R-44-01 Authorizing release of letter of credit for stone creek of lemont subdivisionRESOLUTION NO
RESOLUTION AUTHORIZING RELEASE OF LETTER OF CREDIT
FOR STONE CREEK OF LEMONT SUBDIVISION
WHEREAS, pursuant to the Subudivision Regulations, an owner or developer of a
subdivision is required to deposit certain security or evidence thereof with the Village of Lemont to
guarantee the installation of such improvements; and
WHEREAS, in the matter of Stone Creek of Lemont Subdivision, located at East & Logan
Streets in Lemont, Illinois, an Irrevocable Letter of Credit #1693, Evergreen Bank, in the amount
of $139,214.94 was deposited with the Village of Lemont on October 1, 1997; and
WHEREAS, J. B. Properties has made application for release of the Irrevocable Letter of
Credit #1693; and
WHEREAS, a duly authorized agent of the Village of Lemont has inspected certain portions
of the improvement and has found these portions to have been satisfactorily installed.
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the
Village of Lemont that:
SECTION 1: All site work covered under Letter of Credit #1693 has been satisfactorily
completed.
SECTION 2: The Irrevocable Letter of Credit #1693 for Stone Creek of Lemont Subdivision
is hereby released.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL, AND DU PAGE, ILLINOIS
on this 23rd day of July , 2001
John Benik
Debby Blatzer
Peter Coules
Connie Markiewicz
Steven Rosendahl
Jeanette Virgilio
Approved by me this 23rd day of
Attest:
CHARLENE SMOLLEN, Village Clerk
AYES NAYS PASSED ABSENT
J
CHARLENE SMOLLEN, Village Clerk
July , 2001
JOH F. P ZA, Village re