Bolingbrook, IL · Will County
Irrevocable Letter of Credit
This letter of credit secures required project improvements and is prepared by a bank for a developer submitting it to the Village of Bolingbrook.
What this form is
This letter of credit secures the installation of improvements required for a project under Village ordinances. It identifies the developer, project, amount, expiration date, and bank, and sets out when the Village may draw on the credit if improvements are incomplete, amounts remain unpaid, or renewal requirements are not met. The bank provides the signed commitment.
Who needs it
A developer whose project requires improvements under Village ordinances needs a bank to prepare this letter of credit for the Village.
How to submit it
Submit it to the city department named on the form; check the city website for current contact details.
About notarization
This document is signed without a notary; no notarized attachment or sworn step is identified, so the bank representative signs and dates it.
How to submit this form
- 1
Download The PDF
Download the Irrevocable Letter of Credit PDF.
- 2
Complete The Letter
Have the bank provide the developer, project, amount, expiration date, and other requested details.
- 3
Gather Required Attachments
The document does not identify an attachment to include when submitting the letter.
- 4
Submit To The Village
Submit it to the city department named on the form; check the city website for current contact details.
Frequently asked questions
- What does the Irrevocable Letter of Credit secure?
- It secures the installation of improvements required for a project under Village ordinances and describes circumstances in which the Village may draw on the credit.
- Who prepares the letter of credit?
- The document is a bank commitment in favor of the Village. It includes spaces for the bank, developer, project, amount, expiration date, and bank representative's signature.
- Do I need a notary for the Irrevocable Letter of Credit?
- No. This document is signed without a notary, and it identifies no notarized attachment or sworn step; the bank representative signs and dates it.
- How do I submit the Irrevocable Letter of Credit?
- Submit it to the city department named on the form; check the city website for current contact details.
Need something notarized?
This Irrevocable Letter of Credit doesn’t need a notary — but Illinois residents can notarize other documents online with a commissioned online notary.