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Illinois bonds

Berwyn, IL — Parkway, Sidewalk, Street Opening Bond

Berwyn's published code calls for $50,000 security for specified parkway use, street openings and public-walkway removal. The bond must state 'sidewalk, parkway, alley and/or street opening.'

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Recorded state
Illinois
Bond type
Right-of-Way / Street Work Bond
Category
Contractors & construction

What this bond does

The applicant's City-required security for the particular public-way activity identified in the accepted opening/use request.

Who needs it
The applicant required by Berwyn to post public-way security for the identified parkway, street-opening or walkway work.
Who it protects
The cited code requires indemnity of the City against responsibility in case of an accident during the work. The accepted instrument defines the complete obligation; it is not a guarantee of every construction contract.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Use the public-way wording the City requires

Code 1444.01 items 9, 10 and 12 address parkway use, street openings and removal of public walkways. Each calls for a $50,000 bond in favor of the City for the time necessary to complete the work and specifies the quoted public-way wording. Identify the actual location and activity; a generic trade-registration description is not the same request.

Do not substitute the restoration deposit or an annual term

The code lists restoration deposits separately from this bond. Confirm the current accepted instrument, legal applicant, recipient, work reference, required dates and submission process with Berwyn. The provider option displays no fixed amount or term. Purchase Now opens Propeller; verify that the issued security has the required wording and sum. Complete accepted filing and actual permit approval before work, then follow the City's restoration, inspection and release instructions rather than assuming annual expiration.

Sources

Have these ready

  1. City request, actual parkway/street/walkway activity, location and permit reference.
  2. Accepted $50,000 instrument and required public-way wording.
  3. Legal applicant, City recipient, work period and filing instructions.
  4. Separate restoration requirements, permit approval, inspection and actual release.

Questions about this bond

What wording does the code require?

It says all bonds for these listed activities must state 'sidewalk, parkway, alley and/or street opening.' Match the current accepted City instrument.

Can I use the restoration deposit as the bond amount?

No. The cited provisions list a restoration deposit separately and require a $50,000 bond in addition.

Does the code establish a standard one-year term?

These provisions describe the time necessary to complete the work. Confirm the issued instrument and release conditions; no fixed provider term is displayed.

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