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RESOLUTION NO. 44-86 <br />A RESOLUTION ACCEPTING A SUBDIVISION PERFORMANCE BOND FROM <br />SAFECO INSURANCE COMPANY OF AMERICA, NO. 5007485 IN THE AMOUNT <br />OF $148,014.00 FILED WITH THE VILLAGE OF ELK GROVE VILLAGE BY <br />CENTEX HOMES ENTERPRISES, INC. GUARANTEEING THE CONSTRUCTION OF <br />PUBLIC IMPROVEMENTS IN SECTION 27 (EASTHAMPTONS) <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 acceptance of a Subdivision Bond from Safeco Insurance Company of America, <br />No. 5007485, in the amount of $148,014.00, completion date August 1, 1989, to <br />guarantee the construction of public improvements: watermain, sanitary sewer, <br />storm sewer, roadway (curb b street), sidewalk, parkway (trees b sod) in <br />Section 27 in accordance with plans and specifications prepared by Henderson <br />and Bodwell, 120 Express Street, Plainview, New York with a revised date of <br />March 6, 1986. Said Subdivision Performance Bond has no expiration date. <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 10th day of June , 1986. <br />APPROVED this 10th day of June 1986, <br />Charles J. Zettek <br />Village President <br />ATTEST: <br />Patricia S. Smith <br />Village Clerk <br />