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SECTION 00612 <br /> PAYMENT BOND <br /> THIS IS AN INSTRUCTION , NOT PART OF THE BOND The bond must state on its front page : <br /> the name, principal business address , and phone number of the contractor, the surety , the <br /> owner of the property being improved, and , if different from the owner, the contracting public <br /> entity, the contract number assigned by the contracting public entity; and a description of the <br /> project sufficient to identify it, such as a legal description or the street address of the property <br /> being improved , and a general description of the improvement, and the bond number. <br /> KNOW ALL MEN BY THES PRESENTS : <br /> BY THIS BOND , we YOung s cations Co . , Merrllants <br /> aS Principal , and ming r-m4MY a <br /> sumocorpo �9, � a S et , ae�el and irmly bound unto the County of Indian River, Florida , in the <br /> sum of Sevit �ar>do Dollars ($ 51 , 217 .Cp amounting to 100% of the <br /> total bid price . For the payment of said sum we bind ourselves , our heirs , executors, <br /> administrators and assigns, jointly and severally , for the faithful performance of a certain written <br /> Contract, dated the 13th day of May 20 <br /> between the Principal and the County of Indian River, for: 1 08 <br /> entered into <br /> Project Name: Winter Grove Water Assessment Project <br /> County Project Bid Number: 22008046 <br /> County UCP Number: 3013 <br /> Project Address : 28th Court, 29th Court and 70th Place, north of North Winter Beach Road <br /> (69th Street) - <br /> Project Description : <br /> A. CONTRACTOR shall complete all work as specified or indicated in the Contract <br /> Documents. The work is generally described as follows which shall include , but is not <br /> necessarily limited to the following : <br /> Furnish and install approximately 900 feet of 6" PVC water main , 50 feet of 6" <br /> Directional Drill DR11 HDPE water main , 500 feet of 4" PVC water main , 200 <br /> feet of 2 " PE water main , 80 feet of driveway bores , 2 fire hydrants, 1600 feet of <br /> lawn restoration and 28 residential water services on 28th Court, 29th Court and <br /> 70" Place, north of North Winter Beach Road (69`h Street) in Indian River <br /> County. <br /> A copy of the 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 /> 00612- 1 <br /> H\Projects\0741 \Bidding contract Specifications\Spec Template\2007\00612\Payment Bond.doc <br />