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| | | | To view the meeting materials electronically, please go to: https://milwaukee.legistar.com/MeetingDetail.aspx?ID=910742&GUID=1F865681-2885-4231-87A8-1E4EAFC797B0&Options=info|&Search=
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| | | | Call to Order
Minutes note: Meeting called to order at 3:00 p.m. | | | |
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T212
| 0 | 1. | Motion | Approval of the minutes of the regular meeting held on October 14, 2021 | APPROVED | Pass | 6:0 |
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T213
| 0 | 2. | Motion | Motion to approve the proposed 2022 schedule for the Travaux Board of Directors | APPROVED | Pass | 6:0 |
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T214
| 0 | 3. | Travaux Resolution | Resolution approving Travaux, Inc. Business Plan and Annual Operating Budget for the year 2022
Minutes note: Fernando Aniban, HACM’s Chief Financial Officer, gave a summary from the attachments provided regarding Travaux’s current and projected budget for 2022. Directors discussed direct and indirect fees, development fees, overhead, and labor costs.
Director McCarthy requested in the next Board meeting that a Balance Sheet be presented for Travaux’s fiscal year and especially how any liabilities will be handled in the upcoming year. Mr. Aniban said that a 2021 Balance Sheet could be provided at the February meeting. Director Manzanet requested in writing an Asset Management plan for Travaux in order to have a better understanding as to the organizations financial position. Kaylin Nuss, HACM’s Director of Asset Management, stated that a plan is currently being drafted and will be presented to the Board.
| ADOPTED | Pass | 6:0 |
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T215
| 0 | 4. | Communication | Report from the Acting President
Minutes note: Acting President Hines discussed the attached item and asked Kent Britton, HACM’s Procurement Director, to speak on Section 3 and introduce HACM’s new Section 3 contractor, J. Keith Swiney of Motivation, Inc. Mr. Swiney will serve HACM as a third party vendor to assist HACM in policies and reporting. Mr. Swiney summarized the information attached regarding HUD’s old by-hire format and elaborated how the new reporting rule will be implemented going forward. Directors discussed the pros and cons of the new Section 3 rule. Mr. Britton stated that HACM has done several interviews, but has not hired a Section 3 Director and the search continues.
Kaylin Nuss, HACM’s Director of Asset Management updated the Board on the 2022 Tax Credit Application for Highland Gardens and its submission. The application is for $5 million that will go toward improvements and renovations. It is scheduled to be awarded by the Wisconsin Housing and Economic Development Authority (WHEDA) in April or May of 2022.
Mr. Hines informed the Board that in January or February, staff will be requesting an item for a “closed session” to discuss personnel issues as it pertains to HACM and how it will directly affect Travaux.
Director Wagner thanked the Directors and the staff for their hard work and wished them a safe and happy holiday.
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| | | | Adjournment
Minutes note: There being no further business, Director Zepecki made a motion to adjourn the meeting a 4:27 p.m. Director Manzanet seconded the motion. There being no objections, the motion carried. | | | |
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| | | | Upon reasonable notice, efforts will be made to accommodate the needs of persons with disabilities through sign language interpreters or auxiliary aids. For additional information or to request this service, contact the Housing Authority ADA Coordinator, Patricia Schmidtknecht at 286-5100, (FAX) 286-3456, (TDD) 286-3504 or by writing to the Coordinator at 650 West Reservoir, Milwaukee, WI 53212. | | | |
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| | | | Persons engaged in lobbying as defined in s. 305-43-4 of the Milwaukee Code of Ordinances are required to register with the City Clerk's Office License Division. Registered lobbyists appearing before a Common Council committee are required to identify themselves as such. More information is available at http://city.milwaukee.gov/Lobbying. | | | |
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