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RESOLUTION NO. 18-92 <br />A RESOLUTION RELEASING IRREVOCABLE LETTER OF CREDIT NO. <br />4930S FROM THE NBD ELK GROVE BANK EXPIRING DECEMBER 31, <br />1988 IN THE AMOUNT OF $3,229.00 PREVIOUSLY ACCEPTED BY <br />RESOLUTION NO. 53-88 TO GUARANTEE COMPLETION OF PUBLIC <br />IMPROVEMENTS AT 921 LIVELY BLVD. (FORMERLY 1200 LANDMEIER <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 <br />of Illinois: <br />Section 1: That the President and Board of Trustees do hereby <br />authorize the release of Irrevocable Letter of Credit No. 49305 from the <br />NBD Elk Grove Bank in the amount of $3,229.00 previously accepted by <br />Resolution No. 53-88 to guarantee completion of public improvements at 921 <br />Lively Blvd. (formerly 1200 Landmeier Road), Gullo International <br />Development Corporation, in accordance with the approved plans and <br />specifications prepared by Norman J. Toberman & Associates, approved June <br />30, 1988 with revisions dated March 1, 1988. Said Letter of Credit <br />expiring December 31, 1988. <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 <br />this <br />24th <br />day <br />of March <br />1992• <br />APPROVED <br />this <br />24th <br />day <br />of March <br />1992. <br />Charles J. Zettek <br />Village President <br />ATTEST: <br />Ann I. Head <br />Deputy Village Cler <br />