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BID GUARANTY FORM <br />IRREVOCABLE LETTER OF CREDIT <br />NOT APPLICABLE <br />Proposal Bond Included <br />On Page BF -5 <br />Beneficiary; <br />Indian River County through its <br />Indian River County Board of <br />County Commissioners <br />County Administrator <br />Indian River County <br />1840 - 25th Street <br />Vero Beach, FL 32960 <br />1 <br />Date of Issue <br />Issuing Bank's No. <br />Applicant <br />Amou <br />Puy: <br />(Date) <br />Bid/Contract Number <br />a <br />In United States Funds <br />we hereby authorize you to draw on <br />(Bank, Issuer Name) <br />at <br />(Branch Address) <br />by order of and for the account of <br />(Contractor. Applicant. Customer) <br />up to an aggregate amount, in U t ' d States Funds, of <br />available by your draft at sigh, companied by: <br />(1) <br />A signed statement • m the County Administrator of Indian River County or the <br />administrator's au orized representative, that the drawing is due to default in <br />performance of rtain obligations on the part of <br />, agreed upon <br />(Contractor, Applicant, Customer) <br />by and bet een Indian River County and <br />(Name of Project) <br />Drafts ust be drawn and negotiated not later than <br />(Expiration Date) <br />must bear the clause: "Drawn under Letter of Credit Number <br />dated <br />(Bank Name) <br />Letter of Credit shall be renewed for successive periods of one (1) year each unless we <br />vide the Indian River County Administrator with written notice of our intent to terminate the <br />BF -6 <br />1041701.1147 <br />1 <br />m <br />1 <br />3,� � �.,.s +pati �„ <br />‘r Sirtv4tg.. <br />