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RESOLUTION NO. 3-88 <br />A RESOLUTION ACCEPTING A DEED OF CONVEYANCE/BILL OF SALE AND <br />IRREVOCABLE LETTER OF CREDIT NO. 3 FROM STANDARD FEDERAL SAVINGS <br />AND LOAN ASSOCIATION IN THE AMOUNT OF $3,637.00 EXPIRING OCTOBER <br />27, 1989 GUARANTEEING MAINTENANCE OF PUBLIC IMPROVEMENTS FOR <br />WINDY CITY GARDENS SUBDIVISION (Buckingham Court) <br />WHEREAS, the Developer (Standard Federal Savings and Loan Association <br />of Chicago) has submitted a Deed of Conveyance/Bill of Sale and Irrevocable <br />Letter of Credit No. 3 in the amount of $3,637.00, which will expire October <br />27, 1989, to the Village of Elk Grove Village as required by the Subdivision <br />Control Ordinance and fully complied with all provisions of any and all <br />Ordinances pertaining; and <br />WHEREAS, the Developer has satisfactorily submitted all necessary <br />items as requiredby the Village and has submitted required As -Built <br />Engineering Plans: <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, Illinois: <br />Section 1. That the Village of Elk Grove Village does hereby accept <br />a Deed of Conveyance/Bill of Sale and Irrevocable Letter of Credit No. 3 <br />from Standard Federal Savings and Loan Association of Chicago in the <br />amount of $3,637.00 expiring October 27, 1989 guaranteeing maintenance <br />of public improvements as described on the "As -Built" Engineering Plans <br />prepared by Applied Engineering Company, Buckingham Court, Elk Grove <br />Village, Illinois and dated February 4, 1981 for Windy City Gardens Sub- <br />division. <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 />26th <br />day <br />of <br />January <br />1988. <br />APPROVED <br />this <br />26th <br />day <br />of <br />January <br />1988. <br />ATTEST: <br />Patricia S. Smith <br />Village Clerk <br />Charles J. Zettek <br />Village President <br />