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SECTION 00320 <br />PUBLIC 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 , herein called County. , in the sum of $1,049,787.70 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. Performs the Contract dated M a" i , 2Qa73 between Principal and <br />for the construction of the ' <br />CR 512 Resurfacing/Bid No. 2013006 located within 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 />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 County all losses, damages including but not limited to delay damages, <br />expenses, costs, and attorney's 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 specked 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 />Any changes in or under the contract documents and compliance or noncompliance with any <br />forrnalities connected with the contract or the changes does not affect Surety's obligation under this <br />bond. <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: May 17 , 2013 <br />PRINCIPAL. Ranger Construction Industries, ,Inc. <br />Address: 1200 Elboc Way, Winter Garden, FL 34787 <br />cott. 0 resident <br />