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RESOLUTION NO. 1-81 <br />A RESOLUTION ACCEPTING A REVISED PERFORMANCE BOND FROM SAFECO <br />INSURANCE COMPANY IN THE AMOUNT OF $7,500 GUARANTEEING THE <br />INSTALLATION OF SIDEWALKS ALONG THE SOUTH SIDE OF NERGE FROM <br />WISCONSIN LANE TO THE 7 -ELEVEN PARCEL IN WINSTON GROVE SECTION <br />22 SOUTH <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, Illinois: <br />Section l: That the President and Board of Trustees do hereby <br />authorize the acceptance of a revised Performance Bond No. 2966903 from <br />Safeco Insurance Company increasing the amount from $7,000 (Resolution <br />No. 5-80) to $7,500 guaranteeing the installation of sidewalks along the <br />south side of Nerge Road from Wisconsin Lane east to the 7 -Eleven Parcel <br />in Winston Grove Section 22 South. <br />Section 2: That the sidewalk requirements of the Subdivision Control <br />Ordinance is hereby delayed until such time as the Nerge Road Improvement <br />is completed by the Cook County Highway Department. <br />Section 3: That the revised Performance Bond from Safeco Insurance <br />Company is renewable each year until said Improvement is completed. <br />Section 4: 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 />13th <br />day <br />January <br />1981. <br />APPROVED <br />this <br />lath <br />day <br />January <br />1981. <br />ATTEST <br />Ilafern Snick <br />Acting Village Clerk <br />Charles J. Zettek <br />Village Presdient <br />