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Illinois bonds

Cook County, IL — Restoration Performance (Temporary Trailer) Bond

The Cook County Restoration Performance (Temporary Trailer) Bond is a financial security document required by the Cook County Board of Commissioners as a condition for obtaining a construction-related permit involving a temporary trailer. This bond ensures that the permit applicant meets site restoration obligations established by the Cook County Department of Buildings and Zoning.

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Recorded state
Illinois
Bond type
Performance, Payment, Maintenance & Site Improvement Bond
Category
Contractors & construction

What this bond does

This bond guarantees that the principal will restore the project site to its original condition if the construction project is abandoned or delayed beyond the expiration of the permit terms. It serves as a financial safeguard for Cook County to ensure land integrity following the removal of a temporary trailer.

Who needs it
Applicants for a Cook County building or construction permit who intend to install a temporary trailer on a property site within the jurisdiction.
Who it protects
The bond protects the Cook County Board of Commissioners as the obligee. In the event the principal fails to remove the trailer and restore the site as required by permit conditions, the county may utilize the bond funds to address the site restoration.

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.

Understanding the Restoration Bond Requirement

When applying for a permit to install a temporary trailer in Cook County, the applicant must provide this performance bond as a condition of permit issuance. It holds the principal and the surety jointly liable for a penal sum of $10,000, payable to the Board of Commissioners of Cook County, Illinois, should the restoration requirements remain unmet.

The obligation remains active throughout the duration of the permit work. It is only rendered null and void once the principal has prosecuted the work according to the permit terms and successfully restored the site to its original state following the removal of the trailer.

Principal Responsibilities and Site Restoration

The principal is responsible for identifying the exact location and legal description of the property where the trailer will be installed. The permit application must specify the intended use of the trailer and the anticipated timeline for its removal from the property.

Compliance involves adhering to all terms set by the Cook County Department of Buildings and Zoning. Should construction be abandoned or the trailer remain past the permitted time, the principal is contractually obligated to perform the site restoration, or the bond may be triggered.

Bond Execution and Official Approval

The bond document requires formal execution by the principal and an authorized surety. This includes signatures, the application of corporate seals where applicable, and verification by a Notary Public. Different certification forms are provided for corporate entities versus individual principals within the bond instrument.

After execution, the bond must be approved by the Building Commissioner and reviewed by the Office of Legal Affairs. Applicants should ensure all fields, including the permit number and property address, are accurately populated before submission to ensure the county recognizes the bond as valid for permit issuance.

Sources

Have these ready

  1. Verify the specific permit number provided by the Cook County Department of Buildings and Zoning.
  2. Obtain the precise legal description of the trailer location and the target removal date.
  3. Complete all required signature fields and ensure the document is notarized according to your entity type (individual or corporation).
  4. Prepare the bond for final submission to the Building Commissioner for approval.

Questions about this bond

What is the penal sum amount for this bond?

The bond is issued in the penal sum of $10,000.

Who is the protected party for this restoration bond?

The Board of Commissioners of Cook County, Illinois, is the obligee protected by this bond.

Does this bond apply to permanent building structures?

No, this specific bond form is designated for temporary trailer installations associated with permitted construction work.

Under what conditions is the bond obligation released?

The obligation is released when the principal completes the project work in accordance with the permit and restores the site to its original condition upon trailer removal.

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