HomeMy WebLinkAboutRESOLUTION - 10-79 - 3/13/1979 - LETTER OF GUARANTEE/SHENANDOAH SUBRESOLUTION NO. 10-79
A RESOLUTION ACCEPTING A LETTER OF GUARANTEE FROM NORTHWEST
FEDERAL SAVINGS GUARANTEEING THE CONSTRUCTION OF PUBLIC
IMPROVEMENTS IN PHASE I OF THE SHENANDOAH SUBDIVISION
LOCATED EAST OF SECTION 22 SOUTH AND WEST OF SECTION 18
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees
of the Village of Elk Grove Village, Counties of Cook and Du Page,
Illinois:
Section 1: That the President and Board of Trustees do hereby
authorize the acceptance of a Letter of Guarantee from Northwest Federal
Savings in the amount of $546,370.10, guaranteeing the construction of all
public improvements in Phase I of the Shenandoah Subdivision located east
of Section 22 South and West of Section 18. Said Letter of Guarantee shall
be effective through March 31, 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 13th day of March , 1979.
APPROVED this 13th day of March , 1979•
Charles J. Zettek
Village President
ATTEST:
Ilafern Snick
Acting Deputy Village Clerk