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RESOLUTION NO. 25-88 <br />A RESOLUTION ACCEPTING AN IRREVOCABLE LETTER OF CREDIT NO. <br />5227906 FROM THE NORTHERN TRUST COMPANY EXPIRING APRIL 1, 1989 <br />IN THE AMOUNT OF $15,246.00 GUARANTEEING CONSTRUCTION OF PUBLIC <br />IMPROVEMENTS FOR A.W. MENDENHALL - 2301 LUNT <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 an Irrevocable Letter of Credit No. 5227906 <br />from the Northern Trust Company in the amount of $15,246.00 to guarantee <br />construction of public improvements at 2301 Lunt Avenue in accordance with <br />the approved plans and specifications with revisions dated March 14, 1988 <br />prepared by Joseph F. Koenen. P.E., approved on March 21, 1988 and <br />agreements (including any amendments thereof) for the A.W. Mendenhall New <br />Facility Project. Said Letter of Credit expiring April 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 er <br />day of April , 1988. <br />day of April , 1988. <br />Charles J. Zettek <br />Village President <br />