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RESOLUTION NO. 67-93 <br /> A RESOLUTION RELEASING LETTER OF CREDIT NO. 1952 (ACCEPTED BY <br /> RES. NO. 62-92) AND ACCEPTING CERTIFICATE OF APPROVAL AND INITIAL <br /> ACCEPTANCE; DEED OF CONVEYANCE/BILL OF SALE; MAINTENANCE BOND <br /> IN THE AMOUNT OF $22,000 EXPIRING OCTOBER 26, 1995 GUARANTEEING <br /> MAINTENANCE OF PUBLIC IMPROVEMENTS FOR FAIRMONT ESTATES SUBDIVISION <br /> NOW, THEREFORE, RE 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 release of Letter of Credit No. 1952, accepted by Resolution <br /> No. 62-92, in the amount of $241,994.00 guaranteeing the completion and <br /> interim maintenance of public improvements. <br /> Section 2- That the President and Board of Trustees do hereby accept <br /> a Certificate of Approval and Initial Acceptance, Deed of Conveyance/Bill <br /> of Sale, and Maintenance Bond in the amount of $22,000 expiring October 26, <br /> 1995 guaranteeing the maintenance of public improvements for Fairmont <br /> Estates Subdivision as described in the engineering plans and <br /> specifications prepared by Intech Consultants , Inc. , 5413 Walnut Avenue, <br /> Downers Grove, Illinois 60515. <br /> Section 3: 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 Clerk <br />