HomeMy WebLinkAbout8-17-22 TSHC - Denton ProjectTEXASIW
STUDENT HOUSING
MINUTES OF THE MEETING OF
THE BOARD OF DIRECTORS OF THE
yy'y14119-.1qM
Varispace
Floor Conference Room
19010 W Kirkwood Blvd
Southlake, TX 76092
PRESENT: Board members Scott Bradley, Paula Petersen, Mark Hai -row, Rich
Mueller, James Krekow, Katie Kolkmeier and Executive Director Tracy
Harrow. Also present: Mayor Sean Kilbride.
2. REVIEW AND CONSIDER APPROVAL OF MINUTES FOR THE MEETING HELIT
3ANUIARY 31, 2022.
DISCUSSION: Director Harrow made a motion to approve the minutes of the meeting
held January 31, 2022. Director Petersen seconded the motion. The
motion passed unan!imou�sly.
3. REVIEW AND CONSIDER APPROVAL OF AN OPERATING BUDGET, PREPARED BY
REDSTONE RESIDENTIAL FOR THE RIDGE APARTMENTS FOR THE FISCAL YEAR
ENDING AUGUST 31, 2,023.
DISCUSSION: Executive Director Harrow facilitated a review and discussion of a
operating budget for The Ridge Apartments for the fiscal year ending 1
1
August 31, 2023. Director Kolkmejer made a motion to approve t
operating budget prepared by Redstone Residential. Director Kreko
seconded the motion. The motion passed unanimously.
4. UPDATE FROM EXECUTIVE DIRECTOR ON SCHOLARSHIP COUNT AND VALUE OF
TSHC FOR THE UPCOMING FISCAL YEAR.
*ISCUSSION: Executive Director Harrow updated the Board on the 16 TSHO
scholarships at The Ridge Apartments this fiscal year and that the
property is currently at 98% occupancy., No action taken.
UPDATE FROM EXECUTIVE RIDGE APARTMENTSDIRECTOR REGARDING RENOVATIONS AT THE
.,
41SCUSSION: Executive Director Harrow stated that a contract for the renovations ha-d
been drawn up with a contractor but had not yet been signed. No
action taken.
The TSHA Board convened into executive session at 6:59 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 doma!in project at The Ridge Apartments, 2),
Consultation with attorney whereby the Board seeks advice about
deliberations regarding the threatened or pending litigation with
University of North Texas, and 3) Consultation with attorney whereby
the Board seeks advice on possible arbitration with ACC on alleged
funds owed after management de:part�ure.
inufm
111 i ll';i'
'ACTS-ff li"
0&*4111*4
2022.
. . . ........... . .. ...
Scott Bradley, President
01st"I
Z
Katie Kolkmeier, Secretary