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RESOLUTION NO. 2-90 <br />A RESOLUTION AMENDING LETTERS OF CREDIT ADOPTED BY RESOLUTION <br />NO. 21-83 AND AMENDED BY RESOLUTION NO. 96-85 and 97-86, FROM <br />AMERIBANC/ELK GROVE NO. 16505, $8,530.50; NO. 1651S, $25,230; <br />AND NO. 16525, $16,500; GUARANTEEING THE CONSTRUCTION OF PUBLIC <br />IMPROVEMENTS IPI THE GULLO INTERNATIONAL OFFICE AND INDUSTRIAL <br />CENTER SUBDIVISION NORTH OF OAKTON STREET EXPIRING NOV.12, 1990 <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 and placing on file three (3) amended Letters of <br />Credit totaling $51,260.50 from the US Ameribanc/Elk Grove, guaranteeing <br />the construction of public improvements; sidewalk work, streets, curbs, <br />water mains, sanitary sewers, storm sewers, and street lights in the <br />development known as Gullo International Office and Industrial Center in <br />accordance with the plans and specifications prepared by the Chia Company, <br />5732 Gardner Court, Hanover Park, Illinois and approved on October 11, <br />1979. Letter of Credit No. 16505, No. 16515, and No. 16525 expire November <br />12, 1990. <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 9th day of January , 1990. <br />APPROVED this 9th <br />ATTEST: <br />Patricia S. Smith <br />Village Clerk <br />day of January , 1990. <br />Charles J. Zettek <br />Village President <br />