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B. PAYMENT TO THE CORPORATION BY THE COMMISSION: <br />The COMMISSION agrees to pay the CORPORATION, on or before <br />the tenth day of each month an amount equal to the progress of work <br />performed to that date, expenses incurred, and supplies purchased. The <br />total amount of all such payments shall not exceed the sum of ONE HUNDRED <br />SEVENTY-THREE THOUSAND TWO HUNDRED DOLLARS ($173,200). <br />C . PERFORMANCE BOND: <br />The CORPORATION shall furnish a performance surety bond in <br />an amount equal to 100 percent of the contract. Said bond shall be furnished <br />by a corporate surety authorized to do such business in the State of Florida. <br />The bond shall secure the faithful performance of this contract in accordance <br />with the terms hereof and shall indemnify and save harmless the County from <br />all costs and damage by reason of the CORPORATION'S default or failure to <br />faithfully perform the contract. <br />D. APPROPRIATION OF FUNDS: <br />The COMMISSION covenants and agrees that they shall by their <br />executive responsibility, properly budget and appropriate funds necessary <br />to pay the sums called for in this agreement in accordance with all <br />applicable laws of the State of Florida. <br />E. WHEN THE CORPORATION'S WORK SHALL BE CONSIDERED COMPLETE: <br />It is understood and agreed the work to be performed by the <br />CORPORATION under this contract shall be considered complete upon <br />notification of acceptance by the Assessor, provided, however, all <br />work has been completed by the CORPORATION in accordance with the. <br />provisions of this contract; and in any event, if said work is completed <br />by the CORPORATION in accordance with the provisions of this contract, <br />the resolution of the Board of County Commissioners of Indian River <br />X2.3 <br />