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BK : 1686 PG : 34
<br /> SECTION 00612 - Payment Bond This Bond Complies with
<br /> ' the Terrorism Risk
<br /> KNOW ALL MEN BY THESE PRESENTS: Insurance Act of 2002
<br /> BY THIS BOND , we (TRIA)
<br /> Barth Construction, Inc.
<br /> ' 1717 Indian River Boulevard #202A
<br /> Vero Beach , FL 32960 (772) 7784072 as Principal
<br /> (Contractor) ,
<br /> (insert name, Principal business address, and telephone number of Principal/Contractor)
<br /> ' and
<br /> Continental Casualty Company
<br /> CNA Plaza
<br /> Chicago, IL 606B5 (312) 822-5000
<br /> a corporation ,
<br /> ' as Surety,
<br /> (Insert name, principal business address , and telephone number of Surety)
<br /> are held and firmly bound unto the County of Indian River, Florida, 1840, 25th Street, Vero
<br /> Beach, Florida 32960 , (561 -567-8000),
<br /> in the sum Of Two Million Two Thousand One Hundred Thirty Nine Dollars and 91/100 Dollars ($2,002,139.91 )
<br /> amounting to 100% of the total bid price. For the payment of said sum we bind ourselves , 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: 929299344
<br /> Project Name: NORTH COUNTY REGIONAL PARK, PHASE 2
<br /> ' County Project Number: 0399
<br /> Project Address : 9450 COUNTY ROAD 512, SEBASTIAN , FL 32958
<br /> Project Description : Construction of four (4) multipurpose baseball fields , concession
<br /> stand/press box building , maintenance building, electrical building, three (3) stormwater
<br /> retention lakes, mitigation, playground, lighting and related items.
<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 /> 1 . A claimant, as defined in Florida Statutes Section 255.05(1 ), supplying Principal with
<br /> labor, materials , or supplies , used directly or indirectly by Principal in the prosecution
<br /> of the Work provided for the Contract.
<br /> 2. Florida Statutes Section 255 .05 (2002), as amended from time to time , together with
<br /> all notice and time provisions contained therein , is incorporated herein in its entirety
<br /> by this reference
<br /> The Surety, for value received , hereby stipulates and agrees that no charge, extension of time ,
<br /> alteration of or addition to the terms of the Contract or to the work to be performed thereunder
<br /> or to the Specifications applicable thereto, shall in any way affect its obligations on this Bond,
<br /> ' 0399.00612 - Payment Bond.doc
<br /> 00612 - 1
<br /> F:tEngineering\Capaal ProjectsV=9 North County Regional Park, Phase IK0399 Contract Doos\0399.00612-Payment Bond.doc Rev. 05MI
<br /> ' A TRUE COPY E
<br /> CERTIFICATION ON LAST PAG
<br /> ,J , K . BARTON , CLERK
<br />
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