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RESOLUTION NO. 56-86 <br /> A RESOLUTION ACCEPTING A SUBDIVISION PERFORMANCE BOND FROM <br /> SAFECO INSURANCE COMPANY OF AMERICA, NO. 5007488 IN THE <br /> AMOUNT OF $1,434,084.00 FILED WITH THE VILLAGE OF ELK GROVE <br /> VILLAGE BY CENTEX HOMES ENTERPRISES, INC. GUARANTEEING THE <br /> CONSTRUCTION OF PUBLIC IMPROVEMENTS IN SECTION 23B, RESUB— <br /> DIVISION NO. 5 <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 <br /> of Illinois: <br /> Section 1. That the President and Board of Trustees do hereby <br /> authorize the acceptance of a Subdivision Bond from Safeco Insurance <br /> Company of America, No. 5007488, in the amount of $1,434,084.00, completion <br /> date of August 1, 1989, to guarantee the construction of public improvements: <br /> watermain, sanitary sewer, storm sewer, roadway (curb & street) , parkway <br /> (trees & sod) in Section 23B, Subdivision No. 5 in accordance with the <br /> plans and specifications prepared by Henderson and Bodwell, 120 Express <br /> Street, Plainview, New York with a revised date of March 11, 1986. <br /> 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 22nd day of July , 1986. <br /> APPROVED this 22nd day of July , 1986. <br /> Charles J. Zettek <br /> Village President <br /> ATTEST: <br /> Patricia S . Smith <br /> Village Clerk <br />