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RESOLUTION NO. 39-91 <br />A RESOLUTION RELEASING LETTER OF CREDIT NUMBER 90-20 ACCEPTED <br />BY RES. 62-90 AND ACCEPT CERTIFICATE OF APPROVAL AND INITIAL <br />ACCEPTANCE; DEED OF CONVEYANCE/BILL OF SALE; LETTER OF CREDIT <br />NUMBER 91-09 IN THE AMOUNT OF $24,000.00 EXPIRING AUGUST 15, 1993 <br />GUARANTEEING MAINTENANCE OF PUBLIC IMPROVEMENTS FOR MORGANFIELD <br />SUBDIVISION AND MORGANFIELD SUBDIVISION UNIT 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 Letter of Credit Number 90-20 accepted by <br />Resolution No. 62-90 in the amount of $34,155.60, and accept a Certificate <br />of Approval and Initial Acceptance, Deed of Conveyance/Bill of Sale, and <br />Irrevocable Letter of Credit Number 91-09 in the amount of $24,000.00 <br />expiring August 15, 1993 guaranteeing the maintenance of public <br />improvements as described in the Engineering Plans and Specifications_ with <br />revisions dated January 30, 1989, prepared by Intercom Engineering Corp. <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 />27th <br />day <br />of <br />August <br />1991. <br />APPROVED <br />this <br />27th <br />day <br />of <br />August <br />1991. <br />Charles J. Zettek <br />Village President <br />ATTEST: <br />iage C er <br />