Code of Ordinances
Of Union County, Illinois.
34‑6‑16.2 Surety Bond
A surety bond by an insurance company authorized to do business in the State of Illinois or Irrevocable Letter of Credit shall be posted by the applicant with the County Clerk as approved by the County Board before construction of the improvements or facilities is started. Such surety bond shall be one and one‑half (1 1/2) times the amount determined by the County Engineer as equal to the estimated construction cost of all improvements intended to de dedicated to the County, other public body or approved private legal entity. Performance of work necessary to complete construction and installation of the required improvements to be dedicated to the County, other public body, or approved private legal entity shall be completed within two (2) years of the date of approval of the final plat, unless such time is extended by written agreement between the applicant and the County Board. If such improvements are not satisfactorily installed within the time period specified or required, then such surety bond or proportion thereof shall be forfeited by the applicant, and the proceeds of the surety bond shall be used to pay for the completion of installing such improvements in accordance with the requirements specified herein.
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