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RESOLUTION NO. 4-88 <br />A RESOLUTION ACCEPTING AN IRREVOCABLE LETTER OF CREDIT NO. <br />311561 FROM THE FIRST NATIONAL BANK OF CHICAGO EXPIRING <br />FEBRUARY 1, 1989 IN THE AMOUNT OF $7,304.00 TO GUARANTEE <br />THE COMPLETION OF PUBLIC IMPROVEMENTS FOR RBC TECH PARCEL <br />F (N.E. corner of Cambridge Dr. and Landmeier Rd.) <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 acceptance of Irrevocable Letter of Credit No. 311561 <br />from the First National Bank of Chicago in the amount of $7,304.00 <br />to guarantee completion of public improvements for RBC Tech, Parcel F <br />in accordance with the approved plans and specifications with revisions <br />dated October 28, 1987, prepared by S.D.I. Consultants, 701 Harger Road, <br />Oakbrook, IL 60521, approved on January 20, 1988 on property described <br />in Exhibit "A" attached hereto and made a part hereof. Said Letter of <br />Credit expiring February 1, 1989. <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 this 26th <br />APPROVED this 26th <br />ATTEST: <br />Patricia S. Smith <br />Village Clerk <br />day of January , 1988. <br />day of January , 1988. <br />Charles J. Zettek <br />Village President <br />