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RESOLUTION NO. 36-91 <br />A RESOLUTION RELEASING LETTER OF CREDIT NO. 60003893 ACCEPTED BY <br />RES. NO. 54-88 AND ACCEPT CERTIFICATE OF APPROVAL AND INITIAL <br />ACCEPTANCE; DEED OF CONVEYANCE/RILL OF SALE; MAINTENANCE BOND IN <br />THE AMOUNT OF $10,000 EXPIRING JULY 9, 1993 GUARANTEEING MAINTENANCE <br />OF PUBLIC IMPROVEMENTS FOR PARK CHARDONNAY CONDOMINIUMS <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 Letter of Credit No. 60003893 accepted by <br />Resolution No. 54-88 in the amount of $98,500 guaranteeing the completion <br />and interim maintenance of public improvements. <br />Section 2: That the President and Board of Trustees do hereby accept <br />a Certificate of Approval and Initial Acceptance, Deed of Conveyance/Bill <br />of Sale, and Maintenance Bond No. 093076 in the amount of $10,000 expiring <br />July 9, 1993 guaranteeing the maintenance of public improvements as <br />described in the Engineering plans and specifications prepared by Henderson <br />and Bodwell for Park Chardonnay Condominiums located at Biesterfield and <br />Leicester Roads, Elk Grove Village. <br />Section 3: That this Resolution shall be in full force and effect <br />from and after its passage and approval according to law. <br />PASSED this 9th <br />APPROVED this 9th <br />ATTEST: <br />Patricia S. Smith <br />Village Clerk <br />day of July , 1991. <br />day of July , 1991. <br />Charles J. Zettek <br />Village President <br />