R2021-106 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Kinney Contractors, Inc. for Concrete and Brick Street Rehabilitation, City Project 2021-11

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' Local Agency Minds w"eA Proposal Bid Bond of T1tSpdCfat1C1 ' Route Various Streets County Macon ' RETURN WITH BID Local Agency City of Decatur Section 21-00111-00-RP PAPER BID BOND ' WE Kinney Contractors Inc. 19342 East Frontage Road, Raymond, IL 62560 as PRINCIPAL, and Western Surety Company 151 N. Franklin Street, Chicago, IL 60606 as SURETY, e are held jointly,severally and firmly bound unto the above Local Agency(hereafter referred to as"LAI 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 shaft within fifteen(15)days after award enter into a formai 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 24th day of May, 2021 Principal Kinney Contractors, Inc. ' Li (Can Na omD ams) By By: William L. Kimsey, President (Signature I d Tale) (Signature and Title ' (if PRINCIPLE is a joint venture of two or more contractors,the company no ,and authorized signatures of each actor must be affixed.) Surety Western Surety Company By. (Name of Surety) Ta ra Holman (Signature of Attorney-in-Fact) STATEOF Illinois , COUNTY OF Ma 1 KOA"PC,.. A, &LLI'& " ,a Notary Public in and for said county, ' do hereby certify that �- and Taffra S. Holman e (Insect names of individuals signing on behaM of PRINCIPAL&SURETY) who a ersonali known tome to be the same rsons whose names are subscribed to the foregoing Instrument on behalf of PRINCIPAL and SURE u a on an r edged respectively,that they signed and delivered said instruments as their free and ' volun act for the useodlwes��rein set forth. KAT#C~0A mid notarial at this 24th day of May, 2021 MyUIIC,STATE OF ILLINOIS EXPIRES (Notary Public) ELECTRONIC BID 0 Electronic bid bond Is allowed(box must be checked by LA if electronic bid bond is allowed) 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 PMcipat 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 BIR 12230(Rev.7105)