R2024-29 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Reyhan Bros., Inc. dba Sangamo Construction Company and Appropriating Motor Fuel Tax Funds for the West Mound Road Bridge over Stevens Creek

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ono OfIllinois Department Contract Bond o Transportation BOND NO. B3288649 Local Public Agency County Street Name/Road Name Section Number City of Decatur Macon Mound Road (FAU 7359) 19-00935-00-BR Bond information to be returned to Local Public Agency at One Gary K Anderson Plaza Complete Address We,Sangamo Construction Company 2100 East Moffat Avenue Springfield, IL 62702 Contractor's Name and Address ' a/an Corporation organized under the laws of the State of Illinois as PRINCIPAL,and State The Cincinnati Insurance Company ' Surety Name and Address as SURETY, are held and firmly bound unto the above Local Public Agency(thereafter referred to as"LPA")in the penal sum of Three Hundred Ninety-four Thousand, Nine Hundred Forty-Eight Dollars and 89/100--------------------------------------- ' Dollars( $394,948.89 )lawful money of the United States,to be paid to said LPA,the payment of which we bind ourselves, successors and assigns jointly to 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 has entered into a written contract with the LPA acting through its awarding authority for the construction of work on the above sections,which contract is hereby referred to and made a part hereof, as if written herein at length, and whereby the said Principal has promised and agreed to perform said work in accordance with the terms of said contract,and has promised to pay all sums of money due for any labor, materials, apparatus,fixtures or ' machinery furnished to such Principal for the purpose of performing such work and has further agreed to pay all direct and indirect damages to any person,firm, company or corporation to whom any money may be due from the Principal, subcontractor or otherwise for any such labor, materials, apparatus,fixtures or machinery so furnished and that suit may be maintained on such bond by any such person,firm,company or corporation for the recovery of any such money. NOW, THEREFORE, if the said Principal shall perform said work in accordance with the terms of said contract, and shall pay all sums of money due or to become due for any labor, materials, apparatus,fixtures or machinery furnished to it for the purpose of constructing such ' work, and shall commence and complete the work within the time prescribed in said contract, and shall pay and discharge all damages, direct and indirect,that may be suffered or sustained on account of such work during the time of the performance thereof and until the said work shall have been accepted, and shall hold the LPA and its awarding authority harmless on account of any such damages and shall in all respects fully and faithfully comply with all the provisions, conditions and requirements of said contract,then this obligation shall be void; ' otherwise it shall remain in full force and effect. IN TESTIMONY WHEREOF, the said PRINCIPAL and the said SURETY have caused this instrument to be signed by their respective ' agents this 24th day of January 2024 Day Month and Year PRINCIPAL ' Company Name Company Name Sangamo Construction Company The Cincinnati Insurance Company By By Signature&Title Date Signature&Title Date Attest Attest ' Si nature&Title Date Signature&Title Date 011Zqu� ' (If PRINCIPAL is a joint venture of two or more contractors, the company names and authorized signature of each contractor must be affixed.) tPrinted 01/23/24 Page 1 of 2 BLR 12321 (Rev.03/10/21)