Municipal Services Committee Meeting Agenda September 22, 2025
City Moves to Call Jade Residence Maintenance Bond
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Description
City staff propose declaring a default on Markel Insurance’s one-year public improvement maintenance bond for the Jade Residence project and demanding $97,499.20 due to incomplete landscape restoration. The action addresses noncompliance with approved landscape plans and erosion impacts on adjacent stormwater facilities.
Contract Details
Contract Amount
$97,499.20
Vendor
MARKEL INSURANCE
Agency
City of Darien, IL
Contract Type
INSURANCE
Document Date
September 22, 2025
Contract Term
One-Year Public Improvement Maintenance Bond through September 15, 2025
Renewal Date
2025-09-15
Renewal Info
One-year maintenance bond accepted by the City on September 16, 2024 and expiring September 15, 2025; current action is to declare default and call the bond rather than renew.
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