The URL can be used to link to this page

Home My WebLink AboutRESOLUTION - 32-80 - 3/11/1980 - ELK GROVE IND PARK/DRAINAGE DITCHESRESOLUTION NO. 32-80 A RESOLUTION ACCEPTING A GENERAL PURPOSE RIDER TO A MAINTENANCE BOND FOR DRAINAGE DITCHES IN THE ELK GROVE INDUSTRIAL PARK WHEREAS, the developer of Elk Grove Industrial Park has submitted a Maintenance Bond in the amount of $54,000.00 from the United States Fire Insurance Company, which Bond expires on March I, 1980; and WHEREAS, the developer has installed all drainage ditches as required by the Village, and did submit said Bond to insure completion of any remaining work; and WHEREAS, As of March 1, 1980 the remaining work has not yet been completed, therefore,the developer has submitted to the Village a General Purpose Rider, which rider reduces the original amount of $54,000.00 to $20,000.00 and extends the term of said Rider for a Six Month Period expiring on September 1, 1980. NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois: Section 1. That the President and Board of Trustees do hereby authorize acceptance of the General Purpose Rider to Bond No 610 009265 7, from the United States Fire Insurance Company, insuring completion of the remaining work to be completed within the drainage system at the Elk Grove Industrial Park. Section 2. That this resolution shall be in full force and effect from and after its passage and approval according to law. PASSED this 11th day of March 1980. APPROVED this 11th day of March 1980 Charles J. Zettek Village President ATTEST: Fay M. Bishop Village Clerk RE:Ceivea r f� 2 9 1980 PILLAGE MANAGER'S OFFICE February 29, 1980 TO: C. A. Willis, Village Manager FROM: T. J. Cech, llage Engineer SUBJECT: Maintenance Bond - Elk Grove Industrial Park Attached please find a General Purpose Rider to Bond No.610-009265-7 for the Drainage Ditches in the Elk Grove Industrial Park, submitted by Trammell Crow Company. This rider will extend the original bond 6 months to September 1, 1980, and at a reduced amount of $20,000. The bond will guarantee the completion of general ditch grading and structure adjustment. Upon satisfactory review by the Village Attorney, I recommend approval by the Village Board (two copies are attached for signature by the Village President.) Please return one copy to me for forward- ing to the bonding company. TJC:wj enc. r POWER OF ATTORNEY UNITED STATES FIRE INSURANCE COMPANY PRINCIPAL OFFICE, NEW YORK, N,Y. KNOW ALL MEN BY THESE PRESENTS: That UNITED STATES FIRE INSURANCE COMPANY ("Company"), a cor- poration duly organized and existing under the laws of the State of New York, and having its administrative offices in the Township of Morris, State of New Jersey, has made, constituted and appointed, and does by these presents make, con- stitute and appoint Joe Bruce, Janice G. Correy, H. A. Gibson, Robert D. White, W. Lawrence Brown, Dorothy Valek of Dallas, Texas, each its true and lawful Agent(s) and Attorney(s)-in-Fact, with full power and authority hereby conferred in its name, place and stead, to execute, seal, acknowledge and deliver: Any and a 1 1 bonds and undertakings EXCEPT bonds on behalf of Independent Executors, Community Survivors, Community Guardians---------------------------------------------------- --------------------------- -------- ------------------ and to bind the Company thereby as fully and to the same extent as if such bonds had been duly executed and acknow- ledged by the regularly elected officers of the Company at its principal or administrative offices in their own proper persons. This Power of Attorney limits the act of those named therein to the bonds and undertakings specifically named therein, and they have no authority to bind the Company except in the manner and to the extent therein stated. This Power of Attorney revokes all previous powers issued in behalf of the attorney(s)-in-fact named above. IN WITNESS WHEREOF United States Fire Insurance Company has caused these presents to be signed and attested by its appropriate officers and its corporate seal hereunto affixed this 7th day of J u 1 Y 19 —ZR. e "mow' Attest: Assistant Secretary Richard A. Annese STATE OF NEW JERSEY) ss.: COUNTY OF MORRIS ) UNITED STATS FIRE INSURANCE COMPANY of Pr vden Harry N Bott eA4�li day of July 197 i, before the subscriber, a duly ed ta'ry�Public of the State of Vew Jersey, came the above-mentioned Vice President and Assistant e[arx o td,d States Fire Insurance