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THE AMERICAN INSTITUTE OF ARCHITECTS <br />ALA Document A310 <br />Bid Bond <br />BOND# BB02068 <br />KNOW ALL MEN BY THESE PRESENTS, that we Timothy Rose Contracting, Inc. <br />1360 SW Old Dixie Hwy., Ste 106 <br />(Rom inunM,am,"d,d&*&SQrkwltide pf wr) Vero Beach, FL 32962 <br />as Principal, hereinafter called the Principal, and Developers Surety and Indemnity Company <br />a corporation duly organized under the laws of the States of ;I owa as Surety, hereinafter called the Surety; are held and firmly <br />boundunto Indian River County Board of County Commissioners <br />1800 27 Street, Vero Beach, FL 32960 <br />t�i�ltW AWa or orot telpi <br />as Obligee, hereinafter called the Obligee, in the sum of Five Percent of Amount Bid -Dollars ($ 50A), for the payment <br />of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, <br />successors and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, the Principal has submitted a bid for 6' concrete sidewalk along the north right <br />of way line of 12 street from 16 Avenue to <br />11 Place utero i oat N name, ad&m and description of p%iacs) <br />NOW, THEREFORE, if the Obligee shall.accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee <br />in accordance with the terms of such bid and give such bond or bonds as maybe specified in thebidding or Contract Documents with <br />good and sufficient surety for the faithful performance of such. Contract and for the prompt payment of labor and material furnished in <br />the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the <br />Principal shall pay to the Obligee the difference not to exceed the penalty.hereofbetween the amount specified in said bid and such <br />larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said bid then this <br />obligation shall be null and void, otherwise to remain in full force and affect. <br />Signed and sealed this 8 day of October 2008 <br />iNS1111 F OF ARCHITECTS, 1735 N.Y. AVE., N.W. WASHINGCON, D.0 20006 1 <br />WARNING: Unlicensed photocopying violates US, copyright taws And is subject to legal prosecution. <br />pany <br />