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RESOLUTION NO. 73-86 <br /> A RESOLUTION ACCEPTING AN IRREVOCABLE LETTER OF CREDIT NO. 8731 <br /> FROM CITIZENS BANK & TRUST COMPANY IN THE AMOUNT OF $3,575.00 <br /> EXPIRING MARCH 2, 1987 TO GUARANTEE COMPLETION OF PUBLIC IMPROVE- <br /> MENTS AT 1200 DEVON AVENUE (FEDERAL EXPRESS) <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 an Irrevocable Documentary Letter of Credit No. 8731 from <br /> the Citizens Bank & Trust Company in the amount of $3,575.00 to guarantee <br /> completion of public improvements at 1200 Devon Avenue as fully described <br /> in Exhibit "A" attached hereto and made a part hereof in accordance with <br /> approved plans and specifications with revisions dated August 15, 1986, pre- <br /> pared by G & C Consulting Engineers, Inc. , 1870 Busse Highway, Des Plaines, <br /> Illinois 60018 and Harrison & Kwasek Architects, Inc. , 4811 Emerson, Palatine, <br /> Illinois 60074. Said Letter of Credit expiring March 2, 1987. <br /> Section 2: That this Resolution shall be in full force and effect from <br /> and after its passage and approval according to law. <br /> PASSED this 9th day of September 1986. <br /> APPROVED this 9th day of September 1986. <br /> Charles J. Zettek <br /> Village President <br /> ATTEST: <br /> Patricia S. Smith <br /> Village Clerk <br />