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BK: 2852 PG: 820 <br />PUBLIC CONSTRUCTION BOND <br />Bond No. 6086208 <br />(enter bond number) <br />BY THIS BOND, We Timothy Rose Contracting, Inc. , as Principal and Westfield <br />Insurance Company , a corporation, as Surety, are bound to Indian River County, Florida <br />, herein called Owner, In the sum of $ 1,112,457.78 , for payment of which we <br />bind ourselves, our heirs, personal representatives, successors, and assigns, jointly and <br />severally. <br />THE CONDITION OF THIS BOND Is that if Principal: <br />1. Performs the contract dated May 12 , 2015 , between Principal and Owner for <br />construction of 20th Avenue and 16th Street Intersection Improvements , the contract being <br />made a part of this bond by reference, at the times and in the manner prescribed in the <br />contract; and <br />2. Promptly makes payments to all claimants, as defined in Section 255.05(1), Florida <br />Statutes, supplying Principal with labor, materials, or supplies, used directly or indirectly <br />by Principal in the prosecution of the work provided for in the contract; and <br />3. Pays Owner all losses, damages, expenses, costs, and attorney's fees, including <br />appellate proceedings, that Owner sustains because of a default by Principal under the <br />contract; and <br />4. Performs theguarantee of all work and materials furnished under the contract for the <br />time 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 <br />with the 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 <br />with any formalities connected with the contract or the changes does not affect Surety's <br />obligation under this bond. <br />DATED ON May 13.2015 , <br />00610 - 3 <br />Timothy Rose Contracting, Inc. <br />Na u e of Principal <br />Westfield Insurance Company <br />(Name of Surety) <br />00610 - Public Conslnrctlon Bond <br />F:WublIc Worke1ENGINEERING DIVISION PROJECTS\0225 20th Ave and 16th St Intersection ImprovemenhAdrnkn'bkt <br />documenlsVrlester Contract Documents100610 . Public Construction Bond.doc <br />A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH, CLERK <br />