CCR2022.078-LOC-Hrin Investments
COMMON COUNCIL – CITY OF MUSKEGO
RESOLUTION #078-2022
APPROVAL OF LETTER OF CREDIT REDUCTION FOR
Hrin Investments, LLC
WHEREAS, Hrin Investments, LLC entered into a Developer’s Agreement with the City
for the development on Parker Drive (Madyson Court) just south of the Field of Dreams
development; and
WHEREAS, A majority of the work associated with the public infrastructure has been
completed per the Development Agreement and to the satisfaction of the Director of
Public Works and Development; and
WHEREAS, As a result thereof, Hrin Investments, LLC has submitted a request for a
reduction to its Letter of Credit; and
WHEREAS, The Public Works and Development Director has recommended that the
Letter of Credit be reduced by $82,675.61, leaving a remaining balance of $44,688.00.
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 Hrin Investments, LLC be reduced from $127,345.61 to
$44,688.00.
DATED THIS 13th DAY OF SEPTEMBER 2022.
SPONSORED BY:
FINANCE COMMITTEE
This is to certify that this is a true and accurate copy of Resolution #078-2022, which
was adopted by the Common Council of the City of Muskego.
Clerk-Treasurer
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