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HomeMy WebLinkAboutRESOLUTION - 2-82 - 1/12/1982 - LOC/TRITON II/BILL OF SALE/PUB IMPROVERESOLUTION NO. 2-82 A RESOLUTION ACCEPTING A BILL OF SALE AND DEED OF CONVEYANCE, AND A LETTER OF CREDIT FROM THE BANK OF WAUKEGAN IN THE AMMOUNT OF $ 14,200.00 GUARANTEEING THE MAINTENANCE UNTIL MAY 1, 1984 OF ALL PUBLIC IMPROVEMENTS IN THE TRITON II INDUSTRIAL PARK WHEREAS, the Developer Esper A. Petersen/United States Development Corporation has submitted a Bill of Sale and Deed of Conveyance, and a Letter of Credit in the amount of $14,200.00 expiring May 1, 1984 to cover interim maintenance of all completed public improvements 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 all public improvements as required by the Village, has made full payment of fees, and has submitted required As -Built -Drawings and Engineering Plans. NOW THEREFORE BE IT RESOLVED bu the President and Board of Trustees of the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois: Section 1. That the President and Board of Trustees do hereby accept a Bill of Sale and Deed of Conveyance for all public improvements and a Letter of Credit guaranteeing the maintenance of said public improvements as shown on engineering plans prepared by Seeton Engineering Company and identified as Triton II Industrial Park - Project 79-037, Sheets 1 through 6, dated April 25, 1980. 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. Charles J. Zettek ATTEST: Village President Fay M. Bishop Village Clerk BANKof WAUKEGAN 1601 North Lewis Avenue Waukegan, Minois 60083 Telephone 312-244-6000 Member FDIC December 1, 1981 No. 338 Village of Elk Grove 901 Wellington Street Elk Grove Village, Illinois 60007 Re: Triton II Industrial Park Amount: $14,200.00 Dated: December 1, 1981 Expiration: May 1, 1984 Gentlemen: We hereby open an Irrevocable Letter of Credit in your favor for the sum not to exceed FOURTEEN THOUSAND TWO HUNDRED AND 00/100 ($14,200.00) DOLLARS, to cover interim maintenance of all completed public improvements, for the account of Esper A. Petersen/United States Development Corporation, 1300 Skokie Highway, Gurnee, Illinois, available by your drafts at sight drawn on us in the name of the Village of Elk Grove, an Illi- nois Municipal Corporation, Elk Grove, Illinois. All drafts must be marked "Drawn Under Bank of Waukegan Letter of Credit dated December 1, 1981". Further, each draft must be accompanied by a certified state- ment from the Village Manager, Village of Elk Grove that Esper A. Petersen/United States Development Corporation have failed to maintain all public improvements in the Triton II Industrial Park as shown on proposed plan entitled "Proposed Improvements for Triton II Industrial Park" engineered by Seton Engineering Company, 560 Green Bay Road, Winnetka, Illi- nois Job No. 79-307, approved by Elk Grove Village on May 5, 1980. We hereby certify to the Village of Elk Grove that drafts drawn under the terms of the letter of credit shall be duly honored upon presentation and surrender of the documents to the drawee as above specified. This letter of credit must accompany any draft which exhaust the letter of credit and must be surrendered concurrently with the presentation of Village of Elk Grove Letter of Credit No. 338 December 1, 1981 Page 2 such draft. This letter of credit expires May 1, 1984, and is not renewable. Except so far as otherwise expressly stated, this documentary credit is subject to the "Uniform Customs and Practice for Documentary Credits" (1974 Revision) International Chamber of Commerce Publication 290. Very truly yours, BAN:md Bradley A. Nickerson Vice President LL —OF —SALE —AND —DEED —o. —CONVEYnitt -------------—------------ THIS INDENTURE WITNESSETH THAT UNITED STATES DEVELOPMENT CORPORATION, an Illinois Corporation, authorized to do busines in the State of Illinois, (the 'Company'), for and in consideration of the sum of Ten OL.Iars ($10.00) and other goad and valuable consideration in hand paid, the receipt and sufficiency of which are hereby acknowledged, does hereby TRANSFER, SET OVER AND CONVEY unto the VILLAGE OF ELK GROVE VILLAGE, Cook and DuPage Counties, Illinois a municipal corporation, (the 'Village'), the following: Curbs, Pavement and Sidewalks Mater, sanitary and storm mains and drains and incidental equipment as described on those certain engineering plans prepared by Seeton Engineering Company and identified as Triton II Industrial Park — Project 79-037, Sheets 1 through 6, dated April 25, 1980, otherwise described as the improvements lying in TRITON II FIRST RESUBDIVISION, a resubdivision of Lots 1 through 17 both inclusive in Triton II, being a subdivision in the West half of Section 27, Township 41 North, Range 11, East of the Third Principal Meridian in Cook County, Illinois, in Elk Grove Village, Illinois, which plans are incorporated by reference and made a part hereof. TO HAVE AND TO HOLD all of the 4.rovements hereby conveyed unto the Village, to and for its own use forever. AND the Company does hereby warrant to the Village that it is the lawful owner of and has good marketable title to th.improvements; that the save are free from all encumbrances; that the Company has the right to sell the same; and that it will defend and hold harmless the Village against the lawful claims and demands of all persons with respect to the title hereby conveyed. IN WITNESS WHEREOF, the Company has caused this instrument to be signed and delivered to ;r,1.,a day of �„uy,,,,4,,, 1981. AT Patricia Keller, Secretary STATE OF ILLINOIS COUNTY OF LAKE UNITED STATES DEVELOPMENT CORPORATION Espery. Pitersen, President I, the undersigned, a notary public in and for the county and state aforesaid, DO HEREBY CERITIFY that Esper A. Petersen, personally known tome to be the President of United States Development Corporation and Patricia Keller, personally known to we to be the Secretary of United States Development Corporation, and personally known to me to be the same persons whose names are subscribed to the foregoing instrument, appeared before at this day in person and severally acknowledged that as such President and Secretary of said corporation, they signed and delivered the said instrument as President and Secretary of said corporation, and caused the corporate seal of said corporation to be affixed thereto, pursuant to authority given by the Board of Directors of said corporation as their free and voluntary act, and as the free and voluntary act and deed of said corporation, for uses and purposes therein set forth. Given under ■y hand and notarial seal this Jtr,,,a day of A-4tt1 ," ,1981. My commission expires: 9 -,;?443 January 5, 1982 TO: Charles A. Willis, Village Manager FROM: p�rCt Thomas J. Ce ch 2llage Engineer SUBJECT: TRITON II INDUSTRIAL PARK - BONNIE LANE ACCEPTANCE OF PUBLIC IMPROVEMENTS FF10e I certify that all improvements required to be constructed or installed in or upon the public right of way in connection with this development have been fully completed and the construction or install- ation thereof has been approved and said improvements meet the design and operating standards and requirements of the Village. In conjunction with this acceptance request is a Bill of SaZe/Deed of Conveyance and an irrevocable Letter of Credit in the amount of $14,200 guaranteeing maintenance for two (2) years which was submitted and is attached. Also attached is an irrevocable Letter of Credit in the amount of $3,300 guaranteeing the placement of sidewalk along a presently undeveloped lot by December 1, 1982. As -built plans have been submitted and are on file in the Engineering Department. I recommend acceptance of the public improvements in this development. TJC:pp Attachment 2 ;Er'