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(A) The developer must post a subdivision warranty with the Road District Commissioner after final acceptance of the public improvements. The warranty amount must equal at least 10% of the initial subdivision guarantee for the improvements. Subdivision warranties must be in the format provided in the Will County Developers’ Handbook.
(B) The subdivision warranty must cover a period of at least two years.
(C) Subdivision warranties must be in the form of cash escrow, a letter of credit from a local bank or local savings and loan association, or other financial security approved by the county and applicable road authority.
(D) Subdivision warranties are not required for improvements not contained in and specified under the original subdivision guarantee.
(E) The subdivision warranty may be used to replace any faulty materials or workmanship and warrant the integrity of the improvements during the life of the warranty.
(F) At least 18 months after final acceptance of the improvements, the developer must request an inspection of the improvements by the Chief Subdivision Engineer and Road District Commissioner. Before release of the warranty, the developer must perform any warranted work. The work must be completed and inspected by Chief Subdivision Engineer and Road District Commissioner at least 30 days before the warranty expires.
(Ord. passed 7-8-1970; Res. 09-167, passed 6-18-2009)