Number
R. 13128
Version
Original
Reference
Sponsor
The Chair
Title
Resolution approving a contract to Travaux, Incorporated (Milwaukee, WI) to be the Construction Manager at Risk Constructor for Becher Court project in an amount not to exceed $6.9 million
Analysis
Body
WHEREAS, WHEREAS, Becher Court is one of the Public Housing Developments 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 rehabilitation of Becher Court; and
WHEREAS, HACM incorporated Becher Court LLC to be the owner entity for this Project; and
WHEREAS, HACM is the developer and the Managing Member of Becher Court LLC through its wholy owned Limited Liability Company, Becher Court Development LLC; and
WHEREAS, HACM formed the subsidiary Travaux, Incorporated to strategically position its own development capacity and provide services both to HACM and to entities outside of its portfolio; and
WHEREAS, the Secretary-Executive Director recommends that Becher Court LLC enters into a contract with Travaux, Inc.; now, therefore, be it
RESOLVED, by the Housing Authority of the City of Milwaukee that they approve entering into a contract with Travaux, Inc. to be the construction manager at risk/constructor for Becher Court project; and, be it
FURTHER RESOLVED, that the proper officers of the Authority are hereby authorized and directed to properly execute said contract for and on behalf of the Authority and Becher Court LLC; and, be it
FURTHER RESOLVED, that if any extensions of the time of performance and change orders are needed, the Chairman or Secretary-Executive Director may approve such request without any further action of the Authority; and, be it
FURTHER RESOLVED, that a...
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