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CCR2019092-LOC Muskego Lakes Estates COMMON COUNCIL - CITY OF MUSKEGO RESOLUTION #092-2019 APPROVAL OF REDUCTION TO LETTER OF CREDIT FOR MUSKEGO LAKES ESTATES LLC WHEREAS, Muskego Lakes Estates LLC has submitted a request for a reduction to the Letter of Credit; and WHEREAS, The Public Works and Development Director and Finance Committee have recommended that the Letter of Credit be reduced by $88,011.00, leaving a remaining balance of $1,770,702.00. 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 Muskego Lakes Estates LLC be reduced by $88,011.00 TH DATED THIS 12 DAY OF NOVEMBER 2019. SPONSORED BY: FINANCE COMMITTEE This is to certify that this is a true and accurate copy of Resolution #092-2019, which was adopted by the Common Council of the City of Muskego. ______________________________ Clerk-Treasurer 11/19jmb