Laserfiche WebLink
BK: 3227 PG: 2154 <br />PUBLIC CONSTRUCTION BOND <br />Bond No. 10181132 <br />(enter bond number) <br />BY THIS BOND, We XGD Systems, LLC , as Principal and <br />The Guarantee Company rverCouno <br />of North America USA , a corporation, as Surety, are bound to ofIndian CamtRmCnio �ssioryBnersard <br />, herein called Owner, in the sum of $ 225,335.74 , 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 July 16 , 2019 , between Principal and Owner for <br />construction of Jungle Trail Shoreline Stabilization Project , 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 July 24, 2019 , <br />00610 - 3 <br />XGD Systems, L <br />d1irM-f. f P <br />By <br />a <br />As At ne in Fact <br />The Guara te- Company <br />of North m.•rica USA <br />Name Sure <br />00610 - Public Construction Bond <br />F:Public Works\ENGINEERING DIVISION PROJECTS\1823 Jungle Trail Shoreline Stabilization Project (2018)11-Admin\Bid <br />Documents\Master Contract Documents\00610 - Public Construction Bond.doc <br />A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH, CLERK <br />