Green Bay Housing Authority

AGENDA OF THE GREEN BAY HOUSING AUTHORITY THURSDAY, NOVEMBER 20, 2025, 10:30 AM City Hall, Room 604 - The Harry Maier Room. Virtual attendance is also available via Zoom. A. Zoom Meeting Information. 1. Join Zoom Meeting Online: https://us02web.zoom.us/j/81434999289?pwd=N0dlMGxWSS85SGswK2lZeGhZZUN0UT09 Or call in by phone: +1 312 626 6799 Meeting ID: 814 3499 9289 Passcode: 483400 If you wish to speak at this public meeting or leave a comment, please fill out the online Comment Form prior to the meeting. More detailed Zoom Instructions can be found online. B. Roll Call. 1. Members: William VandeCastle - chair, Stephen Srubas - vice chair, Sandra Popp, Erin Edwards, Randy Scannell C. Approval of the Agenda. 1. Approval of the agenda for the Thursday, November 20, 2025, meeting of the Green Bay Housing Authority. D. Approval of Minutes. 1. Approval of the minutes from the July 30th, 2025, meeting. E. Regular Business. 1. Consideration with possible action to consider initial resolution No. 2025-04 regarding housing revenue bonds financing for GenCap Green Bay Fire Station Apartments, LLC for the development of 420 S. Broadway, 402 S. Broadway, 421 Arndt Street, and portions of 419 Maple Avenue. Agenda of the Green Bay Housing Authority November 20, 2025 Page 1 F. Informational. 1. GBHA Bills. 2. GBHA Financial Report. 3. Director's Report. 4. Occupancy Report. 5. Next Meeting: To be determined G. Adjournment. 1. Adjournment of the Thursday, November 20, 2025, meeting of the Green Bay Housing Authority. 1) THIS MEETING IS RECORDED: THE VIDEO OF THIS MEETING AND MINUTES ARE AVAILABLE ONLINE AT www.greenbaywi.gov 2) ACCESSIBILITY: Any person wishing to attend who requires special accommodation because of a disability, should contact the City Safety Manager at 920-448-3125 at least 48 hours before the scheduled meeting time so that arrangements can be made. 3) QUORUM: Please take notice that a majority or quorum of the Common Council will attend this Green Bay Housing Authority meeting and will constitute a meeting of the Common Council for purposes of discussion and information gathering relative to this agenda. 4) REPRESENTATION: The party requesting the communication, or their representative, should be present at this meeting. Agenda of the Green Bay Housing Authority November 20, 2025 Page 2  Report to the Housing Authority of the City of Green Bay MEETING DATE PREPARED BY November 20, 2025 AGENDA ITEM # D.1 Approval of the minutes from the July 30th, 2025, meeting. BACKGROUND RECOMMENDATION FISCAL IMPACT ATTACHMENTS 1. GBHASPECIALMTGMINS07302025 100 North Jefferson Street, Room 608, Green Bay, Wisconsin 54301-5026 (p) 920.448.3400 (f) 920.448.3426 greenbaywi.gov  MINUTES OF THE GREEN BAY HOUSING AUTHORITY WEDNESDAY, JULY 30, 2025, 9:00 AM City Hall, Room 604 - The Harry Maier Room. Virtual attendance is also available via Zoom. A. ZOOM MEETING INFORMATION. 1. Join Zoom Meeting Online: https://us02web.zoom.us/j/81434999289?pwd=N0dlMGxWSS85SGswK2lZeGhZZUN0UT09 Or call in by phone: +1 312 626 6799 Meeting ID: 814 3499 9289 Passcode: 483400 If you wish to speak at this public meeting or leave a comment, please fill out the online Comment Form prior to the meeting. More detailed Zoom Instructions can be found online. B. ROLL CALL. 1. Members: William VandeCastle - Chair, Stephen Srubas - Vice Chair, Sandra Popp, Erin Edwards and Randy Scannell Meeting began 9:03AM Present: William VandeCastle-Chair, Stephen Srubas-Vice Chair, Sandra Popp, Erin Edwards and Randy Scannell, Absent:None, Excused:None C. APPROVAL OF THE AGENDA. 1. Approval of the agenda for the Wednesday, July 30, 2025, meeting of the Green Bay Housing  Authority. Moved by Randy Scannell, seconded by Erin Edwards to approve the agenda for the July 30, 2025, Special Meeting of the Green Bay Housing Authority. Motion carried. Yes-William VandeCastle, Stephen Srubas, Randy Scannell, Erin Edwards, Sandra Popp, No:None, Abstain:None D. APPROVAL OF MINUTES. 1. Approval of the minutes from the June 19, 2025, meeting of the Green Bay Housing Authority. Moved by Randy Scannell, seconded by Erin Edwards to approve the minutes for the June 19, 2025, meeting of the Green Bay Housing Authority. Motion carried. Yes-William VandeCastle, Stephen Srubas, Randy Scannell, Erin Edwards, Sandra Popp, No:None, Abstain:None E. REGULAR BUSINESS. 