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RESOLUTION NO. 21-82 <br />A RESOLUTION RELEASING TWO MAINTENANCE BONDS FROM SAFECO INSURANCE <br />COMPANY COVERING THE PUBLIC IMPROVEMENTS COMPLETED IN WINSTON GROVE <br />SECTIONS 22 NORTH AND 22 SOUTH AND ACCEPTING A PERFORMANCE BOND IN <br />THE AMOUNT OF $10,000 FROM SAFECO INSURANCE COMPANY TO GUARANTEE <br />THE COMPLETION OF THE POND AND REPLACEMENT OF TEN PARKWAY TREES IN <br />SECTION 22 SOUTH <br />NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees <br />of the Village of Elk Grove Village, Counties of Cook and DuPage, State of <br />Illinois: <br />Section 1: That the President and Board of Trustees do hereby authorize <br />the release of Maintenance Bond No. 2965792 from Safeco Insurance Company <br />previously accepted by Resolution No. 2-80 and Maintenance Bond No. 2965793 <br />from Safeco Insurance Company previously accepted by Resolution No. 4-80 <br />guaranteeing all public improvements in Winston Grove Sections 22 North and <br />22 South for a two year period. 'Punch lists have been prepared and all <br />necessary corrections have been made. <br />Section 2: That the President and Board of Trustees do hereby authorize <br />acceptance of Subdivision Bond No. 4383098 from Safeco Insurance Company in <br />the amount of $10,000.00 guaranteeing replacement of ten parkway trees and <br />restoration of the storm sewer, underdrain system in Lot 71, Block 7, all <br />as located in Winston Grove Section 22 South. <br />Section 3: That this Resolution shall be in full force and effect from <br />and after its passage and approval according to law. <br />PASSED <br />this <br />13th <br />day <br />of <br />April <br />, <br />1982. <br />APPROVED <br />this <br />13th <br />day <br />of <br />April <br />, <br />1982. <br />GYii#111Ei <br />Fav M. Bishop <br />Village Clerk <br />Charles J. Zettek <br />Village President <br />