Loves Park right-of-way bonds.
Quote on review.
Loves Park Code Sec. 66-14(a) requires a bond for all work to be performed in the public right-of-way, and the City’s R.O.W., Sidewalk & Street Cut Permit/Agreement sets the bond at $5,000, guaranteeing the work and the restoration. We underwrite the bond and a surety specialist returns a quote, usually within one business day.
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How much does a Loves Park right-of-way bond cost?
It is underwritten: the premium is quoted from the bond amount and your financial picture, so there is no flat price to show.
From application to a permitted street cut.
The bond is one attachment to the City’s permit package, alongside your certificate of insurance and a project diagram. Here is the whole process on our side:
Apply online
Your company name as the principal, the entity type, the job location and the $5,000 bond amount the City’s permit calls for. No credit section.
A specialist quotes it
A surety specialist reviews the application and the scope of the right-of-way work and returns your premium. Underwriting prices the bond and decides whether collateral applies.
Attach it to your permit
Your executed performance bond and power of attorney are delivered for the permit package. The code has the bond filed with the City Clerk and a copy furnished to the City Engineer; Public Works takes the permit submission.
What it is and who needs it.
What the bond actually guarantees
Loves Park Code Sec. 74-46 makes it unlawful to alter, dig in, tunnel or otherwise work in the public streets or public property of the City without first obtaining a permit. Sec. 74-49 bars the permit until the contractor signs an agreement to restore the streets or public property to their original condition and to maintain the repairs for three years. And Sec. 66-14(a), part of the City’s Public Improvements Manual adopted in 2011, says a bond must be executed and filed with the City Clerk for all work to be performed in the public right-of-way, with a copy furnished to the City Engineer.
In practice the agreement is the Department of Public Works’ R.O.W., Sidewalk & Street Cut Permit/Agreement. Its paragraph 13 records that the applicant has furnished the City a certificate of insurance and a performance bond in the amount of $5,000 by a satisfactory bonding company to guarantee the performance of the work. The same agreement requires the street to be rebuilt with 12 inches of compacted stone and 3 inches of bituminous hot mix, curb cuts to be saw cut and fully replaced, and every disturbed area to be completely restored within 14 calendar days after the work is finished.
It is a three-party arrangement: your company (the principal), the surety, and the City of Loves Park (the obligee). If the work is left unfinished or the street is not restored, the City can claim against the bond for the cost, up to $5,000; separately, Sec. 74-52 fines a contractor $50 for each day a street stays unrestored, starting five days after written notice. It is not insurance for you — if the surety pays a claim, you repay the surety.
You need this bond if you’re
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
Term and renewal are set in the underwriter's quote.
Keep the bond in force for as long as the obligation behind it runs.
How to file it
Attach it to your permit. Your executed performance bond and power of attorney are delivered for the permit package. The code has the bond filed with the City Clerk and a copy furnished to the City Engineer; Public Works takes the permit submission.
What sets the price
This bond is underwritten: the premium is quoted from the bond amount and your financial picture, so there is no flat price to show.
One application, one specialist review.
These are the actual issuing fields — no credit section, because this application doesn’t collect credit information. Enter the $5,000 bond amount and the job details, submit once, and a surety specialist returns your quote, typically within one business day. Free until your bond is issued.
Start the application →Common questions.
Other Illinois bonds.
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Get your Loves Park street cut permit moving.
One short application for the $5,000 bond, and a specialist quote usually within one business day. No credit review of any kind. Free until issued.