HomeMy WebLinkAboutRESOLUTION - 9-80 - 1/8/1980 - LOC/BEISNER RD RESOLUTION NO, 9-8n
A RESOLUTION ACCEPTING EXTENSIONS TO TWO (2) LETTERS OF CREDIT FROM THE
FIRST NATIONAL BANK OF CHICAGO, GUARANTEEING THE CONSTRUCTION OF BEISNER
ROAD BETWEEN BIESTERFIELD ROAD AND THE NORTH SIDE OF WINSTON DRIVE AND
FROM BIESTERFIELD ROAD TO GLOUCESTER DRIVE
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
acceptance of:
A. An extension to a Letter of Credit, dated December 24, 1979, expiring
February 9, 1981 , from the First National Bank of Chicago, to guarantee
the construction of Beisner Road from Gloucester Drive to the north
side of Winston Drive. Letter of Crdlt No. G.T. 4089D, in the amount
of $62,000.00.
B. An extension to a Letter of Credit, dated December 24, 1979 expiring
March 1 , 1981 , from the First National Bank of Chicago, to guarantee
the construction of Beisner Road from Biesterfield Road to Gloucester
Drive, Letter of Credit No. G.T. 4108D, in the amount of $54,000.00.
Section 2, That the terms of the above Letters of Credit will be duly honored
as specified on or before their expiration dates.
Section 3. That Centex Homes, Inc. , shall furnish a Deed of Conveyance and
Two Year Maintenance Bond upon completion of construction of Beisner Road.
Section 4. 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: 'Village Prudent
V' lage Clerk tl
1 TKIGlwu
- The First National Bank of Chico o �7
ly + INTERNATIONAL BANKING DEPARTMENT IMPORT LETTERS OF CREDIT UNIT - � -
wo First Notionol Plozo/Chico o,Illinois 60670
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'Cable National Chicago Telex 2.53801
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-THISADMFJVTISFotxwARDEDTOTHe - 'AMENDMENT NUMBER "
ADVISING BANK BY AIRMAIL.
ISSUING 13.N NUMBq ADVISING BANKS NUMBER
.Amendment To Documentary Credit
, 4089 ._ .._
Advising Bank �CENTEXHOMES OF ILL NOIS INC.
E Beneficiary
SXX6hT LAGE OF ELK GROVE
7V� WELLINGTON " - - -" THIS AMENDMENT IS TO BE CONSIDERED AS PART OF THE ABOVE
c ELK. GROVE -VI LLAGEj - I LLI NOI'S 60007 MENTIONED CREDIT AND MUST BE ATTACHED THERETO. -
U ATTN: , GARY PARRIN ASST. VILLAGE MGR. ,, --• -_
GENTLEMEN:
_._ _
s` The above mentioned credit is amended as follows:
Credit amount increased by: N/A
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Shipment dale extended to: N/A
zExpiry date extended to: FEBRUAR7 "�8�.a _
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`g All OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. - -- -- -
2. ADVISING BANK'S NOTIFICATION - -- - '
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YOURS FAITHFULLY '
`s The First National Bank of Chicago _
MRHORIZED SIGNATURE AU ONIZED SIGNATURE PL.A(E.DATE NAME AND SIGNATURE Of'ADVAING BANK •'
1991-0-AF _
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The First National Bank of Chicago --- 7
INTERNATIONAL BANKING DEPARTMENT/IMPORT LETTERS OF CREDIT UNIT
+�� I d �+. Two fir.f National Plaza/Chi<G9o,Illinois 60670 - - ��-
i= _.Y �7-=� E t... °_r-ft '-__ _ _ .:..DATEnFcFMAFR 2�},� - �q79
Cable National Chicago Telex 2 53801 4-
ADVISING ' .. -
JCS .:
a THIS AMENDMENT IS FORWARDED TO THE
--� - AMENDMENT NUMBER
BANK BY AIRMAIL. - - - - '- ' ' '-
1"U1N0 BANKS NUMB. ADVKING BANKS NUMBER
-Amendment To Documentary Credit 4108
Advising Bank ` E�.ti1C. G.T, Applicant
Z - - --- - CENTEX HOMES OF ILLINOIS INC.
m
E Beneficiary
3 46JLAGE OF ELK. GROVE
WELLINGTON - - -- - THIS AMENDMENT IS TO BE CONSIDERED AS PART OF THE ABOVE .
ELK. GROVE - VILLAGE, ILLINOIS .60007 - -- MENTIONED CREDIT AND MUST BE ATTACHED THERETO.
8 ATTN :, GARY PARRIN-ASST,. VILLAGE MGR.
E GENTLEMEN:
The above mentioned credit is amended as follows: ' - - - ---
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"; Credit amount increased by:
c Shipment date extended to: . N/A
_ ..
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u Expiry date extended to: MARCH 1, 81,
81�1_ s q�.. -
-
I ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. - " - - '-- -- - - - '•
,- - - - ADVISING BANK'S NOTIFICATION • -
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O
o - - - YOURS FAITHFULLY --
s The First National Bank of Chic
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AUDIORIZED SIGNATURE AUTNDRI2ED SIGNATURE PLACE DATE NAME AND SIGNATURE DF ADVISING BANK -
.11 81-0-AF