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RESOLUTION NO. 28-86 <br />A RESOLUTION REPEALING RESOLUTION NO. 16-86 AND RELEASING <br />TWO MAINTENANCE BONDS AND ONE PERFORMANCE BOND FROM SAFECO <br />INSURANCE COMPANY GUARANTEEING WORK TO BE PERFORMED BY <br />CENTEX HOMES IN SECTION 23A AND SECTION 24 <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 authorize <br />the release of Maintenance Bond No. 4387000 in the amount of $102,700 pre- <br />viously accepted by Resolution No. 34-85; and No. 4387001 in the amount <br />of $15,000 previously accepted by Resolution No. 54-82 (within Franklin <br />Lane and Union Circle); and Performance Bond No. 2985315 in the amount <br />of $182,238 previously accepted by Resolution No. 42-80, from Safeco <br />Insurance Company guaranteeing work performed by Centex Homes in Section <br />23A and Section 24. <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 25th <br />APPROVED this 25th <br />ATTEST: <br />Patricia S. Smith <br />Village Clerk <br />day of <br />March , 1986. <br />day of March , 1986. <br />Charles J. Zettek <br />Village President <br />