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HomeMy WebLinkAboutRESOLUTION - 36-75 - 5/6/1975 - PERFORMANCE BOND/SLAUF NOVAKRESOLUTION NO. 36-75 A RESOLUTION ACCEPTING AND PLACING ON FILE A PERFORMANCE BOND FROM NATIONAL INDEMNITY COMPANY GPN31060 IN THE AMOUNT OF $19,000 FILED WITH THE VILLAGE BY HARDIMAN & O'TOOL BUILDERS AND GUARAN- TEEING THE CONSTRUCTION OF PUBLIC IMPROVEMENTS IN SLAUF-NOVAK SUB- DIVISION AND MOLLY -ANN RESUBDIVISION 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 President and Board of Trustees do hereby authorize the acceptance and placing on file of Performance Bond GPN31060 in the amount of $19,000.00 from National Indemnity Company to guarantee the construction of storm sewers, water mains, public sidewalks, and parkway trees, in the Slauf-Novak Subdivision and Molly -Ann Resubdivision according to Drawing numbers 73-27 and 72-37, sheets 1-5 and S -S -W-1, dated January 6, 1975 as prepared by Fletcher Engineering Company, 450 Lee Street, Des Plaines, Illinois. Section 2: That this resolution shall be in full force and effect from and after its passage and approval according to law. PASSED this 6th day of May 1975. APPROVED this 6th day of May 1975. ATTEST: Village,Clerk