R2019-75 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Dunn Company, A Division of Tyrolt, for Annual Street Restoration City Project 2019-08

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tilinois Department Local Agency of Transportation Proposal Bid Bond Route Various Streets County Macon RETURN WITH BID �oca�Agency City of Decatur Section 19-00908-00-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 assig�s,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;othenvise it shall remain in full force and effect. IN THE EVENT the LA determines the PRINCIPAL has failed to enter into a formai contract in compliance with any requireme�ts set forth in the preceding paragraph,then the LA acting through its awarding authority shall immediately be entitled to recover the full penai sum set out above,together with all court costs,aii 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 o�cers this $�h day of May,2019 Principal Dunn Company , C mpanv Name) (Companv Name) By• �_ gY: �� '�'��/(Signatur nd Title) ��'p� (Signature and Title) (if PRINCIPLE is a joint venture of two or more contractors,the company names,and authorized signatures of each contractor must be affixed.) Surety r t United Fire&Casualty Company gy; t (Name of Surety) Si ature of Attorney-in-Fact) STATE OF ILLINOIS, COUNTY OF Macon � Stacy R Standiey , a Notary Public in and for said county, do hereby certify that Blake E Allison (Insert names of individuals signing on behaif of PRINCIPAL&SURETY) who are each personaliy 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 8th day of May,2019 M commission ex ires May 25, 2021 I(,��, � ,�,�t u.��. y p � r "OFFICIAI SEAL" (Notary b�ic) STACY R STANDLEY --�------- --- ELECTRONIC BID BOND is ❑ Electronic bid bond is allowed (box must be checked by LA if electronic bid bond is allowe MY GOMMISSION EXPIRES 05-25•2021 The Principal may subrnit an electronic bid bond,in lieu of completing the above section of the Propos i o o . p vi m 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 (CompanylBidder Name) (Signature and Title) Date Page 1 of 1 BLR 12230(Rev.7l05 Printed on 5/1/2019 4:32:54 PM