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RESOLUTION NO. K (-I I <br /> RESOLUTION ACCEPTING THE BID AND AUTHORIZING THE EXECUTION <br /> OF A CONTRACT WITH DUNN COMPANY,A DIVISION OF TYROLT, INC. FOR <br /> 2023 LOCAL MOTOR FUEL TAX STREET IMPROVEMENT PROJECT <br /> CITY PROJECT 2023-25 <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section 1. That the tabulation of bids received for City Project 2023-25, Local Motor <br /> Fuel Tax Street Improvement Project, and presented to the Council herewith, be received and <br /> placed on file. <br /> Section 2. That the bid of Dunn Company, a Division of Tyrolt, Inc., in the amount of <br /> $1,082,728.25 be, and it is hereby, accepted and a contract awarded, accordingly. <br /> Section 3. That the Mayor and City Clerk be, and they are hereby, authorized and <br /> directed to execute a contract between the City of Decatur, Illinois, and Dunn Company, a <br /> Division of Tyrolt, Inc, attached hereto as Exhibit A and made part hereof, for said plan, in the <br /> amount of$1,082,728.25. <br /> Section 4. That at the end of the contract and after the City has verified and documented <br /> that Minority Business Enterprise expenditures met or exceeded twenty percent (20%) of the <br /> total contract value, the City will pay 2% of the final contract value up to a maximum of$50,000 <br /> as a bonus. <br /> PRESENTED and ADOPTED this 21 st day of August, 2023. <br /> �9�6�w <br /> Julie Moore Wolfe, Ma r <br /> ATTEST: <br /> *imthoff, Ci, rk <br />