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BK: 3201 PG: 437 <br />y <br />PUBLIC CONSTRUCTION BOND <br />Bond No. 029694Y <br />(enter bond number) <br />BY THIS BOND, We Timothy Rose Contracting, inc._, as Principal and <br />Westfield , a corporation, as Surety, are bound to Indian River_County <br />, herein called Owner, In the sum of $ 415,984.32 , for payment of which we <br />bind ourselves, our heirs, personal representatives, successors, and assigns, jointly and <br />seVera Ily. <br />THE CONDITION OF THIS BOND Is that if Principal: <br />1. Performs the contract dated April g , 7019. between Principal and Owner for <br />construction of Old Dixie Hwy and Highlands Drive Intersection Improvements , 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 755,05(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 Aptil1C),2aig <br />hy Rose Contracting Inc. <br />Nue f Princi I <br />Westfield <br />(Name of Surety). <br />g*I s tr •••1:' <br />00610 - 3 <br />00610 - Public Construction Bond <br />FVublic WorksteNGINEERING DIVISION PROJECTS‘0225 20th Ave and 16th SI IMersectIon improvemennAdmInAbld <br />documentaWaster Contract Docurnente\00810 PublIe ConsirUction 8ond.don <br />A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH, CLERK <br />