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RESOLUTION NO. 34-93 <br />A RESOLUTION RELEASING IRREVOCABLE LETTER OF CREDIT <br />NO. 59075 FROM NBD ELK GROVE BANK EXPIRING NOVEMBER <br />10, 1990 IN THE AMOUNT OF $14,620.00 PREVIOUSLY <br />ACCEPTED BY RES. NO.73-89 TO GUARANTEE COMPLETION <br />OF PUBLIC IMPROVEMENTS (LANDSCAPING) FOR STANLEY STREET <br />SUBDIVISION (LOTS 1 THROUGH 9 (OF LOT 1) & LOT 2) <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 <br />authorize the release of Irrevocable Letter of Credit No. 59075 from NBD <br />Elk Grove Bank, in the amount of $14,620.00 previously accepted by <br />Resolution No. 73-89 to guarantee completion of public improvements <br />(Landscaping) for Edital Corporation in accordance with the approved plans <br />and specifications prepared by Terry Findlay & Associates dated February 1, <br />1988. Said Letter of Credit expiring November 10, 1990. <br />Section 2: That this Resolution shall be in full force and effect <br />from and after its passage and approval according to law. <br />ATTEST: <br />PASSED this <br />APPROVED this <br />8th day of June , 1993. <br />8th day of <br />Patricia S. Smith <br />Village Clerk <br />June <br />, 1993. <br />Dennis J. Gallitano <br />Village President <br />