1. Consideration with possible action on approval of a loan with Grand Boulevard Apartments, LLC for the development of 0 Grand Boulevard (Tax Parcel 23-243-1). The Authority may convene in closed session pursuant to Sections 19.85(1)(e), Wis. Stats., for purposes of deliberating or negotiating the sale of public properties, investing of public funds or conducting other specified public business as necessary for competitive or bargaining reasons. The Authority may thereafter reconvene in open session pursuant to Section 19.85(2), Wis. Stats., to report the results of the closed session and consider the balance of the agenda. Moved by William VandeCastle, seconded by Erin Edwards to open the floor for the public to speak. Motion carried. Yes-William VandeCastle, Stephen Srubas, Randy Scannell, Erin Edwards, Sandra Popp, No:None, Abstain:None Cheryl Renier-Wigg speaks 9:05AM. Ted Matkom speaks 9:10AM. Moved by Randy Scannell, seconded by Erin Edwards to close the floor for the public to speak. Motion carried. Yes-William VandeCastle, Stephen Srubas, Randy Scannell, Erin Edwards, Sandra Popp, No:None, Abstain:None Moved by William VandeCastle, seconded by Erin Edwards to approve the loan with Grand Boulevard Apartments, LLC for the development of 0 Grand Boulevard (Tax Parcel 23-243- 1). Motion carried. Yes-William VandeCastle, Stephen Srubas, Randy Scannell, Erin Edwards, Sandra Popp, No:None, Abstain:None  F. INFORMATIONAL. 1. GBHA Bills. Stephanie Schmutzer presents the GBHA Bills. No action needed. 2. GBHA Financial Report. Stephanie Schmutzer presents the GBHA Bills. No action needed. 3. Next Meeting: Thursday, August 21, 2025. Cheryl Renier-Wigg presents the Director's Report. No action needed. Moved by Randy Scannell, seconded by William VandeCastle to open the floor for the public to speak. Motion carried. Yes-William VandeCastle, Stephen Srubas, Randy Scannell, Erin Edwards, Sandra Popp, No:None, Abstain:None Ted Matkom speaks 9:18AM. Moved by Randy Scannell, seconded by Erin Edwards to close the floor for the public to speak. Motion carried. Yes-William VandeCastle, Stephen Srubas, Randy Scannell, Erin Edwards, Sandra Popp, No:None, Abstain:None Jayme Valentine presents the Occupancy Report. No action needed. G. ADJOURNMENT. 1. Adjournment of the Wednesday, July 30, 2025, meeting of the Green Bay Housing Authority. Moved by Randy Scannell, seconded by Erin Edwards to adjourn the Wednesday, July 30, 2025, Special Meeting of the Green Bay Housing Authority. Motion carried. Yes-William VandeCastle, Stephen Srubas, Randy Scannell, Erin Edwards, Sandra Popp, No:None, Abstain:None  Report to the Housing Authority of the City of Green Bay MEETING DATE PREPARED BY November 20, 2025 Stephanie Schmutzer, Staff AGENDA ITEM # E.1 Consideration with possible action to consider initial resolution No. 2025-04 regarding housing revenue bonds financing for GenCap Green Bay Fire Station Apartments, LLC for the development of 420 S. Broadway, 402 S. Broadway, 421 Arndt Street, and portions of 419 Maple Avenue. BACKGROUND General Capital Group has requested the Green Bay Housing Authority approve a Housing Revenue Bond Resolution, demonstrating intent to issue tax-exempt revenue bonds in the amount of $12,000,000. The bonds would support a $30.5 million affordable housing development proposed at 420 S. Broadway. The property is approximately four acres and is currently owned by the City’s Redevelopment Authority (RDA). The site, formerly known as the Badger Sheet Metal property, was acquired by RDA for blight elimination purposes as part of the City’s Shipyard target area investment strategy. The mixed-use development, called Fire Station Flats Apartments, would include 85 affordable multi-family units, a ground floor commercial unit, a fire station, and administration offices for the Green Bay Metro Fire Department. The housing units will serve households with incomes between 30% and 80% of Area Median Income (AMI), as detailed in the matrix below. The developer has submitted a 4% non-competitive housing tax credit application to the Wisconsin Housing and Economic Development Authority (WHEDA). Housing Trust Funds (HTF) through the Wisconsin Department of Administration are also being requested. 100 North Jefferson Street, Room 608, Green Bay, Wisconsin 54301-5026 (p) 920.448.3400 (f) 920.448.3426 greenbaywi.gov The City’s Department of Community & Economic Development has prioritized expanding the supply of rental housing at all price points. The 2020 Housing Market Study identified a gap of 3,715 units affordable to households at or below 30% of AMI, a surplus of 8,870 units affordable to households between 31–50% of AMI, and a shortage of 1,285 units for households between 51–80% of AMI. The addition of 85 affordable units through this project will help address the undersupply at multiple affordability levels. The Fire Station Apartments project represents a major public-private partnership that advances key community goals: increasing affordable housing supply, modernizing critical fire service infrastructure, remediating a brownfield site, and catalyzing redevelopment along the South Broadway Corridor. In September 2025, RDA and Green Bay’s Common Council approved Development Agreement 25-08, authorizing TIF incentives to support the project. The GBHA’s approval of the Housing Revenue Bonds will further enable this transformative project to move