HomeMy WebLinkAboutOrd 3254 09/07/1982 RDINANCE NO. 3254
AN ORDINANCE TO AMEND ARTICLE I OF CHAPTER
9 OF THE VILLAGE CODE OF MOUNT PROSPECT
REGARDING BOND DEPOSITS FOR STREET AND
SIDEWALK CONSTRUCTION
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
THE 7th DAY OF September , 1982.
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
~th day of September , 1982.
RDINANCE NO. 3254
AN ORDINANCE TO AMEND ARTICLE I OF CHAPTER
9 OF THE VILLAGE CODE OF MOUNT PROSPECT
REGARDING BOND DEPOSITS FOR STREET AND
SIDEWALK CONSTRUCTION
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: Section 9.102 entitled "Construction; Permit
and Bond Requirements" of Article I, Chapter 9, of the
Village Code of Mount Prospect, Illinois (1981), is hereby
amended .by amending Subsection B thereof to read as follows:
Bond. Each applicant shall file a bond, in the
amount of ten thousand dollars ($10,000.00) with
sureties to be approved by the Bureau of Code
Enforcement, conditioned to indemnify the Village
from any loss or damage resulting from the work
undertaken or the manner of doing the same.
Provided, that for sidewalk construction there
may be filed, in lieu of such bond, a cash deposit
in the amount of two dollars fifty cents ($2,50)
per lineal foot of walk, to be laid, which shall
be returned to the applicant, without interest,
if the work is properly completed within one year
of the date of the permit. If not so completed,
the Village shall use the deposit, or so much as
may be necessary to complete the work. Any such
deposit remaining on hand and unclaimed for a
period of six (6) months or more after the
work has been properly completed and written
notice to recover the deposit has been forwarded
to the applicant at the address set forth on his
application, shall be forfeited and transferred
to the GenerH1 Corporate Fund of the Village."
SECTION TWO: This Ordinance shall be in full force and
effect upon its passage, approval, and publication in pamph-
let form in accordance with law.
PASSED AND APPROVED this
AYES: Arthur
NAYS: None
ABSENT: None
Farley Floros
ATTEST:
Vi ~1 lage Clerk
7th day of September~, 1982.
Miller Murauskis Wattenberg
V~llage President