1977-12-19 - Resolution 1977-67 - improvements to BG Public Works and BG Municipal Bldg by George Knight Construction Co. RESOLUTION NO. 77 67
WHEREAS, on October 3, 1977, the VILLAGE OF BUFFALO GROVE as Buyer
entered into a certain contract with the George Knight Construction Company,
as Seller for the purchase of improvements to the Buffalo Grove Municipal Building
and the Buffalo Grove Public Service Center, Village of Buffalo Grove, Cook
and Lake Counties, Illinois; and
WHEREAS, said Installment Contract is in the principal sum of $244,500;
and
WHEREAS, the aforesaid George Knight Construction Company, as Seller will ,
on December 22, 1977, assign all of its rights, title and interest in and to the
aforesaid contract to the Bank of Elk Grove; and
WHEREAS, the Village of Buffalo Grove wishes to assist the Seller in said
sale and assignment and facilitate performance of the Installment Contract, a
photostatic copy of which said assignment is attached hereto and made a part
hereof as Exhibit "A".
NOW, THEREFORE BE IT RESOLVED by the President and Board of Trustees of
the Village of Buffalo Grove, Cook and Lake Counties, Illinois, hereby evidence
its consent and approval to the aforesaid sale and assignment;
BE IT FURTHER RESOLVED that the President and Village Clerk are hereby
authorized and directed to execute the Village's assent to the Assignment
Agreement.
PASSED: December 19, , 1977. AYES: 5 - Bogart, Marienthal , Keister,
Stone, Mendenhall
APPROVED: December 19, 1977. NAYES: 0 - None
ABSENT: 1 - Rech
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Village President
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