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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 1 nn------_____ 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 assigns, jointly and severally, for the faithful performance
<br />4
<br />of a certain written Contract, dated the " day of Noye *g%Joc,! , 20 A Q ,
<br />entered into between the Principal and the County of Indian River, for:
<br />Bond Number:
<br />Project Name:
<br />County Project Number:
<br />Project Address:
<br />417 45 89
<br />0604
<br />12 Street Sidewalk from 43` Ave to 27 Ave.
<br />Project Description: The project 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
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