CCR2023.054-Bond Reduction-Home Path FinCOMMON COUNCIL — CITY OF MUSKEGO
RESOLUTION #054-2023
APPROVAL OF BOND REDUCTION FOR
Home Path Financial LP
WHEREAS, Home Path Financial LP (Cobblestone) entered into a Development
Agreement with the City to construct the Cobblestone Court development on Janesville
Road across from the entrance to Park Drive; and
WHEREAS, The project has been completed per the Development Agreement and to
the satisfaction of the Director of Public Works and Development; and
WHEREAS, Home Path Financial LP has submitted a request for a reduction to its
Performance Bond; and
WHEREAS, The Public Works and Development Director has recommended that the
bond be reduced by $60,651.24, 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 Performance Bond for Home Path Financial LP be reduced by $60,651.24 with
a remaining balance of $0.00.
DATED THIS 5th DAY OF SEPTEMBER 2023.
SPONSORED BY:
FINANCE COMMITTEE
This is to certify that this is a true and accurate copy of Resolution #054-2023, which
was adopted by the Common Council of the City of Muskego.
City Clerk
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