HomeMy WebLinkAboutRESOLUTION - 58-81 - 10/13/1981 - LOC/SDK RESOLUTION NO. 58-81
A RESOLUTION ACCEPTING AN AMENDED LETTER OF CREDIT NO. FNBC-1412-00300362
FROM THE FIRST NATIONAL BANK OF CHICAGO IN THE AMOUNT OF $93,716.34 TO
GUARANTEE THE COMPLETION OF PUBLIC IMPROVEMENTS IN THE SDK REGENT BUSINESS
CENTER (PHASE 1 ) (PROJECT 7054)
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 amended Letter of Credit , No. FNBC-0300363 from the
First National Bank of Chicago in the amount of $93,716.34 to guarantee the
completion of public improvements in the development known as SDK Regent
Business Center, Phase I , (Project 7054) as fully described in Exhibit ''A"
attached.Itereto and made a part hereof in accordance with engineering plans
prepared by Elk Grove Engineering Company, 860 Lively Boulevard, Elk Grove
Village, Illinois and approved by the Village of Elk Grove Village on
October 3 , 1980. Said amended Letter of Credit becoming effective September
1 , 1961 and expiring September 1 , 1982. Original Letter of Credit adopted
by Resolution No. 106.80, November 12, 1980.
Section 2. That this resolution shall be in full force and effect
from and after its passage and approval according to law.
PASSED this 13th day of October 1981 .
APPROVED this 13th day of October 1981 .
Charles J. Zettek
ATTEST: Village President
Fay M Bi�hon
Village Clerk