HomeMy WebLinkAboutRESOLUTION - 19-88 - 3/8/1988 - DEED OF CONVEY/BILL OF SALE/LOC RELEASERESOLUTION NO. 19-88
A RESOLUTION ACCEPTING A DEED OF CONVEYANCE/BILL OF SALE AND
RELEASING AN IRREVOCABLE LETTER OF CREDIT NO. 80-154 ACCEPTED
BY RESOLUTION NO. 12-87 FROM MATTESON-RICHTON BANK ($10,560.28)
FOR 1700 BUSSE ROAD (RUBIN PARTNERSHIP)
WHEREAS, the Developer (Rubin Development) has submitted a Deed of
Conveyance/Bill of Sale and requested release of an Irrevocable Letter of
Credit No. 80-154 from Matteson -Richton Bank in the amount of $10,560.28;
and
WHEREAS, the Developer has satisfactorily submitted all necessary
items as required by the Village:
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees
of the Village of Elk Grove Village, Counties of Cook and Du Page, Illinois:
Section 1: That the Village of Elk Grove Village does hereby accept
a Deed of Conveyance/Bill of Sale from Rubin Development on the "Project"
known as Rubin Partnership, 1700 Busse Road, Elk Grove Village, Illinois.
Section 2: That the Village of Elk Grove Village does hereby
release Irrevocable Letter of Credit No. 80-154 from Matteson -Richton
Bank in the amount of $10,560.28 guaranteeing the completion of public
improvements at 1700 Busse Road (Busse & Lunt). Said Irrevocable Letter of
Credit expires April 30, 1988. All necessary site improvements have been
completed to the satisfaction of the Village Engineer.
Section 3: That this Resolution shall be in full force and effect
from and after its passage and approval according to law.
PASSED this 8th
APPROVED this 8th
ATTEST:
Ilafern R. Snick
Deputy Village Clerk
day of March , 1988.
day of March , 1988.
Charles J. Zettek
Vi age President
Q�G00 EED OF CONVEYANCE /BILL OF SALE1
ip
61,0 dry
KNOW ALL MEN BY THESE PRESENTS, that Rubin Development
(the "Developer"), located at
1250 N. Ellis Street, Bensenville, Illinois_ 60106 ,
a partnership (corporation, partnership, individual)
authorized to do business in the State of Illinois, for and in consideration of
the sum of One Dollar (;1.00) and other good and valuable consideration in hand
paid, the receipt and sufficiency of which are hereby acknowledged, does hereby
Grant, Sell, Transfer Over, Convey and Deliver unto the Village of Elk Grove
Village (the "Village"), Cook and DuPage Counties, Illinois, a municipal corpor-
ation, to and for its own use forever the following:
UNDERGROUND IMPROVEMENTS
F7 Watermain and Appurtenances
Sanitary Sewer and Appurtenances
XO Storm Sewer and Appurtenances
Lift Station and Force Main
F7 Other
SURFACE IMPROVEMENTS
Roadways (Curb & Gutter/Pavement) (Street Names)
Q Sidewalks
F7 Parkway Trees
QTraffic Control/Street Signs
7 Storm Water Retention/Detention Basins
Q Other
cont'd...
Project known as 1700 Busse Road, Elk Grove Village, 11. 600p7
as described on the "as -built" engineering plans prepared by
k ; n)Jact
ove I.�ineerinp Company located at
Blvd. , Elk Grove Village, 111. 60007
Y„ tate,i _ 9-23-85 , which plans with "Bill of Materials"
,ncCrpora:ed by reference and made a part hereof.
NAEREAS, the Developer does hereby warrant to the Village, it is the lawful
i.. of and ias good and marketable title to the aforedescribed improvements; that
acme are 'ree from all encumberances; that the Developer has the right to Sell
ame; and that the Developer warrants and will defend and hold harmless the
:�,7e igain.:t the lawful claims and demands of all persons with respect to the
t hereby .,onveyed; and that the execution of this Bill of Sale/Deed of Con -
t)(79 Ss an authorized Act of Said Corporation, Individual or Partnership.
_w IrTNE.'S WHEREOF, the Developer has caused this instrument to be signed and
rere I thi. _ 17 th day of ebruary 1988
04 1 lam'
r,ld F.dWa'd ti (DATE)
Rubin
nei (TITLE)
7
(NAMk) �t—
. "� !', i.P1:P 1 S) /C%✓NER�S�
a4E ] NSPEC POR
(NAME)
(NAME)
/,7
(DATE)
CORPORATE
SEAL
NOTARY
SEAL
(DATE)
(DATE)
�OT VILLLAGE ENGINEER: CERTIFICATION
All work required for this development has been inspected and found to
mpleted in a satisfactory manner. All documentation for acceptance has been
tted and found to be acceptable.
(DATE)
APPROVAL AND ACCEPTANCE OF GOVERNING AUTHORITY
ITLE
The VILLAGE OF ELK GROVE VILLAGE does hereby approve and accept for
maintenance and operation the above described improvement. It is understood that
the guarantee period of 24 months shall commence as of the date of Village Board
acceptance.
It is also understood that this approval and acceptance covers only the
specific work indicated above and is subject to a final punch list being made
concerning adjustment, alignment and necessary repairs of all structures, boxes,
h.udrants, act. Acceptance of maintenance by the Village does not relieve the
developer from the responsibility of keeping all dirt and debris due to cons-
truction operations out of both storm and sanitary sewer systems. Final accept-
ance of the subdivision or other general development is conditional upon com-
pleting all indicated items on the final punch list. It is the responsibility
If the owner or developer to request the final punch list to be made. No re-
iund of maintenance escrow monies will be made until all items in the final
punch list have been corrected.
d VILLAGE OF ELK GROVE VILLAGE
BY: ak&�; �-4c
(DATE)