HomeMy WebLinkAboutRESOLUTION - 2-90 - 1/9/1990 - LOC/GULLO SUB/NORTH OF OAKTONRESOLUTION NO. 2-90
A RESOLUTION AMENDING LETTERS OF CREDIT ADOPTED BY RESOLUTION
NO. 21-83 AND AMENDED BY RESOLUTION NO. 96-85 and 97-86, FROM
AMERIBANC/ELK GROVE NO. 16505, $8,530.50; NO. 1651S, $25,230;
AND NO. 16525, $16,500; GUARANTEEING THE CONSTRUCTION OF PUBLIC
IMPROVEMENTS IPI THE GULLO INTERNATIONAL OFFICE AND INDUSTRIAL
CENTER SUBDIVISION NORTH OF OAKTON STREET EXPIRING NOV.12, 1990
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 and placing on file three (3) amended Letters of
Credit totaling $51,260.50 from the US Ameribanc/Elk Grove, guaranteeing
the construction of public improvements; sidewalk work, streets, curbs,
water mains, sanitary sewers, storm sewers, and street lights in the
development known as Gullo International Office and Industrial Center in
accordance with the plans and specifications prepared by the Chia Company,
5732 Gardner Court, Hanover Park, Illinois and approved on October 11,
1979. Letter of Credit No. 16505, No. 16515, and No. 16525 expire November
12, 1990.
Section 2: That this Resolution shall be in full force and effect
from and after its passage and approval according to law.
PASSED this 9th day of January , 1990.
APPROVED this 9th
ATTEST:
Patricia S. Smith
Village Clerk
day of January , 1990.
Charles J. Zettek
Village President
k C NHD Elk (irovc Hank
100 East Higgins Road
. Flk Grove Village. Illinois 60007
312;439-1888
cable: HANKEFC,R Teles: 206806r 190278
LJ THIS AMENDMENT IS FORWARDED TO THE U THIS AMENDMENT IS IN CONFIRMATION OF
ADVISING BANK BY AIRMAIL THE CABLED ADVICE TO THE ADVISING BANK
ISSUING BANK'S NUMBER
Amendment To t7fXXHX&S 1XKj' Credit L/C 16505
Advising Bank
Beneficiary
Village of Elk Grove Village
901 Wellington
Elk Grove Village, IL 60007
GENTLEMEN:
The above mentioned credit is amended as follows:
DATE Nov. 14, 1989
BANK 5 NUMBER
Gullo International Development Corp.
1201 Oakton
Elk Grove Village, IL 60007
Amendment No. 6 to the above credit dtd.
March 14, 1983
THIS AMENDMENT IS TO BE CONSIDERED AS PART OF THE ABOVE
MENTIONED CREDIT AND MUST BE ATTACHED THERETO.
Expiration date is extended to November 12, 1990 at our counters.
All other terms and conditions remain unchanged.
Very truly yours,
Autnonaeo Signature / _ (/ Counter Signature
NBC Elk Grove Bank
bank's notification
Place, date, name and signature of advising bank.
G
U THIS AMENDMENT IS FORWARDED TO THE
ADVISING BANK BY AIRMAIL ,
IG
®100 FGro�croin Hank
� 100 Fastt Higgins Road
Flk Grove Villagc, Illinois 60007
312 439-1888
Cable:BANKELGR telex: 206806 190278
THIS AMENDMENT IS IN CONFIRMATION OF
THE CABLED ADVICE TO THE ADVISING BANK
Amendment To k`i`U� Credit
Advising Bank
Beneficiary
Village of Elk Grove Village
901 Wellington
Elk Grove Village, IL 60007
above mentioned credit is amended as follows:
DATE Nov. 14, 1989
ADVISING HANK'S NUMBE
L/C 16515
Applicant
Gullo International Development Corp.
1201 Oakton
Elk Grove Village, IL 60007
Amendment No. 6 to the above credit dtd.
March 14, 1983
THIS AMENDMENT IS TO BE CONSIDERED AS PART OF THE ABOVE
MENTIONED CREDIT AND MUST BE ATTACHED THERETO.
Expiration date is extended to November 12, 1990 at our counters.
Ali other terms and conditions remain unchanged.
'J -f
Authorized Signature
NBD Elk Grove Bank
Very truly yours,
Counter Signature
Advising bank's notification
Place, date. name and signature of advising Dank.
A M1BI) Elk (irme Bank
gG
100 Fast Higgins Road
• F.Ik Grovc Village, Illinois 60007
312 439-1888
Cablc: BANKP.LGR lctcx:206806 190278
J THIS AMENDMENT IS FORWARDED TO THE THIS AMENDMENT IS IN CONFIRMATION OF
ADVISING BANK BY AIRMAIL THE CABLED ADVICE TO THE ADVISING BANK
ISSUING BANK S NUMBER
Amendment Toj{ Credit
L/C 16525 q I 1
Advising Bank
Beneficiary
Village of Elk Grove Village
901 Wellington
Elk Grove Village, IL 60007
GENTLEMEN:
The above mentioned credit is amended as follows:
DATE Nov. 14, 1989
ADJIJINU HANK S NUMBER
D p (cant
Gullo International Development Corp.
1201 Oakton
Elk Grove Village, IL 60007
Amendment No. 6 to the above credit dtd.
March 14, 1983
THIS AMENDMENT IS TO BE CONSIDERED AS PART OF THE ABOVE
MENTIONED CREDIT AND MUST BE ATTACHED THERETO,
Expiration date is extended to November 12, 1990 at our counters.
All other terms and conditions remain
/7 t
Very truly yours,
Advising bank's notification
Aulnonled Slgnatgre ! _ V Gognler BlgnalureI I Place, date, name and Signature of adViSmg bank.
NBD Elk Grove Bank