CCR2010076-LOC-James
COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #076-2010
APPROVAL OF LETTER OF CREDIT REDUCTION
Gail James
WHEREAS, A Letter of Credit was required for two Certified Survey Maps approved for
Gail James; and
WHEREAS, The Community Development Director has recommended a Letter of
Credit reduction in the amount of $263,988.80; and
WHEREAS, Gail James will submit a cash deposit in the amount of $25,000 for the
completion of the improvements; and
WHEREAS, The Finance Committee has recommended that the Letter of Credit for
Gail James be reduced by $263,988.80
NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of
Muskego, upon the recommendation of the Finance Committee, does hereby approve a
Letter of Credit reduction for Gail James in the amount of $263,988.80 and a Letter of
Credit removal with Ms. James submitting a cash deposit in the amount of $25,000 to
cover the balance of improvements for the original project under the original Letter of
Credit terms.
ND
DATED THIS 22 DAY OF JUNE , 2010.
SPONSORED BY:
FINANCE COMMITTEE
Ald. Tracy Snead
Ald. Noah Fiedler
Ald. Keith Werner
This is to certify that this is a true and accurate copy of Resolution #076-2010 which
was adopted by the Common Council of the City of Muskego.
______________________________
Clerk-Treasurer
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