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PUBLIC CONSTRUCTION BOND <br />Bond No. 6090534 <br />(enter bond number) <br />BY THIS BOND, We Timothy Rose Contracting, Inc. , as Principal and <br />Westfield Insurance Company , a corporation, as Surety, are bound to Indian River County <br />herein called Owner, in the sum of $ 7,330,842.90---------- , 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 June 9 , 2020 , between Principal and Owner for <br />construction of 58th Avenue (from north of 57th Street to 85th Street) Full Depth Reclamation 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 June 11, 2020 <br />00610-3 <br />Timothy Rose Contracting, Inc. <br />(Name of Principal) <br />B <br />As AtOrney in Fact L_ Ir�is0a <br />Westfield Insurance Company.: <br />(Name of Surety) <br />00610 - Public Construction Bond <br />F:\PublicWorks\ENGINEERING DIVISION PROJECTS\1325 58th Avenue (57th St to CR 510) Roadway Inventory\1- <br />Admin\Bids\Bid Documents\00610 - Public Construction Bond.doc <br />