City of Milwaukee - File #: T282

• File #: T282
• Version: 0
• Type: Travaux Resolution
• Status: Passed
• File created: 7/5/2022
• In control: TRAVAUX INC. BOARD OF DIRECTORS
• On agenda: 7/14/2022
• Final action: 7/14/2022
• Title: Resolution approving an increase in the Gross Maximum Price (GMP) for the Carver Park Project in an amount not-to-exceed $7.99 million After the receipt of additional bids for this project, the amended amount of $7.4 million as per Resolution No. T263, adopted on April 14, 2022, is no longer adequate
• Sponsors: THE CHAIR

Date	Ver.	Action By	Action	Result	Tally
7/14/2022	0	TRAVAUX INC. BOARD OF DIRECTORS	ADOPTED; Minutes note: Fernando Aniban, HACM’s Assistant Secretary, explained that when this item was originally brought to the Board for $7.4 million, there were two contracts that were not bid out yet: internal painting of the units and exterior repairs. Travaux solicited bids, however they were too high, and were rebid with some adjustments to the scope of work. Even after those adjustments, there was still an additional increase of $500,000 in the Guaranteed Maximum Price for this project. Mr. Aniban noted that the project is now 93% bid out and confident that the remaining items will be within the budget. With that being said, Mr. Aniban stated that this increase is being brought to the Board for approval in order to adjust the contract amount and close the deal by the end of July.	Pass	6:0

Number
282

Version
Original

Reference

Sponsor
The President

Title
Resolution approving an increase in the Gross Maximum Price (GMP) for the Carver Park Project in an amount not-to-exceed $7.99 million

After the receipt of additional bids for this project, the amended amount of $7.4 million as per Resolution No. T263, adopted on April 14, 2022, is no longer adequate

Analysis

Body
WHEREAS, WHEREAS, Townhomes at Carver Project 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 122 rental housing units; and

WHEREAS, HACM incorporated Townhomes at Carver LLC to be the owner entity for this Project; and

WHEREAS, HACM is the developer and the Managing Member of Townhomes at Carver LLC through its wholy owned Limited Liability Company, Townhomes at Carver Development LLC; and


WHEREAS, after receipt of additional bids for this project, the amended amount set of $7.40mm as per Resolution No. T263, adopted on 04/14/2022, is no longer adequate; and

WHEREAS, the President recommends that Travaux, Inc. enter into a contract with Townhomes at Carver 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 Townhomes at Carver LLC the to be the construction manager as constructor for Townhomes at Carver 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 the time of performance and change orders are needed, the Chairman or President may approve s...