forward, delivering long-term benefits to both residents and the City as a whole. RECOMMENDATION To Approve the initial resolution No. 2025-04 regarding housing revenue bonds financing for GenCap Green Bay Fire Station Apartments, LLC. FISCAL IMPACT ATTACHMENTS 1. Bond Resolution Letter 2. Initial Resolution 2025-04 Housing Revenue Bond Financing page 2 of 2 July 14, 2025 Housing Authority of the City of Green Bay c/o Cheryl Renier-Wigg, Executive Director 100 North Jefferson Street Green Bay, WI. 54301 RE: Housing Revenue Bond Resolution Fire Station Flats Apartment Project 420 South Broadway Dear Members of the Housing Authority: General Capital is taking steps toward securing financing for the Fire Station Flats apartment project located at 420 South Broadway. The project will be financed with a combination of Housing Tax Credit equity, permanent debt and a variety of grants and loans from the City of Green Bay and State of Wisconsin. The $30.5 million project will include 85 residential units, a small commercial space and a Community Serving Facility that will be shared by our residents and the new Green Bay Metro Fire Department’s fire station. We are seeking approval from the Housing Authority of the City of Green Bay to authorize their intent to issue tax-exempt revenue bonds in the amount of $12,000,000. This will allow General Capital to begin qualifying eligible expenses as part of the housing project. We look forward to working the Housing Authority on this long-awaited project in the Shipyard District! We will attend the Housing Authority’s meeting to answer any questions you may have regarding this request. Sincerely, General Capital Group Sig Strautmanis Green Bay Fire Station Flats Aparments Financing Sources First Mortgage Bonds 5,361,299 Fire Department Loan: CSF 5,100,000 EPA Revolving Loan Fund 850,000 TIF Grant 1,600,000 ARPA ERA 1,977,000 Green Bay HOME Funds 550,000 Green Bay HOME ARP Funds 1,000,000 HTF Funds 2,000,000 MM Equity 100 Deferred Fee 59,327 Federal LIHTC Equity 11,994,309 30,492,036  *5((1%$<0,;('86()' 352-(&7 0,;('86($3$570(176),5('(3$570(17 6%52$':$< *5((1%$<:, ''6(7 *5((1%$<0,;('86()' 0,;('86($3$570(176),5('(3$570(17 352)(66,21$/6($/ 6%52$':$< *5((1%$<:, *(1(5$/&$3,7$/*5283 16$17$021,&$%/9' )2;32,17:, '(6,*1%8,/'68%&2175$&72567%' 352-(&7180%(5  &,9,/ /$1'6&$3( 6758&785$/ $5&+,7(&785$/ ),5(3527(&7,21 3/80%,1* 0(&+$1,&$/ (/(&75,&$/ 352-(&77($0 7+(6,*0$*5283 7+(6,*0$*5283 3,(5&((1*,1((56,1& (1*%(5*$1'(5621 :(67&$1$/67 :(67&$1$/67 1%52$':$<$9( ($67%8))$/2675((768,7( 0,/:$8.((:, 0,/:$8.((:, 0,/:$8.((:, 0,/:$8.((:, 3+    3+    3+    3+   ZZZHQJEHUJDQGHUVRQFRP /2:92/7$*( 2:1(53529,'('6&23(3/$16)255() & 6,7(6859(< 6 ),5676758&785$/6+((7 $ 6<0%2/6 $%%5(9,$7,216 & 6,7(35(3$5$7,21 (526,21&21752/3/$1 6 *(1(5$/127(6 $ &2'(&21)250$1&( /9& 6,7(3/$1&$0(5$6 & 62,/0$1$*(0(173/$1 6 '(6,*1&5,7(5$ $ &2'(&21)250$1&( /9& 67)/225&$0(5$3/$1 & 6,7(3/$1 6 &21&5(7('(9(/230(17$1'/$363/,&( $ $&&(666,%,/,7< /9& 1')/225&$0(5$3/$1 6&+('8/(6 6+((76 & 29(5$//*5$',1*3/$1 $ :+('$5(48,5(0(176 /9& 5')/225&$0(5$3/$1 & *5$',1*3/$1 6 /2$',1*3/$16 $ $5&+,7(&785$/6,7(3/$1 /9& 7+)/225&$0(5$3/$1 & *5$',1*3/$1 6 /2$',1*3/$16 $ 29(5$//)/2253/$16 /9& 7+)/225&$0(5$3/$1 & 87,/,7<3/$1 6 6(&21')/225)5$0,1*3/$1 $ 29(5$//)/2253/$16 & (526,21&21752/'(7$,/6 6 7+,5')/225)5$0,1*3/$1 $ 29(5$//)/2253/$16 & '(7$,/6 6 )2857+)/225)5$0,1*3/$1 $ 67)/2253/$1 /9$& 6,7(3/$1$&&(66&21752/ & '(7$,/6 6 ),)7+)/225)5$0,1*3/$1 $ 1')/2253/$1 /9$& 67)/225$&&(66&21752/3/$1 & 63(&,),&$7,216 6 522))5$0,1*3/$1 $ 5')/2253/$1 /9$& 1')/225$&&(66&21752/3/$1 & 63(&,),&$7,216 6 7<3,&$/)281'$7,21'(7$,/6 $ 7+)/2253/$1 /9$& 5')/225$&&(66&21752/3/$1 6 )281'$7,21:$//'(7$,/6 $ 7+)/2253/$1 /9$& 7+)/225$&&(66&21752/3/$1 6 6/$%21*5$'('(7$,/6 $ 522)3/$1 /9$& 7+)/225$&&(66&21752/3/$1 6 7<3,&$/35(&$67'(7$,/6 $ 67)/2255&3 6 :22'6&+('8/(6 '(7$,/6 $ 1')/2255&3 6 :22'6&+('8/(6 '(7$,/6 /9: 6,7(3/$1:,), 906 9$3250,7,*$7,216<67(068%6/$%&20321(176 $ 5')/2255&3 6 :22')/225'(7$,/6 /9: 67)/225:,),3/$1 906 9$3250,7,*$7,26<67(0'(7$,/6 $ 7+)/2255&3 6 :22')/225'(7$,/6 /9: 1')/225:,),3/$1 $ 7+)/2255&3 6 :22'522)'(7$,/6 /9: 5')/225:,),3/$1 $ (1/$5*('81,73/$16 6 :22'522)%$/&21<'(7$,/6 /9: 7+)/225:,),3/$1 $ (1/$5*('81,73/$16 6 7<3,&$/0$6215<'(7$,/6 /9: 7+)/225:,),3/$1 $ (1/$5*('81,73/$16 $ (1/$5*('81,73/$16 $ (1/$5*('81,73/$16 $ (1/$5*('81,73/$16 81,70$75,; $ (1/$5*('81,73/$16 81,7'$7$ 81,763(5)/225 '(6,*15(4 $5($727$/6 $ (1/$5*('81,73/$16 81,77<3( 81,7180%(5 %(' '(1 %$7+ 1/6) *6) 67 1' 5' 7+ 7+ :+('$ 7<3($ 52//,1 +20( $9 727$/6 1/6) *6) $ (1/$5*('81,73/$16 $                    $ (1/$5*('81,73/$16 $:+('$7<3($                     %(' $ (1/$5*('&20021$5($3/$16 %:+('$                    1/6) $ (;7(5,25(/(9$7,216 1/6)$9* $ (;7(5,25(/(9$7,216 &                    $ :,1'2:7<3(6 6725()52176 &:+('$                    *6) $ %8,/',1*6(&7,216 '                    *6)$9*  $ %8,/',1*6(&7,216 $ %8,/',1*6(&7,216 ':+('$7<3($                    $ :$//6(&7,216 ':+('$                    $ :$//6(&7,216 (                    $ :$//6(&7,216 $                    $ (1/$5*('67$,5(/(975$6+3/$16 6(&7 %                     %(' $ (1/$5*('67$,53/$16 6(&7,216 &                    1/6) 1/6)$9* $ '(7$,/6 &                    $ %$/&21<7<3(6$1''(7$,/6 ':+('$7<3($                    *6) $ :$//7<3(6 ':+('$                    *6)$9* ,668(')25 $ &216758&7,21$66(0%/,(6 (;7:$//7<3(6 (                    $ '2256&+('8/( 7<3(6 (:+('$7<3($                   $ ),1,6+.