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Home My WebLink About87-0624 Old Main Payout 84 -oba4 RESOLUTION APPROVING PAYOUT FROM THE OLD MAIN RESTORATION ESCROW ACCOUNT WHEREAS, the City of Elgin is the owner of certain real property upon which is a structure commonly known as Old Main; and WHEREAS, the City of Elgin and the Elgin Area Historical Society have entered into an agreement wherein Old Main is to be renovated and occupied by the Historical Society as a historical museum; and WHEREAS, pursuant to said agreement the plans and contract documents of such renovation are subject to the prior approval of the City of Elgin; and WHEREAS, on January 13, 1986 the City Council of the City of Elgin approved certain plans and contract documents prepared by Burnidge, Cassell and Associates dated December 27, 1985 entitled "Phase I of the Museum Interior Restoration for Old Main" subject to certain conditions including the condition that a fully funded escrow account be established to pay for such renovation costs; and WHEREAS, on April 15, 1986 the City of Elgin, the Elgin Area Historical Society and the First National Bank of Elgin (escrowee) entered into an escrow agreement which established the Old Main Restoration Account and authorized the escrowee to make payments from said account on the written direction of the City of Elgin and the Historical Society; and WHEREAS, renovation work has been continuing and application has now been made for the final payment of $2,570.91 from the escrow account; and WHEREAS, the project architect has reviewed said application for payment and has found it to be complete and the construction to be in compliance with the construction documents; and WHEREAS, in accordance with the terms of the escrow agreement, the remaining balance in said escrow account shall be transmitted to the Elgin Area Historical Society. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, that the First National Bank of Elgin is authorized and directed to make payment from the Old Main Restoration Account in the amount of $2,570.91 to Rakow's Furnishings, Inc. per its application dated June 11, 1987 and to transmit the remaining balance in said escrow account to the Elgin Area Historical Society, a copy of which is attached hereto and made a part hereof by reference. George VanDeVoorde, Mayor Presented: June 24, 1987 Adopted: Vote: Yeas Nays Recorded: Attest: Marie Yeuwrrran, Cily CICik /, BURNIDGE,CASSELL AND ASSOCIATES, P.C. ARCHITECTS AND LAND PLANNERS 1750 GRANDS1AND PLACE ELGIN. ILLINOIS 60123 312.695.5840 Charles H Burnidge Charles W. Cassell Gerald K. Bunting Ronald E Dalluege Chris W More.ra!t Charles M Hanlon Steve M Vacher'on Augusto L Leonardo Richard C McCarthy James A Enck June 11, 1987 First National Bank of Elgin Fountain Square Plaza Elgin, IL 60120 RE: Old Main Restoration Account To whom it may concern: The attached resolutions give written direction to the First National Bank of Elgin to release funds to Rakcw's Furnishings, Inc. fram the Old Main Restoration escra: account. The architect, Burnidge Cassell and Associates, has reviewed the pay request and found it to be complete and the construction to be in ccatpl i ante with the construction documents. A copy of the support waiver and invoice are included. Payment in the amount o $2,570.9 = payable o Rakow's Furnishings, Inc. , . 220 North River Street. _.•i.--e, Illinois 6011: As per the escrc+w agreement, the City of Elgin and the E gi • ea Historical Society attach the resolutions of the Elgin City Council and the Society Board of Directors granting the direction. Sincerely, BURAE, CASSFIL AND ASSOCIATES Charles H. Burnidge Cl Enclosures min • SUSIftkoves INVOICE 220 NORTH RIVER STREET DUNDEE, ILLINOIS 60118 . NESS INTERIORS (312)426-3605 r SOLDTO r_ SHIP TO ji r;re:: 1 L711 — L " • : PURCHASE ankh NO j bilk ORDERED SALESMAN CUSTOMER 80E 2/1 _— QUANTITY DESCRIPTION UNIT PRICE TOTAL i')1i !;::570 "1 ' n r,- j• 1 ! 4 ,1 • Or -.,•••••• TERMS NET 30 DAYS 2% FINANCE CHARGE per month (ANNUAL PERCENTAGE of 24%) wIl be charged on all charge accounts over 30 days. Office Furniture • Carpeting Window Treatments • FINAL WAIVER OF LIEN • To All Whom It May Concern: `{` WHEREAS,the undersigned has been employed by (A) Elgiit H.L inhilrni cnr try _ • to furnish labor and materials for i 111 rah pal ti ng work, under a contract r for the improvement of the premises described as II t' OLD NAM in the City (City-Village)of Etg.tn ,County of Katie , State of I CQ.Lno.c e of which Ci.ty °6 Ei gJit is the owner. NOW,THEREFORE,this 29 day of May , 19_x, for and in consideration of the sum of 1 1 twenty b-Lve hundh.ed 4even.ty and 91/100 DoU.a.t us Dollars paid simultaneously herewith,the receipt whereof is hereby acknowledged by the undersigned,the under- signed does hereby waive and release any lien rights to, or claim of lien with respect to and on said above- described premises, and the improvements thereon, and on the monies or other considerations due or to become due from the owner, on account of labor, services, material, fixtures, apparatus or machinery heretofore or which may hereafter be furnished by the undersigned to or for the above-described premises by virtue of said contract. (F) Rakow'i Fwu1 Akin. 7nr (SEAL) (Name of sole ownership,corporation or partnership)l – -- L. 77—erk__k\_) 7p- IS_ALL_ (Signature) - TITLE: Seche shy II ISTFUJCTIONS FU), FINAL WAIVER 141 Person or lent with',shorn you agreed to furnish.Ohet:shot or ser vires or materials rs both 181 Fra to nature and estmtt of work stall.•the word Uho,of the word mat•„alc if not in your contract . IC If you hey mo,•than one contra,r on u,.same pumw•s d•srra,•If,e cnnnact by number of atadable.dale end einem n1 work IDI iuroish an arrura,.•nnugh desoiphnn of the,mom.en,ent and torahon of the ptrmts•s so that it can be dtsnngutshed from any other propeny If,4n,om,shown.should he the a,nount sous",nn-nn.d and MVO to total amount of connart es adjusted IF If wa•y,,s ht,a rntporaunn,corporate name should be used corporate seal affixed and ode of officer signing Walter should be sat forth.II waiver is for,DrtoersMp•the peetnaoMp hems should be used. Panne,should sign and designate himself as panne, Designed By The Construction Industry Affairs Committee (CIAC) TOPS 3458 1.10N0 IN U S A It COPTRIONT 117!.TOPS BUSINESS IORMI.CMICAOO.ILL Sj IDFAN !� .; 01y ELGIN AREA HISTORICAL SOCIETY 'pe •� P.O. BOX 1027 ELGIN, ILLINOIS 60120 O 4; June 16 , 1987 TO WHOM IT MAY CONCERN: RESOLVED: The Elgin Area Historical Society gives written direction on June 16, 1987, to First National Bank of Elgin to release funds in the amount of $2570.91, from the Old Main Restoration Escrow Account, payable to Rakow Furnishings, Inc., to cover the payment for the carpet at Old Main and installation of same. The Society would then request after the above bill has been paid that the Old Main Restoration Escrow Account be closed and the balance of this account sent to the Treasurer of the Elgin Area Historical Society. Vi\akt (x)t. �.. ‘44, -))\ Mar•4 t L. Kruege Presi•ent Elgin Area Historical Society CJL &/) Poll Clendening(42 on Secretary Elgin Area Historical Society