HomeMy WebLinkAbout05-21-19 TSHA Min STUDENT HOUSING
MINUTES OF THE MEETING OF
THE BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
May 21, 2019
99 Trophy Club Drive
Trophy Club, TX 76262
PRESENT: Board members Scott Bradley, Mark Harrow, lames Krekow,
Richard Mueller, Katie Kolkmeier, Paula Petersen and Executive
Director Tracy Harrow.
1. CALL TO ORDER.
President Bradley called the meeting to order at 6:33 pm.
2. REVIEW AND CONSIDER APPROVAL OF MINUTES FOR THE MEETING HELD
FEBRUARY 20, 2019.
DISCUSSION: Director Harrow made a motion to approve the minutes of the
February 20, 2018 meeting. Director Krekow seconded the motion. The
motion carried 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. No action taken.
4. REVIEW AND CONSIDER APPROVAL OF THE CAMPUS ADVANTAGE CATALYST
MARKETING PLAN FOR THE CAMBRIDGE.
DISCUSSION: Executive Director Harrow shared the Campus Advantage Catalyst
Marketing Plan. Director Quick made a motion to authorize President
Bradley and Executive Director Harrow to initiate a study of marketing
alternatives for The Cambridge property. Director Petersen seconded
the motion. The motion passed unanimously.
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S. DISCUSS RESULTS OF THE MOTION TO DISMISS TRIAL WITH BANK OF NEW
YORK MELLON.
DISCUSSION: Executive Director Harrow shared that the motion was not filed and a
trial is set in Dallas for November 11, 2019.
6. EXECUTIVE DIRECTOR HARROW TO PRESENT THE ACTION PLAN FROM
OPPENEHEIMER TO MONITOR CASH FLOW, OCCUPANCY, AND BUDGETED
EXPENSES.
DISCUSSION: Executive Director Harrow shared the action plan from Oppenheimer to
monitor cash flow, occupancy, and budget expenses. The Board
discussed making a request to the property manager of The
Cambridge for a full accounting of marketing and promotion
expenditures, including copies of all invoices and receipts.
7. EXECUTIVE SESSION.
The TSHA Board convened into executive session at 7:54pm. to conduct a closed session
pursuant to Texas Government Code, Annotated, Chapter 551,
Subchapter D, Section 551.074(a)(1) for the following: Deliberation
Regarding Personnel Matters — to deliberate the appointment,
employment, evaluation, reassignment, duties, of a public officer or
employee: Executive Director performance and salary evaluation
B. RECONVENE MEETING.
President Bradley reconvened the meeting at 8:35pm.
9. TAKE ANY ACTION, IF NEEDED, FROM EXECUTIVE SESSION ITEMS.
DISCUSSION: A motion was made by President Bradley to approve a salary raise for
Executive Director Harrow. The motion was seconded by Director
Petersen. The motion passed unanimously with Director Harrow
abstaining.
10. ADJOURNMENT.
President Bradley adjourned the meeting at 8:38 pm.
APPROVED by the Texas Student Housing Authority Board of Directors on
2019.
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Sco Bradley, Presid t
ATTEST:
Katie Kolkmeier, Secretary
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