HomeMy WebLinkAbout10-21-20 TSH Denton MinTEXAS I
STUDENT HOUSING
MINUTES OF THE MEETING OF
THE BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING CORPORATION — DENTON PROJECT
October 21, 2020
ONE PAIGEBROOKE
WESTLAKE, TX 76262
PRESENT: Board members Scott Bradley, Mark Harrow, Paula Petersen, Katie
Kolkmeier, James Krekow, and Executive Director Tracy Harrow. Not
present: Board members Rich Mueller and Randall Quick.
1. CALL TO ORDER.
President Bradley called the meeting to order at 7:00 pm.
2. REVIEW AND CONSIDER APPROVAL OF MINUTES FOR THE MEETING HELD
SEPTEMBER 28, 2020.
DISCUSSION: Director Krekow made a motion to approve the minutes of the
September 28, 2020 meeting. Director Petersen seconded the motion.
The motion passed unanimously. President Bradley and Director
Kolkmeier abstained from voting due to their absence at the September
28 meeting.
3. REVIEW AND CONSIDER APPROVAL OF AN AMENDED OPERATING BUDGET FOR
THE RIDGE APARTMENTS FOR THE FISCAL YEAR ENDING AUGUST 31, 2020.
DISCUSSION: Director Harrow made a motion to approve the amended budget for
November and December 2020 only. Director Petersen seconded the
motion. The motion passed unanimously.
4. REVIEW AND CONSIDER APPROVAL OF A PROPERTY MANAGEMENT
AGREEMENT WITH AMERICAN CAMPUS COMMUNITIES FOR THE RIDGE
APARTMENTS.
DISCUSSION: Director Harrow made a motion to authorize President Bradley and
Executive Director Harrow to approve the final contract with American
Campus Communities, subject to getting remaining open business items
negotiated. Director Petersen seconded the motion. The motion passed
unanimously.
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S. DISCUSS AND CONSIDER APPROVAL OF A MERGER BETWEEN TEXAS STUDENT
HOUSING AUTHORITY AND TEXAS STUDENT HOUSING CORPORATION.
DISCUSSION: Director Petersen made a motion to approve the concept of the merger,
subject to negotiation of a definitive agreement. Director Krekow
seconded the motion. The motion passed unanimously.
6. EXECUTIVE SESSION
The TSHA Board convened into executive session at 7:10 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 offers to refinance
existing debt for The Ridge Apartments
7. RECONVENE MEETING.
President Bradley reconvened the meeting at 7:12 pm.
8. TAKE ANY ACTION, IF NEEDED, FROM EXECUTIVE SESSION
DISCUSSION: No action taken.
9. ADJOURNMENT
President Bradley adjourned the meeting at 7:13 pm.
APPROVED by the Texas Student Housing Corporation — Denton Project Board of Directors on
DGCenlbe✓ 10 , 2020.
ATTEST:
Katie Kolkmeier, Secretary
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• MUNN •-
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