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RESOLUTION NO. 97-86 <br /> A RESOLUTION AMENDING LETTERS OF CREDIT ADOPTED BY RESOLUTION <br /> NO. 21-83 AND AMENDED BY RESOLUTION NO. 96-85, FROM US AMERIBANC/ <br /> ELK GROVE NO. 16505, $8,530.50; NO. 1651S, $25,230; AND NO. 1652S, <br /> $16,500; GUARANTEEING THE CONSTRUCTION OF PUBLIC IMPROVEMENTS IN <br /> THE GULLO INTERNATIONAL OFFICE AND INDUSTRIAL CENTER SUBDIVISION <br /> NORTH OF OAKTON STREET EXPIRING NOVEMBER 12, 1987 <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 It That the President and Board of Trustees do hereby autho- <br /> rize the acceptance and placing on file three (3) amended Letters of Credit <br /> totaling $51,260.50 from the US Ameribanc/Elk Grove, guaranteeing the con- <br /> struction of public improvements; sidewalk work, streets, curbs, water mains, <br /> sanitary sewers, storm sewers, and street lights in the development known as <br /> Gullo International Office and Industrial Center in accordance with the plans <br /> and specifications prepared by the Chia Company, 5732 Gardner Court, Hanover <br /> Park, Illinois and approved on October 11, 1979. Letter of Credit No. 16505, <br /> No. 1651S, and No. 1652S expire November 12, 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 16th day of December 1986. <br /> APPROVED this 16th day of December 1986. <br /> Charles J. Zettek <br /> Village President <br /> ATTEST: <br /> Patricia S. Smith <br /> Village Clerk <br />