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CCR2006199. . . COMMON COUNCIL - CITY OF MUSKEGO RESOLUTION #199-2006 APPROVAL OF LETTER OF CREDIT REDUCTIONS Oakridge Glen, MRED Commercial and Woodland Creek WHEREAS, Engineering/Building Inspection Director McMullen submitted the following requests for letter of credit reductions: Oakridge Glen MRED Commercial Woodland Creek $ 620,615.25 $ 44,285.30 $1,163,735.00 WHEREAS, The Finance Committee has recommended that the letters of credit for the developments named above be reduced. NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of Muskego, upon the recommendation of the Finance Committee, does hereby approve the following letter of credit reductions: Oakridge Glen MRED Commercial Woodland Creek $ 620,615.25 $ 44,285.30 $1,163,735.00 DATED THIS 24th DAY OF October ,2006. SPONSORED BY: FINANCE COMMITTEE Ald. Nancy Salentine Ald. Eileen Madden Ald. Neil Borgman This is to certify that this is a true and accurate copy of Resolution #199-2006 which was adopted by the Common Council of the City of Muskego. 10/06jmb