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RESOLUTION NO. 33-90 <br />A RESOLUTION RELEASING IRREVOCABLE LETTER OF CREDIT NO. <br />5459S FROM NBD ELK GROVE BANK EXPIRING MARCH 27, 1990 IN <br />THE AMOUNT OF $1,128.00 PREVIOUSLY ACCEPTED BY RESOLUTION <br />NO. 25-89 TO GUARANTEE COMPLETION OF PUBLIC IMPROVEMENTS <br />AT 1800 LUNT AVENUE (Edital Corp) <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 Du Page, 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. 5459S from NBD <br />Elk Grove Bank in the amount of $1,128.00 previously accepted by Resolution <br />No. 25-89 to guarantee completion of public improvements for Edital <br />Corporation, 1800 Lunt Avenue, in accordance with the Engineering Plans <br />and specifications prepared by Norman J. Toberman and Associates and <br />approved March 17, 1989. Said Letter of Credit expiring March 27, 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 12th day of June , 1990. <br />APPROVED this 12th day of June , 1990. <br />Charles J. Zettek <br />Village President <br />ATTEST: <br />Patricia S. Smith <br />Village Clerk <br />