City of Milwaukee - File #: T310

• File #: T310
• Version: 0
• Type: Travaux Resolution
• Status: Passed
• File created: 5/31/2023
• In control: TRAVAUX INC. BOARD OF DIRECTORS
• On agenda: 7/13/2023
• Final action: 7/13/2023
• Title: Resolution approving the execution of property management agreements
• Sponsors: THE CHAIR

Date	Ver.	Action By	Action	Result	Tally
7/13/2023	0	TRAVAUX INC. BOARD OF DIRECTORS	ADOPTED; Minutes note: Fernando Aniban, HACM’s Assistant Secretary, explained that this Property Management Agreement for Southlawn, Northlawn, and Berryland was recently approved by the HACM Board of Commissioners. Mr. Aniban answered Directors’ questions regarding the current management of these properties, added responsibilities, and new hires with this agreement.	Pass	7:0

Number

T310

Version

Original

Reference

Sponsor

The President

Title

Resolution approving the execution of property management agreements

Analysis

Body

WHEREAS, the Housing Authority of the City of Milwaukee (the “Authority”) has been a national leader in housing for over 75 years and currently provides high-quality, affordable housing options to over 10,000 Milwaukee families, seniors and disabled adults; and

WHEREAS, the Authority is responsible for the management of the market rate properties known as Berryland, Northlawn and Southlawn pursuant to that certain Sale, Lease and Reconveyance Agreement (HACM 2015 Series A & B Bonds) dated as of May ___, 2023; and

WHEREAS, Travaux, Inc. (an instrumentality of the Authority) is currently providing management services to Berryland, Northlawn and Southlawn (Developments) under the existing Cooperation Agreement (Contract for Receipt and Furnishing of Services, Materials and Equipment between the Housing Authority of the City of Milwaukee and Travaux, Inc.) dated February 1^st 2018; and

WHEREAS, Travaux, Inc. and the Authority intend to formalize the management of the Developments by formalizing Travaux’s obligations in accordance with all laws, procedures, and regulations as defined in the Property Management Agreement (the “Agreement”) which shall be for an initial term of one year and which shall be renewed and extended annually until formally revoked at the option of either party by giving at least 60 days notice;

NOW, THEREFORE, BE IT RESOLVED, that the President of Travaux, Inc., or his designee, is hereby authorized, empowered, and directed to enter into and execute the Agreement with the Authority and all such actions previously taken related thereto are hereby approved and ratified; and be it.

 RESOLVED FINALLY, that the President of Travaux, Inc., or his designee, is hereby authorized, empowered, and directed to take such further action on behalf of Travaux, Inc. as he shall deem necessary to effectuate the foregoing.

Requestor

Drafter

Housing Management May 18, 2023