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HomeMy WebLinkAbout08-05-19 TSH Denton Min TER. STUDENT HOUSING MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF THE TEXAS STUDENT HOUSING CORPORATION — DENTON PROJECT August 5, 2019 99 Trophy Club Drive Trophy Club, TX 76262 PRESENT: Board members Scott Bradley, James Krekow, Paula Petersen, Rich Mueller, Mark Harrow, Katie Kolkmeier, and Executive Director Tracy Harrow. Not in attendance: Board member Randy Quick. 1. CALL TO ORDER. President Bradley called the meeting to order at 7:07 pm. 2. REVIEW AND CONSIDER APPROVAL OF MINUTES FOR THE MEETING HELD MAY 21, 2019. DISCUSSION: Director Mueller made a motion to approve the minutes of the May 21, 2019 meeting. Director Petersen seconded the motion. The motion passed unanimously. 3. RECEIVE UPDATE FROM EXECUTIVE DIRECTOR HARROW ON SCHOLARSHIP COUNT FOR THE RIDGE APARTMENTS. DISCUSSION: Executive Director Harrow shared the latest number of scholarship recipients for the 2019-2020 academic year at The Ridge Apartments. Currently there are twenty-three scholarship recipients, with scholarships valued at $64,260. No action taken. 4. DISCUSS AND CONSIDER APPROVAL OF FISCAL YEAR 2020 BUDGET FOR THE RIDGE APARTMENTS. DISCUSSION: Director Krekow made a motion to approve the budget as presented. Director Harrow seconded the motion. The Board discussed the fiscal year 2020 budget. The motion passed unanimously. Page 1 of 1 S. EXECUTIVE SESSION The TSHA Board convened into executive session at 7:10pm to conduct a closed session pursuant to Texas Government Code, Annotated, Chapter 551, Subchapter D, Section 551.072 for the following: Consultation with attorney whereby the Board seeks advice about deliberation regarding real property: Offers for parcels 107 and 115 pertaining to the TXDOT eminent domain project at The Ridge Apartments 6. RECONVENE MEETING. President Bradley reconvened the meeting at 7:30pm. 7. TAKE ANY ACTION, IF NEEDED, FROM EXECUTIVE SESSION DISCUSSION: No action taken. 8. ADJOURNMENT President Bradley adjourned the meeting at 7:33 pm. APPROVED by the Texas Student Housing Corporation — Denton Project Board of Directors on 2019. Gs-t� Scott Bradley, President ATTEST: Katie Kolkmeier, Secretary Page 2 of 2