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8K: 3008 PG: 53 <br /> PUBLIC CONSTRUCTION BOND <br /> Bond No. 015052921 <br /> (enter bond number) <br /> BY THIS BOND,We Community Asphalt Corp. ,as Principal and Liberty <br /> Mutual Insurance Company ,a corporation,as Surety,are bound to Indian River County <br /> herein called Owner,in the sum of$233,504.70 , for payment of which we <br /> bind ourselves,our heirs,personal representatives,successors,and assigns,jointly and <br /> severally. <br /> THE CONDITION OF THIS BOND is that if Principal: <br /> 1. Performs the contract dated February 21 2017 between Principal and Owner for <br /> Construction of Round Island Riverside Park Pavement Resurfacing , the contract being <br /> made a part of this bond by reference,at the times and in the manner prescribed in the <br /> contract;and <br /> 2. Promptly makes payments to all claimants, as defined in Section 255.05(1), Florida <br /> Statutes,supplying Principal with labor,materials,or supplies,used directly or indirectly <br /> by Principal in the prosecution of the work provided for in the contract;and <br /> 3. Pays Owner all losses, damages, expenses, costs, and attorney's fees, including <br /> appellate proceedings,that Owner sustains because of a default by Principal under the <br /> contract;and <br /> 4. Performs the guarantee of all work and materials furnished under the contract for the <br /> time specified in the contract,then this bond is void;otherwise it remains in full fol'ce. <br /> Any action instituted by a claimant under this bond for payment must be in q..* Ronce vt--., <br /> `..,. <br /> with the notice and time limitation provisions in Section 255.05(2),Florida Statif. 'a��•� .;,,;; <br /> Any changes in or under the contract documents and compliance or <br /> with any formalities connected with the contract or the changes does nottdT$ s'•r :; <br /> obligation under this bond. 4 ' ,•��., r:. <br /> C munity Asphalt Corp: <br /> DATED ON March 2,2017 <br /> By �- Manui��J <br /> el <br /> Name of Princi ' a;; ;'•�°:�GeI?n^,=;-. <br /> By. ` <br /> As Affodas&in a I;lme n Aa@toj; <br /> Liberty Mutual Insurance Com ° �, " ; ' <br /> Name of Surat '�•'`''��''•• •' ^'. <br /> 00610-9 <br /> 00610-Public Construction Bond <br /> F:WubIic WorksIENGINEERING DIVISION PROJECTS\1619 Round Island Facifity Pavtng11-Adrrinldd documentsWaster Contract <br /> Doouments100610-Public Construction Sond.doe <br /> A TRUE COPY <br /> CERTIRCATION ON LAST PAGE <br /> J.R.SMITH,CLERK <br />