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PUBLIC CONSTRUCTION BOND <br />Bond No. 048668:G <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, FL <br />, herein. called Owner, in the sum of $ 921,263.40 „for payment of which we <br />bind ourselves, our heirs, personal representatives, 'successors, and assigns; jointly and <br />s.everall.y.. <br />THE CONDITION OF THIS BOND is that if Principal: *: <br />1. Performs the contract datedAugust 2$ 2.019. , between. Principal and Owner for <br />construction of Vero Lakea5tates 85th Street Petition Poring ,. the contract being <br />made. a. part of this bond _by reference; at the times .and in the mariner prescribed in the <br />contract; and . <br />.2. Promptly. makes payments to all claimants, as defined in Section 255.0:5(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 th.e. changes does:not;affect•Surety's <br />obligation. under this bond. <br />DATED ON August 28, 2019, <br />00610-3 <br />Timothy Rose Contracting Inc.. <br />(Name of Piincipal). <br />By <br />. p-- <br />s Attorney .in::Fact) Jose h' <br />.WESTFIELD <br />(Name of. Surety), <br />00610 Public Construction. Bond <br />