R2013-69 ACCEPTING THE BID AND AUTHORIZING THE EXECUTION OF A CONTRACT

Home Browse Search

A RETURN WITH BID unless o(hcr form of bid dgmsit i.s Fling wbmi61etl BID BOND—DIVISION C: KNOW Ail,MEN BY THESE PRESEN'T'S, that we,the undersigned, Hoerr Construction Inc. as Principal,anddest Bend Mutual Insurance Odkpargyare hereby held and firmly bound unto the CITY OF DECATUR,ILLINOIS as OWNER in the penal sum otl'en Percent of bid for the payment of which,well and truly to he made, we hcrchy jointly and severally bind ourselves, successors and assigns. Signed,this 21st day of June ,2013. The Condition of the above obligation is such that whereas the Principal has submitted to the CITY OF DECATUR, ILLINOIS a certain BID, attached hereto and hereby made a pan hereof to enter into a contract in writing, for the LAKE SHORE DRiVE SEWER REHABILITATION,CITY PROJECT 2012-06,L17-4873—DIVISION C. NOW,THEREFORE, (a) If said BID shall he rejected,or (b) If said BID shall be accepted and the Principal shall execute and deliver a contract in the Form of Contract attached hereto (properly completed in accordance with said BID) and shall furnish a BOND for his faithful performance of said contract, and for the payment of all persons performing labor or furnishing materials in connection therewith, and shall in all other respects perform the agreement created by the acceptance;of;aid AID, then this obligation shall he void, otherwise the same shall remain in force and effect; it being expressly understood and agreed that the liability of the Surety for any and all claims hereunder shall, in no event, exceed the penal amount of this obligation as herein stated. The Surety, for value received, hereby stipulates and agrees that the obligations of said Surety and its BOND shall be in no way impaired or affected by any extension of the time within which the OWNER may accept such BID;and.aid Surety docs herby waive notice of any such extension. IN WITNESS WHEREOF, the Principal and the Surety have hereunto set their hands and seals, and such of them as are corporations have caused their corporate seals to he hereto affixed and these present. to he signed by their proper officers,the day and year 6-rskW ' t b n on (L.S.) Principal West Be Mutu 1 Insurance Co pany Surety By: , Ronald A Koopman IWORTANT - Suretv com anies executine BONDS must apnear on the Treasury De art en mnA current list Circular 570 as amended and be authorized-w-transactbusiness in the state of Ill' ois. CITY 2012-06113GM 12-043 Bid Bond Div. C,Page 1 of 1