CCR2021087-Bond-Community Holdings
COMMON COUNCIL – CITY OF MUSKEGO
RESOLUTION #087-2021
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 $256,530.00; and
WHEREAS, The Public Works and Development Director has recommended that the
bond be reduced by $256,530.00, leaving a remaining balance of zero, because all
work associated with 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, upon the recommendation of the Finance Committee, does hereby approve a
$256,530.00 reduction in the bond amount for Community Holdings, LLC leaving a
balance of zero.
DATED THIS 28th DAY OF SEPTEMBER 2021.
SPONSORED BY:
FINANCE COMMITTEE
This is to certify that this is a true and accurate copy of Resolution #087-2021, which
was adopted by the Common Council of the City of Muskego.
Deputy Clerk
9/21jmb