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PUBLIC CONSTRUCTION BOND <br />Bond No. 107564425 <br />(enter bond number) <br />BY THIS BOND, We PROCTOR CONSTRUCTION COMPANY, LLC , as Principal and TRAVELERS CASUALTY AND <br />SURETY COMPANY OF AMERICA. a corporation, as Surety, are bound to PIAN RIVER COUNTY , <br />herein called Owner, in the sum of $ $1,865,456.10 for payment of which we bind <br />ourselves, our heirs, personal representatives, successors, and assigns, jointly and severally. <br />THE CONDITION OF THIS BOND is that if Principal: <br />1. Performs the contract dated APRIL 12 , 2022 , between Principal and Owner for <br />construction of NORTH COUNTY LIBRARY EXPANSION IRC -2009 -BID NO. 2022021 , the contract being made <br />a part of this bond by reference, at the times and in the manner prescribed in the contract; 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. <br />Any action instituted by a claimant under this bond for payment must be in accordance with the <br />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 with any <br />formalities connected with the contract or the changes does not affect Surety's obligation under <br />this bond. <br />DATED ON APRIL 18, 2022 Ill <br />PROCTOR CONSTRUCTION COMPANWY <br />�!n ,4 4!• t rr <br />\f1 � <br />(Name of Princfo tv'Q <br />By �„ , <br />t,1�tJ.r <br />A <br />V <br />TRAVELERS CASUALTY AND SURETY OMP:ANY ,' AMERICA <br />(Name of Surety)`'' ?', <br />4; <br />Public Construcbon Bond - 00610 - 3 <br />F.'Tublic Works\ENGINEERING DIVISION PROJECTS\2009 North County LibraryAddition\1-Admin\Bids\Bid Documents\DIV 0_3_Contracl Fonns.docx <br />