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SECTION 00610 - Performance Bond 1959950
<br />THIS DOCUMENT HAS BEEN
<br />RECORDED IN THE PUBLIC RECORDS
<br />OF INDIAN RIVER COUNTY FL
<br />KNOW ALL MEN BY THESE PRESENTS: BK: 2304 P0:24750 Papel of 10
<br />BY THIS BOND, we
<br />11 /21/2008 at 10:15 AM,
<br />SHELTRA & SON CONSTRUCTION CO., INC. JEFFREY K BARTON, CLERK OF COURT
<br />P. 0. BOX 336
<br />INDIANTOWN, FLORIDA 34956 (772) 597-3180 as Principal
<br />(Contractor),
<br />(Insert name, principal business address, and telephone number of Principal/Contractor)
<br />and
<br />GREAT AMERICAN INSURANCE COMPANY
<br />580 WALNUT STREET
<br />CINCINNATI, OHIO 45202 (800) 331-3379 a corporation,
<br />as Surety,
<br />(Insert name, principal business address, and telephone number of Surety)
<br />are held and firmly bound unto the County of Indian River, Florida, 1800, 27th Street, Vero
<br />Beach, Florida 32960, (772-567-8000), THREE HUNDRED THREE THOUSAND
<br />in the sum of FOUR HUNDRED THIRTY—ONE AND 25/100-------- Dollars ($ 303.431.25),
<br />amounting to 100% of the total bid price. For the payment of said sum we bind ourselves, our
<br />heirs, executors, administrators and assi ns, jointly and severally, for the faithful performance
<br />of a certain written Contract, dated the day of N e tae 0.6 _tr , 20-a
<br />entered into between the Principal and the County of Indian River, for:
<br />Bond Number:
<br />Project Name:
<br />417 45
<br />To]
<br />County Project Number:
<br />Project Address: 12th S
<br />Project Description: The ProJect consist of the of construction of a 6' concrete sidewalk along
<br />the north right of way line of 1 21n St. from 43rd Ave to 27 Ave which includes drainage
<br />improvements maintained by Indian River County, Florida.
<br />A copy of said Contract is incorporated herein by reference and is made a part hereof as if fully
<br />copied herein.
<br />NOW, THEREFORE, THE CONDITIONS OF THIS OBLIGATION ARE SUCH, that if the
<br />Principal shall in all respects comply with the terms and conditions of said Contract and its
<br />obligations thereunder, including all of the Contract Documents therein referred to and made a
<br />part thereof, and such alterations as may be made in the Contract Drawings and Specifications
<br />as therein provided for, and shall indemnify and save harmless the County of Indian River
<br />against and from all expenses, damages, injury or conduct, want of care of skill, negligence or
<br />default, including patent infringement on the part of the Principal, his agents or employees, in
<br />the execution or performance of said Contract, including errors in the Drawings furnished by the
<br />Principal, and further, if the Principal shall promptly make payments to all who supply him with
<br />labor and/or materials used directly or indirectly by the Principal in the prosecution of the Work
<br />provided for in said Contract, then this obligation shall be null and void; otherwise, the Principal
<br />and Surety, jointly and severally, agree to pay the County of Indian River any difference
<br />between the sum that the County of Indian River may be obliged to pay for the completion of
<br />00610 - Performance Bond.doc
<br />00610-1
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