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BK: 3109 PG: 1354 <br />PUBLIC CONSTRUCTION BOND <br />Bond No. 9730592 <br />(enter bond number) <br />BY THIS BOND, WeTIMOTHY ROSE CONTRACTING. INC., as Principal and Westfield <br />Insurance Company , a corporation, as Surety, are bound to Indian River County, Fl - <br />, <br />L, herein called Owner, In the sum of $ 2.825,641.68 , 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 April 18 2018 , between Principal and Owner for <br />construction of 58th Ave Resurfacing/Reclamation N of 26th St to S of 49th St 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 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 April 18, 2018 , <br />00810.3 <br />TIMOTHY ROSE CONTRACTING, INC. <br />of Princi al <br />As At <br />In act Cabot W. Lord <br />Westfield Insurance Company <br />LtLame of SuretY) <br />00610 - Public Construction Bond <br />F:Public Works ENGINEERING DIVISION PROJECTS10225 20th Ave and 16th St Intersection ImprovementWdmlmlbld <br />documentsWaster Contnact Documents=610 • Public Construction Sond.doo <br />A TRUE COPY <br />CERTIFICATION.ON LAST PAGE <br />J.R. SMITH, CLERK <br />