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Home My WebLink AboutRESOLUTION - 1-80 - 1/8/1980 - PERFORMANCE BOND/GULLO INTERNATIONAL411. RESOLUTION NO. 140 A RESOLUTION ACCEPTING AND PLACING ON FILE A SUBDIVISION PERFORMANCE BOND FROM PEERLESS INSURANCE COMPANY IN THE AMOUNT OF $250,000.00 GUARANTEEING THE CONSTRUCTION OF PUBLIC IMPROVEMENTS IN THE GULLO INTERNATIONAL OFFICE AND INDUSTRIAL CENTER SUBDIVISION NORTH OF OAKTON STREET 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 and placing on file of a Subdivision Performance Bond in the amount of $250,000.00 from Peerless Insurance Company, guaranteeing the con- struction of public improvements: streets, curbs, water mains, sanitary sewers, storm sewers, and street lights in the development known as Gullo International Office and Industrial Center in accordance with plans and specifications prepared by the Chia Company, 5732 Gardner Court, Hanover Park, Illinois and approved on October 11, 1979. Said Bond expiring on October 10, 1982. Section 2. That this resolution shall be in full force and effect from and after its passage and approval according to law. PASSED this 8th day of January 1980. APPROVED this 8th day of January 1980. ATTEST: ?A V'/ lage Clerk 9eeembert 17, 1979 TO: C. A. Wi.fti6, V' Mgn�ageA FROM:Ca a ��L� Tom J. Cech, ge EngineeA SUBJECT: Pehbonmanee Bond - Gutto Intunati.onat Oss.iee E Indu tk,iat Centers Attached pteaae Sind .the 0,% g.inat os the nev.iaed PeA6onmanee Bond Son the nebenenced development. The nequeated changes have been made and I recommend appuval. The bond amount o6 $250,000.00 i,6 aeceptabte. Kindly aubm.it the attached bond to .the V.ittage Attohney Son his n.eview. TJCJ:wf enc. �7 FEERLESv,$ & eg XO"Oiflc, [EfiNfi. N[W XAMPf XILC LICENSE OR PERMIT BOND KNOW ALL MEN BY THESE PRESENTS, That we, _Gullo International Development Corporation of Elk Grove Village, Illinois , as Principal, and PEERLESS INSURANCE COMPANY, A New Hampshire Corporation, and having its principal of- fice in the City of Keene, New Hampshire, as Surety, are held and firmly bound unto The Village of Elk Grove , hereinafter called the Obligee, in the penal sum of Two Hundred and Fifty Thousand DoLLARs ($ 250,000.00 ) lawful money of the United States of America to be paid to said Obligee, for which payment well and truly to be made, we bind ourselves, our heirs, executors, administrators, suc- cessors and assigns, jointly and severally, firmly by these presents. Signed with our hands and sealed with our seals this, the 10th day of October n.D. 19_Z9 . WHEREAS, a LICENSE or PERMIT has been granted by the Obligee to the above bounden Principal authorizing him to construct and install a street, sewers, and curbs at 718, 724, and 730 Oakton Elk Grove Village, Illinois 60007 Now, therefore, the Condition of this Obligation is such, that if the said Principal shall faithfully observe the provisions of the Laws, Ordinances, and Resolutions, governing the issuance of this License or Permit, then this Obligation shall be null and void, other- wise to remain in full force and effect. Liability under this bond shall terminate as of the 10th , day of October , 1981 , as to any acts subsequent thereto, unless said bond is continued in force from year to year by the issuance of a continuation certificate signed by the Surety. The Surety may cancel this bond at any time by filing with the Obligee thirty (30) days written notice of its desire to be relieved of liability. The Surety shall not be discharged from any liability already accrued under this bond, or which shall accrue hereunder before the expiration of the thirty day period. Gullo International velopment Corp. b President Principal F Thomas P. Heffernan Bensenville Illinois bonds guaranteeing the fidelity of persons holding places of public or private trust; guaranteeing the performance of contracts other than insurance policies; and executing or guaranteeing bonds and undertakings required or permitted in all actions or proceedings or by law allowed: 11th January 79 State of New Hampshire1 sa County of Cheshire 11t On 79 On this day of � . 19 , before the subscriber, a Notary Public of the State of New Hampihire in and for the County of Cheshire , duly commissioned and qualified, mine Robert G. Pyne, President and Hans Sprangers, Secretary of the PEERLESS INSURANCE COMPANY, to me personally known to be the individuals and officers described herein, and who executed the precceding instrument, and they acknowledged the execution of the same, and being by me duly sworn, deposed and said that they me officers of said Company aforesaid, avid that the seal affixed to the preceeding instrument is the Corporate Seal of said Company, and the said Corporate Seal and thew signatures as officers were duly affixed and subscribed to the said instrument by the authority and direction of the said Corporation, and that Article 4 Section 2. of the ByL�wd,4/f WI&j7pmpany, referred to in the preceeding instrument is now in force. , ELLL((__ e4',' 1n y30;irit'�sn)? 