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RESOLUTION NO. 1-82 <br />A RESOLUTION ACCEPTING A BILL OF SALE, LETTER OF CREDIT NO. 6625 <br />FROM THE LA SALLE NATIONAL BANK OF CHICAGO AND ACCEPTING FOR <br />PERMANENT OWNERSHIP THE SIDEWALKS AND PARKWAY TREES IN REGENCY <br />SQUARE PHASE 2a AND 2b AS SHOWN ON ENGINEERING PLANS OF R.B. NEUKRANS <br />& ASSOCIATES, PROJECT NO. 8369 DATED 1971 AND ENGINEERING PLANS OF <br />COWEY ASSOCIATES . PLAN NO. 155 DATED 1978 <br />WHEREAS, the developer Regency Associates II, an Illinois limited <br />partnership, Ben Rozansky and Robert Brodley (the sellers) have submitted a <br />Bill of Sale and Letter of Credit in lieu of a Maintenance Bond in the amount <br />of$3,750.00 expiring October 30, 1983 to the Village of Elk Grove Village <br />as required by the Subdivision Control Ordinance and has fully complied with <br />all provisions of any and all ordinances appertaining and; <br />WHEREAS, the developer has completed sidewalk improvements and parkway <br />trees as required by the Village. <br />NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of <br />the Village of Elk Grove Village, Counties of Cook and DuPage, State of Illinois: <br />Section 1. That the Village President and Board of Trustees do hereby <br />accept a Bill of Sale accepting for permanent ownership the sidewalks and <br />parkway trees at the Regency Square Development(Phase 2a and 2b only) and <br />shown on R. B. Neukranz & Associates, project No. 8369m dated July 1971 and <br />the engineering plans prepared by Cowey Associates, plan No. 155 dated December <br />12, 1978, and a Letter of Credit from LaSalle National Bank No. 6625, in the <br />amount of $3,750.00, guaranteeing said improvements to October 30, 1983, all <br />as attached hereto and made a part hereof as if fully set forth. <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 12th day of January 1982. <br />APPROVED this 12th day of January 1982, <br />ATTEST: <br />Fay M. Bishol <br />Village Clerk <br />Charles J. Zettek <br />Ilage President <br />