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BK: 3116 PG: 1734 <br />Bid No. 2018045/IRC-1502 <br />PUBLIC CONSTRUCTION BOND <br />Bond No. 016215860 <br />(enter bond number) <br />Liberty Mutual 175 Berkeley Street <br />BY THIS BOND, We Johnson -Davis Inc. as Principal and Insurance Company , Boston, MA 02116 a <br />corporation, as Surety, are bound to Indian River County___, herein called Owner, in the sum of <br />$211,365.00 , for payment of which we bind ourselves, our heirs, personal representatives, successors, and <br />assigns, jointly and severally. <br />THE CONDITION OF THIS BOND is that if Principal: <br />1. Performs the contract dated May 1, 2018, between Principal and Owner for construction of Gifford Area <br />Stormwater Proiect , the contract being made a part of this bond by reference, at the times and in <br />the manner prescribed in the contract; and <br />2. Promptly makes payments to all claimants, as defined in Section 255.05(1), Florida Statutes, supplying <br />Principal with labor, materials, or supplies, used directly or indirectly by Principal in the prosecution of the work <br />provided for in the contract; and <br />3. Pays Owner all losses, damages, expenses, costs, and attorney's fees, including appellate proceedings, that <br />Owner sustains because of a default by Principal under the contract; and <br />4. Performs the guarantee of all work and materials furnished under the contract for the time specified in. the <br />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 with the notice and time = <br />limitation provisions in Section 255.05(2), Florida Statutes. <br />Any changes in or under the contract documents and compliance or noncompliance with any ,.forrgaIiii6s. <br />connected with the contract or the changes does not affect Surety's obligation under this bond: <br />DATED ON May 3, 2018 Jo <br />:�. <br />Y � <br />21-05� Name of Princi paVr rQer,f,el!N`t <br />By <br />Maria Sig orile, (ALAttornev i ct) <br />Liberty Mutual Insurance Cotn(ianq,J; a" - <br />(Name of Surety) `. <br />rte.,,,• � t'�i. ,('• ��i � <br />fl 1 • <br />«y <br />Page 35 of 37 <br />A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH, CLERK <br />