HomeMy WebLinkAboutRESOLUTION - 21-87 - 3/24/1987 - LOC AMENDMENT 3/STAPES SUBRESOLUTION N0. 21-87
A RESOLUTION ACCEPTING AMENDMENT NO. 3 TO LETTER OF CREDIT
NO. SPL 27379 (ORIGINALLY ADOPTED BY RESOLUTION NO. 26-86)
EXTENDING EXPIRATION DATE TO SEPTEMBER 7, 1987 FROM HARRIS
BANK (TERRESTRIS DEVELOPMENT CORP.) FOR PROPERTY COMMONLY
KNOWN AS STAPE'S SUBDIVISION PHASE I (WINDEMERE)
NOW, THEREFORE, BE IT RESOLVED by the President and Board of
Trustees of the Village of Elk Grove Village, Counties of Cook and
OuPage, State of Illinois:
Section is That the President and Board of Trustees do hereby
authorize the acceptance of Amendment No. 3 to Letter of Credit No. SPL
27379 ($295,849.85) to guarantee completion of public improvements for
property commonly known as Stape's Subdivision Phase I (Windemere
Subdivision) by extending the expiration date to September 7, 1987.
(Amendment No. 1 & 2 were not adopted by Resolution.) .
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 March , 1987.
APPROVED this 24th day of March , 1987.
Charles J. Zettek
Village President
ATTEST:
Patricia S. Smith
Village Clerk
rINTERNATIONAL OPERATIONS DIVISION �~� HARRIS
O. Box 755 V
icago, Ininob 60690 BAN ^
OUR L/C NUMBER. SPL27379
BENEFICIARY:
ELK GROVE VILLAGE
901 WELLINGTON
ELK GROVE
ILLINOIS 60007
THIS IS THE ORIGINAL AMENDMENT.
Cable Address: HARRISBANK
Telex: 25-3417 IHARISINT CGOI
Swift Address: HATRUS44
FEBRUARY 18, 1987
PAGE 1
AMENDMENT AMOUNT:
USD 0
APPLICANT:
ELK GROVE VILLAGE VENTURE
BY: FIRST SAVINGS CORPORATION,
PARTNER
P.O. BOX 4444
CHICAGO
ILLINOIS 60680
THIS IS AMENDMENT NO. 3
WE HAVE AMENDED THE TERMS OF OUR LETTER OF CREDIT NO. SPL27379
AS FOLLOWS:
THE EXPIRY DATE HAS BEEN EXTENDED TO SEPTEMBER 07r 1987
ALL OTHER TERMS AND CONDITIONS OF THIS LETTER OF CREDIT REMAIN
UNCHANGED.
HARRIS TRUST AND SAVINGS BANK
I '
AUTHORIZED SIGNATURE