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HomeMy WebLinkAbout08-17-20 TSH Denton MinTEXAS STUDENT HOUSING MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF THE TEXAS STUDENT HOUSING CORPORATION — DENTON PROJECT August 17, 2020 99 Trophy Club Drive Trophy Club, TX 76262 PRESENT: Board members Scott Bradley, Mark Harrow, Paula Petersen, Katie Kolkmeier, Rich Mueller, James Krekow, and Executive Director Tracy Harrow. Not present: Board member Randall Quick. 1. CALL TO ORDER. President Bradley called the meeting to order at 7:11 pm. 2. REVIEW AND CONSIDER APPROVAL OF MINUTES FOR THE MEETING HELD JULY 2, 2020. DISCUSSION: Director Petersen made a motion to approve the minutes of the July 2, 2020 meeting. Director Harrow seconded the motion. The motion passed unanimously. 3. UPDATE FROM EXECUTIVE DIRECTOR HARROW ON THE SCHOLARSHIP COUNT FOR FALL 2020 AT THE RIDGE APARTMENTS. DISCUSSION: Executive Director Harrow updated the Board on the scholarship count for The Ridge Apartments for Fall 2020. The Ridge Apartments currently have 15 scholarship recipients who have signed leases. No action taken. 4. REVIEW AND CONSIDER APPROVAL OF BUDGET FOR THE RIDGE APARTMENTS FOR FY 2021. DISCUSSION: Executive Director Harrow provided the proposed budget for The Ridge Apartments for fiscal year 2021 for the Board to review. Director Harrow made a motion to approve the FY 2021 budget for The Ridge Apartments. Director Krekow seconded the motion. The motion passed unanimously. S. EXECUTIVE SESSION The Texas Student Housing Corporation — Denton Project Board convened into executive session at 7:21pm to conduct a closed session pursuant to Texas Page 1 of 1 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 7:27pm. 7. TAKE ANY ACTION, IF NEEDED, FROM EXECUTIVE SESSION DISCUSSION: No action taken. 8. ADJOURNMENT President Bradley adjourned the meeting at 7:28 pm. APPROVED by the Texas Student Housing Corporation — Denton Project Board of Directors on ATTEST: Katie Kolkmeier, Secretary '--j7c�a� X�A- . Scott Bradley, President Page 2 of 2