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RESOLUTION NO. 43-82 <br />A RESOLUTION ACCEPTING A LETTER OF CREDIT FROM TALMAN HOME INVEST- <br />MENTS, INC. IN THE AMOUNT OF $31,700.00 TO GUARANTEE THE MAINTENANCE <br />OF COMPLETED IMPROVEMENTS IN THE SHENANDOAH SUBDIVISION <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 President and Board of Trustees do hereby authorize <br />the acceptance of a Letter of Credit from the Talman Home Investments, Inc. in <br />the amount of $31,700.00 to guarantee the maintenance of public improvements in <br />the development known as the Shenandoah Subdivision as fully described in Exhibit <br />"A" attached hereto and made a part hereof in accordance with engineering plans <br />prepared by Elk Grove Engineering Company and approved by the Village of Elk Grove <br />Village on April 28, 1982. Said Letter of Credit becoming effective July 19, 1982, <br />and replacing Interim Maintenance Bonds approved by the Village Board by Resolu- <br />tions No. 28-81 and 29-81. These two Maintenance Bonds having expired on <br />April 11, 1982. <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 loth day of August 1982. <br />APPROVED this loth day of August 1982. <br />Michael Tostol <br />Village President Pro tem <br />ATTEST: <br />Patricia S. Smith) <br />Village Clerk <br />