7�Atje sriyt, 1 have hereunto set my -hand and affixed my Official Seal at Keene, New Hampshire the d �od.year above wrti3er(; G ` DOCS my CB .July$V, 19�ry � ius 9 4— (r . Notary Public statlo*i4etd l(fg8>✓ s Conry ptchethhe F I, �'', or--.•; p`y' Hans Sprangers Secretary of the PEERLESS INSURANCE COMPANY• do hereby certify that abovE'as)d 1.ibi .bs i true and correct copy of a POWER OF ATTORNEY, executed by said PEERLESS INSURANCE COMPANY, which is still'°i'rlrsz and eff6tti:"' in witneas IM bere0t, l have hereunto set my hand and affixed the Seal of the Company, at Keene, New Hampshire 5 HSU R,1ry�f this day of .19 Wb co r 1901 J 4iT _ flNt t1 �,. Form PS -97E (Rev. 12/78) Scretary , �EERI�ESS HOME OFFICE KEENE. NEW HAMPSHIRE REVISED LICENSE OR PERMIT BOND KNOW ALL MEN BY THESE PRESENTS, That we, Gullo International Development Corporation , of Elk Grove Villaae. Illinois , as Principal, and PEERLESS INSURANCE COMPANY, A New Hampshire Corporation, and having its principal of- fice in the City of Keene, New Hampshire, as Surety, are held and firmly bound unto The Village of Flk Grove hereinafter called the Obligee, in the penal sum of Two Hundred Fiftl Thousand and _n!�� Din ($250,000.00------------) lawful money of the United States of America to be paid to said Obligee, for which payment well and truly to be made, we bind ourselves, our heirs, executors, administrators, suc- cessors and assigns, jointly and severally, firmly by these presents. Signed with our hands and sealed with our seals this, the 10th day of October A.D. 19 79 . WHEREAS, a LICENSE or PERMIT has been granted by the Obligee to the above bounden Principal authorizing him see attached copy Now, therefore, the Condition of this Obligation is such, that if the said Principal shall faithfully observe the provisions of the Laws, Ordinances, and Resolutions, governing the issuance of this License or Permit, then this Obligation shall be null and void, other- wise to remain in full force and effect. Liability under this bond shall terminate as of the 10th, day of October , 19—g-2-, as to any acts subsequent thereto, unless said bond is continued in force from year to year by the issuance of a continuation certificate signed by the Surety. xftxxft=x> o xxxxQ9bXk XiaxWk)Mx=Xx1X%)b=X=WXXuX&=XMMx UYAr X4W XIIIXS{X�kN93S:??NRf4�{�KXC�6X��4d}F7�XKA}D!�XR214KC{}C}fXYiza7,SdAX��[j{X%�161Ctiduf��2C��t�'iY-Xb'�X )d}tR rXKSS X14MXd41NX 1C 1C4 fiR`DRi€ 74X}4xRAXf{A tXXkC {J4No:=loxxxxxxXshmxxm E8XXXXX *xx xxa1nf)QxK>Ntm§o�XiM)PAx4dMXbUMgXK)PxxxadiXXXXXXXXXXXXx�:7XXXxxxxxxxXX By Principal i .1d; Attached to and forming part of License and Permit Bond issued for Gullo International Development Corporation by Peerless Insurance Company on October 10, 1979: "To construct and install streets, curbs, water mains, sanitary sewers, storm sewers, and street lights in the development known as Gullo International Office and Industrial Center in accordance with plans and specifications prepared by the Chia Co., 5732 Gardner Court, Hanover Park, Illinois, and approved on October 11, 1979." Work as guaranteed by this bond shall be completed by October 10, 1981. Any draws under this bond must be made by October 11, 1982. I I Peerless Insurance or„1:ai by:��n-^'y ,J1 Attorney -in -Fact'','/ Thomas P. Heffernan Bensenville Illinois bonds guaranteeing the fidelity of persons holding places of public or private trust; guaranteeing the performance of contracts other than insurance policies; and executing or guaranteeing bonds and undertakings required or permitted in all actions or proceedings or by law allowed: State of New Hampshire { County of Cheshire lltll Janda 79 On this day of '19 , before the subscriber, a Notary Public of the State of New Hampshire in and for the County of Cheshire , duly commissioned and qualified, came Robert G. Pyne, President and Hans Sprangers, Secretary of the PEERLESS INSURANCE COMPANY, to me personally known to be the individuals and officers described herein, and who executed the preceeding instrument, and they acknowledged the execution of the same, and being by me duly sworn, deposed and said that they are officers of said Company aforesaid, and that the seat affixed to the preceeding instrument is the Corporate Seal of said Company, and the said Corporate Seal and their signatures as officers were duly affixed and subscribed to the said instrument by the authority and direction of the said Corporation, and that Article 4 Section 2. of the By -1- w*Ldf494Cpmpany, referred to in the preceeding instrument is now in force. 1 n i9iseitnff�ftlblt�iP, t, I have hereunto set my Stand and affixed my Official Seal at -. Keene, New Hampshire the year above wliijeti; - 7 . Jullc ld, f9 y44— w 2 y. Notary Public statCNe'0✓�qyp�.� • S , CourttyQ('Cheshffe h I, % or p+4 Hans Sprangers Secretary of the PEERLESS INSURANCE COMPANY, do hereby certify that the abov'6'04 fb7*i4,Wi true and correct copy of a POWER OF ATTORNEY, executed by said PEERLESS INSURANCE COMPANY, which is still in force and eff6tC;''' Tit 'Wlttnes8'Wlbereot, I have hereunto set my hand and affixed the Seal of the Company, at Keene, New Hampshire SxNSu a�Nef this , 19 day of Wy o 10 October 79 y�,r laot Form PS -97E (Rev. 12(79) Secretary