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A TRUE COPY
<br />CERTIFICATION ON LAST PAGE
<br />JX BWON. CLERK
<br />3/11
<br />I*
<br />OLD 7 �N U 7-13 I, PERFORMANCE BOND —
<br />i The American Institute of Architects,
<br />Suretycompany r AIA Document No. A312 (December, 1984 Edition)
<br />o Any singular reference to Contractor, Surety, Owner or other
<br />* / party shall be considered plural where applicable,
<br />01
<br />CONTRACTOR (Name and Address): OWNER (Name and Address): CZD
<br />SCwrT M%-rR'iICN mmmaA oI"f, ITIC. Indian River County Board 8€ Oom-tissioners 1\7
<br />19401 58th Avenue, Sutite C 2625 1 9-th Avexrue
<br />Vero Beach, FTS 32966 IN THE RECORDS OF Vero lea ii, FL 32960
<br />CONSTRUCTION CONTRACT JEFFREY K. BARTON SURETY (Name and Principal Place of Business):
<br />CLERK CIRCUIT COURT
<br />Date, INDIAN RIVER CO.. FLA. Old Repubilic Surety Cr any
<br />102.5 S. Setnoran Blvd., Solite 1085
<br />Amount: S1,038,855.50 Winter Park, FL, 32792
<br />Description (Name and Location): (407)677.2663
<br />Round Island oceanfront Park
<br />BOND County Pro jest No. 9622 RETURN TO
<br />Hate (Not earlier than Construction Contract Date):
<br />12/28/99
<br />Flan Boynton Powell
<br />parli ft
<br />PurchasingDivision —C,
<br />Amount $1,038,855.50
<br />2625 190 Avenue
<br />Modifications to This Bond:
<br />r. None
<br />Vern Beach, Fl 32960 c See Page 2
<br />CONTRACTOR AS PRINCIPAL.
<br />SURETY
<br />2 lithe Contractor performs the Construction Contract, the Surety and
<br />Company: (Corporate Seal) Companyi
<br />r''t
<br />4 When the Owner has salislied the conditions of Paragraph 3, the
<br />3 if there isnoOwner Default, the Surety'sahligalion under this Bond
<br />Surety shall promptly and al the Surety's expense take one of the
<br />fallowing acl r`ona:
<br />SUN1<= a7NS`RUCTCiON MAiMOKMElfr, INC.
<br />OLD REPUBLIC SURE'PY � r ,•:� -x'.
<br />3.1 The Owner has notified the Contractor and the Surely at its
<br />4.1 Arrange lot the Contractor with consent of the Owner, to
<br />address described in Paragraph 10 below that the Owner is con.
<br />perform and complete the Construction Contract; or
<br />sidering declaring a Contractor Default and has requested and
<br />attempted to arrange a conference with t�ierCdntl 'I d�
<br />4.2 Undertaketoperformand complete the Construction Contract
<br />Signalut'er
<br />Signature•
<br />not ice to disc ussmeth adsofperformingthe,C g , tract.
<br />=agree,
<br />Name'and Title:. W1llt'afh B. SchUh, Jr.' U
<br />Name and
<br />to, Ja3CIe5 E.
<br />-Presider&
<br />ptation of the Construction Contract, arrange for a contract lobe
<br />Af-.i-nrnav_Tn- ;" I'i',
<br />(Any additional signature$ App on page 2,) v - — - 7t''�
<br />(FOR INFORMATIOAI-ONLy— Mame, Address and ?elophone)
<br />OWNER'S REPRESENTATIVE (Archilecl, Engine$l'dt othel r
<br />AGENT or HROKI=R:
<br />parli ft
<br />1 The Contractor and the Surety, jointly and severally, bind them-
<br />3.3 The Owner has agreed lopaylheBalanced [he Contract Price
<br />salvos, their heirs, execulaia.administrators, successors and assigns
<br />to the Surety In accordance with the terms of the Construction
<br />lo I h a Owner for ft peftmance of IheCon siruclion 00ntracl, which
<br />Contract or to a contractor so famed to perform the ConslruclIon
<br />is incorporated herein by reference,
<br />Contract in accordance with the terms of the contract with the
<br />2 lithe Contractor performs the Construction Contract, the Surety and
<br />Owner
<br />the affhave r under 1apttapar
<br />lieipe in conferences as provdei nSubparagraph 3
<br />4 When the Owner has salislied the conditions of Paragraph 3, the
<br />3 if there isnoOwner Default, the Surety'sahligalion under this Bond
<br />Surety shall promptly and al the Surety's expense take one of the
<br />fallowing acl r`ona:
<br />shall arise aper:
<br />3.1 The Owner has notified the Contractor and the Surely at its
<br />4.1 Arrange lot the Contractor with consent of the Owner, to
<br />address described in Paragraph 10 below that the Owner is con.
<br />perform and complete the Construction Contract; or
<br />sidering declaring a Contractor Default and has requested and
<br />attempted to arrange a conference with t�ierCdntl 'I d�
<br />4.2 Undertaketoperformand complete the Construction Contract
<br />Surely to be held not later Ihan fifleen daft"Urrpe$.4?t*pll(I►ti
<br />Itself, through its agents or through independent contractors; or
<br />; , r
<br />not ice to disc ussmeth adsofperformingthe,C g , tract.
<br />=agree,
<br />;
<br />,3'6lotainbids ornegoliatedproposafsfrom quatifiadcontractors
<br />II the Owner, the Contractor and the Surety e 7ntreclor
<br />acceptable to the Owner for a contract for performance and com-
<br />shall beallowed a reasonable timeto peform theConstrucfion Con-
<br />ptation of the Construction Contract, arrange for a contract lobe
<br />tract but such an agreement shall not waive the Owner's right, it
<br />prepared for exeaulfon by the Owner and the contractor setecled
<br />any, svbsequently to declare a Contractor Default, and
<br />with the Owner's concurrence, to be secured with performance
<br />3.2 The Owner has declared a C:ontraclor Detaull and formally
<br />and payment bonds oxecuted by qualified surety aqulvalaw, to
<br />te+minatedthe Conlraclor's right 10 complete the contract. Such
<br />the borids issued on Ilia Gonatrucllon Contraet, and pay to the
<br />irlontrac:W Default shall not be declared earlier than twenty days
<br />after the Contractor and Surely have received nown as provided
<br />Owner the amount of damages no described In Paragraph 6 in
<br />oxceas of tha Balanceof the Contract Price
<br />vs SubfiaragrarAi 3 1, and
<br />Incurred by the Owner
<br />resulting From the Contractor's defaull; or
<br />
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