HomeMy WebLinkAboutRESOLUTION - 28-86 - 3/25/1986 - RELEASE 2 MAINT. BONDS/1 PERFORM BONDRESOLUTION NO. 28-86
A RESOLUTION REPEALING RESOLUTION NO. 16-86 AND RELEASING
TWO MAINTENANCE BONDS AND ONE PERFORMANCE BOND FROM SAFECO
INSURANCE COMPANY GUARANTEEING WORK TO BE PERFORMED BY
CENTEX HOMES IN SECTION 23A AND SECTION 24
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 release of Maintenance Bond No. 4387000 in the amount of $102,700 pre-
viously accepted by Resolution No. 34-85; and No. 4387001 in the amount
of $15,000 previously accepted by Resolution No. 54-82 (within Franklin
Lane and Union Circle); and Performance Bond No. 2985315 in the amount
of $182,238 previously accepted by Resolution No. 42-80, from Safeco
Insurance Company guaranteeing work performed by Centex Homes in Section
23A and Section 24.
Section 2: That this Resolution shall be in full force and effect
from and after its passage and approval according to law.
PASSED this 25th
APPROVED this 25th
ATTEST:
Patricia S. Smith
Village Clerk
day of
March , 1986.
day of March , 1986.
Charles J. Zettek
Village President
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SAFECO
C"ONTINUATION CERTIFICATE
SAFECOINZ> URANCE COMPANY OF AMERI!
GENERAL INSURANCE COMPANY OF AME°
FIRST NATIONAL INSURANCE COMPANY
OF AMERICA
HOME OFFICE. SAFECO PLAZA
SEATTLE, WASHINGTON 98185
SAFECO INSURANCE COMPANY OF AMERICA. Seattle. Washington. Surety upon
a certain Bond No.
4387000
dated effective 4/6/82
(MONTH DAY -YEAR)
on behalf of CENTEX HOMES MIDWEST, INC.
and to favor of VILLAGE OF ELK GROVE, ILLINOIS
(OBLIGEE)
does hereby continue said bond in force for the further period
�';uNdtc'ii'G -t°'.
beginning on 4/6/85
(MONTH -DAY -YEAR)
and ending on 4/6/86
(MONTH -DAY -YEAR)
00
Amount of bond ONE HUNDRED TWO THOUSAND SEVEN HUNDRED 6 No/1 Dollars. (S 102, 700. 00
Description of Bond: Subdivision improvements (except those within Franklin and
Union Circle)
Premium: S 175.00
PROVIDED: That this continuation certificate does not create a new obligation and is executed upon the express condi-
tion and provision that the Surety's liability under said bond and this and all Continuation Certificates issued in connection
therewith shall not be cumulative and that said Surety's aggregate liability under said bond and this and all such Cuntinua-
tion Certificates on account of all defaults committed during the period (regardless of the number of years) said bond has
been and shall be in force, shall not in any event exceed the amount of said bond as hereinbefore set forth.
Signed and dated on April 6, 1985
(MONTH -DAY -YEAR)
SAFECO INSURANCE C I ANY O MERICA
1
SUS4N.h. PREIKSA Attorney -in -Fact
/+S�Rc�aPoagTe�o��
W y
SEAL
H a
�l4rF F WASH'N�i0/
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SAFECO INSURANCE COMPANIES
SAFECC NSURANCE COMPANY OF AMERICA
GENERAL INSURANCE COMPANY OF AMERICA
PiPST NATIONAL INSURANCE COMPANY OF AMERICA
-C%IE DF --CE .347 SPCC.L'�N A<E N E .E.*,._E IASHI�GTCN MIM - Bond No. _11,37001
MAINTENANCE BOND
K- OWALL I[E.%'3YTHESE PRESE.\'TS.That we. Centex ::ones '•ticitoest, inc.
as Pnncipai. Ind SAFECO INSUR.aVCE COMPANY OF AMERICA. a corporacon or_anlzee .:n r. _ _
it'st_svnztnn anal dui% autnonzed to do business In the Stare of T11i.^.pis
.is Sureiv. are held and tirmly bound unto 'tie Village of Elk ^rove, Illinois
as Obligee, m the penal sum of—£ifte-en 'n—ausand and no/100 Dollars------------
to which payment well and truly to be made we do bind ourselves
successors and assigns jointly and ieverally, firmly by these presents.
a'HEREAS. the said Principal entered into a Contract with the
Allacre of _1k hove, illi-ois
for
IS 15, 700.0-------,
our and each of our heirs. executors. _dmmu air
SL=divisian i^, =Aamnts taithi.n the streets
M`mn as Franklin Lane and Union Circle.
dated
April 11, 1978
WHEREAS. said Contract provides that the Principal will furnish a bond conditioned to guarantee Dol Ie p.rlou
2 (t;O) yeansl after approval of the final estimate on said job. by the owner. against all defects Inaortimamnln nu
materials which may become apparent during said period. and
WHEREAS. said Contract has been completed, and was approved on
da.% of 19
NOW. THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, That. It the Princ:oal ,n..Il Indenln,r.
Obligee for all loss that the Obligee may sustain by reason of any defective materials or workmalunlr„nl�h be.,Inle
apparent during the period of 2 yeah sl from and after Anril 5 , 1981
then this oblictton shall be void, otherwise to remain in full force and effect.
Signed, sealed and dated this 29th day of =�-'z , t9 92 .
Ceritex !?orrs :Lidwest, Inc.
$ria l
SAFECO INSURANCE CO\IP4N1' PIt NIERIC
. i
A� SAFECO INSURANCE COMP41.1ES
e.'. e EC1l... NC' _ • l{ axf eiCa
:E Vfee� vSU eenilCulex•: axE+Ca
:elt Yeti o.V el �a .{e,KE CCMeexr : au{eiC1
!CiOW ALL YEN BY :'HESE PP.ESENTS, '.lac ce r..,... ...... ,.dart
of 987 East !ttlmatts Road. Bld.. a. Palettes, EL 60061 as
and STFECO INSL'RS:CE C0:1PA2%Y OF AMERICA, A 'Washington as ncrac:an,
office and place cf business 1n Sfrtie C!tv o at !a, '..ashanecdn, as Sv rer: ar- ,.-__ a._
firmly bound unto Village of Elk C=Va. f13ei!{oris
' in the sum of one .mnorsn 21v F.[v rvd c.^.ou ar:c.
Cwt hundred Chir"-etrht and nOAOO --
(S 192.238.00 ) DOLLARS, for which payment wei. and:. a'_v _. a -a_a, -_e
Ouraelvea, aur hairs, eaacutora, administrators. successors, no assizes, joint_':
arally, firmly by chose oressn".
SEALED with our seals and dated this t8th fa• f "ten
A.D. lg an
WRERF,AS, the above bounden Principal has been or is about to be grancei aocro ,
plat of subdivision ''mew as Bmsetom Farms Town 1:omes, section :a
said approval being conditioned upon the installation of curb 5 -fitter. xcreec -cs
and .crest trees street Davina and concrete sidewai.<.
in said suodivislon. in accordance with pians and soec,.ficatlons oreoarec v.
fib nae nA I'M r`S�_o4c
Plainview, New York 11803
NOW THEREFORE THE CONDITION OF THIS OBLIGATION IS such, :hoc tf tie aoove :ouccer.
shall wall and truly and in good, sufficient and v.rxnanlika anner :er-on
performed the installation of s"d improvements, clan -his .oiigac wn a .o ..,-c.-.e..
to remain in full force and affacc.
CFITE:C 'ln"EF "rnULFT, !::C.
41L,
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SAFECO :SSI'G::CE - ?.ANY 9
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