R2018-93 Authorizing a Contact with Dunn Company for Annual Street Restoration Airport Road CP 2018-08

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' Illinois Department LocalAgency of Transportation Proposal Bid Bond Route Airport Rd County Macon RETURN WITH BID Local Agency City of Decatur Section 18-00808-00-FP PAPER BID BOND WE Dunn Company as PRINCIPAL, and United Fire&Casualty Company as SURETY, are held jointly,severally and firmly bound unto the above Local Agency(hereafter referred to as"LA")in the penal sum of 5%of the total bid price,or for the amount specified in the proposal documents in effect on the date of invitation for bids whichever is the lesser sum. We bind ourselves,our heirs, executors,administrators,successors,and assigns,jointly pay to the LA this sum under the conditions of this instrument. WHEREAS THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that,the said PRINCIPAL is submitting a written proposal to the LA acting through its awarding authority for the construction of the work designated as the above section. THEREFORE if the proposal is accepted and a contract awarded to the PRINCIPAL by the LA for the above designated section and the PRINCIPAL shall within fifteen(15)days after award enter into a formal contract,furnish surety guaranteeing the faithful performance of the work,and furnish evidence of the required insurance coverage,all as provided in the"Standard Specifications for Road and Bridge Construction"and applicable Supplemental ' Specifications,then this obligation shall become void;otherwise it shall remain in full force and effect. IN THE EVENT the LA determines the PRINCIPAL has failed to enter into a formal contract in compliance with any requirements set forth in the preceding paragraph,then the LA acting through its awarding authority shall immediately be entitled to recover the full penal sum set out above,together ' with all court costs,all attorney fees,and any other expense of recovery. IN TESTIMONY WHEREOF,the said PRINCIPAL and the said SURETY have caused this instrument to be signed by their respective officers this 9th day of July,2018 Principal r Dunn Com ny ( any a e) (Company Name) By: 2 By: ' ��"RINCIP S40ven7fAire nature and Title)'/�II� OR�Q� (Signature and Title) of two or more contractors,the company names,and authorized signatures of each contractor must be affixed.) Surety f'^ United Fire&Casualty Company By: (Name of Surety) (Signature of Attorney-in-Fact) STATE OF ILLINOIS, 1 COUNTY OF Macon 1. Glenda Hoffman a Notary Public in and for said county, do hereby certify that Robert E Dunn and Tim R Patton (Insert names of individuals signing on behalf of PRINCIPAL&SURETY) who are each personally known to me to be the same persons whose names are subscribed to the foregoing instrument on behalf of PRINCIPAL and SURETY,appeared before me this day in person and acknowledged respectively,that they signed and delivered said instruments as their free and voluntary act for the uses and purposes therein set forth. ' Given under my hand and notarial seal this 9th day of July,2018 My commission expires July 16, 2021 "OFFICIAL SEAL" ota Public) ' ELECTRONIC BID BOND Y COMMISSION EXPIRES 0716.2021 ❑ Electronic bid bond is allowed(box must be checked by LA if electronic bid bond is allow The Principal may submit an electronic bid bond, in lieu of completing the above section of the Proposal Bid Bond Form. By providing an electronic bid bond ID code and signing below,the Principal is ensuring the identified electronic bid bond has been executed and ' the Principal and Surety are firmly bound unto the LA under the conditions of the bid bond as shown above. (If PRINCIPAL is a joint venture of two or more contractors, an electronic bid bond ID code, company/Bidder name title and date must be affixed for each contractor in the venture.) ' Electronic Bid Bond ID Code (Company/Bidder Name) (Signature and Title) Date Page 1 of 1 BLR 12230(Rev.7/05 ' Printed on 6/28/2018 2:36:39 PM