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BK : 1830 PG : 2218
<br /> SECTION 00612
<br /> j PAYMENT BOND
<br /> KNOW ALL MEN BY THESE PRESENTS:
<br /> BY THIS BOND, we
<br /> Summit Construction Management , Inc .
<br /> r venue , Suite
<br /> aroac794 - 2099
<br /> (Contractor), as Principal
<br /> (Insert name, principal business address, and telephone number of Principal/Contractor)
<br /> and
<br /> Old Republic Surety Company b, Old Republic Insurance Compan
<br /> ox 415581 winter Park ,
<br /> ( 407 ) 577 - 008u�
<br /> , a corporation ,
<br /> as Surety. Il-" ity OE Old Rpitic a=t-y anwy is lindt ed to $3,6081000.00
<br /> (Insert name. bustnsa � a re a tend 9 mbar oiISuretv)� to
<br /> M.� .OD
<br /> are held and firmly cbo.�unndctunto the County of Indian River, Florida , 1840, 25th Street, Vero
<br /> Beach, Florida 32960, (772-567-8000)1 Sesr��t
<br /> in the sum of Four Million Three Htmdred Forty-Seven Thousan&4Five nzideed uO>rarse
<br /> ($ 41347 t 571 . 00 ), amounting to 100% of the total bid price. For the payment of said sum we
<br /> bind ourselves, our heirs, executors , administrators and assigns , jointly and severally, for the
<br /> JanIMP ul performance of a certain written Contract, dated the 18th day of
<br /> ( 1 2003 . entered into between the Principal and the County of Indian River, for:
<br /> ! J Bond Number. OCN549556
<br /> Project Name: Indian River County Department of Utility Services . Operations Complex
<br /> • IRCDUS Project Number. UCP #2229
<br /> Project Address: 4355 41 " Street Vero Beach, FL 32967
<br /> Project Description: Provide all labor, equipment, materials, facilities and services to complete
<br /> the following: clear and grub approximately 19.5 acres of overgrown citrus grove; excavate
<br /> approximately 27 , 000 c.y. of dry material and 19,500 c. y. of "wet" material with all soils to be
<br /> kept on-site; stockpile and exchange approximately 12 , 500 c.y. of unsuitable fill material with
<br /> excavated 'wet' material; import approximately 3 ,000 c. y. of general fill; grade and shape entire
<br /> 19.51 acres; prepare two building pads with total footprints of approximately 31 , 379 s .f. ;
<br /> underground sewer, potable water, electric service, communications and irrigation ;
<br /> approximately 22,703 s.y. of asphalt pavement and 1 ,445 s . y. of concrete pavement with
<br /> associated subgrades and base; sidewalk; equipment pads and equipment; site lighting; traffic
<br /> control and parking spaces; fencing and access control; sodding, seeding , mulching and
<br /> landscaping ; one 19,649 s .f. metal framed warehouse ; and one 11 , 730 s .f metal framed office
<br /> building. _
<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 /> IRC OPERATIONS COMPLEX 00612 — Payment Bond
<br /> 00612 - 1
<br /> • A TRUE COPY
<br /> CERTIFICATION ON LAST PAGE
<br /> J , K, BARTON, CLERK
<br />
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