Carol Stream stormwater bonds.
From $100.
A developer building stormwater detention, conveyance, or erosion-control facilities in Carol Stream posts security with the Village's Engineering Department to guarantee those facilities are built and stabilized correctly, under Village Code § 16-5-13. Premiums cost 3% of the bond amount, $100 minimum.
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How much does a Carol Stream stormwater bond cost?
3% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Stormwater improvement bonds are standard development-security filings. Enter your amount, consent to a soft pull, and file with the Village. Here is the whole thing:
Apply online
Your development details, the bond amount the Village Engineer set for your stormwater plan, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most stormwater bonds clear quickly on the soft pull, which never affects your score — pricing is 3% of the bond amount, $100 minimum. Larger developments may get a brief review.
File with Engineering
Your executed bond arrives by email, ready to file with the Village's Engineering Department as part of your stormwater or site development approval. Wet-ink originals mailed on request.
What it is and who needs it.
What the stormwater improvement bond actually guarantees
Carol Stream regulates stormwater and floodplain development under Village Code § 16-5-13, which incorporates the DuPage County Countywide Stormwater and Floodplain Ordinance (DuPage County Code § 15-1-1 et seq.) and its design standards. Where a project requires detention basins, conveyance improvements, or erosion and sediment controls, the Village's Engineering Department can require security — a letter of credit or a performance bond — that backs proper construction and stabilization of those facilities.
It is a three-party arrangement: you (the principal), the surety carrier, and the Village of Carol Stream (the obligee), with downstream property owners and the public as the protected parties. If stormwater facilities are left incomplete or erosion controls fail during construction, the Village can draw on the bond, and you repay the surety — it is not insurance for you.
There is no single citywide amount — the Village Engineer sets the figure to match the estimated cost of the stormwater facilities and erosion controls on your approved plan. Enter that amount; we price the bond at 3% of it, $100 minimum, after a quick soft credit check that never affects your score.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with Engineering. Your executed bond arrives by email, ready to file with the Village's Engineering Department as part of your stormwater or site development approval. Wet-ink originals mailed on request.
What sets the price
The premium is 3% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. The pull never affects your score, and your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Clear your stormwater security today.
From $100, soft pull only. Enter the amount the Village Engineer set and file with Engineering the same day.