HomeMy WebLinkAboutRESOLUTION - 14-88 - 2/23/1988 - LOC ACCEPTED/RBC TECH CENTER IIRESOLUTION NO. 14-88
A RESOLUTION ACCEPTING AMENDMENT NO. 1 TO IRREVOCABLE LETTER
OF CREDIT NO. 311218 FROM THE FIRST NATIONAL BANK OF CHICAGO
DECREASING THE ORIGINAL AMOUNT OF $70,000 TO $6,350 TO
GUARANTEE COMPLETION OF PUBLIC IMPROVEMENTS AT RBC TECH CENTER
II, EXPIRING DECEMBER 31, 1988
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 Amendment No. 1 to an Irrevocable Letter of Credit No. 311218
from the First National Bank of Chicago in the amount of $6,350.00 to guarantee
the completion of public improvements at the RBC Tech Center II as fully
described in Exhibit "A" attached hereto and made a part hereof in accordance
with approved plans and specifications with revisions dated November 18, 1986,
prepared by Elk Grove Engineering Co., 860 Lively Boulevard, Elk Grove Village,
Illinois. Said Amendment No. 1 expiring December 31, 1988.
Section 2. That this Resolution shall be in full force and effect from
and after its passage and approval according to law.
PASSED
this
23rd
day
of
February
, 1988.
APPROVED
this
23rd
day
of
February
, 1988.
Charles J. Zettek
Village President
ATTEST:
Patricia S. Smith
Village Clerk
FIRST CHICAGO
The First National Bank of Chicay_
AmrurIP(PNI'
V/II_LA6E OF ELK GROVE VILLAGE
/4U 1. WELLINGTON AVENUE
✓✓✓ ELK CROVE r It. 60007
Gf:NI'LE:11F.:N:
WE ARE INSTRUCTro BY
DRAPER AND KRAMER
30 WEST MONROE STREET
CHICAIJOv II_ 60603
MAIL
TRADE 'VICES GROUP
L . E 0236
CHICAGO, ILLINOIS 60670 U.S.A.
Swift Address: FNBCUS44
Cable address: NATIONAL CHICAGO Telex number: 2.53801
DA'rr, IXEC1:14YE1; :'.Os 1497
DRAIrTl) DRAtdl•( MUST }:117 MARKED:
00311218
OPENS}'.' S PEIFI"RENCE. 1\101
31121B
RECEI VEP
JAN 2 719gg
EMG1N C��TM.j
TO AMEND CREDXT 311218 AS ISSU17D IN YOUR FAVOR.
THX3 AMENDMENT X> AN XNrf..0Rall_ PART OF THE UItIUXNAL CREDIT.
ALL OTHER TERMS AND CUMDXTICIML, OF 'rm- U m;yNP.I_ CRF11X'r XI•(Snimmirwr
REMAIN UNCHAN61::D.
AME(dDrD TERM",
1
THE Amuurrr or 'THIS Lf"r-rER UI- CRFIIIT X(i DIN3"'I?ASE"D BY U,.';' DOLLARS
63v6'50.00 TO AN AOURE.OATE: OF U.B. DOLA.AIi.`i •S,350.00
THIS 10 AMEN )MI -MIT NUMBER 1.
NOTF'1 PLEASE NOTIFY US IMMEBXA'rFL.Y BY RI:T(IRN MAXL OF You
11 /
ACCEPTANCE* OR MON --ACC(-:N'I'ANL'E: OF I'HX8 AMENDMENT. j/
YOURS VI -R1' TlzLit "Y
THr FIRST NAIJONAL. DARK 01-- CIIXCAGU
PRE}''A};I'F;/ACI'(NC11iX'/. 'i:((iNI:R
AUTHORl .11 i's I(',I.rl'.
'e'04f
Tech oRIGiNAL
Attachment !'Al'
This page forms an integral part of letter of credit No. 311218
RBC -TECH CENTER II
ELK GROVE VILLAGE, ILLINOIS
LEGAL DESCRIPTION
PLAT DATED 08/11/86
RBC -TECH CENTER SUBDIVISION UNIT 2
IN THE NORTHWEST QUARTER OF THE
SOUTHWEST QUARTER OF SECTION 26,
TOWNSHIP 41 NORTH, RANGE 11,
EAST OF THE THIRD PRINCIPAL MERIDIAN,
IN COOK COUNTY, ILLINOIS.
EMP:lh/112186