HomeMy WebLinkAboutRESOLUTION - 41-90 - 7/24/1990 - LOC RELEASE/RBC TECH/PARCEL FRESOLUTION NO. 41-90
A RESOLUTION RELEASING IRREVOCABLE LETTER OF CREDIT NO.
311561 FROM THE FIRST NATIONAL BANK OF CHICAGO EXPIRING
FEBRUARY 1, 1989 IN THE AMOUNT OF $7,304.00 PREVIOUSLY
ACCEPTED BY RESOLUTION NO. 4-88 TO GUARANTEE COMPLETION
OF PUBLIC IMPROVEMENTS FOR RBC TECH PARCEL F
(Cambridge Dr. and Landmeier Rd.)
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 Irrevocable Letter of Credit No. 311561 from the
First National Bank of Chicago in the amount of $7,304.00 previously
accepted by Resolution No. 4-88 to guarantee completion of public
improvements for RBC Tech Parcel F, in accordance with the approved
plans and specifications prepared by S.D.I. Consultants, 701 Harger Road,
Oakbrook, IL 60521 and approved on January 20, 1988. Said Letter of
Credit expiring February 1, 1989.
Section 2: That this Resolution shall be in full force and effect
from ana after its passage and approval according to law.
PASSED this 24th
APPROVED this 24th
ATTEST:
Patricia S. Smith
Village Clerk
day of July 1990.
day of July 1990.
Charles J. Zettek
Village President
ank of Chicago ONE NORTH DEARS( 1— 9TH FLOOR. MAIL S6pi��r
R' CHICAGO, ILLINOIS 606I"12 U.S.A. .i i.'
Telex: TRT 190201 FNOC Uei FN60tM"I'NT Swtn AOMe
ITT 4330253 FNOCUI FAX: (312) 407.1066
TEL: (312) 407.3843
AMENDMENT DATE: JUNE 12, 1990
MAIL
VILLAGE OF ELK GROVE VILLAGE
901 WELLINGTON AVENUE
ELK GROVE VILLAGE, IL 60007
GENTLEMEN:
WE ARE INSTRUCTED BY
DRAPER & KRAMER
33 WEST MONROE STREET
CHICAGO, IL 60603
DRAFTS DRAWN MUST BE MARKED:
00311`.61
OPENER'S REFERENCE NO:
311561
TO AMEND CREDIT 311561 AS ISSUED IN YOUR FAVOR.
THIS AMENDMENT IS AN INTEGRAL PART OF THE ORIGINAL CREDIT.
ALL OTHER TERMS AND CONDITIONS OF THE LETTER OF CREDIT
INCLUDING PREVIOUS AMENDMENTS REMAIN UNCHANGED.
AMENDED TERMS:
THE AMOUNT OF THIS LEITER OF CREDIT IS DECREASED TO AN
AGGREGATE OF ZERO U.S. DOLLARS
THIS IS AMENDMENT NUMBER 1.
NOTE: PLEASE NOTIFY US IMMEDIATELY BY RETURN MAIL OF YOUR
ACCEPTANCE OR NON-ACCEPTANCE OF THIS AMENDMENT.
YOURS VERY TRULY
THE FIRST NATIONAL BANK OF CHICAGO
REFARER/AUTHORIZ SIGNER
a
HORIZED/ SI
ORIGINAL