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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 /> Pa Oa BOX 336 <br /> INDT NTOWN , FLORIDA 14956 ( 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) 1 ONE MILLION , EIGHT HUNDRED THIRTY— ONE THOUSAND , <br /> in the sum of THREE HUNDRED TWENTY— THREE & 01 / 100-- - -- -. . -- - Dollars ($ 1 , 831 , 323 . 01 ) , <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 2015�k , <br /> entered into between the Principal and the County of Indian River, for: <br /> Bond Number: 417 45 88 <br /> Project Name : 5 Street SW / 43`d Avenue Bridge Replacement and <br /> Intersection Improvements . $ % o IAe . QQc2015 <br /> County Project Number: 0206 <br /> Project Address : 5 1 H Street SW and 43 ` Avenue , Vero Beach , Florida . <br /> Project Description : The project will include the replacement of the 5 Street SW <br /> Bridge over the 43`d Avenue Indian River Farms Water <br /> Control District Canal . The work will include improvements <br /> to the 5th Street SW / 43 `d Avenue Intersection associated <br /> with the bridge replacement . The project will also include <br /> tree stump removal along the west side of 43`d Avenue <br /> adjacent to the proposed intersection Improvements . <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 /> 00612 - Payment Bond REV 04-07. doc <br /> 00612 - 1 <br /> CADocuments and SettingsyoannV ocal Settings\Temporary Internet Files\Content.Outlook\DW4VKPNA\00612 - Payment Bond REV 04-07.doc Rev. 05/01 <br />