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RESOLUTION NO. q4-8(, <br /> A RESOLUTION ACCEPTING AN IRREVOCABLE LETTER OF CREDIT <br /> NO. SPL28513 FROM HARRIS TRUST AND SAVINGS BANK IN THE <br /> AMOUNT OF $18,900.00 EXPIRING NOVEMBER 7, 1987 TO GUARANTEE <br /> THE INSTALLATION OF PUBLIC IMPROVEMENTS AT 1100 THORNDALE <br /> (LOT 30 WAREHOUSE, ITASCA CONSTRUCTION ASSOCIATES) <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 Letter of Credit No. SPL28513 from Harris <br /> Trust and Savings Bank in the amount of $18,900.00 to guarantee installation <br /> of public improvements at 1100 Thorndale Avenue, Lot 30 Warehouse as provided <br /> in certain engineering plans prepared by Cowhey Gudmundson Leder, Ltd. , One <br /> Pierce Place, Itasca, Illinois 60143. Said Letter of Credit expiring <br /> November 7, 1987. <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 day of November 1986. <br /> APPROVED this 25th day of November 1986. <br /> Charles J . Zettek <br /> Village President <br /> ATTEST: <br /> Patricia S. Smith <br /> Village Clerk <br />