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CCR2025.072-Bond Reduction-Russet LLCCOMMON COUNCIL — CITY OF MUSKEGO RESOLUTION #072-2025 APPROVAL OF BOND REDUCTION FOR RUSSET LLC WHEREAS, Russet LLC entered into a Development Agreement with the City for the Apple Hills Subdivision development located on the west side of Hillendale Drive; and WHEREAS, the project has started construction; and WHEREAS, Russet LLC has submitted a request for a reduction to its Bond based on construction work performed; and WHEREAS, the Public Works and Development Director has recommended that the bond be reduced by $345,031.37, leaving a remaining balance of $709,053.63. 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 Bond for Russet, LLC be reduced by $345,031.37 with a remaining balance of $709,053.63. DATED THIS 11th DAY OF NOVEMBER 2025. SPONSORED BY: FINANCE COMMITTEE This is to certify that this is a true and accurate copy of Resolution #072-2025, which was adopted by the Common Council of the City of Muskego. City Clerk, Kerri Roller 11/25cmc