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• <br />SECTION 00612 • Payment Bond <br />KNOW ALL MEN BY THESE PRESENTS: <br />BY THIS BOND, we <br />rt name, principal business address, and telephone number of Principal/Contractor) <br />and <br />UNITED STATES FIDELITY AND GUARANTY COMPANY <br />600 N. WESTSHORF RI \m RI IMP ttenn rARAo m <br />as Surety, <br />(Insert name, principal business address, and telephone number of Surety) <br />as Principal <br />a corporation, <br />are held and firmly bound unto the County of Indian River, Florida, 1840, 25th Street, Vero <br />Beach, Florida 32960 4561-567-8000 <br />in the sum of THREE NtIL ION, THREE HUN RED, FIFTY-TWO THOUSAND, EIGHT <br />4dUA_.�^=.�—_n���gB Dollars ($ 3,352,892.00--- ) <br />amounting to 100% of the total bid price. For the payment of said sum we bind —0elves, our <br />heirs, executors, administrators and assigns, jointly and severally, for the faithful performance <br />of a certain written Contract, dated the day of 20 <br />entered into between the Principal and the County of Indian River, for: <br />Bond Number: SK0743 <br />Prgject.Natn NORTH COUNTY REGIONAL PARK <br />tiunty Project Nul�ber'. 9926 <br />PrOJept AddreS: 9450 COUNTY ROAD 512, SEBASTIAN, FL <br />!oJot%{fie ,GC�ptippi;? SITE IMPROVEMENTS AND CONSTRUCTION OF SPORTS <br />ARENA AT NORTH COUNTY REGIONAL PARK <br />A copy of said Contract is incorporated herein by reference and is made a part hereof as if fully <br />copied herein. <br />NOW, THEREFORE, THE CONDITIONS OF THIS OBLIGATION ARE SUCH, that, if the <br />Principal shall promptly make payments to all claimants, as herein below defined, then this <br />obligation shall be void; otherwise, this Bond shall remain in full force and effect, subject to the <br />following terms and conditions: <br />I. A claimant is defined as any person supplying the Principal with labor, material or <br />supplies, used directly or indirectly by the Principal or any subcontractor in the <br />prosecution of the Work provided for in said Contract, and is furtTer defined in <br />Section 713.01 of the Florida Statutes. <br />= B. The provisions of Section 265.05 Florida Statute shall apply. <br />The above named Principal and Surety hereby jointly and severally agree with the County of <br />Indian River that every claimant as herein defined, who has not been paid in `ull before the <br />expiration of a period of ninety (90) days after performance of the labor or after complete <br />00612-1 0of 12 • Payment Bond <br />F:Y.htltr CanYxl Dotvmxnla19p61 Z . PayOrnl eond�oc Ray. 05701 <br />u <br />