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r <br />i <br />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 />provided for in this contract. <br />The Contractor shall record the Payment and Performance Bond with the Public <br />Records Section of the Indian River Courthouse located at 200016" Avenue, Vero <br />Beach, 'Florida, 32960. The recorded bonds will be forwarded to the Purchasing <br />Division within a week. <br />The Contractor shall provide two separate bonds, a combined Payment and <br />Performance Bond for 125% 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 order, certified check, cashiers check, <br />irrevocable letter of credit or a security as listed in Part ll 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 Bonds may be waived by the County if the total contract <br />is below $50,000. <br />V <br />IN WITNESS WHEREOF, the parties hereto have executed this agreement the day and year first <br />written above. <br />t <br />(Contractor) <br />Signed and sealed by the <br />Contractor in the presence of: <br />Attest <br />k <br />(Seal) <br />INDIA XIVER COUNTY. <br />By: Attest <br />f/JKenneth R. Macht, Chairma J` rey -. Barto Clerk <br />Dated: L2-21--99 b, u E <br />ADQ£NOU14 N0. 3 <br />t Inrlianktvt�r4annly Approved 17aEc�� <br />Ar ln,,nl5[r.11!Qn <br />.iiu,l;;r1 1 /'VA <br />Z_' 0-11 <br />Caizilai i'rnj�.ts � �� I If frC�II <br />6)v +ar rra�ni r 1 1 IIf� ,d <br />AGREEMENT <br />L cD 0 <br />A - 3 <br />AGREEMENT <br />L cD 0 <br />A - 3 <br />