MEETING OF THE BOARD OF DIRECTORS
HOUSTON COMMUNITY COLLEGE SYSTEM
PUBLIC FACILITY CORPORATION
August 24, 2006
Minutes
The Board of Directors of the HCCS Public Facility Corporation held a Meeting on Thursday,
August 24, 2006, at the System Administration Building, 2nd Floor Auditorium, 3100 Main,
Houston, Texas.
BOARD MEMBERS PRESENT
Yolanda Navarro Flores, Vice-President
Diane Olmos Guzman, Secretary
Bruce A. Austin, Treasurer
James R. Murphy
Richard M. Schechter
ADMINISTRATION
Norman Nielsen, Interim Chancellor
Doretha Eason, Deputy to the Chancellor
Miles LeBlanc, General Counsel
Charles Cook, Vice Chancellor, Educational Development
Irene Porcarello, Vice Chancellor, Student Success
Gloria Walker, Vice Chancellor, Finance and Administration
Winston Dahse, Interim President, Southwest College
Margaret Ford, President, Northeast College
Fena Garza, President, Southeast College
William Harmon, President, Central College
Zachary Hodges, President, Northwest College
Diane Castillo for Marsal Stoll, President, Coleman College
William Mack, Associate Vice Chancellor, Construction and Facilities
Willie Williams, Associate Vice Chancellor, Human Resources
OTHERS PRESENT
Jarvis Hollingsworth, System Counsel, Bracewell & Giuliani
Suewan Johnson, Bond Counsel, Vinson & Elkins
Jorge Rodriguez, Financial Advisor, Coastal Securities
David Ross, President, Faculty Association
Other administrators, citizens and representatives from the news media
CALL TO ORDER
Mrs. Flores, Vice President, called the meeting to order at 4:17 p.m. and declared the Board of
Directors convened to consider matters pertaining to the Houston Community College System
Public Facility Corporation (PFC) as listed on the duly posted meeting notice.
Houston Community College System
Public Facility Corporation Meeting – August 24, 2006 – Page 2
PUBLIC COMMENTS
There were no public comments.
APPROVAL OF MINUTES
Motion – Mrs. Guzman moved approval of the minutes from the meeting of April 27, 2006. Mr.
Murphy seconded the motion, which carried 5-0.
CONSIDER RESOLUTION APPROVING A FIRST AMENDMENT TO LOAN
AGREEMENT WITH JPMORGAN CHASE BANK FOR ALIEF CAMPUS PROJECT;
TAKE APPROPRIATE ACTION
Motion – Mr. Austin made a motion to approve the resolution for reimbursement. Mrs. Guzman
seconded the motion. Motion carried 5-0.
CONSIDER RESOLUTION AUTHORIZING THE PREPARATION AND
DISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMENT RELATING TO THE
HOUSTON COMMUNITY COLLEGE SYSTEM PUBLIC FACILITY CORPORATION
LEASE REVENUE BONDS; APPROVING THE UNDERWRITERS FOR THE
MARKETING OF THE BONDS; AND CONTAINING PROVISIONS NECESSARY AND
INCIDENTAL TO THE PURPOSES HEREOF; TAKE APPROPRIATE ACTION
Motion – Mr. Austin moved for approval. Mrs. Guzman seconded the motion. Motion carried 50.
Mr. Austin recommended review of the demographics and economic data for the district.
CONSIDER RESOLUTION APPROVING A FIRST AMENDMENT TO LOAN
AGREEMENT WITH JPMORGAN CHASE BANK FOR NORTHLINE MALL
PROJECT; TAKE APPROPRIATE ACTION
Motion – Mr. Murphy made a motion to approve the resolution. Mrs. Guzman seconded the
motion. Motion carried 5-0.
CONSIDER RESOLUTION EXPRESSING INTENT TO FINANCE EXPENDITURES
TO BE INCURRED FOR THE SOUTHEAST CAMPUS; TAKE APPROPRIATE
ACTION
Motion – Mrs. Guzman made a motion to approve the resolution for reimbursement. Mr. Murphy
seconded the motion. Motion carried 5-0.
DISCUSSION OF CURRENT AND/OR FUTURE PROJECTS FOR THE BENEFIT OF
HOUSTON COMMUNITY COLLEGE SYSTEM; TAKE APPROPRIATE ACTION
There was no discussion of future projects.
ADJOURNMENT
With no further business, the meeting was adjourned at 4:24 p.m.
Minutes Recorded, Transcribed & Submitted by:
Sharon Wright, Executive Administrative Assistant Board Services
Minutes Approved as Submitted: