HomeMy WebLinkAbout92-0325 Old Main Payout (2) • ga• CI AS
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 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 March 22, 1989 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 payment of $1,552 . 18
from the escrow account.
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 release funds from the Old Main
Restoration Account in the following amount to the following
suppliers :
Turk Floor Company $ 308. 70
Seigle' s Home and Building Centers $ 121 . 50
True Value Hardware $ 46 .98
Mark Stephens, Handyman $ 520 . 00
Gary Tooney, Handyman $ 555 . 00
per the written direction of the Elgin Area Historical Society
dated February 18, 1992, a copy of which is attached hereto
and made a part hereof by reference.
s/ George VanDeVoorde
George VanDeVoorde, Mayor
Presented: March 25, 1992
Adopted: March 25, 1992
Vote: Yeas 5 Nays 0
Recorded:
Attest:
s/ Dolonna Mecum
Dolonna Mecum, City Clerk
Ott alkod
., Elgin Area Historical Society
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February 18, 1992
TO WHOM IT MAY CONCERN:
RESOLVED: The Elgin Area Historical Society Gives written
direction on February 18, 1992, to NBD of Elgin to release funds
in the following amounts to the following
contractors/individuals, from the Old Main Restoration Escrow
Account. Bill submitted on February 18, 1992.
Turk Floor Company $308.70
1st Payment -
Seigles 's Home and Building Centers 121.50
True Value Hardware 46.98
Mark Stephens 520.00
Handyman
Gary Toney 555.00
Handyman
. 1\1\1 ` lam \, .\\
Mar g/ et L. Krue
Cha an, Renova on Committee
Mar lice Clute ! 1f1A\ r .
Elgin Area Historical Society
Enclosures
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360 Park Street, Elgin, Illinois 60120 (312) 742-4248