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RESOLUTION NO. 25-7 <br />A RESOLUTION ACCEPTING AND PLACING ON FILE A LETTER OF GUARANTEE FROM <br />IRVING FEDERAL SAVINGS AND LOAN ASSOCIATION, DATED APRIL 7, 1977 IN THE <br />AMOUNT" OF $189,090.00 FILED WITH THE VILLAGE TO GUARANTEE THE CONSTRUCTION <br />OF PUBLIC IMPROVEMENTS FOR LOTS 12 THROUGH 17, INCLUSIVE, IN ROUNDTREE <br />COMMONS TOWNHOUSE DEVELOPMENT. EAST 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 President and Board of Trustees do hereby authorize <br />the acceptance and placing on file of a Letter of Guarantee dated April 7, 1977, <br />in the amount of $189,090.00 from Irving Federal Savings and Loan Association to <br />guarantee the construction of public improvements as follows: Sanitary sewer, <br />watermain, storm sewer, public streets and walks, interior streets and walks <br />and street lighting in the Roundtree Commons Townhouse Development, according <br />to plans and specifications prepared by Westad Engineering and containing sheets 1 <br />through 8 inclusive, dated August 1, 1976 with revisions up to and including <br />March 14, 1977 and known as Job No. 76-14. <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 April , 1977. <br />APPROVED this 12th day of <br />ATTEST: <br />ViIIage/C rk <br />C <br />age /5/res <br />1977. <br />