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BK: 2980 PG: 253 <br /> PUBLIC CONSTRUCTION BOND <br /> Bond No. 5091445 <br /> (enter bond number <br /> I <br /> BY THIS BOND, We Timothy Rose Contracting , Inc. as Principal and Westfield <br /> Insurance Company , a corporation, as Surety, are bound to Indian River County, FL <br /> , herein called Owner, in the sum of$ 575,858.97 , 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 Nov 9th , 2016 , between Principal and Owner for { <br /> construction of 8th St Sidewalk_ Improvements 58 Avenue to 21st Court , the contract being <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 defined in Section 255.05(1), 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 specified 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. j <br /> DATED ON November 9, 2016 <br /> Timothy Rose Contracting , Inc. <br /> (Name of Principal) <br /> By .1 <br /> (As Attorney in Fact) Cats rd <br /> ' I <br /> Westfield Insurance, Inc. = / <br /> (Name of Surety) <br /> . I <br /> 00610-3 <br /> 00610-Public Corutruction Bond <br /> F:Wublic WorkstiENGINEERING DIVISION PROJECTSW225 20th Ave and 16th St Intersection ImprovemenlVufmtmlbid <br /> documentsWtaster Contred Documents100610-Pubfic Construction 8ond.doc <br /> A TRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> J.R.SMITH,CLERK <br />