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L <br /> SECTION 00612 - Payment Bond <br /> KNOW ALL MEN BY THESE PRESENTS : <br /> BY THIS BOND , we <br /> as Principal <br /> (Contractor) , <br /> ( Insert name , principal business address , and telephone number of Principal/Contractor) <br /> and <br /> 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 of Dollars <br /> amounting to 100 % of the total bid price . For the payment of said sum we bind ourselves , our <br /> heirs , executors , administrators and assigns , jointly and severally , for the faithful performance of <br /> a certain written Contract , dated the day of , 20 , entered <br /> into between the Principal and the County of Indian River, for: <br /> Bond Number: <br /> Project Name : Eagle Trace Subdivision- Phase II <br /> County Project Number: 0813 <br /> Project Address : Northeast Corner of Kings Highway (581Avenue ) and 61St <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 irrigation <br /> 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 <br /> F:\Engineedng\Special Projects\Eagle Trace Phase 2\Contract Documents\Eagle Trace Subdivision Phase II\00612 - Payment Bond REV 04-07.doc Rev. 05101 <br />