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RESOLUTION NO. 10-79 <br />A RESOLUTION ACCEPTING A LETTER OF GUARANTEE FROM NORTHWEST <br />FEDERAL SAVINGS GUARANTEEING THE CONSTRUCTION OF PUBLIC <br />IMPROVEMENTS IN PHASE I OF THE SHENANDOAH SUBDIVISION <br />LOCATED EAST OF SECTION 22 SOUTH AND WEST OF SECTION 18 <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, <br />Illinois: <br />Section 1: That the President and Board of Trustees do hereby <br />authorize the acceptance of a Letter of Guarantee from Northwest Federal <br />Savings in the amount of $546,370.10, guaranteeing the construction of all <br />public improvements in Phase I of the Shenandoah Subdivision located east <br />of Section 22 South and West of Section 18. Said Letter of Guarantee shall <br />be effective through March 31, 1980. <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 13th day of March , 1979. <br />APPROVED this 13th day of March , 1979• <br />Charles J. Zettek <br />Village President <br />ATTEST: <br />Ilafern Snick <br />Acting Deputy Village Clerk <br />