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RESOLUTION NO. 38-84 <br />A RESOLUTION ACCEPTING AND PLACING ON FILE AN AMENDMENT <br />TO AN IRREVOCABLE LETTER OF CREDIT FROM THE BANK OF ELK <br />GROVE NO. 16505 IN THE AMOUNT OF $8,530.50 GUARANTEEING <br />THE CONSTRUCTION OF BITUMINOUS CONCRETE SURFACE COURSE IN THE <br />GULLO INTERNATIONAL OFFICE AND INDUSTRIAL CENTER SUBDIVISION <br />NORTH OF OAKTON STREET (PREVIOUSLY ADOPTED BY RESOLUTION <br />NO. 21-83) <br />NOW, THEREFORE, BE IT RESOLVED by the President and Board of <br />Trustees of the Village of Elk Grove Village, Counties of Cook <br />and DuPage, Illinois: <br />SECTION 1. That the President and Board of Trustees do here- <br />by authorize the acceptance of an amendment to an irrevocable Letter <br />of Credit from the Bank of Elk Grove, No. 1650S in the amount of <br />$8,530.50, expiring May 15, 1985, for the installation of bitumin- <br />ous concrete surface course in the development known as Gullo Inter- <br />national Office and Industrial.Center in accordance with the plans <br />and specifications prepared by the Chia Company, 5732 Gardner Court, <br />Hanover Park, Illinois and approved on October 11, 1979. <br />SECTION 2. That this Resolution shall be in full force and <br />effect from and after its passage and approval according to law. <br />PASSED <br />this <br />22nd <br />day <br />of <br />May <br />1984. <br />APPROVED <br />this <br />22nd <br />day <br />of <br />May <br />1984. <br />Charles J. Zettek <br />Village President <br />ATTEST: <br />Patricia S. Smith <br />Village Clerk <br />