HomeMy WebLinkAboutORDINANCE - 525 - 3/26/1968 - SUB. CONTROL REGS/AMENDEDORDI0NCE NO. 525
AN ORDINP14CE AMENDING SECTION 8.009 OF THE MUNICIPAL CODE RELATING TO
SUBDIVISION CONTROL REGULATIONS AND PROVIDING FOR MAINTENANCE BONDS
NOW, THEREFORE, BE IT ORDAINED by the President and Board of Trustees
of the Village of Elk Grove Village, Counties of Cook and DuPage,
Illinois:
Section 1. That Section 8.009 of the Municipal Code of the Village of
Elk Grove Village be amended by adding thereto the following:
"No such resolution will be adopted unless the developer deposits with
the Village a corporate surety bond whereby a bonding company (with
assets exceeding ten million dollars and authorized to do business in
the State of Illinois) guarantees street maintenance by the developer
during the bond term. Said bond to be in an amount not less than ten
thousand dollars and as recommended by the Village Engineer for a term
not less than two years with a termination date not in the months of
November, December, January, February, March or April, together with
an affidavit by the developer that said street will not be used by it,
its contractors, or contract purchasers for construction traffic and
that it will advise all concerned.
"Prior to any maintenance being performed by the developer during the
bond period, it shall notify the Village Manager 24 hours prior to the
doing of the work and obtain approval of the Village Engineer as to
the nature and manner of work done. The Village Engineer, or an
arbitrator selected by the Village Engineer, and the bonding company,
in the case of disputed approval to the effect that all maintenance
work has been properly done, shall be a necessary condition to dis-
charging parties under the bond and it shall so provide."
Section 2, That this ordinance shall be in full force and effect
from and after its passage) approval and publication according to law.
PASSED this 26th day of Parch , 1968.
APPROVED this 26th day of March , 1968.
Jack D. Pahl _
Village President
ATTEST:
Eleanor G. Rhrner.�
Village Clerk
PUBLISHED this 5th day of April , 1968 in the Elk Grove Herald
and the DuPage County Register.