Title
AN ORDINANCE AMENDING TITLE 1, CHAPTER 5, SECTION 1-16-3 (H) OF THE ORLAND PARK VILLAGE CODE (PERFORMANCE BOND REQUIREMENTS)
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WHEREAS, from time to time, the Village of Orland Park (“Village”) reviews its Code of Ordinances and its internal processes for compliance with all applicable laws and regulations in addition to changing business practices; and
WHEREAS, as such, the Village has undertaken to review certain aspects of the Code of Ordinances as it relates to procurement, and specifically bonding requirements; and
WHEREAS, the Village has determined that the current bonding requirements should be adjusted to accommodate more bidders and reflect current commercial standards; and
WHEREAS, the Corporate Authorities of the Village of Orland Park, an Illinois home rule municipality, deem it in the best interests of the Village and its residents to amend the Orland Park Village Code with regard to the bond requirements contained in the procurement section of the Code.
NOW, THEREFORE, Be It Ordained by the President and Board of Trustees of the Village of Orland Park, Cook and Will Counties, Illinois, an Illinois home rule municipality, as follows:
SECTION 1
That Title 1, Chapter 16, Section 1-16-3 (H) of the Orland Park Village Code is amended by amending and restating Section 1-16-3 (H) thereto, which shall read in its entirety as follows:
“H. Bid and performance bonds on supply or service contracts. Bid bonds, labor and materials payment bonds, and performance bonds or other security may be requested for supply contracts or service contracts as the Procurement Officer, in consultation with the appropriate department head or Village Manager, deems advisable to protect the Village's interests. All bonding requirements should be established in the bid or solicitation documents. Performance bonds shall be required for any public works construction project costing over $100,000.00. Bid bonds, labor and materials payment bonds, and performance bo...
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