HomeMy WebLinkAboutRESOLUTION - 8-77 - 2/8/1977 - LOC/EXTENSIONS FOR IMPROVE BISNER RD RESOLUTION NO. 8-77
A RESOLUTION ACCEPTING EXTENSIONS TO TWO (2) LETTERS OF CREDIT FROM
THE FIRST NATIONAL BANK OF CHICAGO (Letters of Credit Number G.T.
4089D AND G.T. 4108D) GUARANTEEING THE CONSTRUCTION OF BISNER ROAD
BETWEEN BIESTERFIELD ROAD AND THE NORTH SIDE OF WINSTON DRIVE
NOW, THEREFORE, BE IT ORDAINED 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
the acceptance of:
A. An extension to a Letter of Credit,dated January 24, 1977 and expiring
February 9, 1978, from the First National Bank of Chicago to guarantee
the construction of Bisner Road from Gloucester Drive to the north
side of Winston Drive. Letter of Credit No. G.T. 4089D, in the amount
of $62,000.00.
B. An extension to a Letter of Credit,dated January 24, 1977 and expiring
March 1 , 1978, from the First National Bank of Chicago to guarantee
the construction of Bisner Road from Biesterfield Road to Gloucester
Drive. Letter of Credit No. G.T. 4108 D. in the amount of $54,000.00.
Section 2. That the terms of these 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 the completion of construction of Bisner 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 February 1977.
APPROVED this 8th day of February 1977.
Charles J. Zettek
Village President
ATTEST:
Eleanor G. Turner
Village Clerk
The First National Bank of Chicago ORIGINAL L
� . INTERNATIONAL BANKING DEPARTMENT/IMPORT LETTERS OF CREDIT UNIT
Two Fin.1 National Plaza/Chicago, Illinois 60670
Cable National Chicago Telex 2-53801 DATE I AN 24 1977
RMO
❑ THIS AMENDMENT IS FORWARDED TO THE AMENDMENT NUMBER
ADVISING BANK BY AIRMAIL.
ISSUING BANKS NUMBER ADVISING BANK'S NUMBER
o Amendment To Documentary Credit
4108 D)4)(-X G . T.
66 Advising Bank Applicant
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CENTEX HOMES OF ILLINOIS INC.
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E Beneficiary
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VILLAGE OF ELK GROVE
THIS AMENDMENT IS TO BE CONSIDERED AS PART OF THE ABOVE
E MENTIONED CREDIT AND MUST BE ATTACHED THERETO.
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GENTLEMEN:
The above mentioned credit is amended as follows:
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Credit amount increased by. NSA
Shipment date extended to: N/A p
Expiry date extended to: MARCH L 1978,
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Z ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.
ADVISING BANK'S NOTIFICATION
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YOURS FAITHFULLY
The First National Bank f Chic � 1
B.
TM IZED S E AUT ORIZED SIGNATURE PLACE.DATE.NAME AND SIGNATURE OF ADVISING 6ANK.
11981-0-AF
The First National funk of Chicago ORIGINAL L7
® ' INTERNATIONAL BANKING DEPARTMENT/IMPORT LETTERS OF CREDIT UNIT I'
Two First National Plaza/Chicago, Illinois 60670 DATE jAN . 24 • 'I'l77
19 /
Cable National Chicago Telex 2-53801
RMO
❑ THIS AMENDMENT IS FORWARDED TO THE AMENDMENT NUMBER
ADVISING BANK BY AIRMAIL.
_ ISSUING BANK'S NUMBER ADVISING BANK'S NUMBER
Amendment To Documentary CreditT 4039 D
e
Advising Bank XC G Applicant
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CENTEX HOMES OF ILLINOIS INC.
F' Beneficiary
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VILLAGE OF ELK GROVE
THIS AMENDMENT IS TO BE CONSIDERED AS PART OF THE ABOVE
E MENTIONED CREDIT AND MUST BE ATTACHED THERETO.
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E GENTLEMEN:
The above mentioned credit is amended as follows:
0
Credit amount increased by: NSA
Shipment date extended to: N/A
u Expiry date extended to FEBRUARY 9, 1978.
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o ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.
ADVISING BANK'S NOTIFICATION
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YOURS FAITHFULLY
The first N tional Banff Chicago
AU HORI IGNATU E AUTHORIZ SIGNRTURE PLACE GATE NAME ANO SIGNATURE OF ADVISING BANK
11981-0- F
EdMund M. Burke & Associates,Ltd. LA
RECEIVED E. G, V.
ROUNDTREE COMMONS '.°.P. 2 8 1917
Pt-l3- "SKS. & EVGRG.
SUI MARY OF COSTS: Go tSrQ
a7.a.ov�'(aw..l2 �o- p vsT' A&3
AvWEST EAST -
1 -701 -90 Sanitary Sewer # 2q,ss012 $ 29 ,548.00 $ 26,141 .00 y�--��
tea^ ° X
17971 Water Main 41 q-0 84,141 .00 29,173.00 �O�O""�
d Tie R-}�+' 7. 1977
17992 Storm Sewer Sl qIq- o 51 ,513. 25 70,451 .11
17978 Public Streets & Walks 59, �73�' 59,472.50 6,786.50 # o0
/89,0 90 —
17979 Interior Streets & Walks �7.473�0 67,472.75 41 ,410.85
17977 Street Lighting Z,93d°° 2,927.34 1 ,951 .56
10 -2 95, OSI
TOTALS $295,074.84 5175,914.02
76-191
3-23-77
C : LlJ.Qak . Ben
Consulting Engineers ( 4101 Flossmoor Road / Country Club Hills, Illinois 60477 1 phone: (312) 799-1000