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BK : 2145 PG : 2451 <br /> Public Work F . S. Chapter 255 .05 Bond No. 3373362 <br /> (1 )(a) Cover Page forms and SECTION 00612 Executed in 2 Counterparts <br /> becomes a part of this bond . <br /> PAYMENT BOND <br /> KNOW ALL MEN BY THESE PRESENTS: <br /> BY THIS BOND, we Derrico Construction Corporation as Principal , and <br /> Great American Insurance Company , a corporation , as <br /> Surety, are held and firmly bound unto the County of Indian River, Florida , in the sum of Two <br /> Hundred Fifty Six Thousand Six Hundred Ninety One & 00/100ths <br /> Dollars ($ 256 691 .00 ) , amounting to 100% <br /> of the total bid price. For the payment of said sum we bind ourselves, our heirs, executors, <br /> administrators and assign <br /> � s, jointly and� sev rally, for the faithful performance of a certain written <br /> Contract, dated the fyday of // /afC.� entered into between the <br /> Principal and the County of Indian River, for: <br /> Project Name: Hobart Industrial Park Water Main Extension <br /> County Project Bid Number: 2007036 <br /> UPC Number: 2387 <br /> Project Location : 77"' Street just West of Old Dixie Highway, Indian River County , FL <br /> Project Description : <br /> PROJECT DESCRIPTION IS NOT INCLUDED AT THIS TIME <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 defined below, then this obligation <br /> shall be void; otherwise , this Bond shall remain in full force and effect, subject to the following <br /> terms and conditions: <br /> 1 . A claimant is defined in Florida Statutes Section 255. 05 ( 1 ) means all persons <br /> defined in Florida Statutes Section 713.01 (2005) who furnish labor services, <br /> materials or supplies, used directly or indirectly by the Principal or any <br /> subcontractor in the prosecution of the Work provided for in said Contract. <br /> 044572007 <br /> 00612 - 1 ATRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> J.K. BARTON, CLERK <br />