CCR2020010-LOC Muskego Lakes Estates
COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #010-2020
APPROVAL OF REDUCTION TO LETTER OF CREDIT
FOR MUSKEGO LAKES ESTATES LLC
WHEREAS, The developer of 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 $510,653.47, leaving a remaining
balance of $1,260,048.53.
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 $510,653.47.
TH
DATED THIS 11 DAY OF FEBRUARY 2020.
SPONSORED BY:
FINANCE COMMITTEE
This is to certify that this is a true and accurate copy of Resolution #010-2020, which
was adopted by the Common Council of the City of Muskego.
______________________________
Clerk-Treasurer
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