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RESOLUTION NO. 28-90 <br />A RESOLUTION RELEASING MAINTENANCE BOND NO. 5344114 FROM SAFECO <br />INSURANCE COMPANIES EXPIRING MAY 31, 1989 IN THE AMOUNT OF <br />$383,586.00 ACCEPTED BY RES. 58-87 FOR CENTEX SECTION 23A; <br />SECTION 23B RESUBDIVISIONS 1, 2, AND 3; SECTIONS 24 and 25 <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 />authorized the release of Maintenance Bond No. 5344114 from Safeco <br />Insurance Companies in the amount of $383,586.00 previously accepted by <br />Resolution No. 58-87 to guarantee material and workmanship of all <br />public improvements constructed within Centex Subdivision Sections 23A; <br />23B Resubdivisions 1, 2, and 3; and Sections 24 and 25. Said Maintenance <br />Bond expired May 31, 1989. <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 <br />April <br />1990. <br />APPROVED <br />this <br />24th <br />day <br />of <br />April <br />1990. <br />Charles J. Zettek <br />Village President <br />ATTEST: <br />Patricia S. Smith <br />i age er <br />