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CCR2021003-Cash Deposit-Kwik Trip COMMON COUNCIL – CITY OF MUSKEGO RESOLUTION #003-2021 APPROVAL OF REDUCTION OF CASH DEPOSIT FOR KWIK TRIP, INC. WHEREAS, Kwik Trip, Inc. entered into a Development Agreement with the City to construct a Kwik Trip Convenience Store at the corner of Janesville Road and College Avenue; and WHEREAS, The work associated with the public infrastructure for the project has been completed per the Development Agreement and to the satisfaction of the Director of Public Works and Development; and WHEREAS, Kwik Trip, Inc. has submitted a request for a reduction to their cash deposit; and WHEREAS, the Public Works and Development Director has recommended that the cash deposit be reduced by $287,539.14, leaving a remaining balance of zero. 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 cash deposit for Kwik Trip, Inc. be reduced by $287,539.14 with a remaining balance of zero. TH DATED THIS 12 DAY OF JANUARY 2021. SPONSORED BY: FINANCE COMMITTEE This is to certify that this is a true and accurate copy of Resolution #003-2021, which was adopted by the Common Council of the City of Muskego. Deputy Clerk 1/21jmb