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RESOLUTION NO. 53-88 <br /> A RESOLUTION ACCEPTING AN IRREVOCABLE LETTER OF CREDIT <br /> NO. 49305 FROM NBD ELK GROVE BANK EXPIRING DECEMBER 310 <br /> 1988 IN THE AMOUNT OF $3,229.00 TO GUARANTEE COMPLETION <br /> OF PUBLIC IMPROVEMENTS AT 1200 LANDMEIER ROAD (Gullo) <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 Du Page, State of <br /> Illinois: <br /> Section 1. That the President and Board of Trustees do hereby <br /> authorize the acceptance of Irrevocable Standby Letter of Credit No. 49305 <br /> from NBD Elk Grove Bank in the amount of $3,229.00 to guarantee completion <br /> of public improvements for 1200 Landmeier Road, Gullo International <br /> Development Corporation, in accordance with approved plans and <br /> specifications prepared by Norman J. Toberman & Associates, approved June <br /> 30, 1988 with revisions dated March 1, 1988. Said Letter of Credit <br /> expiring December 31, 1988. <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 9th day of August , 1988. <br /> APPROVED this 9th day of August , 1988. <br /> Charles J. Zettek <br /> Village President <br /> ATTEST: <br /> Patricia S. Smith <br /> Village er <br />