CCR2022.063-LOC-PEGARL
COMMON COUNCIL – CITY OF MUSKEGO
RESOLUTION #063-2022
APPROVAL OF LETTER OF CREDIT REDUCTION FOR
PEGARL LLP
WHEREAS, PEGARL LLP entered into a Developer’s Agreement with the City for the
development on Crowbar Drive across from the entrance to The Waters of Denoon
project; and
WHEREAS, The project has been progressing well and work associated with the public
infrastructure has been completed; and
WHEREAS, As a result thereof, the PEGARL LLP has submitted a request for a
reduction to the Letter of Credit; and
WHEREAS, The Public Works and Development Director has recommended that the
Letter of Credit be reduced by $39,116.00, leaving a remaining balance of $0.00.
NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of
Muskego, upon the recommendation of the Finance Committee, does hereby approve
that the Letter of Credit for PEGARL LLP be reduced from $39,116.00 to $0.00.
DATED THIS 26th DAY OF JULY 2022.
SPONSORED BY:
FINANCE COMMITTEE
This is to certify that this is a true and accurate copy of Resolution #063-2022, which
was adopted by the Common Council of the City of Muskego.
Clerk-Treasurer
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