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2019-009A
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2019-009A
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BK: 3181 PG: 1026 <br />• <br />A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH, CLERK <br />PUBLIC CONSTRUCTION BOND <br />BOND NO. CS2897511 <br />(Enter Bond Number) <br />BY THIS BOND, We C K Contractors and Development, LLC as <br />Principal and Great American Insurance Company a <br />Ohio corporation, as Surety, are bound to <br />Indian River County Board of Commissioners herein called Owner, in the <br />sum of One Million Six Hundred Fifty-seven Thousand Four Hundred Nineteen And 24/100ths Dollars <br />( $1 657,419.24 ) for payment of which we bind ourselves, our heirs, personal representatives, <br />successors, and assigns, jointly and severally. <br />THE CONDITION OF THIS BOND is that if Principal: <br />1. Performs the contract dated 1/15/2019 between Principal and Owner for <br />construction of West Wabasso Community Gravity Sewer System Phase 2 , the contract being <br />made a part of this bond by reference, at the times and in the manner prescribed in the contract; <br />and <br />2. Promptly makes payments to all claimants, as defined in Section 255.05(1), Florida Statutes, <br />supplying Principal with labor, materials, or supplies, used directly or indirectly by Principal in the <br />prosecution of the work provided for in the contract; and <br />3. Pays Owner all losses, damages, expenses, costs, and attorney's fees, including appellate <br />proceedings, that 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 <br />specified in the contract, then this bond is void, otherwise it remains in full force. Any action <br />instituted by a claimant under this bond for payment must be in accordance with the notice and <br />time limitation revisions in Section 255.05(2), Florida Statutes. Any changes in or under the <br />contract documents and compliance or noncompliance with any formalities connected with the <br />contract or the changes does not affect Surety's obligation under this bond. <br />DATED ON 1/30/2019 <br />C K Contractor : nd •'vel• pm' t, LLC <br />By: <br />Great <br />(Nam <br />
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