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Rand
<br />hilta■u%fwd
<br />• Sears Tower, Suite 1900, 233 South Wacker, Chicago, IL 606064308
<br />PIIIIVORMANCE GOND
<br />KNOW ALL MEN DY THOSE PREUENTih IRewi Monts ors 1112T380Sn
<br />That WASTE MANAGEMENT INC. OF FLORIDA, as Principal, and FIREMAN'S FUND INSURANCE
<br />COMPANY, os Surety, are held and firmly bound unto INDIAN RIVER COUNTY, FLORIDA, os Obligee, in the sum
<br />of Seven Hundred Fifty Thousand and 00/100 Dollars ($750,000.00), for the payment of which sum, well and truly
<br />to be made, the Principal and Surety bind themselves, their heirs, executors, administrators, successors, and assigns,
<br />jointly and severally, firmly by these presents.
<br />WHEREAS, the Principal hos entered into written contract dated 11/04/1997 with the Obligee for OPERATION OF
<br />CLASS I LANDFILL in accordance with the drawings and specification prepared by which contract
<br />is by reference made o port hereof and is hereinolter referred to as the contract.
<br />NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION 1 such that, if Cent eda shall promptly and faithfully pions said Corked,
<br />then this obligation shell be null and void; otherwise it shop remain in full fora ad .ffd. The Suety hereby waives notice of any alteration
<br />or ..halon of tine made by the Owner.
<br />Whenever Contrador shall be, and declared by Own.►to be in defeat under the Co *od, the Ower hewing performed Owner's abtgetio s
<br />thereunder, the Surety may promptly reedy the default, or shall pram Afy -
<br />1. Complete the Conked in accordance with lts semis and co n/Mans, or
<br />2. Obtain a bid or bids for completing the Centred in oecadonce with Detains and emulsions, and upon d. eminahon by Sway d dw lowed
<br />responsible bidder, or, if the Owner elects, upon determination by the Owner and the Suety lardy el the lowest reepauible bidder, arrange
<br />fora centred between such bidder and Owner, and make available as Work progrewes (even though them should be o default ora nrco.esion
<br />of delauls under the centred or carhads of completion «ranged under this paragraph) sufficient funds to pay the cast of completion lase the
<br />balance of the conked price; but not seceding, including other alts and domwgss for which the Suety may be table hereunder, the omowd
<br />set forth In the first parogroph hereof. The term 'Wonted the comma pies; as used in this paagroph, shall mean **Idol amount payable
<br />by Owner to Contrad« under the Centrad and any amendments thereto, less the amount properly paid by Owner to Contradict.
<br />My suit under this bond must be instituted before the expiration d two (2) yeas from the date on which final pelmet* ander the Centrad foils
<br />du*.
<br />No right d odion shall °corse en this bond to orf« the use of a y person
<br />executors, administrates or succeeders of Owner. L
<br />Signed, Seated and Doted 11/04/ • 97.
<br />Ii'../'
<br />Wi ess
<br />WASTE MANAGEMENT INC. OF FLORIDA,
<br />(Prinapal)
<br />WMI and 25029
<br />FIREMAN'S FUND INSURANCE COMPANY, (Surety)
<br />By: Ali intic,
<br />t rn
<br />.VYlakcsP
<br />Linda M. Mak ah, Attorney -In -act
<br />Peter - . tctrng
<br />Flora a Resident Agent
<br />
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