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Home My WebLink AboutRESOLUTION - 33-79 - 5/8/1979 - LETTER OF GUARANTEERESOLUTION NO. 33-79 A RESOLUTION ACCEPTING A LETTER OF GUARANTEE FROM THE LASALLE NATIONAL BANK, GUARANTEEING THE CONSTRUCTION OF PUBLIC IMPROVEMENTS IN PHASE IIA AND PHASE IIB IN THE REGENCY SQUARE DEVELOPMENT LOCATED NORTH OF LANDMEIER ROAD ON PERRIE 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, Illinois: Section 1. That the President and Board of Trustees do hereby authorize the acceptance of a Letter of Guarantee from the LaSalle National Bank in the amount of $26,113.00, guaranteeing the construction of all public improvements in Phase IIA and Phase IIB of the Regency Square Development. Said conditions of the Letter of Guarantee are contained in the February 27, 1979 Letter of Guarantee from the LaSalle National Bank and attached hereto as Exhibit ''A''. 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 May , 1979. APPROVED this 8th day of May , 1979, ATTEST: Fay Bishop Village Clerk Charles J. Zettek Village President POw'ER 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 Attornev(s)-in-Fact, with full power and authority hereby conferred in its name, place and stead, to execute, seal, acknowledge and deliver: Any and all bonds and undertakings EXCEPT bonds on behalf of Independent Executors, Community Survivors, Community Guardians -------------------------------------------------------7 ---------------------------------------------------------------------- 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 i,s 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 officer and its corporate seal hereuntu affixed tins 7 t h day of J U 1 y , IQ 7 R. Attest Assistant Secretar_% Richard A. Annese STATE OFNEW JERSEY) COUNTY OF MORRIS ) ss' UNITED STATES FIRE INSURANCECOMPANY 'V& Pr4sident- Harry 11\ Bott t 7th da} of __.._ J u 1_� 19.7 8 , before the subscriber, a duly .9'/FIyltdli'fiedCptan Public of the State of New lersec, came the above-mentioned Vice President and Assistant Secretary of`T,�nitfa States Fire Insurance Company, to me personally known to be the officers described in, and who (.�`� 7(e ctcu she preca.,mg instrumem, and the}acknowledged the execution of the same, and being by me duly sworn, de- f posed and said, that -they are the officers of said Company aforesaid, and that the seal affixed to the preceding instrument -i; is th _CoMoratq'S>_;1 of said Company, and the said ^.orporate Seal and their signatures as officers were duly affixed and ;� �, suF,efiY5ea to the�.klgid instrument by the authority and direction of the said Company. bNY WHEREOF. I hate hereunto set ms hand and affixed my seal at the Township of Morris, the dat and year first above written. FRIEDA L. SELLER (Signed) NUTAP" !'UBLIC OF `ic';, Ju :.E'f `�F % A (Seal) W, Cc i—ioaEynnes).:`.•:...:,: NotartPublic 4;�WS •3 ;sau.A3 Nvla ,�s n vl S,SSv AE iscu iero'soz w=j to Arp }s-[ riupdwoD pies ayi jo leas aipiodioa aqi paxijje pup awru riui paquasgns olunaiag anpq I 'loaiagAk Auownsal ul 130jjz pup aalo{ lin; ui mou ale Auedwo3 aqi to smq-A9 ayi to '6 110110aS -III aiapiV pup 'Al almoV to slariisge paionb anoge Dill 111th aiowaglinl pup pa?;onai uaaq lou spy Pup ba ja pup 01101 11113 ut suiewai k3N1OIIV .40 El'&Od woaaiol 0111 1pyi A.411'd3O 1 U'M OG `,WVdWOJ 93NV1f)SNi 311.4 S31VIS Q311NI1 to AielaliaS luelsissV 'pau8isiapun aqi `I suioj> to AlunoO Aasia) A+PN to alMS 31V31.41113) „'panssi aq ilrgs sivawniisui gans uaym aims alit ir yans aq of paspaa aney Aeui ay 1pyl iari aip ftpueisgilmiou'uopr.lodio�-) aqi to siaayio io laapio gans uaaq aneg Ilpils oqm suosiad io uosiad riuu jo iinlpugis opwisaet a11l pains uialay sasodind 0111 lot asn of anupuoa Arw uoupiodioD aqi ....1100111101.4 asimlaipo in 'pagdrjAoiilr `apunsar.l paluud ac, Ar.w urnmiodioD aip Aq panssi Paurmsui in saiailod Pup Aauiolir to siamod ACr jo SUopeooA01 10 riau.lollr