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VILLAGE OF LONG GROVE v. AUSTIN BANK

No. 2-91-1289.

600 N.E.2d 520 (1992)

234 Ill. App.3d 376

175 Ill.Dec. 589

The VILLAGE OF LONG GROVE, Plaintiff-Appellee, v. AUSTIN BANK OF CHICAGO, Defendant (Riverwoods Development Corporation et al., Petitioners-Appellants).

Appellate Court of Illinois, Second District.

September 18, 1992.

Attorney(s) appearing for the Case

Kathleen Ross, Barrington, for Riverwoods Development Corp.

Ronald R. Rassin, Robbins, Salomon & Patt, Ltd., Chicago, for Austin Bank of Chicago.

John M. Mullen, Libertyville, for Village of Long Grove.

Presiding Justice INGLIS delivered the opinion of the court:

Plaintiff, the Village of Long Grove (village), sued defendant, Austin Bank of Chicago, to recover under an irrevocable letter of credit issued to secure the completion of public improvements at a subdivision to be built within the village. Petitioners Riverwoods Development Corporation (Riverwoods) and Robert Krilich petitioned the court for leave to intervene. The court denied the petition, and petitioners...

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