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BK: 3164 PG: 1067 <br />PUBLIC CONSTRUCTION BOND <br />Bond No. 016217865 <br />(enter bond number) <br />BY THIS BOND, We JOHNSON-DAVIS INCORPORATED , as Principal and LIBERTY <br />MUTUAL INSURANCE COMPANY , a corporation, as Surety, are bound to Indian River County Board of County Commissioners <br />herein called Owner, in the sum of $ 2,365,850.00 , 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 November,13, 2018 , between Principal and Owner for <br />construction of 45th STREET BEAUTIFICATION PROJECT PHASE II , 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 taiejys` i, <br />obligation under this bond. ;', ". . <br />DATED ON November 14 ,2018 J V INC POf#/E�` r <br />A. <br />.,.iib,.•.. <br />(Name of ncipal),eo,,;n,:-�,� <br />By Z - <br />Maria Signorile, Attorney ' Fact'.` ,L;r7 e; <br />LIBERTY MUTUAL INS042AN^E dgmp� <br />(Name of SutdY� <br />00610-3 <br />00610 - Public Construction Bond <br />FAPublic Works\ENGINEERING DIVISION PROJECTS\1748 Gifford Neighborhood - 45th Street Beautification Project Phase II\1- <br />Admin\RE-bids\Bid Documents\Master Contract Documents\00610 - Public Construction Bond.doc <br />A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH. CLERK <br />