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2007-268
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2007-268
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Last modified
6/14/2016 12:12:42 PM
Creation date
9/30/2015 11:03:49 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/04/2007
Control Number
2007-268
Agenda Item Number
7.W.
Entity Name
Summerlin's Marine Construction LLC
Subject
North Sebastian Conservation Boardwalk
Area
North Sebastian Conservation Boardwalk
Bid Number
2007035
Supplemental fields
SmeadsoftID
6499
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BK : 2211 PG : . 109 <br /> Bond No . . F19681 <br /> Unless claimant, other than one having direct contract with the Principal, shall within forty-five (45) <br /> days after beginning to famish labor, materials or supplies for the prosecution of the work, furnish the <br /> Principal and Surety with a notice that he intends to look to this Bond for protection . <br /> Unless claimant, other than one having direct contract with the Principal, shall within ninety (90) <br /> days after such claimant's performance of the labor or complete delivery of materials or supplies, <br /> deliver to the Principal and Surety written notice of the performance of such labor or delivery of such <br /> materials or supplies and the nonpayment therefore. <br /> After the expiration of one ( 1 ) year from the performance of the labor or completion of delivery of the <br /> materials or supplies; it being understood, however, that if any limitation embodied in this Bond is <br /> prohibited by any law controlling the construction hereof, such limitations shall be deemed to be <br /> amended, so as to be equal to the minimum period of limitation permitted by such law. <br /> Other then in a state court of competent jurisdiction in and for Indian River County, Florida, or in the <br /> United States District Court for the Southern District of Florida, and not elsewhere. <br /> The Surety, for valhe 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 or to <br /> the Specifications applicable thereto, shall in any way affect its obligations on this Bond, and the <br /> Surety hereby waives notice of any such change, extension of time, alterations of or addition to the <br /> terms of the Contract, or to do the work or to the Specifications. <br /> The Surety represents and warrants to the County of Indian River that it has a Best's Key Rating <br /> Guide, General Policyholder's rating of "A" and Financial Size Category of Class "X". <br /> The Principal and Surety jointly and severally covenant and agree that this Bond will remain in full <br /> force and effect for a period of one ( 1) year commencing on the date of Final Completion as <br /> established on the Certificate of Final Completion as issued by the County of Indian River. <br /> The Principal and Surety jointly and severally, agree to pay the County of Indian River all losses, <br /> damages, expenses, costs, and attorney's fees, including appellate proceedings that the County of <br /> Indian River sustains because of a default by the Principal under the Contract. <br /> In Witness Whereof, the above bound parties executed this instrument under their several seals, this <br /> 27th day of September 20.L7, the name and corporate seal of <br /> each corporate party being hereto affixed and these presents duly signed by its undersigned <br /> representative, pursuant to authority of its governing body. <br /> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . " ason . . . . . . . . . . . . . . . . Magog . . . Roma se . <br /> When the Principal is and Individual: <br /> Signed, sealed and delivered in the presence of: <br /> Witness Signature of Individual <br /> Address Printed Name of Individual <br /> Page 46 of 57 <br /> A TRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> J .K. BARTON, CLERK <br />
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