HomeMy WebLinkAboutRes 11-29 Authorizing Submittal of an Invoice to Texas Student Housing Authority TOWN OF WESTLAKE
RESOLUTION 11-29
A RESOLUTION BY THE TOWN COUNCIL OF THE TOWN OF WESTLAKE,
TEXAS, AUTHORIZING THE TOWN MANAGER TO SUBMIT AN INVOICE FOR
MANAGEMENT OVERSIGHT FEES TO THE TEXAS STUDENT HOUSING
AUTHORITY.
WHEREAS, the Westlake Town Council's Approved Strategic Plan is centered around a
vision statement that identifies leadership as an important component of the Town's future as
well as its community identity; and,
WHEREAS, this vision component of leadership has been expressed in a number of
ways since the Town of Westlake's inception, including the establishment of the Texas Student
Housing Authority (TSHA) to promote higher education for Texas children through the
provision of college housing scholarships; and
WHEREAS, TSHA has been successful in achieving its intended purpose; the
management oversight the costs for which TSHA has previously paid to the Town of Westlake
on a periodic basis; and
WHEREAS, Town of Westlake has not been paid a management oversight fee by
TSHA in the past four (4) fiscal years and the Town Council wishes to receive said management
oversight fees for that time period at $100,000 annually for a total invoice amount of$400,000
for the time period of FY 07-08 through FY 10-11; and
WHEREAS, the Town Council finds that the passage of this Resolution is in the best
interest of the citizens of Westlake.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN
OF WESTLAKE, TEXAS:
SECTION 1: THAT, all matters stated in the Recitals hereinabove are found to be true
and correct and are incorporated herein by reference as if copied in their entirety.
SECTION 2: THAT, the Town Council of the Town of Westlake, Texas, hereby
authorizes the Town Manager to submit an invoice to the TSHA Board of Directors for their
consideration in the amount cited above in this resolution's recitals on behalf of the Town of
Westlake.
SECTION 3: THAT, said management oversight fee, once received by the Town of
Westlake, will be reserved only by the Town Council for uses only approved by the Town
Council.
Resolution 11-29
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SECTION 4: If any portion of this Resolution shall, for any reason, be declared invalid
by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions
hereof and the Council hereby determines that it would have adopted this Resolution without the
invalid provision.
SECTION 5: That this resolution shall become effective from and after its date of
passage.
PASSED AND APPROVED ON THIS 3Ri) DAY OF OCTOBER, 2011..
N
OF
LaurWheat, Mayor
ATTEST: '••
r'F%C A S
KellEdwalids, Town Secretary Thomas E. Bryme , To n Manager
APPROV , , .1S T RM:
tanton(2 o ;Attorney
Resolution 11-29
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