CCR2020039-Bond-Community Holdings
COMMON COUNCIL – CITY OF MUSKEGO
RESOLUTION #039-2020
APPROVAL OF REDUCTION OF BOND AMOUNT
FOR COMMUNITY HOLDINGS, LLC
The Waters of Lake Denoon
WHEREAS, Community Holdings, LLC, the developer of The Waters of Lake Denoon,
has submitted a request for a reduction to the original bond for the project in the amount
of $1,677,841.68; and
WHEREAS, The Public Works and Development Director has recommended that the
bond be reduced by $1,421,311.68, leaving a remaining balance of $256,530.00,
because a large portion of the sanitary sewer, storm sewer, grading and road
construction for the project has been completed.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of the City of
Muskego does hereby approve a $1,421,311.68 reduction in the bond amount for
Community Holdings, LLC leaving a balance of $256,530.00.
DATED THIS 12th DAY OF MAY 2020.
SPONSORED BY:
Common Council President
Robert Wolfe
This is to certify that this is a true and accurate copy of Resolution #039-2020, which
was adopted by the Common Council of the City of Muskego.
Deputy Clerk
5/20jmb