R2022-41 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Insituform Technologies USA, LLC for 2022 Trenchless Long Lining Repairs Project

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�itn. uocument AJ1 U t"" - 1U1 U Bid Bond CONTRACTOR: SURETY: (Name,legal status and address) (Name,legal status and principal place of business) This document has Travelers Casualty And Surety Company Of important legal INSITUFORM TECHNOLOGIES USA,LLC America consequences. 17988 Edison Avenue One Tower Square Consultation with an Chesterfield,MO 63005 Hartford,CT 06183 attorney is encouraged with respect to its completion or OWNER: Mail Notices To: modification. (Name,legal status and address) Travelers Ci of Decatur,Illinois Attn:Surety Claim Dept. Any singular reference to 1 Gary K.Anderson Plaza One Tower Square 2S1A Contractor,surety, Decatur,IL 62523 Hartford,CT 06183 Owner,or other party shall be considered plural where applicable. BOND AMOUNT: Ten Percent of the Amount Bid-----------------dollars($10%of Amount Bid) PROJECT:2022 Trenchless Long Lining Repairs Project;Project No.2022-28 (Name,location or address,and Project number,if any) The Contractor and Surety are bound to the Owner in the amount set firth above, for the payment of which the Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns,jointly and severally, as provided herein.The conditions of this Bond are such that if the Owner accepts the bid of the Contractor within the time specified in the bid documents;or within such time period as may be agreed to by the Owner and Contractor, and the Contractor either(1)enters into a contract with the Owner in accordance with the terms of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof;or(2)pays to the Owner the difference, not to exceed the amount of this Bond,between the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perform the work covered by said bid,then this obligation shall he null and void, otherwise to remain in full force and effect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty(60)days in the aggregate beyond the time for acceptance of bids specified in the bid documents,and the Owner and Contractor shall obtain the Surety's consent for an extension beyond sixty(60)days. If this Bond is issued in connection with a subcontractor's bid to a Contractor,the term Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project,any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Si ed d sealed this 11h daly of February,2022. r (Pru+ al) (Seal) Chns"'a na a ; (Title t Ma 'C Contracting&-t1ises �vi'icer . tra ng A Attesting Off 1oer l ' (Sorettyy)) Gasea/ty And Surety Commmy Of America (Surety) (moi) (Witness)Ashley Miller, Witness i/--) L:L (Title)Andrew P. ho ttorrr y-Zn-Fact hA AIA Document A310T"—2010.Copyright @1963,1970 and 2010 by The American Institute of Architects.All rights reserved.WARNING: AIA Purchasers are permitted to reproduce ten(10)copies of this document when completed.To report copyright violations of AIA Contract Documents,e-mail The American Institute of Architects'legal counsel,01yright@aia.9,M. 061110