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HomeMy WebLinkAboutOrd 855 08/21/1962 -. ORDINANCE NO. 855 AN ORDINANCE AMENDING ORDINANCE NO. 302 WHICH REGULATES PUBLIC IMPROVEMENTS BY PRIVATE CONTRACT PROVIDING FOR THE PAYMENTS THEREOF AND ESTABLISHING PERMIT FEES NOW THEREFORE, BE IT ORDAINED by the Presidentand Board of Trustees of the Village of Mount Prospect, Cook County, Illinois: Section 1. That Section 2 of Ordinance #302 be and is hereby amended to read as follows: "Section 2. That at the time such application is made for such permit, the appJican shall deposit a sum of money equal to the cost of constructing the improvements covered by said permit, the amount of which shall be determined by the engineer of Mount Prospect's estimate of cost or the Cost of Improvement as set forth in the contract documents providing for the improvement, whichever be the lesser, such sum shall then be deposited: 1. In escrow in a bank designated by the President and Board of Trustees, or 2. 2. With the Village Treasurer in a special fund payableat the direction of the Village Board. The foregoing deposit may be excused (1) by the Village Manager provided there are sufficient financial guarantees to insure the payment of all public improvements. In determining the sufficiency of said guarantees he shall (a) require that all funds pledged to pay for the improvements are specifically allo- cated for the improvements and subject to Village control or in lieu thereof require a surety bond in the form approved by the Village Attorney, but in an amount sufficient to cover the entire cost of the improvements; (2) in subdivisions of more than 100 lots the Village Manager may approve a cash escrow of less than the full amount necessary to pay for all public improvements but in no event less than 20% of the cost of said improvements in whcih event he shall assure himself that all work, labor and materials are being paid for as the job progresses." Section 2. That Section 5 of Ordinance 302 be and is hereby amended to read as follows: "That no improvements shall be constructed which do not conform with the requirements as set forth in the Official Village Plan of the Villa~~e of Mount Prospect as adopted; all such plans and specifications shall be inspected by the Village Engineer and approved by him; said inspections together with the on-job inspection of the work as it progresses shall be paid for by the applicant at a rate of $10.00 per hour." Section 3. That Section 6 of Ordinance #302 is amended to read as follows: "No permit fee is required." Section 4. That any person, firm or corporation violating any of the provisions of this ordinance shall upon conviction thereof, be fined not more than Two Hundred Dollars ($200.00) for each and every offense. Section 5. That this ordinance shall be in full force and effect from and after its passage, approval and publication, according to law. PASSED and APPROVED this 21st day of August, 1962 +.... , .~ {~; ~~ President c/ s"t i~ 'Je~ e. LJ'-0:~~ Ruth C. Wilson, Clerk Published this 30th day of August, 1962 in the Mount Prospect Herald.