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All surety bonds shall be issued by a surety or insurance company authorized by the Illinois Department of Insurance to sell and issue sureties in the State of Illinois. The discharge of the surety under all surety bonds shall be conditioned upon the completion of the permitted work and restoration of the county right-of-way to its original condition or better within the specified time period of the permit, in strict conformance with the provisions of this chapter and any permit issued hereunder. Said surety bonds shall be payable to the Lake County Treasurer and shall be submitted to the County Engineer and shall be of a term of a minimum of 18 months. The format and language of the surety bond shall be determined by the County Engineer as advised by the State's Attorney.
(Ord. 19-1061, passed 7-9-2019)