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THE AMERICAN INSTITUTE OF ARCHITECTS AIA Document A310 Bird Bond BOND # BB03006 KNOW ALL MEN BX THESE PRESENTS, that we Timothy Rose Contracting , Inc . 1360 SW Old Dixie Hwy . , Ste 106 (xcrcinsenru,lJ=X nadaddrcaarkgduucorcoatmcwr) 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 bound unto Indian River County (JimulpPrtQuQnw L A=o( F lfide or Beach , FL 32962 as Obligee, hereinafter called the Obligee, in the sum of Five Percent of Amount Bid-- -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. NATHbREAS, the Principal has submitted abid for Indian River Boulevard Sidewalk Improvements Between 12th Street & 17th Street , Bid 2011023 Pro $ pct5 tliCtC ttutrs I�mC, R . o dMriptimt of pmjact) NOW, rl1ERE4 ''ORE, 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 furnished 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 hereof between 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. S"dsealedWsfJanuary 2011 Timothy Rose Contracting , Inc . (Principal) (Seal) t e) ase President '^ r`* D v loper urety and Indemnity Compan, (Seal) t s (Title)Robert Barra Attorney In Fact A14, DOCUMENT A310 BID BOND AIA O FE13RUARY 1970 ED THE AMERICAN "' 1:;ST1TUTF, OF ARCHPCC-Mt 173514,Y. AVE., N.W. WASHINMN, D.C. 20006 1 1vARN1NG: Unlicensed photocopying violates US, copyright laws and is subject to lcgal prosecution.