HomeMy WebLinkAbout08242021 TSHC Denton ProjectTEXASIW
STUDENT,HOUSING
MINUTES OF THE MEETING OF
THE BOARD OF DIRECTORS OF THE
TEXAS STUDENT HOUSING CORPORATION — DENTON PROJECT
August 24, 2021
Cambria Hotel — Tarrant Conference Room
2104 E State Hwy 114
Southlake, Texas 76092
PRESENT: Board members Scott Bradley, Paula Petersen, Katie Kolkmeier, Mark
Harrow, 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 7:11 pm.
2. REVIEW AND CONSIDER APPROVAL OF MINUTES FOR THE MEETING HELD
MAY 25, 2021.
DISCUSSION: Director Harrow made a motion to approve the minutes of the meeting
held May 25, 2021. Director Petersen seconded the motion. The motion
passed unanimously.
3. UPDATE FROM EXECUTIVE DIRECTOR ON SCHOLARSHIP COUNT AT THE
RIDGET FOR FALL 2021.
DISCUSSION: Executive Director Harrow stated that 12 scholarships have been issued
at The Ridge Apartments for Fall 2021. No action taken.
4. UPDATE FROM EXECUTIVE DIRECTOR ON PERFORMANCE OF THE PROPERTY
MANAGER, INCLUDING WITHOUT LIMITATION, OCCUPANCY, PRE -LEASE AND
MAINTENANCE MATTERS.
DISCUSSION: Executive Director Harrow updated the Board that The Ridge Apartments
currently have 62% occupancy and that we are awaiting an update on
maintenance matters from property management. No action taken.
5. DISCUSS AND CONSDIER APPROVAL OF REBRANDING THE RIDGE
APARTMENTS.
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DISCUSSION: Executive Director Harrow presented a rebranding initiative from the
property manager to the Board. Director Krekow made a motion that
the Board inform Redstone (property manager) that the Board will
consider rebranding when the maintenance matters have been
addressed and the property is in good condition. Director Petersen
seconded the motion. The motion passed unanimously.
6. EXECUTIVE SESSION
The TSHA Board convened into executive session at 7:24 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: 1) Offers for parcels 107 and 115 pertaining to the
TXDOT eminent domain project at The Ridge Apartments and 2)
Discuss the proposed refinancing of the outstanding bonds issued for
the purchase of The Ridge, including points of negotiation.
7. RECONVENE MEETING.
President Bradley reconvened the meeting at 8:01 pm.
8. TAKE ANY ACTION, IF NEEDED, FROM EXECUTIVE SESSION
DISCUSSION: No action taken.
9. ADJOURNMENT
President Bradley adjourned the meeting at 8:02 pm.
APPROVED by the Texas Student Housing Corporation — Denton Project Board of Directors on
2021.
Scott Bradley, President
ATTEST:
Katie Kolkmeier, Secretary
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