R2023-170 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Dunn Company, a Division of Tyrolt, Inc. for Annual Street Restoration Project City Project 2023-08

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1�6hC)1Sp Local Public Agency Of Tr�nsportatiOn Proposal Bid Bond Local Public Agency County Section Number City of Decatur 11macon 23-00308-00-FP WE, Dunn Company, a division of Tyrolt, Inc. as PRINCIPAL,and United Fire & Casualty Company as SURETY,are held jointly, severally and firmly bound unto the above Local Public Agency(hereafter referred to as"LPA")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 LPA 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 LPA 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 LPA 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; otherwise it shall remain in full force and effect. IN THE EVENT the LPA determines the PRINCIPAL has failed to enter into a formal contract in compliance with any requirements set forth in the preceding paragraph,then the LPA 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 15th of August, 2023 Day Month an ear Principal Company Name Company Name Dunn Company, a division of Tyrolt, Inc. Si nature&Date Si nature&Date ' By. By. I l�T 8/15/23 ale Title David W Tyrolt, President (If Principal is a joint venture of two or more contractors,the company names,and authorized signatures of each contractor must be affixed.) Surety Name of Surety Si nature of Attorney-in-Fact Signature&Date I United Fire & Casualty Company STATE OF IL 8/15/L3' COUNTY OF MACON I Catherine L Ater a Notary Public in and for said county do hereby certify that David W Tyrolt and Wesley Shade (Insert names of individuals signing on behalf of PRINCIPAL&SURETY) who are each personally 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 15th day of August, 2023 Day Month and Year Notary1Puubblic Signature&Date *1ic (SEAL, if required by the LPA) 11e* 8/15/23 ' CATHERINE LATER Date commission expires May 7, 2027 NOTARY PUBLIC,NOTARY SEAL STATE OF ILLINOIS,MACON COUNTY COMMISSION 11894369 MY COMMISSION EXPIRES:MAY 07,2027 Completed 07/07/23 Page 1 of 2 BLR 12230(Rev.01/19/23)