HomeMy WebLinkAboutRESOLUTION - 35-87 - 6/23/1987 - LOC RELEASED/FEDERAL EXPRESSRESOLUTION NO. 35-87
A RESOLUTION RELEASING AN IRREVOCABLE LETTER OF CREDIT NO.
8731 FROM CITIZENS BANK AND TRUST COMPANY IN THE AMOUNT OF
$3,575.00 GUARANTEEING COMPLETION OF PUBLIC IMPROVEMENTS
AT 1200 DEVON AVENUE ACCEPTED BY RESOLUTION No. 73-86
(FEDERAL EXPRESS)
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 an Irrevocable Letter of Credit No. 8731 from Citizens Bank
and Trust Company in the amount of $3,575-00 guaranteeing the completion
of public improvements at 1200 Devon Avenue. Said Letter of Credit having
expired on March 2, 1987. All necessary site improvements have been com-
pleted to the satisfaction of the Village Engineer.
Section 2: That this resolution shall be in full force and effect
from and after its passage and approval according to law.
PASSED this 23rd day of June , 1987•
APPROVED this 23rd
ATTEST:
Patricia S. Smith
age Clerk
day of June , 1987.
Charles J. Zettek
Village President