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• <br />BK: 2737 PG: 878 <br />• <br />SECTION 00320 <br />PUBUC CONSTRUCTION BOND <br />BY THIS BOND, We Ranger Construction Industries, Inc. , as Principal, and <br />Travelers Casualty and Surety Company of America , a Corporation as Surety, are bound to the <br />Indian River County, FL , herein called County. , in the sum of $ 686,074.50 <br />for payment of <br />which we bind ourselves, our heirs, personal representatives, successors, and assigns, jointly and <br />severally. <br />THE CONDITION OF THIS BOND is that If Principal: <br />1. <br />Performs the Contract dated Fe bruav5 4 <br />for the construction of the <br />Indian River Boulevard (US 1 to 17th Street) located yyjjh1n Indian River County, Florida, <br />the Contract being made a part of this bond reference, at the times and in the <br />manner prescribed in the Contract; and <br />120a between Principal <br />and <br />2. Promptly makes payments to all claimants, as defined in Section 255.05(1), Florida <br />Statues, supplying Principal with labor materials, or supplies, used directly or <br />indirectly by Principal in the prosecution of the work provided for in the Contract; and <br />3. Pays Countyall josses, damages including but not limited to delay damages, <br />expenses, costs and attorneys fees, including appellate proceedings, that County. <br />sustains because of a default by Principal under the Contract and <br />4. Performs the guarantee of all work and materials furnished under the Contract for the <br />time specified in the Contract, then this bond is void; otherwise it remains in full <br />force. <br />Any action instituted by a claimant under this bond for payment must be in accordance with the <br />notice and time limitation provisions in Section 255.05(2), Florida Statutes. <br />My changes in or under the contract documents and compliance or noncompliance with any <br />formalities connected with the contra Surety's obligation under this <br />bond. <br />:it or the changesdoes not affect <br />Principal agrees to record this bond in the Official Records for Indian River County before the <br />commencement of the work subject of this bond. <br />DATED ON: 6th. February 2 2014 , <br />PRINCIPAL : Ranger Construcponidbstries, Inc. <br />r, , <br />Address: 1200 Elboc taisieatp#1 <br />rt n4 + <br />r t -Tc <br />rto-..o$ <br />A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SPI{TN, CLEFK <br />r <br />