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BX : ' 2297 PG : 900
<br /> Bond : 534709P
<br /> SECTION 00612 • Payment Bond
<br /> KNOW ALL MEN BY THESE PRESENTS ;
<br /> BY THIS BOND, we
<br /> Timothy Rose Contracting , Inc .
<br /> 1360 SW Old Dixie Hwy .
<br /> Vero Beach FL 32962 772 - 564 - 7800 as Principal
<br /> (Contractor) ,
<br /> (Insert name , princlpal business address, and telephone number of PrincipallContractor)
<br /> and
<br /> Developers Surety and Indemnity Company
<br /> 150 South Pine Island Road ,, Ste 510
<br /> Plantation, FL 33324 954 - 693 - 0270 , 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 , 1801 , 27th Street, Vero
<br /> Beach , Florida 32960, (772-567 -8000) ,
<br /> in the sum ofone Hundred Thrity Seven Thousandtears ($ 1 37 , 1 11 . �36
<br /> amounting to /o J yment of said sum we bind ourselves, our
<br /> heirs, executors , administrators and assi ns, jointly an severalty, for the faithful performance
<br /> of a certain written Contract, dated the �dsy of 20.t&
<br /> entered into between the Principal and the County of Indian River, for.
<br /> Bond Number : 534709P
<br /> Project Name: Eagle Trace Subdivision-Phase II —
<br /> County Project Number: 0813
<br /> Project Address: Northeast Corner of Kings Highway (58P Avenue) and 61 °
<br /> Street
<br /> Project Description : The project will consist of the completion of the remaining
<br /> improvements In Eagle Trace Subdivision -Phase 11 . These
<br /> improvements will include but not necessarily be limited to
<br /> utilities, paving , drainage, grading, landscaping and
<br /> irrigation work.
<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 REV 04-07.doc
<br /> 00612 - 1
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<br /> CERTIFICATION ON LAST PAGE
<br /> JX BARTON, CLERK
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