INSURANCEAMENDED

Village Modifies Bond Coverage for Fieldstone Improvements

The Village of Huntley authorizes release of the existing performance guarantee from RLI Insurance Company for the Fieldstone subdivision off-site improvements along Huntley-Dundee Road upon receipt of a one-year maintenance security of $54,379.82. The bond relates to public improvements valued at $543,798.20 and a current bond value of $1,580,256.41.

Status
AMENDED
Document date
August 13, 2026
Contract type
INSURANCE
Vendor
Rli Insurance Company
Agency
Huntley Village · IL

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WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Bond # CMS0359473; Current Bond Value $1,580,256.41; Maintenance security required $54,379.82; Overall public improvement value $543,798.20
Contract type
INSURANCE
Contract term
One (1) year maintenance security term
Renewal
Performance security for off-site improvements is to be released and replaced by a one-year maintenance security in the amount of $54,379.82. No further renewal provisions are stated.
Document type
Agenda
Source document
Village of Huntley Agenda Summary Consideration – Ordinance Accepting Off-Site Public Improvements for Huntley-Dundee Road Related to the Fieldstone Subdivision 2026-08-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by Huntley Village?

Rli Insurance Company was awarded this insurance contract by Huntley Village, as recorded on August 13, 2026. The contract value is Bond # CMS0359473; Current Bond Value $1,580,256.41; Maintenance security required $54,379.82; Overall public improvement value $543,798.20.

How much is the Rli Insurance Company contract with Huntley Village worth?

The Rli Insurance Company contract with Huntley Village is valued at Bond # CMS0359473; Current Bond Value $1,580,256.41; Maintenance security required $54,379.82; Overall public improvement value $543,798.20, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Village of Huntley Agenda Summary Consideration – Ordinance Accepting Off-Site Public Improvements for Huntley-Dundee Road Related to the Fieldstone Subdivision 2026-08-13 (Agenda), dated August 13, 2026 from Huntley Village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rli Insurance Company hold?

Rli Insurance Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Huntley Village currently buying?

Explore Huntley Village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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