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RESOLUTION NO. 65-93 <br /> A RESOLUTION AMENDING THE EXPIRATION DATE OF IRREVOCABLE <br /> LETTER OF CREDIT NO. 305810 (ACCEPTED BY RES. NO. 76-84, <br /> AMENDED BY RES. NO. 50-91) FROM FIRST CHICAGO BANK IN <br /> THE AMOUNT OF SIO,000.00 TO INSURE FAITHFUL PERFORMANCE <br /> BY GRANTEE, CONTINENTAL CABLEVISION OF NORTHERN COOK COUNTY <br /> EXPIRING OCTOBER 22, 1994 <br /> NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees <br /> of the Village of Elk Grove Village, Counties of Cook and DuPage, State of <br /> Illinois: <br /> Section 1: That the President and Board of Trustees do hereby <br /> authorize the acceptance of an amendment to the expiration date of <br /> Irrevocable Letter of Credit No. 305810 from First Chicago Bank, in the <br /> amount of $10,000.00 previously acceptpd by Resolution No. 76-84 and <br /> amended by Resolution No. 50-91, to insure the faithful performance by <br /> grantee, Continental Cablevision of Northern Cook County, of all provisions <br /> of the franchise agreement. Said Letter of Credit expiring October 22, <br /> 1994. <br /> Section 2: That this Resolution shall be in full force and effect <br /> from and after its passage and approval according to law. <br /> PASSED this 26th day of October , 1993. <br /> APPROVED this 26th day of October , 1993. <br /> Dennis J. Gallitano <br /> Village President <br /> ATTEST: <br /> Patricia S. Smith <br /> Village C-lerk <br />