The Illinois Municipal Code was amended which respect to the approval of maps, plats or subdivisions, specifying that if the county or a municipality such as Morton demands a bond or other security from a developer when seeking approval of a map, plat, or subdivision, the developer can file an irrevocable letter of credit, surety bond, or letter of commitment issued by a bank or insurance company and then the county or municipality cannot require a cash bond. If a developer already is providing a letter of credit, bond, or letter of commitment, but this change simply means that no other bond for the city will have to be provided.
Illinois Municipal Code Changes
101 N.E. Randolph Avenue
Peoria, IL 61606
Phone: 309.265.0812
Fax: 309.673.8759
Map & Directions
1811 S. Main Street
Eureka, IL 61530
Phone: 309.467.5457
Fax: 309.467.5448
Map & Directions
100 N. Main Street
Morton, IL 61550
Phone: 309.938.4296
Fax: 309.266.8759
Map & Directions
NOTE: Labels in bold are required.