AUTHORIZING THE ACCEPTANCE OF PUBLIC IMPROVEMENTS IN SARAH’S GLEN SUBDIVISION
WHEREAS, the Village of Vernon Hills requires Village Board approval for completion of subdivision projects;
WHEREAS, the developer has completed the required public improvements;
WHEREAS, following Board approval contingent upon the following financial guarantees, receipt of a two-year maintenance guarantee in the amount of 10% of the original Letter of Credit:
1. Letter of Credit #117924
NOW THEREFORE BE IT RESOLVED BY THE VILLAGE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF VERNON HILLS, LAKE COUNTY, ILLINOIS:
That the Village Board of Vernon Hills accepts the public improvements for Sarah’s Glen subdivision contingent upon receipt of a two-year maintenance guarantee in the amount of 10% of the original Letter of Credit.
Dated this 4rd day of November, 2003.
Adopted by roll call vote as follows:
ABSENT AND NOT VOTING: