City of Milwaukee - File #: T259

• File #: T259
• Version: 0
• Type: Travaux Resolution
• Status: Passed
• File created: 3/10/2022
• In control: TRAVAUX INC. BOARD OF DIRECTORS
• On agenda: 3/24/2022
• Final action: 3/24/2022
• Title: Resolution approving an increased contract amount with Westlawn Renaissance VII LLC to be the Construction Manager as Constructor for Westlawn Renaissance VII project in an amount not-to-exceed $32.7 million
• Sponsors: THE CHAIR

Date	Ver.	Action By	Action	Result	Tally
3/24/2022	0	TRAVAUX INC. BOARD OF DIRECTORS	ADOPTED; Minutes note: Fernando Aniban, HACM’s Chief Financial Officer, gave a summary from the attachments provided. Mr. Aniban explained how the original contract amount was estimated and that the continuing supply chain issues, relative tightness in the labor market and rising costs in construction had significantly increased the required budget. Mr. Aniban noted that the budget for the future market rate phases will be reallocated to close the financing gap.	Pass	7:0

Number
T259

Version
Original

Reference
T210

Sponsor
The Chair

Title
Resolution approving an increased contract amount with Westlawn Renaissance VII LLC to be the Construction Manager as Constructor for Westlawn Renaissance VII project in an amount not-to-exceed $32.7 million

Analysis

Body
WHEREAS, WHEREAS, Westlawn Renaissance VII is one of the Housing Construction Phases (Phase 4C) of Westlawn Choice Neighborhood Project that received Commitment for Housing Assistance Payments (CHAP) under the Rental Assistance Demonstration (RAD) from the Housing and Urban Development (HUD); and

WHEREAS, the Housing Authority of the City of Milwaukee (HACM) received an allocation of Low Income Housing Tax Credits from the Wisconsin Housing and Economic Development Authority for the construction of 97 rental housing units comprising of 31 townhouse buildings and 1 three story building (3.4); and

WHEREAS, HACM incorporated Westlawn Renaissance VII LLC to be the owner entity of this Project; and

WHEREAS, HACM is the developer and the Managing Member of Westlawn Renaissance VII LLC through its wholy owned Limited Liability Company, Westlawn Renaissance VII Development LLC; and

WHEREAS, after bidding out about 92% of the trades for this project, the initial amount set of $29.90mm as per Resolution No. 210 is no longer adequate; and

WHEREAS, the President recommends that Travaux, Inc. enter into a contract with Westlawn Renaissance VII LLC for an amount not to exceed the amount indicated in this resolution; now, therefore, be it

RESOLVED, by Travaux, Inc. that they approve entering into a contract with Westlawn Renaissance VII LLC the to be the construction manager as constructor for Westlawn Renaissance VII (Phase 4C) project; and, be it

FURTHER RESOLVED, that the proper officers of Travaux, Inc. are hereby authorized and directed to properly execute said contract for and on behalf of Travaux, Inc.; and, be it

FURTHER RESOLVED, that if any extensions of th...