HomeMy WebLinkAboutRESOLUTION - 27-84 - 5/8/1984 - ACCEPT CONTINUATION CERTIFICATERESOLUTION NO. 27-84
A RESOLUTION ACCEPTING A CONTINUATION CERTIFICATE FOR INTERIM
MAINTENANCE BOND NO. 4387000 FROM SAFECO INSURANCE COMPANY, IN
THE AMOUNT OF $79,000.00 FILED WITH THE VILLAGE BY CENTEX HOMES
MIDWEST, INC. TO GUARANTEE MAINTENANCE OF EXISTING IMPROVEMENTS
ALONG OTHER STREETS IN SECTION 23A EXCEPT FRANKLIN LANE AND
UNION CIRCLE (WINSTON GROVE)
WHEREAS, the Developer has submitted a continuation certificate for
an Interim Maintenance Bond in the amount of $79,000.00 expiring on April 6,
1985 (this bond shall be renewed annually until released) to the Village of
Elk Grove Village as required by the Subdivision Control Ordinance;
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees
of the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois;
SECTION 1. That the Village of Elk Grove Village does hereby accept
the continuation certificate for Interim Maintenance Bond No. 4387000 for
public improvements along streets in Section 23A (except Franklin Lane and
Union Circle) as shown on plans prepared by Henderson and Bodwell, Consult-
ing Engineers and identified as Plan Number 48-001 to 48-026 dated December
16, 1977, otherwise described as the improvements lying in Winston Grove
Section 23A.
SECTION 2. That this Resolution shall be in full force and effect
from and after its passage and approval according to law.
PASSED this 8th day of May , 1984.
APPROVED this 8th day of May , 1984.
Charles J. Zettek
Village President
ATTEST:
Patricia S. Smith
Village Clerk
IN
CONTINUATION CERTIFICATE
SAFECO INSURANCE COMPANY OF AMERICA
GENERAL INSURANCE COMPANY OF AMERICA
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 FOMES MI94LSC, I11C.
(PRINCIPAL)
and in favor of VILLAGE OF ELF GROVE, ILLINOIS
(OBLIGEE)
does hereby continue said bond in force for the further period
beginning on 4/6/84
(MONTH -DAY -YEAR)
and ending on 4/6/£5
(MONTH -DAY -YEAR)
Amount of bond SEVENTY--NDTE THOUSAND ARID NO/100 -------------- Dollars (S 79, 000.00 )
Description of Bond: subdivision improvements (except those wit -lain Franklin and
Union Circle)
Premium: S* 134.00
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 Suretv's aggregate liability under said bund and this and all such Continua-
tion Certificates on account of all defaults committed during the period (regardless of the number of years) said bund has
been and shall be in force, shall not in any event exceed the amount of said bond as hereinbefore set forth. `E COMp,�A.
Sided and dated on 4/6/£44►p0.POR4r��O
(MONTH - DAY - YEAR .- cg'
SEAL
SAFECO INSURANCE COM' NY :FAMERICA
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fl�1953
OF WASH\N6��P
SUSA - PREL`A Attorney -in -Fact
S-1225 R3 8/81 RRINTEO IN U.S.A,
CONTINUATION CERTIFICATE SAFECO INSURANCE COMPANY OF AMERICA
GENERAL INSURANCE COMPANY OF AMERICA
FIRST NATIONAL INSURANCE COMPANY
SAFECO 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 in favor of Village of Elk Grove, Illinois
(OBLI(;EE)
does hereby continue said bond in force for the further period
beginning on 4/6/83
(MONTH -DAY -YEAR)
and ending on 4/6/84
(MONTH -DAY -YEAR)
Amount of bond Seventy Nine Thousand and No/100-----------Dollars,(S 79,000.00---�
Description of Bond: subdivision improvements (except those within Franklin Lane and
, Union Circle)
Premium: $ 134.00
PROVIDED: That this continuation certificate does not create a new obligation and is executed upon the express condi-
tion and provision that the Suretv's liability under said bond and this and all ContinlW40n Ceruhcates Issued in connection
therewith shall not be cumulative and that said Surety's aggregate liability under said bond and this and all such Continua-
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 3/16/83 !LSE
(MON-rH - DAY - YEAR)SAFECO INSURANCE COMPANY OF AMERICA vi��%�2iG
By r " ., .CC of SOF Woe'
.(Julia Conant Attorney -in -Fact
5-1 ??5 R3 8/81