(< 6&+('8/(6 ''6(7  )                    $ 67)/225),1,6+3/$1 3$5.,1* *$5$*( 685)$&( $ 7<3)/225),1,6+3/$1 727$/              1/6)$9*   81,76 *6)$9* $ ,17(5,25(/(9$7,216 5(9,6,216 $ ,17(5,25(/(9$7,216  12 '(6&5,37,21 '$7( 83'$7(' ''6(7 %8,/',1*$5($6 *6) 3$5.,1*&2817 /2&$7,21 727$/ 64)7 3$5.,1*/2&$7,21 2)63$&(6 67)/225  685)$&( ,1&/8'(6$'$$'$9$1  127)25&216758&7,21 1')/225  (1&/26(' ,1&/8'(6$'$$'$9$1   5')/225  727$/63$&(63529,'('  7+)/225  7+)/225  727$/$5($  0($685('722876,'()$&(2)(;7(5,25:$//66((&2'(&21)250$1&(3/$16)25 %8,/',1*$5($65(/$7('72,%&&+'(),1,7,21$5($%8,/',1*83'$7(' '()(55('68%0,77$/6 '5$:1%< $87+25! 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[2025-04] INITIAL RESOLUTION REGARDING HOUSING REVENUE BOND FINANCING FOR GenCap Green Bay Fire Station Apartments, LLC Project WHEREAS, the Housing Authority of the City of Green Bay, Wisconsin (the “Authority”), is a public body corporate and politic duly organized and existing under the laws of the State of Wisconsin and vested with the powers under Sections 66.1201 to 66.1211 of the Wisconsin Statutes, as amended (the “Act”), to carry out housing projects in the City of Green Bay, Wisconsin (the “City”); and WHEREAS, bonds issued pursuant to the Act are to be payable solely from the income, proceeds, revenues, and funds of the Authority derived from projects under the Act; and WHEREAS, GenCap Green Bay Fire Station Apartments, LLC, a Wisconsin limited liability company (the “Borrower”), desires to finance the (i) construction of a new unit apartment building with an attached new fire station for the City of Green Bay located at 420 S. Broadway and adjacent parcels in the City of Green Bay, Wisconsin to be used for affordable family housing and Fire Station and(ii) payment of professional fees and costs (the “Housing Project”), all of which will contribute to the well-being of the City of Green Bay, Wisconsin; and WHEREAS, the total cost of the Housing Project proposed to be financed with one or more issues or series of tax-exempt revenue bonds issued under the Act does not exceed $12,000,000 (the “Bonds”); and WHEREAS, the Borrower has requested that the Authority now approve an initial resolution (the “Initial Resolution”) to provide financing for the Housing Project with tax-exempt conduit revenue bonds to be issued by the Authority in an amount not to exceed $12,000,000; and WHEREAS, the Authority wishes to promote the development of the Housing Project proposed by the Borrower and is willing to exercise its power to this end. NOW, THEREFORE, BE IT RESOLVED by the Authority as follows: 1. Based upon representations of the Borrower, it is the finding and determination of the Authority that the Borrower’s project is a housing project and is eligible for financing under the Act, and that the purpose of the Authority’s financing costs of the Housing Project is and the effect thereof will be to promote the public purposes set forth in the Act. The Authority shall pursue a financing plan (the “Financing”) under which it will: (a) Finance the Housing Project in an aggregate amount not to exceed $12,000,000 ; and  (b) Issue conduit revenue Bonds in an amount not to exceed $12,000,000 in order to finance costs of the Housing Project; and (c) Enter into one or more agreements (the “Revenue Agreements”) with the Borrower to provide the Authority with revenue sufficient to pay the principal of, premium, if any, and interest on the Bonds when due; and (d) Assign any Revenue Agreements to the owners of the Bonds or to a trustee for their benefit, and enter into any other appropriate arrangements to secure the payment of the Bonds. 2. The aforesaid plan of Financing contemplates and is conditioned upon the following: (a) The Bonds shall not constitute an indebtedness of the Authority or the City within the meaning of the State constitutional provision or statutory limitation. (b) The Bonds shall not constitute or give rise to a pecuniary liability of the Authority or the City or a charge against the City’s or Authority’s general credit or the City’s taxing powers. (c) The Borrower shall be responsible for finding a purchaser or purchasers for all of the Bonds. (d) Prior to the issuance of the Bonds, the Common Council of the City shall have approved the Housing Project pursuant to Section 66.1201(9)(a) of the Wisconsin Statutes. (e) Prior to the issuance of the Bonds, this