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CITY OF NOVI CITY COUNCIL OCTOBER 7, 2019SUBJECT: Approval to accept the residential streets as part of The Preserve at Island Lake (Phase 8) and adoption of Act 51 New Street Resolution accepting

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Acceptance of an open refers to the formal acknowledgment by a party that they agree to the terms outlined in an open contract or agreement.

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The purpose of acceptance of an open is to create a legally binding agreement between the parties involved, ensuring clarity and mutual consent regarding the terms.

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Information that must be reported includes the names of the parties involved, the date of acceptance, the terms of the agreement, and any relevant signatures.

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