CCR2022.017-Bond Reduction-Cobblestone
COMMON COUNCIL – CITY OF MUSKEGO
RESOLUTION #017-2022
APPROVAL OF BOND REDUCTION FOR
HOME PATH FINANCIAL LP (COBBLESTONE)
WHEREAS, Home Path Financial LP entered into a Development Agreement with the
City to construct the Cobblestone Court Development on Janesville Road across from
the entrance to Park Drive; and
WHEREAS, Some of 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, Home Path Financial LP has submitted a request for a reduction to its
Surety Bond; and
WHEREAS, The Public Works and Development Director has recommended that the
bond be reduced by $591,569.73, leaving a remaining balance of $60,651.24.
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 Surety Bond for Home Path Financial LP be reduced by $591,569.73 with a
remaining balance of $60,651.24.
DATED THIS 18th DAY OF MARCH 2021.
SPONSORED BY:
FINANCE COMMITTEE
This is to certify that this is a true and accurate copy of Resolution #017-2022, which
was adopted by the Common Council of the City of Muskego.
Clerk-Treasurer
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