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CCR2012119-LOC-Oak Ridge Glen COMMON COUNCIL - CITY OF MUSKEGO RESOLUTION #119-2012 APPROVAL OF LETTER OF CREDIT REDUCTION Oak Ridge Glen Subdivision WHEREAS, Developer Wayne Borchardt has submitted a request for a letter of credit reduction for the Oak Ridge Glen Subdivision; and WHEREAS, The City Engineer and Finance Committee have recommended that the letter of credit for the Oakridge Glen Subdivision be reduced by $194,644. 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 reduction in the letter of credit for Oak Ridge Glen Subdivision in the amount of $194,644. TH DATED THIS 11 DAY OF DECEMBER , 2012. SPONSORED BY: FINANCE COMMITTEE Ald. Neil Borgman Ald. Neome Schaumberg Ald. Dan Soltysiak This is to certify that this is a true and accurate copy of Resolution #119-2012 which was adopted by the Common Council of the City of Muskego. ______________________________ Clerk-Treasurer 12/12jmb