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RESOLUTION NO, 6-82 <br /> A RESOLUTION ACCEPTING A CONTINUATION CERTIFICATE TO A SUBDIVISION <br /> BOND FROM SAFECO INSURANCE COMPANIES, NO.2881701 IN THE AMOUNT OF <br /> $1 ,414,128.00 FILED WITH THE VILLAGE BY CENTEX HOMES MIDWEST, INC. <br /> GUARANTEEING THE CONSTRUCTION OF PUBLIC IMPROVEMENTS IN WINSTON GROVE <br /> SECTION 23 B <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 so hereby authorize <br /> the acceptance of a Continuation Certificate to Subdivision Bond from Safeco <br /> Insurance Companies, No. 2881701 , in the amount of $1 ,414, 128.00 to guarantee <br /> the construction of public improvements: streets, curbs, underground facilities, <br /> sidewalks, street lights, street signs and parkway trees in Winston Grove <br /> Section 23B, in accordance with plans and specifications prepared by <br /> Henderson and Bodwell , 120 Express Street, Plainview, New York 11803. Said <br /> original Subdivision Bond adopted by Resolution No. 84-79 on October 9, 1979. <br /> Continuation Certificate will expire on October 9, 1982. <br /> Section 2, That the President ond Board of Trustees do also authorize <br /> that upon the satisfactory installation of the aforementioned publi.c improve- <br /> ments the Village of Elk Grove Village shall reduce the amount of this bond <br /> by the following incremental sums: <br /> FROM: Utilities, $766,909.00 TO: $388,454.50 <br /> Roadway Phase 1 ,$409,885.00 TO: $2o4,942.50 <br /> Roadway Phase 11 , $227,334.00 TO: $113,667-00 <br /> as shown on original surety rider and Continuation Certificate. <br /> Section 3. That this resolution shall be in full force and effect from <br /> and after its passage and approval according to law. <br /> PASSED this — 23rd day of February 1982. <br /> APPROVED this 23rd day of February 982 <br /> ATTEST* <br /> t <br /> I. ve V11 lage President <br /> V111-91 Clerk <br />