HomeMy WebLinkAboutRESOLUTION - 38-79 - 5/22/1979 - LETTER OF GUARANTEE/SHENANDOAH SUBRESOLUTION NO. 38-79
A RESOLUTION ACCEPTING A REVISED LETTER OF GUARANTEE FROM NORTHWEST
FEDERAL SAVINGS GUARANTEEING THE CONSTRUCTION OF PUBLIC IMPROVEMENTS
IN PHASE I OF THE SHENANDOAH SUBDIVISION LOCATED EAST OF SECTION 22,
AND SOUTH AND WEST OF SECTION 18
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 revised Letter of Guarantee from Northwest Federal Savings
in the amount of $601,007.00, guaranteeing the construction of all public
improvements in Phase I of the Shenandoah Subdivision located east of Section
22, South and West of Section 18. Said Letter of Guarantee shall be effective
through March 31, 1980.
Section 2. That this resolution shall be in full force and effect from
and after its passage and approval according to law.
PASSED this 22nd day of May , 1979.
APPROVED this 22nd day of May , 1979.
Charles J. Zettek
Village President
ATTEST:
Fay Bishop
Village Clerk