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R2013-69 ACCEPTING THE BID AND AUTHORIZING THE EXECUTION OF A CONTRACT
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R2013-69 ACCEPTING THE BID AND AUTHORIZING THE EXECUTION OF A CONTRACT
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Last modified
8/17/2015 2:51:40 PM
Creation date
8/17/2015 2:41:23 PM
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Resolution/Ordinance
Res Ord Num
R2013-69
Res Ord Title
ACCEPTING THE BID AND AUTHORIZING THE EXECUTION OF A CONTRACT FOR A SEGMENT OF LAKE SHORE DRIVE SEWER REHABILITATION PROJECT - DIVISION C
Department
Public Works
Approved Date
7/1/2013
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RETURN WTTH BID <br /> unless other forth of bid <br /> detx)sit is being submitted <br /> BID BOND—DIVISION B <br /> KNOW ALL MEN BY THESE PRESENTS, that we,the undersigned,Hoerr Construction Inc. <br /> as Principal,andWest Bend Mutual Insurance afvftFb* 3&rc hcrchy held and firmly hound unit) <br /> the CITY OF DECATUR,ILLINOIS as OWNER in the penal sum ofTen Percent of bid for <br /> the payment of which,well and truly to he made,we hereby jointly and severally bind ourselves, <br /> successors and assigns. <br /> Signed,this 21 s t day of June 2013. <br /> The Condition of the above obligation is such that whereas the Principal has submitted to the CITY OF <br /> DECATUR, ILLINOIS a certain BID, attached hereto and hereby made a part hereof to enter into a <br /> contract in writing, for the LAKE SHORE DRIVE SEWER REHABILITATION, CITY PROJECT <br /> 2012-06,L17-4873—DIVISION B. <br /> NOW,THEREFORE, <br /> (a) If said BID shall he rejected,or <br /> (b) If said BID shall be accepted and the Principal shall execute and deliver a contract in the <br /> Form of Contract attached hereto (properly completed in accordance with said BID) and <br /> shall furnish a BOND for his faithful performance of said contract, and for tite payment of <br /> all persons performing labor or fumishing materials in connection therewith,and shall in all <br /> other respects perform the agreement created by the acceptance of said BID, <br /> then this obligation shall he void, otherwise the same shrill remain in force ;and effect; it being expressly <br /> understood and agreed that the liability of the Surety for any and all claims hereunder shall, in no event, <br /> exceed the penal amount of this obligation as herein stated. <br /> The Surety, for value received, hcrchy stipulates and agrees that the obligations of said Surety and its <br /> BOND shall be in no way impaired or affected by any extension of the time within which the OWNER <br /> may accept such BID;and said Surety does hereby waive notice of any such extension. <br /> 1N WITNIM WHEREOF, the Principal and the Surety have hereunto set their hands and seals, and <br /> such of them as are corporations have caused their corporate seals to be hereto affixed and these presents <br /> to be signed by their proper officers,the day and year first set. o ' 'a struction Inc. <br /> rincip:il <br /> est end Mutual I surance Company <br /> Sure <br /> By: e07�Q) <br /> Ronald A Koopm n <br /> IMPORTA - Surety com anies executing BONDS must a0pear on the Treasu en ment's most <br /> current list .ircular 5-7j)as amended and be;authorized t►transact businek-b in the sta of i linois. <br /> CITY 2012-06/ BGM 12-043 Bid Bond Div. B, Page 1 of'I <br />
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