Company, to me personally known to be the officers described in, and who dWgb Afz'dYthe pfeceding instrument, and they acknowledged the execution of the same, and being by me duly sworn, de- pace&A said, tha;they are the officers of said Company aforesaid, and that the seal affixed to the preceding instrument is the„ yTFporat*Se4l of said Company, and the said Corporate Seal and their signatures as officers were duly affixed and str{'is n5e`d to the 4d instrument by the authority and direction of the said Company. �' .4 �.t 0*'ktONY WHEREOF, I have hereunto set my hand and affixed my seal at the Township of Morris, the day and year first above written. FRIEDA L. BELLER (Signed) NOTARY PUBLIC OF NEVI JERSEY _ C CLQ ,9( { LLZ' .al) My Commission Exoires)uly 2. 1981 Nnrary Pnhf7a GENERAL PURPOSE RIDER To be attached to and form part of Bond Number 610 009265 7 (Drainage Ditch Maintenance Bond) effective March 1, 1979 , issued by United States Fire Insurance Company in the amount of Fifty -Four Thousand and No/100-------------------- ($54,000.00) Dollars, on behalf of Elk Grove Village Industrial Park, Ltd. as Principal and in favor of Village of Elk Grove Village, Illinois , as Obligee: Now, Therefore, it is agreed that: The amount of the bond is hereby reduced to Twenty Thousand and No/100-- ---($20,000.00) Dollars, and further the term is extended for a further six months period from March 1, 1980 to September 1, 1980. It is further understood and agreed that all other terms and conditions of this bond shall remain unchanged. This rider is to be effective the 1st day of March 19 80 Signed, sealed and dated this 25thday of February , 19 so Elk Grove Village Industrial Park. Ltd. United qtatpq Fire Insurance Qnmj2any. (Principal) (Surety), By Z/- By By Dorothy Val9f, Attorney -in -Fact Accepted By: Village of Elk Grove Village, Illinois it' By: �Jjj This Pawer of Attorney is gran ' pursuant to Article IV of the By -Laws of t 'TED STATES FIRE INSURANCE COM- PANY as now in full force and t _t and which provides as follows: ARTICLE IV., Execution of Instruments: "The Chairman of the Board, Vice -Chairman of the Board, President, or any Vice - President, in conjunction with the Secretary, or any Secretary, if more than one shall be appointed by the Board, or an Assistant Secretary, shall have power on behalf of the Corporation: (a), to execute, affix the corporate seal manually or by facsimile to, acknowledge. verify and deliver any, contracts, obhgauuni. instruments and documents whatsoever in connection with its business including, without limiting the foregoing, any bonds. guarantees, undertakings, recognizances, powers of attorney or revocations of any powers of attorney, stipulations. policies of insurance, deeds, leases, mortgages, releases, satisfactions and agency agreements: (b) to appoint, in writing, one or more persons for any or all of the purposes mentioned in the preceding paragraph (a), including affixing the seal of the Corporation." This Power of Attorney is signed and sealed under and by the authority of Article I11, Section 9 of the By -Laws of the UNITED STATES FIRE INSURANCE COMPANY as now in full force and effect and which provides as follows: ARTICLE III., Section 9. Facsimile Signatures: "The signature of any officer authorized by the Corporation to sign any bonds, guarantees, undertakings, recognizances, stipulations, powers of attorney or revocations of any powers of attorney and policies of insurance issued by the Corporation may be printed facsimile, lithographed, or otherwise produced.... The Corporation may continue to use for the purposes herein stated the facsimile signature of any person or persons who shall have been such officer or officers of the Corporation, notwithstanding the fact that he may have ceased to be such at the time when such instruments shall be issued." CERTIFICATE State of New Jersey County of Morris 1, the undersigned, Assistant Secretary of UNITED STATES FIRE INSURANCE COMPANY, DO HEREBY CERTIFY that the foregoing POWER OF ATTORNEY remains in full force and effect and has not been revoked and furthermore that the above quoted abstracts of Article IV, and Article 111., Section 9. of the By -Laws of the Company are now in full force and effect. In Testimony Whereof, I have hereunto subscribed my name and affixed the corporate seal of the said Company, this 25thday of February 19 BO By Asostant Secretarc Ernest E. Smith .F�.203.0.13117.751