R2021-118 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Dunn Company, A Division of Tyrolt, Inc. for Annual Street Restoration, City Project 2021-08

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111inois Department Local Agency hof Transportation Proposal Bid Bond Route Various Streets County Macon RETURN WiTH BID Local Agency City of Decatur Section 21-00108-00-FP PAPER BID BOND WE Dunn Company,a division of Tyrolt,Inc. as PRINCIPAL, and United Fire&Casualty Company as SURETY, are heldjointly,severally and firmly bound unto the above Local Agency(hereafter referred to as'LA')in the penal sum of 596 of the total bid price,or for u 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 helm. executors,admtnatrators,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 constriction orthe wok 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 shag within fifteen(15)days after award enter Into a formal caltrad,furnish surely 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 Constntellorf and applicable Supplemental Spectlicallons,then this obligation shag become void;otherwise it shag remain In fug 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 foram In the preceding paragraph,then the LA acting through its awarding aulhorgy shag immediately be entitled to recover the fug penal sum set out above,together with all cant costs,all attorney fees,and any other expense of recovery. IN TESTIMONY WHEREOF,time said PRINCIPAL and the said SURETY have caused ids instrument to be signed by their respective officers this 16th day of June,2021 Principal Dunn Compan vision of Tyrolt,Inc. f Y nue) (Conweny Hamel By: By: (Srgnaturaanu Twe)David M.Peck,CFO (Signature and Title) (d PRINCIPAL B a joint venture of two or more contractors,the company names,and authorized signature of each contractor must be afgred.) Surety e United Fire&Casualty Company By: (Name of surety) (S ature of Anomay-kWad) STATE OF ILLINOIS, Blake E Allison,A orney-in-Fact COUNTY OF Macon i, Catherine L Ater ,a Notary Public in and for said county, do hereby certify that David M Peck&Blake E Allison (Insert names or Mdrhduals 09rdng an behall of PRINCIPAL b SURETY) who are each personally known to me to be the same persons whose names are subscribed to the foregoing Instrument on behalf or PRINCIPAL and SURETY,appeared before me ftds day In person and acknowledged respectively,that they signed and delivered sold Instruments as their free and voluntary act for the uses and purposes therein set forth. Given under my hand and notarial seal this 16th day of June.2021 !'--- ^FICIAL^-~• -- My commission expires 5/7/20231 CATHERt�' TER (Notary Public) 1,401ART PUSE10 1LUN018 ELECTRONIC R-n BONG LW i, "''•N,2023 ❑ 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,time 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,cornparty/Bidder name title and date must be affixed for each contractor in the venture.) 6eebonic Bid Send ID Code (Company/Bidder Name) (Signature and Title) Date Page 1 of 1 BLR 12230(Rev.7005 Printed on 21120202110:38:01 AM