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BK: 3009 PG: 997 <br /> :T <br /> I <br /> PUBLIC CONSTRUCTION BOND <br /> Bond No. 5456748 <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 RiverouC nfy;FC <br /> herein called Owner, in the sum of$ 546,102.93 , 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 March 7th, 2017 , between Principal and Owner for <br /> construction of Fischer Lake Island Water Assessment Project , 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 256.05(l), 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 March 14,2017 <br /> Timothy Rose Contracting, Inc. <br /> (Narm of Principal) <br /> By — <br /> As Mod&Modei Fa a'of W Lord <br /> Westfield Insurance Company <br /> (Name of Sure) <br /> 00610.3 <br /> 00510-Public Consiruction Bond <br /> F:1Public Woft%ENGINEERINO DIVISION PROJECTS=25 20th Ave and 16th St Intersection ImprovementtAdmlrn%ld <br /> documentsWlaater contract Documentwoe10.Public construction Sond.doo <br /> A TRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> J.R. SMITH, CLERK <br />