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40 <br />0 <br />r t time herein provided and with the additional obligation that such Contractor shall <br />promptly make payments to all persons supplying him labor, materials and supplies, <br />used directly or indirectly by the said Contractor in the prosecution of the work <br />i provided for in this contract. <br />The Contractor shall record the Payment and Performance Bond with the Public <br />aRecords Section of the Indian River Courthouse located at 2000 16" Avenue, Vero <br />Beach, Florida, 32900. The recorded bonds will be forwarded to the Purchasing <br />Division within a week. <br />h <br />The Contractor shall provide two separate bonds, a combined Payment and <br />Performance Bond for 126% of the contract price is not an acceptable substitute. <br />In lieu of the Public Construction Bond, the Contractor may furnish an alternative <br />form of security in the form of cash, money ordor, certified check, cashier's check, <br />Irrevocable letter of credit or a security as listed in Part II of F.S. Chapter 635. Any <br />such alternative form of security shall be for the same purpose, and be for the same <br />amount and subject to the same conditions as those applicable to the bond other- <br />wise required. <br />Performance and Payment Bands may be waived by the County if the total contract <br />is below $50,000. <br />IN WITNESS WHEREOF, the parties hereto have executed this agreement the day and year first <br />written above. <br />Signed and sealed by the <br />Contractor in the presence of: <br />(Seal) <br />INDIAN RIVER COUNTY <br />By: <br />Kenneth R, Macht, Chairman <br />Dated: <br />(Contractor) <br />Attest <br />Attest <br />Jeffrey K. Barton, Clerk <br />(SEAL.) <br />ADDENDUM NO. 3 <br />IPidianLiv erCnnniy <br />Apprnved <br />urate <br />A,I•:ri n VJ ral i on <br />6ndhcl__�_...._- <br />_ <br />I� "dal <br />...........«.. <br />.......-+. <br />:;'ublie V,'nrka <br />Capital Projectq <br />01!PArnmeni <br />,AGREEMENT <br />A - 3 <br />