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RESOLUTION NO. 12-77 <br />A RESOLUTION ACCEPTING AN EXTENSION TO SAFECO PERFORMANCE BOND <br />NO. 2437040 IN THE AMOUNT OF $1,259,300 FILED WITH THE VILLAGE <br />OF ELK GROVE VILLAGE BY CENTEX HOMES, INC. TO GUARANTEE THE <br />CONSTRUCTION OF PUBLIC IMPROVEMENTS IN WINSTON GROVE SECTION 21 <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 do hereby authorize <br />the acceptance and placing on file of an extension to Performance Bond No. <br />2437040 in the amount of $1,259,300.00 from Safeco Insurance Companies to <br />guarantee the construction of public improvements, streets and sanitary and <br />storm sewers, water mains, retention pond, public sidewalks, street lights, <br />street name signs, and parkway trees, in Winston Grove Subdivision Section 21, <br />said Performance Bond extended to December 31, 1977. <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 22nd day of February , 1977. <br />APPROVED this 22nd day of February , 1977. <br />ATTEST: <br />Eleanor G. Turner <br />age Cie <br />Charles J. Zettek <br />Village President <br />