body, by further resolution, shall have (i) found, based on information provided by the Borrower, that the Housing Project provides dwelling accommodations for persons of low income in accordance with the income standards adopted by the Authority and (ii) authorized and approved all of the terms and conditions of the Bonds and the terms and conditions of the Financing. (f) The Bonds shall be issued pursuant to the Act, and the delivery of the Bonds shall be accompanied by the unqualified approving legal opinion of a nationally recognized firm of bond attorneys as shall be acceptable to the Authority and the Borrower. (g) All out-of-pocket costs of the Authority and City, including attorneys’ fees, in connection with the issuance and sale of the Bonds shall be paid either from the proceeds of the Bonds or by the Borrower. (h) All documents in connection with the issuance of the Bonds shall have been duly executed and delivered by the parties.  3. The appropriate officers of the Authority are authorized to negotiate the terms of the Financing and all related documents will be subject to this Resolution and the Act, and said plan of Financing shall not be legally binding upon the Authority nor be finally implemented unless and until: (a) The details and mechanics of the Financing are authorized and approved by a further resolution of the Authority; (b) Unqualified approving legal opinions of bond counsel, Husch Blackwell LLP, and an opinion of the City Attorney of the City or special counsel to the City and Authority are executed and delivered; and (c) All documents required to consummate the Financing have been duly authorized and delivered. 4. No Bonds shall be issued until the terms and conditions of any guidelines or resolutions governing the issuance of revenue bonds which may be adopted by the Authority have been complied with. 5. The appropriate officers of the Authority are hereby authorized and directed to publish or cause to be published in the official newspaper of the City, a Notice of Public Hearing substantially similar to that attached to this Resolution as Exhibit A, in order to comply with the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended. 6. This Initial Resolution is an “initial resolution” within the meaning of the Act and official action toward issuance of the Bonds for purposes of Sections 103 and 144 of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder. Furthermore, it is the reasonable expectation of the Authority that proceeds of the Bonds may be used to reimburse expenditures made on the Housing Project prior to the issuance of the Bonds. The maximum principal amount of debt expected to be issued for the Housing Project on the date hereof is $12,000,000. This statement of official intent is made pursuant to Treasury Regulations §1.150-2. 7. This Resolution shall be effective immediately upon its passage and approval. Dated: November 20, 2025 HOUSING AUTHORITY OF THE CITY OF GREEN BAY, WISCONSIN By: William Vande Castle, Chairperson By: Cheryl Renier-Wigg, Executive Director  CERTIFICATION BY EXECUTIVE DIRECTOR I, Cheryl Renier-Wigg, being first duly sworn, hereby certify that I am the duly qualified and acting Executive Director of the Housing Authority of the City of Green Bay, Wisconsin (the “Authority”), and as such I have in my possession, or have access to, the complete corporate records of the Authority; that I have carefully compared the transcript attached hereto with the aforesaid records; and that said transcript attached hereto is a true, correct and complete copy of all the records in relation to the adoption of Resolution No. 2025-04 entitled: INITIAL RESOLUTION REGARDING HOUSING REVENUE BOND FINANCING FOR GenCap Green Bay Fire Station Apartments, LLC Project I hereby further certify as follows: 1. Said Resolution was considered for adoption by the Authority at a meeting held at City Hall, 100 North Jefferson Street, Green Bay, Wisconsin, at 10:30 a.m. on November 20, 2025. Said meeting was a regular meeting of the Authority and was held in open session. 2. Said Resolution was on the agenda for said meeting and public notice thereof was given not less than twenty-four (24) hours prior to the commencement of said meeting in compliance with Section 19.84 of the Wisconsin Statutes, including, without limitation, by posting on the bulletin board in the City Hall, by notice to those news media who have filed a written request for notice of meetings, and by notice to the official newspaper of the City of Green Bay. 3. Said meeting was called to order by , who chaired the meeting. Upon roll, I noted and recorded that the following commissioners were present: and that the following commissioners were absent: I noted and recorded that a quorum was present. Various matters and business were taken up during the course of the meeting without intervention of any closed session. One