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THE AMERICAN INSTITUTE OF ARCHITECTS ALA Document A310 Bid Bond BOND # BB02057 KNOW ALL MEN BY THESE PRESENTS, thatwe Timothy Rose Contracting , Inc . 1360 SW Old Dixie Hwy . , Ste 106 (Here insert [WI name ,and address or kept title of Contractor) Vero Beach , FL 32962 as Principal, hereinafter called the Principal, and Developers Surety and Indemnity Company a corporation duly organized under the laws of the State of :Iowa as Surety, hereinafter called the Surety, are held and firmly boundunto Indian River County (Here ir8rtOfullnwoc .&Dladddrresssso lleerAlditle foVo�o Beach , fL as Obligee, hereinafter called the Obligee, in the sum of Five Percent of Amount Bid -Dollars ($ 5 %) , for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, Firmly by these presents. WHEREAS, the Principal has submitted a bid for Eagle Trace Subdivision Phase II IRC # 0813 - 2008074 (Hem insert full name, address and description of project) NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee in accordance with the terms of such bid and give such bond or bonds . as may specified in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in 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 Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said bid then this obligation shall be null and void, otherwise to remain in fill force and effect. Signed and sealed this 8 day of September 2008 Timothy_ R_ e Contracting , Inc . t(princi 3 _ .0eal) 1( itneWss e imot y se President D v lopersf topersurety and Indemnity Company S e (Seal) man k ( Witness) (Title)Robert Barra Attorney In Fac `- AIA DOCUMENT A310 BID BOND AIA O FEBRUARY 1970 ED THE AMERICAN INST7 UTF OF ARCI-IITGCrS, 1735 N.Y. AVE., N.W. WASHINGTON, D.C. 20006 1 WARNING: Unlicensed photocopying violates U.S. copyright laws and is subject to legal prosecution.