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THE AMERICAN INSTITUTE OF ARCHITECTS AM Document A310 HpND4 BB 0 3 3 01 Bid Bond KNOW ALL MEN BY THESE PRESENTS, that we Timothy Rose Contracting , Inc . 1360 SW Old Dixie Hwy . , Ste 106 Olue insert full nam ,and address or kgo title ofCootractw) 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 boundunty Indian River County Board of County Commissioners 1801 27 Street , Vero Beach , FL 32960 (Isere irwert full name and address or legal title orOwner) as Obligee, hereinafter called the Obligee, in the sum of Five Percent of Amount Rid-- -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 6th Avenue SW Culver Replacement North of 23rd Street SW . Project : 1136 , Bid No . 2012033 (Hero insert to, nark, Rddren and description of project) NOW, THIARE4FORE, 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 be 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 fivnished 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 hereofbetween 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 full force and effect Signed and sealed this 2 5 day of January 2012 Timothy Rg,%eContracting , Inc . / n (Princip ) (Seal) (Witness) RDV e)Timot Rose Presi. ent V' to r Surety and Indemnity Company St ety (Seal) 1 =( Witness ) �� - ---- ---- (Title)Robert Barra Attorney In Fact AIA DOCUMENT A310 DID 13ONO A W FEI3RIJARY 1970 ED THEAMERICAN INST ITU'IT; OF ARCJ-W C'1�S, 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 .