of the matters taken up was said Resolution, which was introduced, and its adoption was moved by and seconded by . Following discussion and after all commissioners who desired to do so had expressed their views for or against said Resolution, the question was called, and upon roll being called and the continued presence of a quorum being noted, the recorded vote was as follows:  AYE: NAY: ABSTAIN: WHEREUPON, the meeting chair declared said Resolution adopted, and I so recorded it. IN WITNESS WHEREOF, I have signed my name and affixed the seal of the Authority hereto on this 20th day of November, 2025. HOUSING AUTHORITY OF THE CITY OF GREEN BAY, WISCONSIN [SEAL] By: Cheryl Renier-Wigg, Executive Director 5  EXHIBIT A NOTICE OF PUBLIC HEARING This notice is not published until the documentation of the Bonds begins. Notice is hereby given, in compliance with requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended, that the Housing Authority of the City of Green Bay, Wisconsin (the “Authority”), will hold a public hearing at 10:30a.m., or as soon thereafter as the matter may be heard, on November 20th, 2025, at City Hall, 100 North Jefferson Street, Green Bay, Wisconsin, regarding the proposed issuance of the Housing Authority of the City of Green Bay, Wisconsin Housing Revenue Bonds, Series 2025 (Monroe Plaza Housing I, LLC Project), in an aggregate amount not to exceed $12,000,000, pursuant to Section 66.1201 of the Wisconsin Statutes, to finance a project to be owned by GenCap Green Bay Fire Station Apartments, LLC, a Wisconsin limited liability company (the “Borrower”). The Borrower’s project consists of the to finance the (i) construction of a new unit apartment building with an attached new fire station for the City of Green Bay located at 420 S. Broadway and adjacent parcels in the City of Green Bay, Wisconsin to be used for affordable family housing and Fire Station and(ii) payment of professional fees and costs (the “Housing Project”). The bonds will be special, limited obligations of the Authority and will not constitute an indebtedness of the Authority within the meaning of any state constitutional provision or statutory limitation or a charge against its general credit. At the hearing, all persons will be afforded a reasonable opportunity to express their views, both orally and in writing, on the proposed bonds and the location and nature of the Housing Project proposed to be financed. Comments made at the public hearing are for the consideration of the Authority but do not bind any legal action to be taken by it. Published: , 2025 Cheryl Renier-Wigg, Executive Director Housing Authority of the City of Green Bay, Wisconsin  Report to the Housing Authority of the City of Green Bay MEETING DATE PREPARED BY November 20, 2025 AGENDA ITEM # F.1 GBHA Bills. BACKGROUND RECOMMENDATION FISCAL IMPACT ATTACHMENTS 1. July Check Report 2. Aug Check Report 3. Sept Check Report 4. Oct Check Report 100 North Jefferson Street, Room 608, Green Bay, Wisconsin 54301-5026 (p) 920.448.3400 (f) 920.448.3426 greenbaywi.gov 12:13 PM Green Bay Housing Authority 11/11/25 Check Detail July 2025 Type Num Date Name Memo Account Paid Amount Check 07/31/2025 Service Cha... 1111.01 · General ... Service Charge 4530.00 · Bank Fees -50.00 TOTAL -50.00 Bill Pmt -Check 7425 07/25/2025 CITY OF GREEN B... p card 1111.01 · General ... Bill 970-12420 7/2/25 07/02/2025 cc fees collec... 1242.00 · Fees coll... -130.48 TOTAL -130.48 Bill Pmt -Check 7426 07/25/2025 Jayme Valentine WAHA meeti... 1111.01 · General ... Bill 78/25 WAHA mee... 07/08/2025 WAHA meeting 4150.00 · Travel -39.00 TOTAL -39.00 Page 1 12:13 PM Green Bay Housing Authority 11/11/25 Check Detail August 2025 Type Num Date Name Memo Account Paid Amount Check 08/31/2025 Service Cha... 1111.01 · General ... Service Charge 4530.00 · Bank Fees -50.00 TOTAL -50.00 Bill Pmt -Check 7427 08/07/2025 CITY OF GREEN B... 1111.01 · General ... Bill 201081 07/29/2025 HR fees 4190.10 · Miscellan... -692.16 Bill 970-12422 7/2025 07/31/2025 wages 4110.00 · Admin Sa... -9,234.16 Benefits 4182.00 · Employe... -2,746.01 TOTAL -12,672.33 Bill Pmt -Check 7428 08/07/2025 HOUSING AUTHO... inst 1111.01 · General ... Bill HG00132794 08/24/2025 liabilty ins on ... 4510.01 · Insurance... -2,500.00 board liability... 4510.01 · Insurance... -750.00 TOTAL -3,250.00 Bill Pmt -Check 7429 08/07/2025 HOUSING INSURA... 1111.01 · General ... Bill HP00135390 08/24/2025 staff liability ins 4510.01 · Insurance... -478.00 staff liability ins 4510.01 · Insurance... -478.00 TOTAL -956.00 Bill Pmt -Check 7431 08/26/2025 Knight Berry Title I... Grand Boule... 1111.01 · General ... Bill loan-Grand Blvd Apt 08/26/2025 Grand Boule... 