Number
R13552
Version
Original
Reference
Sponsor
The Chair
Title
Resolution approving and authorizing additional signatories to the bank accounts of various LLCs where the Housing Authority of the City of Milwaukee holds ownership interest
Analysis
Body
WHEREAS, the Housing Authority of the City of Milwaukee (“HACM”) is the sole member and manager (“Manager”) of any Wisconsin limited liability companies listed in the first column of the attached Exhibit A; and,
WHEREAS, the Manager identified in first column of the attached Exhibit A is the general partner/managing member of the respective Wisconsin limited liability company (“Company”) listed in the second column of the attached Exhibit A in partnership with different limited partners (“Investors”); and,
WHEREAS, management has recommended that additional signatories are needed to the various bank and financial institutions’ savings, current/checking, certificates of deposits, loan documents and any financial accounts or instruments maintained in such banks or financial institutions; and,
NOW, THEREFORE, BE IT RESOLVED, that the Associate Interim Secretary-Executive Director of the Authority, or his designee, is hereby authorized to execute the “Written consent of the member and manager/general partner establishing authorized signatories to the Companies bank accounts” (Attached Exhibit A) and be it
FURTHER RESOLVED, that all acts previously performed, relative to this matter, by the Authority’s Board and the Interim Secretary-Executive Director of the Authority, are hereby approved, ratified and confirmed in all respects; and be it
FURTHER RESOLVED, that the Interim Secretary-Executive Director of the Authority or his designee, is hereby authorized, empowered and directed to take any and all such action on behalf of the Authority in its own capacity, as applicable; and be it
FURTHER RESOLVED, that the Interim Secretary-Executive Director of the Authority or his designee, is hereby authorized, empowered, and directed to take such further action on behalf of the Authority as they deem necessary to effectuate the foregoing.
Exhibit:
1. Exhibit A - Written consent of the member and manager/general partner establishing authorized signatories to the Companies bank accounts
EXHIBIT A
WRITTEN CONSENT OF THE MEMBER AND MANAGER/GENERAL PARTNER ESTABLISHING AUTHORIZED SIGNATORIES TO COMPANIES BANK ACCOUNTS
The undersigned, being the Sole member and manager/general partner (“Manager”) of the different Companies, hereby adopts the following resolutions:
WHEREAS, the Manager identified in first column of the attached Exhibit A is the general partner/managing member of the respective Wisconsin limited liability company (“Company”) listed in the second column of the attached Exhibit A in partnership with different limited partners (“Investors”); and,
WHEREAS, the “Companies” listed in Exhibit A have designated depositories banks or financial institutions for its various cash accounts, certificates of deposits, escrow accounts and other forms of financial instruments (“Documents”); and,
WHEREAS, the “Manager” is authorized and empowered to designate and certify the names and titles of approved signatories to the “Documents”; and,
WHEREAS, the following are titles, names and genuine signatures of duly qualified and approved signees of “Company” authorized by this resolution; and
AUTHORIZED DESIGNEES:
Name Title/Position/Status Signature
Charlotte Hayslett Board Chair - HACM _________________
Kenneth Barbeau Interim
Secretary-Executive Director _________________
Brad Leak Finance Director _________________
WHEREAS, the “Manager” authorizes the signatories to act on behalf of the “Company” and delegate their authority as appropriate; and,
WHEREAS, the “Company” wishes to authorize the use of actual or facsimile signatures; now, therefore, be it
NOW THEREFORE BE IT RESOLVED, by the “Member” listed in Exhibit A, that the above listed individuals be approved, authorized and directed to execute and sign any documents, delegate their authority as appropriate and proceed with the implementation of any such documents in the Company’s name; and, be it
FURTHER RESOLVED, that any and all previous acts performed relative thereto, by the above listed individuals are hereby approved, ratified and confirmed in all respects
IN WITHNESS WHEREOF, the undersigned has executed this consent of the member and manager (“Manager”) as of the date first set below.
Date as of January 8, 2025.
HOUSING AUTHORITY OF THE CITY OF MILWAUKEE
By:______________________________
Charlotte Hayslett
Board Chair
Exhibit A
Attachment to HACM Resolution 13552
|
MANAGER |
COMPANY |
|
Westlawn Renaissance Development LLC |
Westlawn Renaissance LLC |
|
Westlawn Renaissance Development II LLC |
Westlawn Renaissance II LLC Victory Manor LLC WG Scattered Sites LLC |
|
Westlawn Renaissance Development III LLC |
Westlawn Renaissance III LLC |
|
Westlawn Renaissance Development IV LLC |
Westlawn Renaissance IV LLC |
|
Westlawn Renaissance Development V LLC |
Westlawn Renaissance V LLC |
|
Westlawn Renaissance Development VI LLC |
Westlawn Renaissance VI LLC |
|
Westlawn Renaissance Development VII LLC |
Westlawn Renaissance VII LLC |
|
Becher Court Development LLC |
Becher Court LLC |
|
Lapham Park Development LLC |
Lapham Park LLC |
|
Scattered Sites Development LLC |
Scattered Sites LLC |
|
Scattered Sites Development II LLC |
Scattered Sites II LLC |
|
Cherry Court LLC |
Cherry Court Development LLC |
|
Convent Hill Development LLC |
Convent Hill LLC |
|
Holton Terrace Development LLC |
Holton Terrace LLC |
|
Merrill Park Development LLC |
Merrill Park LLC |
|
Olga Village Development LLC |
Olga Village LLC |
|
Highland Park Development LLC |
Highland Park Community LLC |
|
Highland Gardens Development LLC |
Highland Gardens LLC |
|
Townhomes at Caver Development LLC |
Townhomes at Caver LLC |
|
Carver Park |
Carver Park Tax Credit LLP |
|
HACM |
National Soldiers Home Residences I LLC |
|
HACM |
National Soldiers Home Residences II LLC |
|
HACM |
National Soldiers Home Residences III LLC |
Requestor
Drafter
Housing Management December 18, 2024