City of Milwaukee - File #: R13450

• File #: R13450
• Version: 0
• Type: Housing Authority Resolution
• Status: Passed
• File created: 12/6/2023
• In control: HOUSING AUTHORITY
• On agenda: 12/13/2023
• Final action: 12/13/2023
• Title: Resolution appointing Board members and approving Articles of Incorporation and Bylaws for Convent Hill 202 Holdings, Inc
• Sponsors: THE CHAIR

Date	Ver.	Action By	Action	Result	Tally
12/13/2023	0	HOUSING AUTHORITY	ADOPTED; Minutes note: Attorney Tom Gartner, Senior Counsel with Michael Best & Friedrich, explained that Convent Hill has two condominiums, units 4 and 5, that were purchased by Friends of Housing (FOH) with special funding and that they cannot be owned by the Housing Authority. With the dissolution of FOH, this new instrumentality has been created so that it can own these properties. The instrumentality’s Articles of Incorporation and Bylaws allow HACM to appoint the individuals who will serve on its Board. Attorney Gartner also stated that those individuals have not been finalized and noted that HACM is waiting for a final response from HUD. The Cooperation Agreement allows the entity to share staff and facilities services, and the resolution approving the Real Estate and Membership Interest Purchase Agreement Assignment gives Convent Hill 202 Holdings, Inc., the right to acquire and act as the owner of Units 4 and 5.	Pass	3:0

Number

13450

Version

Original

Reference

Sponsor

The Chair

Title

Resolution appointing Board members and approving Articles of Incorporation and  Bylaws for Convent Hill 202 Holdings, Inc

Analysis

Body

WHEREAS, pursuant to Resolution R13395, adopted on May 10, 2023, the Housing Authority of the City of Milwaukee (HACM) approved the incorporation of Convent Hill 202 Holdings, Inc.; and

WHEREAS, pursuant to this Resolution HACM desires to approve the composition of an initial Board of Directors for Convent Hill 202 Holdings, Inc. and to approve corporate Bylaws in the form on file with the Secretary; now therefore, be it:

RESOLVED, by the Commissioners of HACM, that the following individuals be and hereby are appointed to the Board of Directors of Convent Hill 202 Holdings, Inc.:

                                                               Willie Hines, Jr.                     

                                                               Fernando Aniban                     

                                                               __________________

__________________

__________________

__________________

__________________

FURTHER RESOLVED, that the Bylaws of Convent Hill 202 Holdings, Inc. in the form on file with the Secretary are hereby approved.

Requestor

Drafter

Housing Management, Atty. Tom Gartner, M&B, 12/6/2023