4590.00 · Other Ge... -350,000.00 TOTAL -350,000.00 Page 1 12:13 PM Green Bay Housing Authority 11/11/25 Check Detail September 2025 Type Num Date Name Memo Account Paid Amount Check 09/30/2025 Service Cha... 1111.01 · General ... Service Charge 4530.00 · Bank Fees -50.00 TOTAL -50.00 Bill Pmt -Check 7432 09/18/2025 CITY OF GREEN B... 1111.01 · General ... Bill 970-12420 8/5/25 08/05/2025 cc fees 1242.00 · Fees coll... -87.16 Bill 970-12422 8/2025 08/31/2025 wages 4110.00 · Admin Sa... -5,907.98 benefits 4182.00 · Employe... -2,169.41 Bill 970-12420 9/2/25 09/02/2025 cc fees 1242.00 · Fees coll... -79.50 Bill 970-12420 9/8/25 09/08/2025 state fee 4190.10 · Miscellan... -26.00 Bill 202724 09/12/2025 copies 4190.01 · Printing -46.01 office supplie... 4190.03 · Paper & ... -55.70 TOTAL -8,371.76 Bill Pmt -Check 7433 09/18/2025 FEDEX mailings 1111.01 · General ... Bill 8-977-88949 09/03/2025 closing docs ... 4190.02 · Postage -49.71 TOTAL -49.71 Bill Pmt -Check 7434 09/18/2025 PHILADELPHIA IN... board ins 1111.01 · General ... Bill 2008460186 08/31/2025 board insurn... 4510.01 · Insurance... -1,196.00 TOTAL -1,196.00 Page 1 12:12 PM Green Bay Housing Authority 11/11/25 Check Detail October 2025 Type Num Date Name Memo Account Paid Amount Check 10/31/2025 Service Cha... 1111.01 · General ... Service Charge 4530.00 · Bank Fees -50.00 TOTAL -50.00 Bill Pmt -Check 7435 10/02/2025 CITY OF GREEN B... wages 1111.01 · General ... Bill 970-12422 9/2025 09/30/2025 wages 4110.00 · Admin Sa... -5,951.48 benefits 4182.00 · Employe... -2,184.29 TOTAL -8,135.77 Bill Pmt -Check 7436 10/17/2025 CITY OF GREEN B... 1111.01 · General ... Bill 203319 10/02/2025 2020 ram 15... 4190.10 · Miscellan... -15,538.00 Bill 970-12420 10/2/25 10/02/2025 cc fees 1242.00 · Fees coll... -87.43 TOTAL -15,625.43 Bill Pmt -Check 7437 10/30/2025 CITY OF GREEN B... 1111.01 · General ... Bill 203792 10/15/2025 mailings 4190.02 · Postage -42.70 Bill 970-12422 10/2025 10/30/2025 wages 4110.00 · Admin Sa... -5,951.47 benefits 4182.00 · Employe... -2,184.95 TOTAL -8,179.12 Bill Pmt -Check 7438 10/30/2025 PHILADELPHIA IN... 1111.01 · General ... Bill 2008620691 10/29/2025 fee 4510.01 · Insurance... -25.00 TOTAL -25.00 Page 1  Report to the Housing Authority of the City of Green Bay MEETING DATE PREPARED BY November 20, 2025 AGENDA ITEM # F.2 GBHA Financial Report. BACKGROUND RECOMMENDATION FISCAL IMPACT ATTACHMENTS 1. FS Report 100 North Jefferson Street, Room 608, Green Bay, Wisconsin 54301-5026 (p) 920.448.3400 (f) 920.448.3426 greenbaywi.gov  Green Bay Housing Authority Budget vs. Actual Green Bay Housing Authority Oct-25 COCC Mason Manor RevBonds TOTAL YTD Budget YTD Budget YTD Budget YTD Budget Total Income 89,563.45 164,628.66 0.00 3,000.00 32,649.28 185,889.53 122,212.73 353,518.19 Total Expense 44,008.32 159,900.00 4,500.00 4,500.00 366,212.71 52,400.00 414,721.03 216,800.00 Net Income 45,555.13 4,728.66 -4,500.00 -1,500.00 -333,563.43 133,489.53 -292,508.30 136,718.19 purchased a truck Loan to Grand Boulevard Apts  Green Bay Housing Authority Budget vs. Actual COCC YTD Budget $ Over Budget % of Budget Income 3510.00 · Management Fee Revenue 0.00 0.00 0.00 0.0% 3610.00 · Int Income 45,399.56 10,000.00 35,399.56 454.0% 3690.01 · Other Income - Ins Dividends 1,212.89 0.00 1,212.89 100.0% 3690.02 · Other Income 42,951.00 104,628.66 -61,677.66 41.05% 3690.03 · Cell Tower Rent 0.00 0.00 0.00 0.0% 9110.00 · Transfers In 0.00 50,000.00 -50,000.00 0.0% Total Income 89,563.45 164,628.66 -75,065.21 54.4% Expense 4110.00 · Admin Salaries 27,045.09 81,000.00 -53,954.91 33.39% 4130.00 · Legal Expense 0.00 2,000.00 -2,000.00 0.0% 4140.00 · Staff Training 0.00 9,000.00 -9,000.00 0.0% 4150.00 · Travel 39.00 200.00 -161.00 19.5% 4171.00 · Auditing Fees 2,875.00 12,000.00 -9,125.00 23.96% 4182.00 · Employee Benefits - Admin 9,284.66 29,500.00 -20,215.34 31.47% 4190.01 · Printing 46.01 500.00 -453.99 9.2% 4190.02 · Postage 42.70 400.00 -357.30 10.68% 4190.03 · Paper & Office Supplies 55.70 500.00 -444.30 11.14% 4190.04 · Publications 0.00 200.00 -200.00 0.0% 4190.05 · Membership Dues & Fees 0.00 400.00 -400.00 0.0% 4190.06 · Computer Support 0.00 5,000.00 -5,000.00 0.0% 4190.10 · Miscellaneous 692.16 15,000.00 -14,307.84 4.61% 4420.00 · Maint - Supplies 0.00 100.00 -100.00 0.0% 4510.01 · Insurance Expenses - Liability 3,728.00 3,500.00 228.00 106.51% 4530.00 · Bank Fees 200.00 600.00 -400.00 33.33% 4590.00 · Other General 0.00 0.00 0.00 0.0% 4800.00 · Depreciation Expense 0.00 0.00 0.00 0.0% 9120.00 · Transfers Out 0.00 0.00 0.00 0.0% Total Expense 44,008.32 159,900.00 -115,891.68 27.52% Net Income/(Loss) 45,555.13 4,728.66 40,826.47 963.38% 0.00  Green Bay Housing Authority Budget vs. Actual Mason Manor YTD Budget $ Over Budget % of Budget Income 3510.00 · Management Fee Revenue 0.00 0.00 0.00 0.0% 3610.00 · Int Income 0.00 3,000.00 -3,000.00 0.0% 3690.01 · Other Income - Ins Dividends 0.00 0.00 0.00 0.0% 3690.02 · Other Income 0.00 0.00 0.00 0.0% 3690.03 · Cell Tower Rent 0.00 0.00 0.00 0.0% 9110.00 · Transfers In 0.00 0.00 0.00 0.0% Total Income 0.00 3,000.00 -3,000.00 0.0% Expense 4110.00 · Admin Salaries 0.00 0.00 0.00 0.0% 4130.00 · Legal Expense 0.00 0.00 0.00 0.0% 4140.00 · Staff Training 0.00 0.00 0.00 0.0% 4150.00 · Travel 0.00 0.00 0.00 0.0% 4171.00 · Auditing Fees 4,500.00 4,500.00 0.00 100.0% 4182.00 · Employee Benefits - Admin 0.00 0.00 0.00 0.0% 4190.01 · Printing 0.00 0.00 0.00 0.0% 4190.02 · Postage 0.00 0.00 0.00 0.0% 4190.03 · Paper & Office Supplies 0.00 0.00 0.00 0.0% 4190.04 · Publications 0.00 0.00 0.00 0.0% 4190.05 · Membership Dues & Fees 0.00 0.00 0.00 0.0% 4190.06 · Computer Support 0.00 0.00 0.00 0.0% 4190.10 · Miscellaneous 0.00 0.00 0.00 0.0% 4420.00 · Maint - Supplies 0.00 0.00 0.00 0.0% 4510.01 · Insurance Expenses - Liability 0.00 0.00 0.00 0.0% 4530.00 · Bank Fees 0.00 0.00 0.00 0.0% 4590.00 · Other General 0.00 0.00 0.00 0.0% 4800.00 · Depreciation Expense 0.00 0.00 0.00 0.0% 9120.00 · Transfers Out 0.00 0.00 0.00 0.0% Total Expense 4,500.00 4,500.00 0.00 100.0% Net Income/(Loss) -4,500.00 -1,500.00 -3,000.00 300.0% 0.00  Green Bay Housing Authority Budget vs. Actual RevBonds YTD Budget $ Over Budget % of Budget Income 3510.00 · Management Fee Revenue 0.00 0.00 0.00 0.0% 3610.00 · Int Income 0.00 5,000.00 -5,000.00 0.0% 3690.01 · Other Income - Ins Dividends 0.00 0.00 0.00 0.0% 3690.02 · Other Income 12,045.00 75,136.84 -63,091.84 16.03% 3690.03 · Cell Tower Rent 20,604.28 105,752.69 -85,148.41 19.48% 9110.00 · Transfers In 0.00 0.00 0.00 0.0% Total Income 32,649.28 185,889.53 -153,240.25 17.56% Expense 4110.00 · Admin Salaries 0.00 550.00 -550.00 0.0% 4130.00 · Legal Expense 0.00 0.00 0.00 0.0% 4140.00 · Staff Training 0.00 0.00 0.00 0.0% 4150.00 · Travel 0.00 0.00 0.00 0.0% 4171.00 · Auditing Fees 625.00 600.00 25.00 104.17% 4182.00 · Employee Benefits - Admin 0.00 250.00 -250.00 0.0% 4190.01 · Printing 0.00 0.00 0.00 0.0% 4190.02 · Postage 49.71 0.00 49.71 100.0% 4190.03 · Paper & Office Supplies 0.00 0.00 0.00 0.0% 4190.04 · Publications 0.00 0.00 0.00 0.0% 4190.05 · Membership Dues & Fees 0.00 0.00 0.00 0.0% 4190.06 · Computer Support 0.00 0.00 0.00 0.0% 4190.10 · Miscellaneous 15,538.00 1,000.00 14,538.00 1,553.8% * 4420.00 · Maint - Supplies 0.00 0.00 0.00 0.0% 4510.01 · Insurance Expenses - Liability 0.00 0.00 0.00 0.0% 4530.00 · Bank Fees 0.00 0.00 0.00 0.0% 4590.00 · Other General 350,000.00 0.00 350,000.00 100.0% # 4800.00 · Depreciation Expense 0.00 0.00 0.00 0.0% 9120.00 · Transfers Out 0.00 50,000.00 -50,000.00 0.0% Total Expense 366,212.71 52,400.00 313,812.71 698.88% Net Income/(Loss) -333,563.43 133,489.53 -467,052.96 -249.88% 0.00 # Loan to Grand Boulevard Apts * purchased a truck  Green Bay Housing Authority Budget vs. Actual TOTAL YTD Budget $ Over Budget % of Budget Income 3510.00 · Management Fee Revenue 0.00 0.00 0.00 0.0% 3610.00 · Int Income 45,399.56 18,000.00 27,399.56 252.22% 3690.01 · Other Income - Ins Dividends 1,212.89 0.00 1,212.89 100.0% 3690.02 · Other Income 54,996.00 179,765.50 -124,769.50 30.59% 3690.03 · Cell Tower Rent 20,604.28 105,752.69 -85,148.41 19.48% 9110.00 · Transfers In 0.00 50,000.00 -50,000.00 0.0% Total Income 122,212.73 353,518.19 -231,305.46 34.57% Expense 4110.00 · Admin Salaries 27,045.09 81,550.00 -54,504.91 33.16% 4130.00 · Legal Expense 0.00 2,000.00 -2,000.00 0.0% 4140.00 · Staff Training 0.00 9,000.00 -9,000.00 0.0% 4150.00 · Travel 39.00 200.00 -161.00 19.5% 4171.00 · Auditing Fees 8,000.00 17,100.00 -9,100.00 46.78% 4182.00 · Employee Benefits - Admin 9,284.66 29,750.00 -20,465.34 31.21% 4190.01 · Printing 46.01 500.00 -453.99 9.2% 4190.02 · Postage 92.41 400.00 -307.59 23.1% 4190.03 · Paper & Office Supplies 55.70 500.00 -444.30 11.14% 4190.04 · Publications 0.00 200.00 -200.00 0.0% 4190.05 · Membership Dues & Fees 0.00 400.00 -400.00 0.0% 4190.06 · Computer Support 0.00 5,000.00 -5,000.00 0.0% 4190.10 · Miscellaneous 16,230.16 16,000.00 230.16 101.44% 4420.00 · Maint - Supplies 0.00 100.00 -100.00 0.0% 4510.01 · Insurance Expenses - Liability 3,728.00 3,500.00 228.00 106.51% 4530.00 · Bank Fees 200.00 600.00 -400.00 33.33% 4590.00 · Other General 350,000.00 0.00 350,000.00 100.0% 4800.00 · Depreciation Expense 0.00 0.00 0.00 0.0% 9120.00 · Transfers Out 0.00 50,000.00 -50,000.00 0.0% Total Expense 414,721.03 216,800.00 197,921.03 191.29% Net Income/(Loss) -292,508.30 136,718.19 -429,226.49 -213.95%  Report to the Housing Authority of the City of Green Bay MEETING DATE PREPARED BY November 20, 2025 AGENDA ITEM # F.3 Director's Report. BACKGROUND RECOMMENDATION FISCAL IMPACT ATTACHMENTS None 100 North Jefferson Street, Room 608, Green Bay, Wisconsin 54301-5026 (p) 920.448.3400 (f) 920.448.3426 greenbaywi.gov  Report to the Housing Authority of the City of Green Bay MEETING DATE PREPARED BY November 20, 2025 AGENDA ITEM # F.4 Occupancy Report. BACKGROUND RECOMMENDATION FISCAL IMPACT ATTACHMENTS None 100 North Jefferson Street, Room 608, Green Bay, Wisconsin 54301-5026 (p) 920.448.3400 (f) 920.448.3426 greenbaywi.gov