Number
R13240
Version
Original
Reference
Sponsor
The Chair
Title
Resolution approving and authorizing additional signatories to the bank accounts to 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 Director and Acting 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 Associate Director and Acting Secretary-Executive Director of the Authority, are hereby approved, ratified and confirmed in all respects; and be it
FURTHER RESOLVED, that the Associate Director and Acting 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 Associate Director and Acting S...
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