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Home My WebLink AboutRESOLUTION - 99-80 - 10/28/1980 - RELEASE MAINTENANCE BOND C � RESOLUTION NO. 99-80 A RESOLUTION RELEASING A MAINTENANCE BOND FOR OFFSITE PUBLIC IMPROVEMENTS AT THE SBL DEVELOPMENT, ROHLWING ROAD AND NERGE ROAD WHEREAS, the developer has submitted a Bill of Sale and Maintenance Bond in the amount of $27,000.00 from American States Insurance Company, expiring July 13, 1980, to the Village of Elk Grove Village as required by the Subdivision Control Ordinance and has fully complied with all provisions of any and all ordinances pertaining thereto; and WHEREAS, the developer has installed all public improvements as required by the Village, has made full payment of fees, and has submitted required As- Built-Plans. 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 Village President and Board of Trustees do hereby authorize release of Maintenance Bond No. EX416-917 from American States Insurance Company, for the offsite public improvements in the SBL Development at Nerge Road and Rohlwing Road, Section 2. That this resolution shall be in full force and effect from and after its passage and approval according to law. PASSED this 28th day of October 1980, APPROVED this 28th day of October 1980, 44� Village Pr ide ATTEST: VillAge Clerk AMERICAN STATES INSURANCE COMPANY INDIANAPOLIS, INDIANA Ex 416-917 MAINTENANCE BOND KNOW ALL MEN BY THESE PRESENTS, That SBL Associates Roselle IL as Principal, and American States Insurance Company , as Surety, are held and firmly bound unto the Village of Elk Grove Village, IL in the sum of Twenty-Seven Thousand and no/100 ---(27,000.00) , for the payment of which, well and truly to be made, we jointly and severally bind ourselves, our heirs, legatees, executors, a.dministrators , personal representatives, successors, and assigns firmly by these presents . The conditions of the above obligation are such that : WHEREAS, SBL Associates have constructed watermain improvements for Devon Avenue & Route 53 Development Job 861. Sanitary Sewer improvements for Devon Avenue & Route } 53 Development Job 861-75, Plans prepared by Pavia-Marting & Company dated respectively June 27, 1976 and May 14, 1976. =y NOW, THEREFORE, the condition of the foregoing obligation is such that if the Principal shall, for the period of two ^� years from the date hereof. Principal shall maintain, repair or replace the said G public improvements which deteriorate or fail to meet performance =V or operating standards and shall pay any penalties which may be incurred as a result there of, then this obligation shall be void; otherwide, it shall remain in full force and effect. Witness our hands and seals this 13th day of Jules, 1978. SBL Associates BY: (7Q, Aer n t'ates Insurance Corn any BY: Maintenance Bond for Offsite Improvements adopted by Resolution No. 22-80, and released by this Resolution. Returned to developer November 4, 1980. i 1 I✓ Form 9-1011 0.49 GENERAL ER OF ATTORNEY " Ameri,.an States Insuran%_ Company INDIANAPOLIS, INDIANA KNOW ALL MEN BY THESE PRESENTS, that American Slates Insurance Company, a Corporation duly organized and existing under the laws of the State of Indiana, and having its principal office in the City of Indianapolis, Indiana, hath made, constituted and appointed, and does by these presents make, constitute and appoint --------------------------------- LINDA FORSYTHE --- --- - ----- ------------------- of _ Wheaton and State of Illinois its true and lawful Attorney(s)-in-Fact, with full power and authority hereby conferred in its name, place and stead, to execute, acknowledge and deliver any and all bonds, recognizances,contracts of indemnity and other conditional or obligatory undertakings, rovided, however, that the penal sum of any one such instrument executed hereunder shall not exceed ONE MII LZON AND NO/10011000 000.00 DOLLARS ------------------- and 'o bind the Corporation thereby as fully and to the same extent as if such bonds were signed by the President,sealed with the common seal of the Corporation and duly attested by its Secretary, hereby ratifying and confirming all that the said Attorney(s)-in- Fac' may do in the premises. This Power of Attorney is executed and may be revoked pursuant to and by authority granted by Section 7.07 of the By-Laws of the American States Insurance Company,which reads as follows: "The Chairman of the Board, the President or any Vice-President shall have power, by and with the concurrence with the Secretary or any Assistant Secretary of the Corporation, to appoint Resident Vice-Presidents, Resident Assistant Secretaries and Attorneys-in-Fact as the business of the Corporation may require or to authorize any one of such persons to execute, on behalf of the Corporation, any bonds, recognizances, stipulations and undertakings, whether by way of surety or otherwise" Iti WITNESS WHEREOF, American States Insurance Company has caused these presents to be signed by its Vice-President, attestad by its Assistant Secretary and its corporate seal to be hereto affixed this _ 24th day of March—_ - A. D. 19_x. AMERICAN STATES INSURANCE COMPANY (SEAL) By William M_ Fvans ATTEST: Stan-I ey T Rie¢el second vice-President Assistant ecrelary STATE OF INDIANA 1. SS: COUNTY OF MARION) On this —211th— day of March _ , A. D., 19--77-_,before me personally came William M. Evans ,to me known,who being by me duly sworn, acknowledged the execution of the above instrument and did depose and say; that he is Vice-President of American States Insurance Company; that he knows the seal of said Corporation; that the seal affixed to the said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said Corporation; and that he signed his na,,)e thereto by like order. And said William M. DM S__ further said that he is acquainted with _Stan_-Riegel and knows him to he the Assistant Secretary of said Corporation; and that he executed the above instrument. January 10, 1981 Linda ,I. Cannon-------- My annon _ _-__My Commission Expires Notary Public STATE OF INDIANA SS: COUNTY OF MARION 7 I, Thomas M. Ober the Assistant Secretary of AMERICAN STATES INSURANCE COMPANY, do hereby certify that the above and foregoing is a true and correct copy of a Power of Attorney, executed by said AMERICAN STATES INSURANCE COMPANY, which is still in full force and effect. This Certificate may be signed and sealed by facsimile under and by the authority of the following resolution of the Board of Directors of American States Insurance Company at a meeting duly called and held on the 15th day of December 1972. "RESOLVED: That the use of a printed facsimile of the corporate seal of the company and of the signature of an Assistant Secretary on any certification of the correctness of a copy of an instrument executed by the President or a Vice-President pursuant to Section 7.07 of the By-Laws appointing and authorizing an Attorney-in-Fact to sign in the name and on behalf of the company surety bonds, underwriting undertakings or other instruments described in said Section 7.07,with like effect as ifsuch seal and such signature had been manually affixed and made, hereby is authorized and approved." �[�� In witnes whereof, I have hereunto set y hand and affixed the seal of said Corporation, this _--leoaZ day of - - (SEAL) Fnrm 0.1459 1`112-72) Assistant Secretary