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RESOLUTION NO. 48-82 <br />A RESOLUTION ACCEPTING AN AMENDED LETTER OF CREDIT NO. FNBC-1412- <br />00300362 FROM THE FIRST NATIONAL BANK OF CHICAGO IN THE AMOUNT OF <br />$77,305.47 TO GUARANTEE THE COMPLETION OF PUBLIC IMPROVEMENTS IN <br />THE SDK REGENT BUSINESS CENTER ( PHASE 1 ) ( PROJECT 7054 ) <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 Du Page, State of Illinois: <br />SECTION 1. That the President and Board of Trustees do hereby authorize <br />the acceptance of an amended Letter of Credit, No. FNBC-0300363 from the <br />First National Bank of Chicago in the amount of $77,305.47 to guarantee the <br />completion of public improvements in the development known as SDK Regent <br />Business Center, Phase 1, (Project 7054) as fully described in Exhibit "A" <br />attached hereto'and made a part,hereof in accordance with engineering plans <br />prepared by Elk Grove Engineering Company, 860 Lively Boulevard, Elk Grove <br />Village, Illinois and approved by the Village of Elk Grove Village on <br />October 3, 1980. Said amended Letter of Credit becoming effective September <br />1, 1982 and expiring September 1, 1983. Original Letter of Credit adopted <br />by Resolution No. 106-80, November 12, 1980. <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 28th day of September 1982. <br />APPROVED this 28th day of September , 1982. <br />Charles J. Zettek <br />Village President <br />ATTEST: <br />Patricia S. Smith J <br />Village Clerk <br />