City of Milwaukee - Meeting of TRAVAUX INC. BOARD OF DIRECTORS on 9/16/2022 at 3:00 PM

T290

Wed, 15 Feb 2023 01:30:24 GMT

File #: T290
Ver.: 0
Agenda #: 1.
Type: Motion
Title: Approval of the minutes of the regular meeting held on August 11, 2022
Action: APPROVED
Result: Pass

T291

Wed, 15 Feb 2023 01:30:24 GMT

File #: T291
Ver.: 0
Agenda #: 2.
Type: Travaux Resolution
Title: Resolution approving the acquisition of membership interests in Cherry Court Development LLC The HACM, through its wholly owned LLC “Cherry Court LLC”, managing member, is acquiring the investor member interest in the Cherry Court Project. This is a 120- unit multifamily building constructed and funded with Low Income Housing Tax Credit. The entity that owns this project is Cherry Court Development LLC. This project had already passed the 15-year compliance period. The investor is selling their interest in the project for $1 and a disposition fee of $4,000. All disposition fees will be paid by HACM. To preserve the Limited Liability status of Cherry Court Development LLC, Travaux will be acquiring .001% interest in the LLC. “Cherry Court LLC”, its Managing member will acquire 99.99% of the investor interest.
Action: ADOPTED
Result: Pass

T292

Wed, 15 Feb 2023 01:30:24 GMT

File #: T292
Ver.: 0
Agenda #: 3.
Type: Travaux Resolution
Title: Report from the President
Action:
Result:

T293

Wed, 15 Feb 2023 01:30:24 GMT

File #: T293
Ver.: 0
Agenda #: 5.
Type: Travaux Resolution
Title: Resolution approving settlement regarding Champion Modular, Inc., D/B/A Champion Commercial Structures
Action: ADOPTED
Result: Pass