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PUBLIC CONSTRUCTION BOND <br />Bond No. 105375930 <br />(enter bond number) <br />BY THIS BOND, We Dickerson Florida, Inc. , as Principal and Travelers Casualty <br />and Surety Company of America, a corporation, as Surety, are bound to Indian River County, Florida <br />herein called Owner, in the sum of $ 1.949,922.76 , for payment of which we <br />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. Performs the contract dated May l l _ 2010 , between Principal and Owner for <br />construction of Prid RegR rtent at ld Dixtn Hi�hv�a�u er,tl�ehlS�Nt Relief Canal with , the contract being <br />oa av n rams m rovemen a <br />made a part of this bond by reference, at the times and in the manner prescribed In the <br />contract; and <br />2. Promptly makes payments to all claimants,. as definod in Section 255.05(l), Florida <br />Statutes, supplying Principal with labor, materials, or supplies, used directly or indirectly <br />by Principal in the prosecution of the work provided for in the contract; and <br />3. Pays ':Owner all losses, damages, expenses, costs, and attorney's fees, including <br />appellate proceedings, that Owner sustains because of a default by Principal under the <br />contract; and <br />4. Performs the guarantee of all work and materials furnished under the contract for the <br />time spodified in the contract, then this bond is void; otherwise it remains in full force. <br />Any action Instituted by a claimant under this bond for payment must be in accordance <br />with the notice and time limitation provisions in Section 255.05(2), Florida Statutes. <br />Any changes in or under the contract documents and compliance or noncompliance <br />with any formalities connected with the contract or the changes does not affect Surety's <br />obligation under this bond. <br />DATED ON lune 1, 2010 1 ` �►`p"`� <br />Dickerson Florida, Inc. { �'• ' <br />- N f Pr <br />i al <br />Byoi <br />1 <br />Travelers Casualty and Surety Company of America <br />i• <br />(Name ofSure <br />I/vt <br />AAs Atto ney in Fact ! V 171 t, <br />Karen K. Beard, Attorney -in -Fact and Flonda I fcGnsed Rj,`uV, j <br />00610-3 <br />00610 - Public Construction Bond.doc <br />P1EnpinserinpfCapltel Projectev0206 Old Dixle tiohvrey Brld" over Oro South Relief Cenalv0206 Contract Documents & 3pacs\00610 - Public Construction Bond.doe <br />