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CCR2022.004-Cash Deposit-Dillet Inv, LLC COMMON COUNCIL – CITY OF MUSKEGO RESOLUTION #004-2022 APPROVAL OF REDUCTION OF CASH DEPOSIT FOR DILLET INVESTMENTS, LLC WHEREAS, Dillet Investments, LLC entered into a Development Agreement with the City to construct sanitary sewer for the two-lot development near the northeast corner of Durham Drive and McShane Drive; and WHEREAS, The project has been progressing well and a significant amount of public infrastructure has been completed; and WHEREAS, As a result thereof, Dillet Investments, LLC 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 $52,469.28, leaving a remaining balance of $17,220.72. 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 Dillet Investments, LLC be reduced from $69,690.00 to $17,220.72. DATED THIS 25th DAY OF JANUARY 2022. SPONSORED BY: FINANCE COMMITTEE This is to certify that this is a true and accurate copy of Resolution #004-2022, which was adopted by the Common Council of the City of Muskego. Clerk-Treasurer 01/22cmc