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G-357 - 04/09/1985 - BOND - Ordinances ORDINANCE NO. G- 357 AN ORDINANCE AMENDING SECTION 12-86 OF THE CODE OF ORDINANCES OF THE VILLAGE OF OAK BROOK, ILLINOIS RELATIVE TO BOND 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 Section 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 "i_&,REAS, the President and Board of Trustees of the said Village deem a revie10 ;.of. ,such bond and insurance requirements to be in the best interest and in ursuanoe of the,.general welfare of the Village; 7,1011, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF OAK -�ROOK, DU PAGE AND COOK COUNTIES, ILLINOIS as f6lldws Sect16a:l:'""That Section 12-86(B)(3) of the Code of Ordinances of the Village of Oak $rook, Illinois be and is hereby amended to read as follows: (3) Bono required. Each applicant for a permit required by this .:article for 'work within street rights-of-way shall file a cash bond in the:ainount of one thousand dollars ($1,000.00) conditioned to indemnify t'he Village for any loss or damage resulting from the work pndertaken or the manner of doing the same. This bond may also be used by the Village to complete the work in accordance with the permit application and plans in the event that the permittee fails to complete said work upon fifteen (15) days notice to do so. Section 2: All ordinances, rules and regulations of the Village of Oak Brook which are in conflict with the provisions of this Ordinance are hereby repealed to the extent of such conflict. Section 3: If any section, sub-section, sentence, clause or phrase of this Ordinance is for any reason held to be invalid, such determination shall not affect the validity of any remaining portion of this Ordinance. Section 4: This Ordinace shall be in full force and effect from and after its passage, approval and publication in pamphlet form as provided by law. Section 5: The Village Clerk is hereby authortized and directed to publish this Ordinance in pamphlet form as required by law. F ` PASSED this 9th. day of April 1985. Ayes: Trustees Imrie, Listecki, Rush and President Cerne Nays: None Absent: Trustees Maher, Philip and Watson. Alftc"ED this 9th day of April 1985. ,� fwce� Village President Ordinance Nd. G- 357 Amending Section 12- Relative to Bond Requirements for W6rk Within Street Rights-of-Way Page twd ,ATTEST- 4 i �•Vi11dg� erk - Approved at td F6rm: t Village Attorney Published 4/10/85 Pamphlet Form Date Paper Not Published