HomeMy WebLinkAbout01-21-21 TSH Meeting MinutesTEXAS
STUDENT HOUSING
MINUTES OF THE MEETING OF
THE BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING AUTHORITY
(AN INSTRUMENTALITY OF THE TOWN OF WESTLAKE)
January 21, 2021
ONE PAIGEBROOKE
WESTLAKE, TX 76262
PRESENT: Board members, in person: Scott Bradley, Mark Harrow, Paula Petersen,
Katie Kolkineier, James Krekow and Executive Director Tracy Harrow.
Board members, virtual: Rich Mueller, Randall Quick, and Paula
Peterson.
Others present: John DeBurro
1. CALL TO ORDER.
President Bradley called the meeting to order at 6:31 pm.
2. DISCUSS AND CONSIDER APPROVAL OF THE AUDIT FOR THE CAMBRIDGE FOR
2020.
DISCUSSION: John DeBurro, Audit Partner from Weaver, presented the Board with a
procedural overview for the audit conducted for fiscal year 2020.
The Board moved into recess at 6:44pm. The Board came back into
session at 6:52pm.
John DeBurro presented the Board with audited financials from 2020 for
The Cambridge. Director Harrow made a motion to approve the audited
financials. Director Krekow seconded the motion. The motion carried
unanimously.
3. DISCUSS AND CONSIDER APPROVAL OF THE AUDIT FOR TEXAS STUDENT
HOUSING AUTHORITY FOR 2020.
DISCUSSION: John DeBurro presented the Board with audited financials from 2020 for
Texas Student Housing Authority. Director Krekow made a motion to
approve the audited financials. Director Harrow seconded the motion.
The motion carried unanimously.
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4. DISCUSS AND CONSIDER APPROVAL OF MINUTES FOR THE MEETING HELD
DECEMBER 10, 2020.
DISCUSSION: Director Mueller made a motion to approve the minutes of the
December 10, 2020 meeting. Director Petersen seconded the motion.
The motion carried unanimously.
S. REVIEW AND CONSIDER APPROVAL OF THE FINALIZED BUDGET FOR FISCAL
YEAR ENDING AUGUST 31, 2021 FOR THE CAMBRIDGE AT COLLEGE STATION,
TEXAS.
DISCUSSION: The Board discussed the proposed budget for The Cambridge for the
fiscal year ending August 31, 2021. Director Harrow made a motion to
approve the proposed budget through May 31, 2021. Director Krekow
seconded the motion. The motion passed unanimously.
Director Mueller made a
Executive Director Harrow
any shortfalls through May
proposed budget. Director
passed unanimously.
6. EXECUTIVE SESSION
motion to grant President Bradley and
discretionary authority to approve funding
31, 2021, not to exceed more than the
Quick seconded the motion. The motion
The TSHA Board convened into executive session at 7:46 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.
7. RECONVENE MEETING.
President Bradley reconvened the meeting at 8:15 pm.
8. TAKE ANY ACTION, IF NEEDED, FROM EXECUTIVE SESSION
DISCUSSION: No action taken.
9. ADJOURNMENT
President Bradley adjourned the meeting at 8:16 pm.
APPROVED by the Texas Student Housing Authority Board of Directors on
2021.
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Scott Bradley, President
ATTEST:
Katie Kol rneier, Secretary
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