HomeMy WebLinkAboutRESOLUTION - 19-92 - 3/24/1992 - LOC RELEASED/STANLEY STREET SUBRESOLUTION NO. 19-92
A RESOLUTION RELEASING IRREVOCABLE LETTERS OF CREDIT ADOPTED BY
RESOLUTION NO. 21-83 AND AMENDED BY RESOLUTION NO. 96-85 and
97-86 FROM AMERIBANC/ELK GROVE NO. 16505, $3,530.50; NO. 16515,
$25,230; AND NO. 1652S, $16,500; GUARANTEEING THE CONSTRUCTION
OF PUBLIC IMPROVEMENTS IN THE GULLO INTERNATIONAL OFFICE AND
INDUSTRIAL CENTER SUBDIVISION NORTH OF OAKTON STREET EXPIRING
NOVEMBER 12, 1990 (STANLEY STREET SUBDIVISION)
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 release of three (3) amended Irrevocable Letters of Credit
totaling $51,260.50: No. 16505, $8,530.50; No. 16515, $25,230; and No.
16525, $16,500; previously accepted by Resolution No. 2-90 to guarantee
completion of public improvements; sidewalk work, streets, curbs,
watermains, sanitary sewers, storm sewers, and street lights in the
development known as Gullo International Office and Industrial Center in
accordance with the plans and specifications prepared by the Chia Company,
5732 Gardner Court, Hanover Park, Illinois and approved on October 11,
1979. Letter of Credit No. 16505, No. 16515 and No. 1652S expire November
12, 1990.
Section 2: That this Resolution shall be in full force and effect
from and after its passage and approval according to law.
PASSED this 24th day of March , 1992.
APPROVED this 24th day of
ATTEST:
Ann I. Head
Deputy Village Clerk
March , 1992.
Charles J. Zettek
Village President
I,- I THIS AMENDMENT IS FORWARDED TO THE
ADVISING BANK BY AIRMAIL
METElk (intro Sank
100
100 Earl HiEEma Road
F.Ik (irocc Village, Illinois 60007
112 414-1888
Cable: BANKELGR telex: 206806 190278
THIS AMENDMENT IS IN CONFIRMATION OF
THE CABLED ADVICE TO THE ADVISING BANK
155UING HANK S NUMbEH
Amendment To q I r ( Credit
Advising Bank
Beneficiary
Village of Elk Grove Village
901 Wellington
Elk Grove Village, IL 60007
GENTLEMEN:
The above mentioned credit is amended as follows:
DATE Nov. 14, 1989
A UJI]INU tl</.N 1 NUMbEN
`'rte `o"' Applicant
Gullo International Development Corp.
1201 Dakton
Elk Grove Village, IL 60007
Amendment No. 6 to the above credit dtd.
March 14, 1983
THIS AMENDMENT IS TO BE CONSIDERED AS PART OF THE ABOVE
MENTIONED CREDIT AND MUST BE ATTACHED THERETO
Expiration date is extended to November 12, 1990 at our counters.
All othef terms and conditions remain unchanged.
FA
Aulnorizea $rgnalure
Very truly yours.
Coumer Sognalure
bank s notification
Place- care nAmP ]mr Vnn]IH/n nl m.nk
NBU Flk Grine Hunk
100 Lust Higgins Road
9• -
Lid Flk Grove Villagc, Illinois 60007
./ 312 439-1898
G Cable: HANKELGR Telex: 206806 19027x
J THIS AMENDMENT IS FORWARDED TO THE _ THIS AMENDMENT IS IN CONFIRMATION OF
ADVISING BANK BY AIRMAIL THE CABLED ADVICE TO THE ADVISING BANK
ISSUING BANKS NUMtJEN
Amendment ToCredit L/C 16515
Advising Bank
Beneficiary
Village of Elk Grove Village
901 Wellington
Elk Grove Village, IL 60007
GENTLEMEN:
The above mentioned credit is amended as follows:
DATE Nov. 14, 1989
S Num
Applicant
Gullo International Development Corp.
1201 Oakton
Elk Grove Village, IL 60007
Amendment No. 6 to the above credit dtd.
March 14, 1983
THIS AMENDMENT IS TO BE CONSIDERED AS PART OF THE ABOVE
MENTIONED CREDIT AND MUST BE ATTACHED THERETO
Expiration date is extended to November 12, 1990 at our counters.
All other terms and conditions remain
Very truly yours.
'r'fhjna-, +Vf
Advrslnq dank s notlf,calion
P.
IGD EGrove Hank
IOU East
Higgins Road
J Elk Grove Village, Illinois 60007
312:439-1888
Cable: BANKELGR Telex: 206806. 190278
L j THIS AMENDMENT IS FORWARDED TO THE ;J THIS AMENDMENT IS IN CONFIRMATION OF
ADVISING BANK BY AIRMAIL THE CABLED ADVICE TO THE ADVISING BANK
Aby ISSUING BANK'S NUMBER
Amendment To 0raWLfi!{XXX* Credit L/C 1650S
Advising Bank Applicant
Beneficiary
Village of Elk Grove Village
901 Wellington
Elk Grove Village, IL 60007
GENTLEMEN:
The above mentioned credit is amended as follows:
DATE Nova -L4.-12a
BANK S NUMBER
Gullo International Development Corp.
1201 Oakton
Elk Grove Village, IL 60007
Amendment No. 6 to the above credit dtd.
March 14, 1983
THIS AMENDMENT IS TO BE CONSIDERED AS PART OF THE ABOVE
MENTIONED CREDIT AND MUST BE ATTACHED THERETO.
Expiration date is extended to November 12, 1990 at our Counters.
*****************************************************************
AH Oiler terms and Conditions remain unchanged.
Very truly yours,
Adwsrng bank's noLbcauon
Aa,nanietI Spnaryre % - (✓ Ooun e, Siynature I I Place. date. name and <.nnanv. nr anv,<�nn nen.