HomeMy WebLinkAboutRESOLUTION - 28-90 - 4/24/1990 - RELEASE MAINTENANCE BONDRESOLUTION NO. 28-90
A RESOLUTION RELEASING MAINTENANCE BOND NO. 5344114 FROM SAFECO
INSURANCE COMPANIES EXPIRING MAY 31, 1989 IN THE AMOUNT OF
$383,586.00 ACCEPTED BY RES. 58-87 FOR CENTEX SECTION 23A;
SECTION 23B RESUBDIVISIONS 1, 2, AND 3; SECTIONS 24 and 25
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
authorized the release of Maintenance Bond No. 5344114 from Safeco
Insurance Companies in the amount of $383,586.00 previously accepted by
Resolution No. 58-87 to guarantee material and workmanship of all
public improvements constructed within Centex Subdivision Sections 23A;
23B Resubdivisions 1, 2, and 3; and Sections 24 and 25. Said Maintenance
Bond expired May 31, 1989.
Section 2: That this Resolution shall be in full force and effect
from and after its passage and approval according to law.
PASSED
this
24th
day
of
April
1990.
APPROVED
this
24th
day
of
April
1990.
Charles J. Zettek
Village President
ATTEST:
Patricia S. Smith
i age er