G-254 - 07/24/1979 - BOND - Ordinances ORDINANCE NO . G- 254
AN ORDINANCE AMENDING SECTION 12-86 OF THE
CODE OF ORDINANCES OF THE VILLAGE OF OAK BROOK ILLINOIS
RELATIVE TO BOND AND INSURANCE REQUIREMENTS FOR WORK WITHIN
STREET RIGHTS-OF-WAY
WHEREAS, the President and Board of Trustees of the
Village of Oak Brook, Illinois have heretofore adopted Sec-
tion 12-86 of the Code of Ordinances of said Village, which
Section sets forth certain bond and insurance requirements
for work within street rights-of-way; and
WHEREAS, the President and Board of Trustees of the
said Village deem a revision of such bond and insurance re-
quirements to be in the best interest and in pursuance of
the general welfare of the Village;
NOW, THEREFORE BE IT ORDAINED BY THE PRESIDENT AND
BOARD OF TRUSTEES OF THE VILLAGE OF OAK BROOK, DU PAGE AND
COOK COUNTIES, ILLINOIS as follows :
Section 1 : That Section 12-86 (B) (3) of the Code of
Ordinances of the Village of Oak Brook, Illinois be and is
hereby amended to read as follows :
(3) Bond required. Each applicant for a permit
required by this article for work within ' street rights-
of-way shall file a cash bond in the amount of one thou-
sand dollars ($1,000. 00) conditioned to indemnify the Vil-
lage for any loss or damage resulting from the work under-
taken or the manner of doing the same
Section 2 : That Section 12-86 (C) (2) (d) of the Code
of Ordinances of the Village of Oak Brook, Illinois be and
is hereby amended to read as follows :
(d) Extended Liability and Umbrella Coverage. The
contractor shall purchase, at his expense, during the life
of the contract extended liability and umbrella coverage
insurance with a limit of liability based upon the following:
Amount of Extended
Liability Insurance
Estimated Project Cost and Umbrella Coverage
$ 1. 00 to 5 ,000 .00 $ 0
5 ,001 . 00 to 10 ,000 . 00 1,000,000 . 00
X0 ,001.00 & Greater. 2,000, 000 . 00
Section. 3: All ordinances , rules , and regulations
of the Village of ak Brook which are in conflict with the
provisions of this Ord%nah" -4-re_ hereby repealed to the
extent of such conflict .
Section 4: If any section, sub-section, entence,
clause, or phrase of this Ordinance is for any reas eld
to be invalid, such determination shall not affect the -va-
1'idity of -any remaining portion of this Ordinance . ��
.a
Ordinance No. G-254
Amending Section 12- 8E
Page two
Section 5 : This Ordinance shall be in full force
and effect from and after its passage, approval, and pub-
lication in pamphlet form as provided by law.
Section 6 : The Village Clerk is hereby authorized
and directed to publish this Ordinance in pamphlet form
as required by law.
Passed this 24th day of July , 1979 .
Ayes : Trustees Brown, Congreve, Marquardt, Reynolds,_and Ruh
Nays: None
Absent: Trustee Philip
Approved this 24th day of July , 1979.
e p`r ide
ATTEST:
Vill ge Clerk
Approved as to Form:
Vi 1 ge Attorney
Not Published
Published 7-/24/79 Pamphlet Form
Date Paper