HomeMy WebLinkAbout01212021 TSHC Denton Meeting MinutesTEXAS IW
STUDENT HOUSING
MINUTES OF THE MEETING OF
THE BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING CORPORATION — DENTON PROJECT
January 21, 2021
ONE PAIGEBROOKE
WESTLAKE, TX 76262
PRESENT: Board members, in person: Scott Bradley, Mark Harrow, Paula Petersen,
Katie Kolkmeier, 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 6:44 pm.
2. DISCUSS AND CONSIDER APPROVAL OF THE AUDIT FOR THE RIDGE
APARTMENTS FOR 2020.
DISCUSSION: John DeBurro, Audit Partner from Weaver, presented the Board with
audited financials for The Ridge Apartments for 2020. Director Harrow
made a motion to approve the audited financials. Director Krekow
seconded the motion. The motion passed unanimously.
The Board moved into recess at 6:52pm. The Board came back into
session at 8:16pm.
3. REVIEW AND CONSIDER APPROVAL OF MINUTES FOR THE MEETING HELD
DECEMBER 10, 2020.
DISCUSSION: Director Krekow made a motion to approve the minutes of the meeting
held December 10, 2020. Director Peterson seconded the motion. The
motion passed unanimously.
4. REVIEW AND CONSIDER APPROVAL OF AN AMENDED OPERATING BUDGET FOR
THE RIDGE APARTMENTS FOR THE FISCAL YEAR ENDING AUGUST 31, 2021.
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DISCUSSION: The Board discussed the amended operating budget for The Ridge
Apartments for the fiscal year ending August 31, 2021. Director Krekow
made a motion to approve the amended operating budget. Director
Quick seconded the motion. The motion passed unanimously.
S. DISCUSS AND CONSIDER APPROVAL OF RENTAL RATES FOR THE RIDGE
APARTMENTS.
DISCUSSION: Director Harrow presented the proposed rental rates for The Ridge
Apartments. Director Quick made a motion to approve the rental rates
for The Ridge Apartments. Director Mueller seconded the motion. The
motion passed unanimously.
6. EXECUTIVE SESSION
The TSHA Board convened into executive session at 8:23 pm 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 about deliberations regarding
real property — offers for parcels 107 and 115 pertaining to the TXDOT
eminent domain project.
7. RECONVENE MEETING.
President Bradley reconvened the meeting at 8:27 pm.
8. TAKE ANY ACTION, IF NEEDED, FROM EXECUTIVE SESSION
DISCUSSION: No action taken.
9. ADJOURNMENT
President Bradley adjourned the meeting at 8:28 pm.
APPROVED by the Texas Student Housing Corporation — Denton Project Board of Directors on
✓i 1 , 2021.
ATTEST:
Katie Kolkmeier, Secretary
Scott Bradley, President If
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