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HomeMy WebLinkAbout08-17-20 TSHA MinTEXAS 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 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 inetnber Randall Quick. 1. CALL TO ORDER. President Bradley called the meeting to order at 6:30 pm. 2. REVIEW AND CONSIDER APPROVAL OF MINUTES FOR THE MEETING HELD JULY 2, 2020. DISCUSSION: Director Mueller made a motion to approve the minutes of the July 2, 2020 meeting. Director Petersen seconded the motion. The motion passed unanimously. 3. UPDATE FROM EXECUTIVE DIRECTOR HARROW ON THE SCHOLARSHIP COUNT FOR FALL 2020. DISCUSSION: Executive Director Harrow updated the Board on the scholarship count for The Cambridge for Fall 2020. The Cambridge currently has 124 scholarship recipients who have signed a lease. No action taken. 4. DISCUSS AND CONSIDER APPROVAL OF A MERGER BETWEEN TEXAS STUDENT HOUSING AUTHORITY AND TEXAS STUDENT HOUSING CORPORATION. DISCUSSION: The Board discussed a merger between Texas Student Housing Authority and Texas Student Housing Corporation. Director Mueller made a motion to authorize Texas Student Housing Authority to merge with Texas Student Housing Corporation to simplify management and oversight of The Cambridge and The Ridge Apartments. Director Petersen seconded the motion. The motion passed unanimously. S. EXECUTIVE SESSION Page 1 of 1 The TSHA Board convened into executive session at 6:56 pm to conduct a closed session pursuant to Texas Government Code, Annotated, Chapter 551, Subchapter D, Section 551.071 for the following: Consultation with an attorney whereby the Board seeks advice about Bank of New York litigation. The TSHA Board remained in executive session to conduct a closed session pursuant to Texas Government Code, Annotated, Chapter 551, Subchapter D, Section 551.072 for the following: Consultation with an attorney whereby the Board seeks advice concerning legal issues involving the management and funding of The Cambridge. 6. RECONVENE MEETING. President Bradley reconvened the meeting at 7:08 pm. 7. TAKE ANY ACTION, IF NEEDED, FROM EXECUTIVE SESSION DISCUSSION: No action taken. 8. ADJOURNMENT President Bradley adjourned the meeting at 7:10 pm. APPROVED by the Texas Student Housing Authority Board of Directors on G�LI- Scott Bradley, President ATTEST: Katie Kolkmeier, Secretary Page 2 of 2