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RESOLUTION I4O. 85-84 <br /> A RESOLUTION AMENDING RESOLUTION NO. 74-84 <br /> BY PROVIDING FOR ADDITIONAL TIME FOR THE <br /> AAR CORPORATION TO COMPLETE AND CLOSE ITS <br /> INDUSTRIAL REVENUE BOND PROJECT WITH THE <br /> VILLAGE OF ELK GROVE VILLAGE <br /> BE IT RESOLVED by the President and Board of Trustees of <br /> the Village of Elk Grove Village, Counties of Cook and DUPage, <br /> Illinois as follows : <br /> Section 1: That Paragraph 4 . (a) of the Memorandum of <br /> Agreement previously adopted pursuant to Resolution No. 74-84 <br /> be and the same is hereby amended to read as follows: <br /> 4 . (a) All commitments of the Issuer under Paragraph 2 <br /> hereof and of the Company under Paragraph 3 hereof are <br /> subject to the condition that on or before June 30 , 1985 <br /> (or such other date as shall be mutually satisfactory <br /> to the Issuer and the Company) , the Issuer and the <br /> Company shall have agreed to mutually acceptable terms <br /> and conditions of one or more loan agreements and of the <br /> Bonds and other instruments or proceedings relating to <br /> the Bonds. All commitments of the Issuer are further <br /> subject to the Company' s compliance with the terms and <br /> conditions of Issuer's Enabling Ordinance (Ordinance No. <br /> 1486 adopted October 13 , 1981) and the approval of the <br /> Company' s application for the issuance of said Bonds by <br /> the financial consultant of the Village, the Village <br /> Attorney, the President and Board of Trustees and any <br /> subcommittee thereof. All commitments of the Issuer are <br /> further subject to compliance with applicable provisions <br />