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RESOLUTION N0, 100-78 <br />A RESOLUTION ACCEPTING A LETTER OF CREDIT FROM OLD ORCHARD BANK <br />GUARANTEEING THE CONSTRUCTION OF SIDEWALKS IN THE REGENCY SQUARE <br />DEVELOPMENT LOCATED NORTH OF LANDMEIER ROAD AND EAST OF SECTION 1 <br />EAST <br />NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of <br />the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois: <br />Section 1. That the President and Board of Trustees do hereby authorize <br />the acceptance of a Letter of Credit from Old Orchard Bank in the amount of <br />$25,000.00, guaranteeing the construction of sidewalks in the Regency Square <br />Development located north of Landmeier Road and East of Section 1 East. Said <br />Letter of Credit expires on August 1, 1980. <br />Section 2. That this resolution shall be in full force and effect from <br />and after its passage and approval according to law. <br />PASSED this 12th day of December , 1978, <br />APPROVED this 12th day of December 1978, <br />Charles J. Zettek <br />Village President <br />ATTEST: <br />Ilafern Snick <br />Acting Deputy Village Cie <br />