krekow seconded the
motion. After further extensive discussion, the motion passed
unanimously.
6. DISCUSS AND CONSIDER APPROVAL OF FISCAL YEAR 2019 BUDGET FOR
TSHA.
DISCUSSION: Director Krekow made a motion to approve the budget as presented.
Director Quick seconded the motion. The Board discussed the fiscal
year 2019 budget for TSHA. The motion passed unanimously.
7. ADJOURNMENT
President Bradley adjourned the meeting at 7:24 pm.
APPROVED by the Texas Student Housing Authority Board of Directors on
NOVGbe� 2018.
Scott Bradle President
ATTEST: ,
KCatb kw�
Katie Kolkmeier, Secretary
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