HomeMy WebLinkAboutRESOLUTION - 33-85 - 5/14/1985 - CONTINUATION OF CERTIF. FOR SUB. BONDRESOLUTION NO. 33-85
A RESOLUTION ACCEPTING AND PLACING ON FILE A CONTINUATION
CERTIFICATE AS A RIDER TO SUBDIVISION BOND NO. 2776415
FROM SAFECO INSURANCE COMPANY FILED BY CENTEX HOMES MIDWEST
INC. IN THE AMOUNT OF $171,000.00 (WINSTON GROVE SECTION 23A)
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 L. That the President and Board of Trustees do hereby authorize
acceptance of and placing on file a rider to Subdivision Bond No. 2776415
in the amount of $171,000.00. from Safeco Insurance Company to guarantee
the satisfactory completion of construction of public improvements and
interim maintenance in Winston Grove Section 23A, in accordance with plans
and specifications prepared by Henderson and Bodwell, 220 Express Street,
Plainview, New York, 11803. (Originally accepted by Resolution No. 32-78,
in the amount of $1,176,000.00.)
SECTION 2. That this Resolution shall be in full force and effect
from and after its passage and approval according to law.
PASSED this 14th
APPROVED this 14th
ATTEST:
Patricia S. Smith
Village Clerk
day of
day of
May , 1985.
May , 1985.
Charles J. Zettek
Village President
SURETY RIDER - '4FECO INSURANCE COMPANY OF AMERICA
NERAL INSURANCE COMPANY OF AMERICA
rIRST NATIONAL INSURANCE COMPANY
sAPE`ID OF AMERICA
HOME OFFICE: SAFECO PLAZA
SEATTLE, WASHINGTON 98185
To be attached to and form a part of
Type of Bond:
SUBDIVISION BOND
Bond No. 2776415
dated effective 4/7/78
(MONTH, DAY, YEAR)
executed by CENTEX HOMES MIDWEST, INC_ , as Principal,
(PRINCIPAL)
and by SAFECO INSURANCE COMPANY OF AMERICA as Surety,
(SURETY)
in favor of VILLAGE OF ELK GROVE, ILLINOIS
(OBLIGEE)
In consideration of the mutual agreements herein contained the Principal and the Surety hereby consent to changing
the amount of the bond
From: FOUR HUNDRED EIGHT THOUSAND AND N0/100 ($408,000.00) DOLLARS ------------
To: ONE HUNDRED SEVENTY ONE THOUSAND AND NO/100 ($171,000.00) DOLIJ,RS-------
Nothing herein contained shall vary, alter or extend any provision or condition of this bond except as herein expressly stated.
This rider is effective 4/7/8
(MONTH, DAY, YEAR)
Signed and Sealed 4/7/85
(MONTH, DAY, YEAR)
C .NTEX HOMES MTD .RT- TN .
PRINCIPAL
TITLE
SAFECO INSURANCE PA OF AMERICA
SURETY
SUSAN J. PREIKSA - ATTORNEY-IN-FACT
5343 R11 5/82
PRINTED IN US.A.
® NTINUATION CERTIFICATE FECO INSURANCE COMPANY OF AMERICA
.,NERAL INSURANCE COMPANY OF AMERICA
FIRST NATIONAL INSURANCE COMPANY
SAFECID OF AMERICA
HOME OFFICE: SAFECO PLAZA
SEATTLE, WASHINGTON 98185
SAFECO INSURANCE COMPANY OF AMERICA, Seattle, Washington, Surety upon
a certain Bond No.
2776415 c
dated effective 4/7/78
(MONTH -DAY -YEAR)
on behalf of CENTEX HOMES MIDWEST, INC.
(PRINCIPAL)
and in favor of VILLAGE OF ELK GROVE, ILLINOIS
(OBLIGEE)
does hereby continue said bond in force for the further period
beginning on 4/7/85
(MONTH - DAY -YEAR)
and ending on 4/7/86
(MONTH -DAY -YEAR)
Amount of bond ONE HUNDRED SEVENTY ONE THOUSAND ANT) Nn/1 On Dollars,($171, 000.00 ),
Description of Bond: Subdivision Bond — Winston Grove Section 23A
Premium: $ 636.00
PROVIDED: That this continuation certificate does not create a new obligation and is executed upon the express condi-
tion and provision that the Surety's liability under said bond and this and all Continuation Certificates issued in connection
therewith shall not be cumulative and that said Surety's aggregate liability under said bond and this and all such Continua-
tion Certificates on account of all defaults committed during the period (regardless of the number of years) said bond has
been and shall be in force, shall not in any event exceed the amount of said bond as hereinbefore set forth.
Signed and dated on 4/7/85
(MONTH -DAY -YEAR)
SAFECO INSURANCE C OF AMERICA
By
SUNNC. PREIKSA — Attorney -in -Fact
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SEAL
1953
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5-1225 R5 12/82 PRINTED IN U.S.A.