jo siamod'suourindns'sa^urziubooai'sSuIYrllPpun'SaatUrlrn3'Spnoq Aup utis ni unilriodio:) aqi riq pazuoginr iaaillo ,Sur to ainirtOs 041„ :sainlruf?iS aliwisarj .6 uoiiaaS •-iii 3iJ111V :smogot se sapinoid gitym pup 100th put! Palo) 11111 ui mou se ANVcINTOJ 3DNV1r1S^:I 311.1 S31V.LS 4311Nf 1 agi to sme-j-A9 aqi JO 6 uoiiaaS -111 aioiuv to Alpoylnr aqi nq pur iapun paluas pup pauSIS Si Aawo11V to iamod sigl 'uouriodio,') alit to leas aip 9uixiljr Suipnlaui (r) ildr,i9r.md 9uipa1aid ayi ui pauopuaw sasodind mil to lir in Aur. tot suosiad aioui to auo 'ounum ui `iwoddr. of (q) 'sluau:aali?n pur suop,,rlsilrs 'sascaiai ` SaftFiioiu'smral 'spaap •anirinsui to saiailod suopejnaps ' Aaujollr jo slamod riuu jo suopra0Aal ]o APW011L' j0 S13A+Od'Sa1lie Zluuoiai siuryeliapun'saaturirna'spuoq riuu &no8aloj aip',upnuii inoglim'ouipnl0ui ssauisng sF 11nm IIopaauuoa in lanaosirye+ sluaumaop put. sivauinilsui •stioproggo siariluca riuu la.viap pup AipOA'aiipaJmou'{ar.'01 aliwisapi riq to Allpnurw lros air3odion aip zoic -'011100x0 oi '(c) :uopeiodio) iiji to ilrgaq uo lan+od a. J:u 11pils 'riirlalaaS weisissV ur. to 'pino9 a:p .<q paiuioddr aq pegs auo upyl aiow li '.(irlalaas riui in `.itetalaag 0111 giim uopauniuoP vi 'luapisa.rd -a0iA riup 10'luapisald'piro9 ayi to upwiipu21-Pain `pir09 ay) to urwnrqD aqi., xivawnilsul to u011n3ax3 "A1.3'1J111V sn+011111 Sr. sapinoid yaiy.+c pur 1aa))a pur 00101 piq ut mnu se ,kNVd -WOE 3DNV1,,SNI 311.4 S31-VLS C13i1\(l 1,) s.++rl-A9 ayi to AT alaniV 01 lurnslnd paluri"l st .taumnV to iamod stili DRAINAGE DITCH MAINTENANCE BOND BOND NO. 610 099265 7 STATE OF ILLINOIS COUNTY OF DUPAGE KNOW ALL MEN BY THESE PRESENTS: That we, ELK GROVE VILLAGE INDUSTRIAL PARK, LTD., as Principal, and UNITED STATES FIRE INSURANCE COMPANY, as Surety, are held and firmly bound unto the VILLAGE OF ELK GROVE VILLAGE, ILLINOIS, as Obligee, in the sum of FIFTY-FOUR THOUSAND AND NO/100 DOLLARS ($54,000.00) lawful money of the United States, for the payment of which sum well and truly to be made, we hereby bind ourselves, our successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal has constructed in the Elk Grove Industrial Park, Elk Grove, Village, Illinois, drainage ditches, all of said improvements having been installed in accordance with engineering plans prepared by Elk Grove Engineering identified as Plan Number 6174, Sheets I through 10, dated August 5, 1971 (original date July 12, 1969), plans prepared by Elk Grove Engineering identified as Plan Number 6174-3, Sheets I through 7, dated December 14, 1971 (original date February 27, 1970), and plans prepared by Elk Grove Engineering identified as Plan Number 6174-4, Sheets I through 5, dated August 9, 1972, such work having been installed on streets and easements having been dedicated or granted to the Village of Elk Grove Village. WHEREAS, said Obligee requires that the Principal shall furnish a bond conditioned to guarantee against all defects, workmanship and materials during a period of one year., from the effoc+ive date cf thlc f,,r and, the said Principal shall maintain, repair or replace any of the said public improvements which deteriorate or fail to meet performance or operating standards during the bond term ending March I, 1980 and further, shall pay any penalties which may be incurred as a result thereof. NOW, THEREFORE, the condition of the foregoing obligation is such that if the Principal shall indemnify the Obligee for all loss that the Obligee may sustain by reason of the Principal's failure to comply with any of the conditions of this guarantee, then this obligation shall be void; otherwise it shall remain in force. SIGNED, SEALED AND DATED THIS 1st day of March 1979 ELK GROVE VILLAGE INDUSTRIAL PARK, LTD. B y : UNITED STATES FIRE INSURANCE COMPANY By l� nice G. Correy, Attorney in_ Fact C, ersigned by: Ip'inors Reside Agent X A-Yexander b Alexander 2 N. Riverside Plaza Chgo., Ill. 60606