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BK: 2998 PG: 1124 <br /> I <br /> PUBLIC CONSTRUCTION BOND <br /> Bond No. 5227184 <br /> (enter bond number) <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$ 497,113.24 . 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 January 17, 2017 , between Principal and Owner for <br /> construction of 43rd Ave Sidewalk Improvements Aviation Blvd to Airport Dr Wqsthe 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 Z ,�5(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. <br /> DATED ON January 18,2017 ' ,'• ' <br /> Timothy Rose Contracting,Inc. `•h ,��I�IL"iferJ�r� <br /> of Prin i Y�� <br /> :°�� ��° <br /> ``i ••••neneee•••c. �i <br /> r3 As Attorney i F Cabo1Y •for <br /> Westifeld Insurance Company :, G3 l�. r { •e•r•'' �� <br /> (Na-me of Surety) <br /> :aiSs, i <br /> 0081 q•3 <br /> 00510-Public Construction Bond <br /> RNPublie WorkNENGINEERING DIVISION PROJECTSID225 20th Ave and loth Sl intersection improwmenMdrnWbW <br /> documentsWlasler Contract Docurnents100610.Pubtlo construction Bond.doo <br /> A TRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> J.R.SMITH,CLERK <br />