|
SECTION 00612 = Payment Bond
<br /> KNOW ALL MEN BY THESE PRESENTS :
<br /> BY THIS BOND , we
<br /> SHELTRA & SON CONSTRUCTION CO , , INC .
<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 2 5 j nn---- - Dolfars ($ 3039431 . 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 assigns , jointly and severally , for the faithful performance
<br /> 4
<br /> of a certain written Contract , dated the " day of ye *g%Joc,! , 20 A Q ,
<br /> entered into between the Principal and the County of Indian River, for:
<br /> Bond Number: 417 45 89
<br /> Project Name : 12 Street Sidewalk from 43`d Ave to 27tt' Ave .
<br /> County Project Number: 0604
<br /> Project Address : 12 Street Sidewalk from 43 ` Ave to 27 Ave .
<br /> Project Description : The proiect consist of constructing a 6 ' concrete sidewalk
<br /> along the north right of way line which includes drainage
<br /> improvements in 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 promptly make payments to all claimants , as herein below defined , then this
<br /> obligation shall be void ; otherwise , this Bond shall remain in full force and effect , subject to the
<br /> following terms and conditions :
<br /> 1 . A claimant , as defined in Florida Statutes Section 255 . 05 ( 1 ) , supplying Principal with
<br /> labor, materials , or supplies , used directly or indirectly by Principal in the prosecution
<br /> of the Work provided for in the Contract .
<br /> 2 , Florida Statutes Section 255 . 05 (2002 ) , as amended from time to time , together with
<br /> all notice and time provisions contained therein , is incorporated herein in its entirety
<br /> by this reference .
<br /> 00612 -Payment Bond .doc
<br /> 00612 - 1
<br /> CADocuments and SettingsNoannIocal Settings\Temporary Internet FileslContent.Outlook\DW4VKPNA\00612 -Payment Bond. doc Rev. 05/01
<br />
|