HomeMy WebLinkAboutRESOLUTION - 50-91 - 11/12/1991 - LOC AMENDED/CONT'L CABLEVISIONRESOLUTION NO. 50-91
A RESOLUTION AMENDING THE EXPIRATION DATE OF IRREVOCABLE
LETTER OF CREDIT NO. 305810 (ACCEPTED BY RES. NO. 76-84)
FROM FIRST CHICAGO BANK IN THE AMOUNT OF $10,000.00 TO INSURE
FAITHFUL PERFORMANCE BY GRANTEE, CONTINENTAL CABLEVISION OF
NORTHERN COOK COUNTY EXPIRING OCTOBER 22, 1992
NOW, THEREFORE, BE IT RESOLVED 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 an amendment to the expiration date of
Irrevocable Letter of Credit No. 305810 from First Chicago Bank, in the
amount of $10,000.00 previously accepted by Resolution No. 76-84, to insure
the faithful performance by grantee, Continental Cablevision of Northern
Cook County, of all provisions of the franchise agreement. Said Letter of
Credit expiring October 22, 1992.
Section 2: That this Resolution shall be in full force and effect
from and after its passage and approval according to law.
PASSED this 12th day of November , 1991.
APPROVED this 12th day of November , 1991.
Charles .T_ 9cthele
Village President
ATTEST:
Patricia S. Smith
Vil age Clerk
FIRST CHICAGO
The' First National Bank of Chicago
AMENDMENT
MAIL
VILLAGE OF ELK GROVE VILLAGE
ELK GROVE.. IL
.ENTLEMEN:
WE ARE INSTRUCTED BY
:ONTINENTAL CABLEVISION OF
NORTHERN GOOK COUNTY
638 INDUSTRIAL DRIVE
ELMHURST, IL 60126
TRADE FINANCE
ONE NORTH DEARB( J - 9TH FLOOR, MAIL SUITE 0812
CHICAGO, ILLINOIS 60670-0812 U.S.A.
Telex: TRT 190201 FNBC UT Swift Address: FNBCUS44
ITT 4330253 FNBCUI FAX: (312) 407-1065
TEL: (312) 407-3843
DATE: SEPTEMBER '18, 1991
DRAFTS DRAWN MUST BE MARKED:
00305810
OPENER'S REFERENCE NO:
305810
TO AMEND (,REDIT 305810 AS ISSUED IN YOUR FAVOR.
THI'S AMENDMENT IS AN INTEGRAL FART OF THE ORIGINAL CREDIT.
ALL OTHER TERMS AND CONDITIONS OF THE LETTER OF CREDIT INCLUDING
FREVI:OUS AMENDMENTS REMAIN UNCHANGED.
AMENDED TERMS;
EXPIRATION DATE : OCTOBER 22, 1992
THIS IS AMENDMENT NUMBER 4.
YOURS VERY TRULY
FREPARER/AUTHORIZED SIGNER
AUTHORIZED SIGNER
ORIGINAL
U
jj(;tIVEU
OCT 1 6 1991
MAGE CLERK'S OFFICE