CCR2022.066-Bond Reduction-DCEN, LLC
COMMON COUNCIL – CITY OF MUSKEGO
RESOLUTION #066-2022
APPROVAL OF BOND REDUCTION FOR
DCEN, LLC
WHEREAS, DCEN, LLC entered into a Development Agreement with the City for the
development on Crowbar Drive just north of Kelsey Drive; and
WHEREAS, A large majority of the work associated with the public infrastructure for the
project has been completed per the Development Agreement and to the satisfaction of
the Director of Public Works and Development; and
WHEREAS, DCEN, LLC has submitted a request for a reduction to its Surety Bond; and
WHEREAS, The Public Works and Development Director has recommended that the
bond be reduced by $826,904.00, leaving a remaining balance of $40,620.00.
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 Surety Bond for DCEN, LLC be reduced by $826,904.00 with a remaining
balance of $40,620.00.
DATED THIS 23rd DAY OF AUGUST 2022.
SPONSORED BY:
FINANCE COMMITTEE
This is to certify that this is a true and accurate copy of Resolution #023-2022, which
was adopted by the Common Council of the City of Muskego.
Clerk-Treasurer
8/22cmc