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HomeMy WebLinkAbout10-21-20 TSHA MinTEXAS IW STUDENT HOUSING MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF THE TEXAS STUDENT HOUSING AUTHORITY (AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE) 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 6:33 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 Harrow 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. CONSIDER AND TAKE ACTION CONCERNING THE BUDGET FOR FISCAL YEAR ENDING AUGUST 31, 2021 FOR THE CAMBRIDGE AT COLLEGE STATION, TEXAS, INCLUDING ADOPTING AMENDMENTS TO THE CURRENT BUDGET. DISCUSSION: The Board discussed the proposed budget for The Cambridge for the fiscal year ending August 31, 2021. President Bradley made a motion to approve the proposed budget for November 2020 only and authorize TSHA funds to supplement any funding shortages. Director Harrow seconded the motion. The motion passed unanimously. 4. EXECUTIVE SESSION The TSHA Board convened into executive session at 6:44 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. Page 1 of 1 S. RECONVENE MEETING. President Bradley reconvened the meeting at 6:48 pm. 6. TAKE ANY ACTION, IF NEEDED, FROM EXECUTIVE SESSION DISCUSSION. No action taken. 7. ADJOURNMENT President Bradley adjourned the meeting at 6:49 pm. APPROVED by the Texas Student Housing Authority Board of Directors on tic ce,-, 6 c r to , 2020. Scott Bradley, President ATTEST: AG 4 Katie Kolkmeier, Secretary Page 2 of 2