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THE AMERICAN INSTITUTE OFA <br /> L <br /> r Bond No . 08934252 <br /> A1A Document A311 <br /> Labor and Material Payment Bonq <br /> d <br /> THIS BOND IS ISSUED SIMULTANEOUSLY WITH PERFORMANCE BOND IN FAVOR OF THE <br /> 3: <br /> OWNER CONDITIONED ON THE FULL AND FAITHFUL PERFORMANCE OF THE CONTRACT <br /> KNOW ALL MEN BY THESE PRESENTS : that Ocean Gate General Contractors, Inc. <br /> (Here insert full name and address or legal title of Contractor) <br /> r ; 2854 SE Federal Hwy, Stuart, FL 34994 <br /> as Principal, hereinafter called Principal, and, Fidelity and Deposit Company of Maryland <br /> 1400 American Lane , Tower- I , 19th Floor,. . .Schaumburg , IL 60196-1056 reinsert full name and address or legal title of Surety) <br /> " as Surety, hereinafter called Surety, are held and firmly bound unto Indian River County Board of County <br /> Commissioners (Here insert full name and address or legal title of Owner) <br /> a 1801 27th Street, Vero Beach , FL 32960 <br /> as Obligee, hereinafter called Owner, for the use and benefit of claimants as hereinbelow defined, in the <br /> 11110 amount of Eight Hundred Fifty Eight Thousand Two Hundred Dollars and 44/100 <br /> (Here insert a sum equal to at least one-half of the contract price) Dollars ($ . 8589200644 <br /> for thea <br /> p yment whereof Principal and Surety bind themselves, their heirs, executors, administrators, <br /> a successors and assigns, jointly and severally, firmly by these presents. <br /> WHEREAS , <br /> Principal has by written agreement datedJuly 1 , 2008 <br />.r <br /> for , . entered into a contract with Owner <br /> (Hen Insert UA rwne, address and description of proJeco <br /> Wabasso Beach Park Restoration ; Project No . 0612 <br /> in accordance with Drawings and Spec ifications 'prepared by Donadio & Associates Architects P.A. <br /> ofem ,.read Ur1 name and address or Iagw two orArd eaeq <br /> a 609 17' Street, Vero Beach , FL 32960 <br /> which contract is by reference made a part h6reof, and Is hereinafter referred to as the Contract. <br /> a AIA DOCUNIMIrr A311 PERFORMANCE BOND AND LABOR AND MATERIAL PAYMENT BOND AIA <br /> FEBRUARY 1970 ED. THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 N.Y. AVE, N.W, WASHINGTON, D.C. 20008 <br />