HomeMy WebLinkAboutRESOLUTION - 1-82 - 1/12/1982 - LOC/REGENCY SQUARERESOLUTION NO. 1-82
A RESOLUTION ACCEPTING A BILL OF SALE, LETTER OF CREDIT NO. 6625
FROM THE LA SALLE NATIONAL BANK OF CHICAGO AND ACCEPTING FOR
PERMANENT OWNERSHIP THE SIDEWALKS AND PARKWAY TREES IN REGENCY
SQUARE PHASE 2a AND 2b AS SHOWN ON ENGINEERING PLANS OF R.B. NEUKRANS
& ASSOCIATES, PROJECT NO. 8369 DATED 1971 AND ENGINEERING PLANS OF
COWEY ASSOCIATES . PLAN NO. 155 DATED 1978
WHEREAS, the developer Regency Associates II, an Illinois limited
partnership, Ben Rozansky and Robert Brodley (the sellers) have submitted a
Bill of Sale and Letter of Credit in lieu of a Maintenance Bond in the amount
of$3,750.00 expiring October 30, 1983 to the Village of Elk Grove Village
as required by the Subdivision Control Ordinance and has fully complied with
all provisions of any and all ordinances appertaining and;
WHEREAS, the developer has completed sidewalk improvements and parkway
trees 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 DuPage, State of Illinois:
Section 1. That the Village President and Board of Trustees do hereby
accept a Bill of Sale accepting for permanent ownership the sidewalks and
parkway trees at the Regency Square Development(Phase 2a and 2b only) and
shown on R. B. Neukranz & Associates, project No. 8369m dated July 1971 and
the engineering plans prepared by Cowey Associates, plan No. 155 dated December
12, 1978, and a Letter of Credit from LaSalle National Bank No. 6625, in the
amount of $3,750.00, guaranteeing said improvements to October 30, 1983, all
as attached hereto and made a part hereof as if fully set forth.
Section 2. That this resolution shall be in full force and effect -from
and after its passage and approval according to law.
PASSED this 12th day of January 1982.
APPROVED this 12th day of January 1982,
ATTEST:
Fay M. Bishol
Village Clerk
Charles J. Zettek
Ilage President
BILL OF SALE
THIS INDENTURE WITNESSETH: That Regency Associates II,
an Illinois limited partnership, Ben Rozansky and Robert
Brodley (the Sellers) in consideration of the sum of TEN
Dollars and other consideration, bargain, sell and transfer
and deliver unto the VILLAGE OF ELK GROVE, a municipal corp-
oration (the Village) the following:
The sidewalk improvements and trees listed and
located on the engineering plans of R. B Neukranz &
Associates, project # 8369, dated July 1971 and the engineering
plans prepared by Cowey Associates, plan # 155 dated 12/26/78
entitled Regency Square [Phase 2a and 2b only] which plans are
incorporated by reference and made a part hereof and in place
all as pertaining to Phase II.
TO HAVE AND TO HOLD all of the property hereby granted,
bargained, sold, transferred, set over and conveyed unto the
Village.
AND the Sellers hereby covenant with the Village that
they are the lawful owner of and have good and marketable title
to said properties: that the Sellers have the right to
sell the same as aforesaid; that they will warrant and defend
said property against the lawful claims and demands of all
persons.
IN WITNESS WHEREOF, said Sellers
instrument to be signed by its General
30th day of October, 1981.
By:
Ben Rozansk
A General Partner
By:
Robert Brodley
A General Partner
have caused this
Partners, all of this
REGENCY ASSOCIATES II,
an Illinois Limited
Partnership
LaSalle National Bank
135 S. LaSalle Street Chicago, In. 60690
TELEX: 253879 PHONE: (312) 4432000
CABLE ADDRESS: LANAT
This credit ie forwarded to
the advising bank by airmail.
Advising Bank
Beneficiary
IRREVOCABLE DOCUMENT'"
LETTER OF CREDIT
DATE December 8. 1981
This confirms our cable to the advising bank Whose notification of such advice must be attached
hereto. The two jointly constituting evidence of the outstanding amount of the credit.
Village of Elk Grove i
901 Wellington Avenue
Elk Grove Village, Illinois 60007
Applicant
Robert D. Brodley
1750 N. Wells Street
Chicago, Illinois 60614
Amount
U.S. $3,750.00 (Three Thousand Seven
Hundred Fifty and 00/100 U.S. Dollars)
EXPIRY DATE October 30, 1983 At Our Head Office
IN THE COUNTRY OF THE BENEFICIARY UNLESS OTHERWISE INDICATED.
We hereby Issue this Documentary Letter of Credit In your I the beneficiary', ) favor which Is available against your draft(s)
at ______________________ eight drawn on LaSalle National Bank, Chicago, Illinois, bearing the clause:
"Drawn under LaSalle National Bank Credit No. . 6625"
Accompanied by the following documents.
The following statement in duplicate signed by The Village Manager,
Village of Elk Grove.
"The undersigned certify that the attached draft represents
amount (s) due and payable to The Village of Elk Grove due
to the failure of Ben Rozansky and Robert Brodley as
general partners of Regency Square II to maintain the
sidewalks and trees all as previously completed pursuant
to engineering plans prepared by Cowey Associates as
Plan No. 155 dated December 26, 1978, entitled Regency
Square (Phase 2a & 2b only) and the engineering plans
prepared by R. B. Neukranz & Associates, Project 8369
dated July 1971 for Phase II, Regency Square."
It is hereby agreed by all parties hereto that the reference to any engineering
plans mentioned above is for identification purposes only and such reference
shall not be construed in any manner to require LaSalle National Bank to
inquire into its terms and conditions.
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All negotiation charges are for your account. We suggest negotiating bank forward us all documents in one mailing.
WE UNDERTAKE THAT DRAFTS DRAWN AND PRESENTED IN CONFORMITY
WITH THE TERMS OF THIS CREDIT WILL BE DULY HONOURED.
INSTRUCTIONS TO THE NEGOTIATING BANK
The amount of each drawing must be endorsed on the reverse hereof.
Drafts accompanied by a certificate from the negotiating bank that all
terms and conditions of this credit have been complied with, are to be
forwarded to the drawee bank.
INSTRUCTIONS TO THE ADVISING BANK
Please complete and forward to be nef clary the attached original advice
without adding Your, confirmation.
AUT ISFD ATURE
Form 302
ADVISING BANK'S NOTIFICATION
ACE, DATE. NAME AND SIGNATURE OF ADVISING BANK