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RESOLUTION NO. 24-77 <br />A RESOLUTION ACCEPTING AND PLACING ON FILE SIX (6) SURETY BONDS FROM <br />INTERNATIONAL FIDELITY INSURANCE COMPANY, BOND NUMBERS CP 17977 THROUGH <br />CP17982 IN A TOTAL AMOUNT OF $295,081.00, FILED WITH THE VILLAGE OF ELIC <br />GROVE VILLAGE TO GUARANTEE THE CONSTRUCTION OF PUBLIC IMPROVEMENTS ON <br />LOTS 1 THROUGH 11 INCLUSIVE, IN THE ROUNDTREE COMMONS TOWNHOUSE DEVELOP- <br />MENT ON THE WEST SIDE OF HOME AVENUE <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, State of Illinois: <br />Section 1. That the Village President and Board of Trustees do hereby <br />authorize the acceptance and placing on file of six (6) Surety Bonds <br />from International Fidelity Insurance Company to guarantee the construction <br />of public improvements on Lots 1 through 11 inclusive, all on the west <br />side of Home Avenue in the Roundtree Commons Townhouse development: <br />Bond No. CP17977 in the amount of S2,930.00,conditioned upon the installation <br />of street lighting; Bond No. CP17978 in the amount of $59,473.00, conditioned <br />upon the installation of public streets and walks; Bond No. CP17979 in the <br />amount of $67,473.00 conditioned upon the installation of interior streets <br />and walks; Bond NoCP17980 in the amount of $29,550.00 conditioned upon the <br />installation of sanitary sewers; Bond No.CP17981in the amount of $84,141.00 <br />conditioned upon the installation of water mains; Bond No. CP17982 in the <br />amount of $51,514.00 conditioned upon the installation of storm sewers; all <br />as shown on the plans and specifications prepared by Westad Engineering and <br />containing sheets I through 8 inclusive dated August 1, 1976 with revisions <br />up to and including March 14,1977 and known as Job No. 76-14. <br />Section 2. That this resolution shall be in full force and effect from and <br />after its passage and approval according to law. <br />PASSED this 12th day of April , 1977. <br />APPROVED this 12th day of April 1977. <br />VillageYresid´┐Żlt <br />ATTEST: <br />Village k <br />