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RESOLUTION NO. 12-91 <br />A RESOLUTION RELEASING IRREVOCABLE LETTER OF CREDIT <br />NO. 200 FROM CHARTER BANK AND TRUST OF ILLINOIS IN THE <br />AMOUNT OF $21,175.00 EXPIRING MARCH 23, 1990 ACCEPTED BY <br />RESOLUTION NO. 42-89 TO GUARANTEE COMPLETION OF PUBLIC <br />IMPROVEMENTS AT HAMILTON MANOR APARTMENTS (Charlela Lane) <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 Du Page, 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. 200 from Charter <br />Bank and Trust of Illinois in the amount of $21,175.00 previously accepted <br />by Resolution No. 42-89 to guarantee completion of Public Sidewalks along <br />Charlela Lane at Hamilton Manor Apartments in accordance with the <br />Engineering plans and specifications with revisions dated March 2, 1989, <br />prepared by Thomas F. Bleck Associates approved on March 2, 1989. Said <br />Letter of credit expiring March 23, 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 />PASSED <br />this <br />12th <br />day <br />of <br />March <br />1991. <br />APPROVED <br />this <br />12th <br />day <br />of <br />March <br />1991. <br />Charles J. Zettek <br />Village President <br />ATTEST: <br />Patricia S. Smith <br />Village Clerk <br />