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' oa <br /> Illinois Department Local Public Agency <br /> r <br /> ' of Transportation Proposal Bid Bond <br /> Local Public Agency County Section Number <br /> City of Decatur IL— macon —A 22-oo237-clo,—Lo�1 <br /> WE, KINNEY CONTRACTORS INC. as PRINCIPAL and <br /> Selective Insurance Company Of America as SURETY,are held jointly, <br /> 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 <br /> 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 <br /> bind ourselves,our heirs,executors,administrators,successors,and assigns,jointly pay to the LPA this sum under the conditions of this <br /> ' instrument. <br /> WHEREAS THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that,the said PRINCIPAL is submitting a written <br /> proposal to the LPA acting through its awarding authority for the construction of the work designated as the above section. <br /> THEREFORE if the proposal is accepted and a contract awarded to the PRINCIPAL by the LPA for the above designated section <br /> and the PRINCIPAL shall within fifteen (15)days after award enter into a formal contract,furnish surety guaranteeing the faithful <br /> performance of the work,and furnish evidence of the required insurance coverage,all as provided in the"Standard Specifications for Road <br /> and Bridge Construction"and applicable Supplemental Specifications,then this obligation shall become void;otherwise it shall remain in <br /> full force and effect. <br /> IN THE EVENT the LPA determines the PRINCIPAL has failed to enter into a formal contract in compliance with any <br /> requirements set forth in the preceding paragraph,then the LPA acting through its awarding authority shall immediately be entitled to <br /> recover the full penal sum set out above,together with all court costs,all attorney fees,and any other expense of recovery. <br /> ' IN TESTIMONY WHEREOF,the said PRINCIPAL and the said SURETY have caused this instrument to be signed by their <br /> respective officers this 6th of November 2023 <br /> Day Month and Year <br /> Principal <br /> ' <br /> Company Name CompanV Name <br /> KINNEY CONTRACTORS INC. N/A <br /> Signatwrd Date' Signature Date By. J/ Z,__� /TBy.6��� <br /> ' Title Title <br /> -r-e- <br /> �' <br /> (if Principal is a joint venture of two or more contractors,the company names,and authorized signatures of each contractorimust be <br /> i <br /> affixed.) <br /> ' Surety <br /> Name of Surety Signature of Attome -in-Fact Date ; <br /> Selective Insurance Company Of America By: <br /> ' STATE OF Wisconsin /,;. I 3 <br /> Samuel Duchow <br /> COUNTY OF St. Croix <br /> Molli Hansen a Notary Public in and for said county do hereby certify that. <br /> Samuel o <br /> (Insert names of individuals signing on behalf of PRINCIPAL&SURETY) <br /> ' who are each personally known to me to be the same persons whose names are subscribed to the foregoing instrument on behalf of <br /> PRINCIPAL and SURETY,appeared before me this day in person and acknowledged respectively,that they signed and delivered said <br /> instruments as their free and voluntary act for the uses and purposes therein set forth. <br /> Given under my hand ar.;ad rigti�` �ahfhi$ 6th day of November 2023 <br /> /0 -Is Day Month and Year <br /> Q �&w Nota lic Si natur <br /> 0. <br /> (S LOOA�SEN <br /> �1PN Zr <br /> Date commission expires _ t-2024 <br /> 1411,47E 4F vJgS� <br /> tPrinted 06/03/21 Page 1 of 2 BLR 12230(Rev.01/21/21) <br />