HomeMy WebLinkAboutRESOLUTION - 90-73 - 8/14/1973 - PERFORMANCE BOND/EGV SECTION 20 RESOLUTION N0, 90-73
A RESOLUTION OF ACCEPTANCE OF PERFORMANCE BOND NO. 225331 IN THE AMOUNT
OF $477,700.00 RELATING TO PUBLIC IMPROVEMENTS IN ELK GROVE VILLAGE
SECTION 20
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 auth-
orize acceptance of Performance Bond No. 2056235 in the amount of $477,700.00
from Safeco Insurance Company to guarantee the construction of public
improvements streets, sanitary, water main, storm water system and retention
pond, sidewalks, street lights, street name signs and parkway trees in Elk
Grove Village Section 20, Winston Grove Subdivision located west of Route
53 in Elk Grove Village, Illinois, which improvements are fully described
as Plan No. 45-20 dated August 8, 1973 and prepared by Elk Grove Engineer-
ing Company, 33 Park & Shop Lane, Elk Grove Village, 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 14th day of August , 1973.
APPROVED this 14th day of Au ust , 1973.
illage Pr ide
ATTEST:
pillage Clerk
�r
SAFECO INSURANCE COMPANIESHECEIVEL)
101373
SAFECO I NSU RANCE COMPANY OF AMERICA PUBLIC N'GFhS Lt
GENERAL INSURANCE COMPANY OF AMERICA FT.
FIRST NATIONAL INSURANCE COMPANY Of AMERICA
HOMEOFFICE 4347 BROOKLYN AVE NE SEAT ILE.WASHINGTON 931(1 Bond 2225331
SUBDIVISION PERFORMANCE AND PAYMENT BOND
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KNOW ALL MEN BY THESE PRESENTS, That we CENTEX HOMES CORPORATION
i of 800 E. Northwest Highway, Palatine, Illinois as Principal, and SAFECO
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j INSURANCE COMPANY OF AMERICA, a Washington corporation, having its principal i
office and place of business in the City of Seattle, Washington, as Surety are i
j held and firmly bound unto The Village of Elk Grove Village, Illinois in the
4 sum of Four Hundred Seventy-seven thousand seven hundred and no/100 ---------
----------------—---—-------
------------------------------------ ($477,700.00------------) DOLLARS, for which
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payment well and truly to be made, we bind ourselves, our heirs, executors,
administrators, successors, and assigns, jointly and severally, firmly by these
present..
SEALED with our seals and dated this 10th day of August A.D. 1973. !
WHEREAS, the above bounden Principal has been or is about to be granted !
approval for a plat of subdivision known as
Section 20 of Winston Grove Subdivision of Centex Homes Corporation `
copy of said plat is attached hereto and made a part hereof, said approval being
conditioned upon the installation of streets, sanitary, water main, storm water
system and retention pond, sidewalks, street lichts , street na-me signs_and park
-
wa_v trees in said subdivision, plans and specifications for which are attached
hereto and made a part hereof, and are described as plan number 45-20 dated
j August 8, 1973 and prepared by Elk Grove Engineering Company, 33 Park and Shop
Lane, Elk Grove, Illinois 60007.
NOW THEREFORE, THE CONDITION OF THE ABOVE OBLIGATION IS such, that if
the above bounden Principal shall well and truly and in good, sufficient and '
workmanlike manner perform or cause to be: performed the terms of said plats,
plans, and specifications, and each and every of covenants, promises, agreements
and provisions therein stipulated, then this obligation to be void; otherwise to
remain in full force and virtue.
CENTEX OMES CORPORATI0bl,�
BY i /1ILff11
PRINCIPAL
SAFECO INSURANCE COMPANY OF AMERICA
BY
David Crain, Attorney-in-Fact
saCti Oa 20
QuAyXicQ 41 VIS `3-14 -73 pt- 4190-73
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SAFECO INSURANCE COMPANY OF AMERICA
may/ GENERAL INSUR 'CE COMPANY OF AMERICA
' HOMF OFFICE 4:14/ iOOKLYN AVE. N.F., SEAf1LI., WASHh .ON 98105
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POWER OF ATTORNEY i
No. 5050
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KNOW ALL MEN BY THESE PRESENTS:
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That General Insurance Company of America and Safeco Insurance Company of America, each a Washington !
corporation,does each hereby appoint j
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--------------------------------DAVID CRAIN-----------------------------------_------ i
its true and lawful attorney(s)-in-fact, with full authority to execute on its behalf fidelity and surety bonds or undertakings
and other documents of a similar character issued in the course of its business, and to bind the respective company thereby.
IN WITNESS WHEREOF, General Insurance Company of America and Safeco Insurance Company of America have each
executed and attested these presents
this 16th day of October _, 19_72
. Cvi SECRETG/-�('GL/
WOSECRETARY XFV GONDONX SWCPNV.PNESiDENi�" I�
CERTIFICATE
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QPr inn 12,of the By-Laws of General Insurance Company of America
^-- "V of America:
STATE OF Illinois
ACKNOWLEDGMENT By SURETY
)
County of Cook } ss
On this _---_nth
appearedCraAu
---- day of gust
David
in -- 1973
SAFECO INSURANCE COMPANY before me personally
NATIONAL INSURANCE CO,MPANy �—°known to me to be the Attorne
F AMERICA, GENERAL INSURANCE C0�IPANY
OF AMERICA, the corporation that executed the within instrument,and Zack IRS ( I
edged W nre that such corporation executed the same. OF AMERICA or FIRST \
IN WITNESS WHEREOF, [ have hereunto set m i
the day and year in this certificate first above writtehand and S affixed my official seal,at In)'
Office in the aforesaid County,
(Seal) Notary Public in le Stale of Ill
5.230 R3 10/72 County Of Oi8
IN WITNESS WHEREOF, I have
Co E
My Commission Expires Sept. 30,V97? P
ucEo,...,., __
PRINTED IN U.S.A.
this 10th day of August
Q�pCE co J�NCE COfIPgy�,
G�RPORgT\p,,,
CORPORATE
W S EAI. SEAL —
m IV.D XAMMEPSLP SECRETARY
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t9z,3 as sl 1953 z*
OF WASMNG�
S-974 R3 4/72 PRINTED IN U.S.A.
au41 1113 8-14 -73 Q..oRO-73_
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