HomeMy WebLinkAboutRESOLUTION - 64-95 - 11/14/1995 - LOC/AMEND EXPIRATION DATE RESOLUTION NO. 64-95
A RESOLUTION AMENDING THE EXPIRATION DATE OF IRREVOCABLE
LETTER OF CREDIT NO. 305810 (ACCEPTED BY RES. NO. 76-84,
AMENDED BY RES. NO. 50-91 AND RES. NO' 65-93) FROM FIRST
CHICAGO BANK IN THE AMOUNT OF $10,000.00 TO INSURE FAITHFUL
PERFORMANCE BY GRANTEE, CONTINENTAL CABLEVISION OF NORTHERN
COOK COUNTY EXPIRING APRIL 14, 1996
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees
of the Village of Elk Grove Village, Counties of Cook and DuPage, State of
Illinois:
Section 1 : That the President and Board of Trustees do hereby
authorize the acceptance of an amendment to the expiration date of
Irrevocable Letter of Credit No. 305810 from First Chicago Bank, in the
amount of $10,000.00 previously accepted by Resolution No. 76-84 and
amended by Resolution No. 50-91 and Resolution No. 65-93, to insure the
faithful performance by grantee, Continental Cablevision of Northern Cook
County, of all provisions of the franchise agreement. Said Letter of
Credit expiring April 14, 1996.
Section 2: That this Resolution shall be in full force and effect
from and after its passage and approval according to law.
VOTE: AYES: 6 NAYS: 0 ABSENT: o
PASSED this 14th day Of November , 1995.
APPROVED this 14th day Of November , 1995,
Dennis J. Gallitano
Village President
ATTEST:
Patricia S. Smith
Village Clerk
-1- -1.
F1.RSrCH1CAG0 TRADE FINANCE
The First National Bank of ChicagC ONE NORTH DEAF FIN - 9TH FLOOR, MAIL SUITE 0812
CHICAGO, ILLINOIS 60670-0812 U.S.A.
Telex: TRT 190201 FNBC UT Swift Address: FNBCUS44
ITT 4330253 FNBCUI FAX: (312)407-1065
TEL: (312)407-3843
�MENDMEN r DA,rE: SEPTEMBER 25, 1 5
MAIL
VILLAGE OF ELK' f-�ROVE VILLAGE DROF7S DRAWN MUST BE MARKED:
C)0:3o!:--,01c;
El-I-1 (.-jROVE, 11 (DIDENER 'S R'EFERENCE NO:
GEN TIL-EMEN.-
WE ARE IW31"RUCTED BY
COINJI-INENIAL CABLEVISION OF
NIOR"THERN COOK COLJI',!TY
C/o CCINTINENTAL CABLEVISION INC.
THI.- P11-0-1, 1-10USF—LEWIS WHAR'F
B09TON, MA (.)2110
TO AMEND CREDIT 3(-,,5810 AS ISSUED IN YOUR FAVOR.
THIS iAMEINIVYIENF V-1) AN IN7EGRAL PART OF THr ORIGINAL CREDIT.
ALL. OTHER I'E'RIvIS AND CONDITIONS OF' THE LETTER" OF CREDIT INCLUDING
PREVIOUS AMENDMENTS REMAIN UNCHANGED.
AMENDI�'.'.f) I ERIY11:3',
EXPII-RAFION r.)ArF.-: APIRIL. 14, 1996
THIS IS AMEMOMENT NUMT,"�ER 8.
YOURS VERY I-RUI-Y
-S3 il�
PREPARER/AUTHORI ED/SIGNOR
ZTHURIZED SIGNER
ORIGINAL