Summary

Travaux Inc. Board adopts amended Articles and reviews audits, projects, and operations

MilwaukeeOct 30, 20253 min read

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At the October 30, 2025 Travaux Inc. Board meeting in Milwaukee, directors unanimously approved minutes from September 25 and adopted a resolution recording amended Articles of Incorporation and Bylaws (with directed revisions). The board reviewed draft LLC audits, construction and repair project updates, NSPIRE inspection progress, flood-related repairs, staffing and inventory system changes, and requested additional audit detail.

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TRAVAUX INC. BOARD OF DIRECTORS

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Key decisions

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Approved minutes of the September 25, 2025 meeting (unanimous).
Adopted the resolution to record the Amended and Restated Articles of Incorporation and Bylaws for Travaux, Inc.; directors requested revisions (either Section 5.1 or 5.6) regarding the Vice President role and directed inclusion of language clarifying the Board can meet and conduct business with fewer than seven members, with the Bylaws to be returned after updates and HACM Board of Commissioners approval.
Directors requested additional audit information: explanation for a large increase in accrued interest in the Merrill Park LLC audit (2023–2024) and details on a $477,092 "advances, related party" payment in the Holton Terrace LLC statement of cash flows; they also requested the Holton Terrace LLC Internal Controls letter.
Noted operational and project updates: elevator modernization scheduling on track, HACM-approved change orders for scattered site repairs in response to NSPIRE, completed Physical Needs Assessments, and Westlawn park/playground contractors ready pending permits.
Supported operational changes to finance and maintenance: hiring a new technical accountant and restructuring accounting duties to split LLC focus (PNC vs. RBC investors), centralizing inventory with Yardi finance-tracking and a central warehouse/warehouse coordinator, and moving to zone-based maintenance staffing.
Acknowledged flood damage requiring installation of 248 furnaces and multiple water heaters; FEMA will not reimburse state/local/nonprofit agencies for this event and HACM insurance is expected to cover much of the repairs.
Recognized NSPIRE inspection improvements (failed inspections reduced from 24 in 2024 to 2 in 2025; average score increased from 54 to 71) and completion of mitigations (56% of required mitigations in 2025 documented as completed).
Accepted the departure of Dena Hunt, HACM Chief Operation Officer – Real Estate Operations, effective October 31, 2025.

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Meeting information

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TRAVAUX INC. BOARD OF DIRECTORS

Oct 30, 2025, 12:00 AMConvent Hill Community Room, First Floor 455 East Ogden, Milwaukee, WIscheduled

Agenda

Call to Order
Roll Call
Approval of the minutes from the regular meeting held on September 25, 2025
Resolution approving the Amended and Restated Bylaws and Articles of Incorporation for Travaux, Inc.
Report from the President
Adjournment
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, Marquetta Treadway at 286-5824, (FAX) 286-0833, (TDD) 286-3504 or by writing to the Coordinator at P.O. Box 324, Milwaukee, WI 53201-0324.
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Travaux Inc. Board adopts amended Articles and reviews audits, projects, and operations

At a glance

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Meeting information

TRAVAUX INC. BOARD OF DIRECTORS

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