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BK : 2122 PG : 343 <br /> SECTION 00612 - Payment Bond <br /> KNOW ALL MEN BY THESE PRESENTS: <br /> BY THIS BOND, we <br /> SHELTRA & SON CONSTRUCTION CO . INC . <br /> P . 0 , BOX 336 <br /> INDIANTOWN9 FLORIDA 34956 1 - 772 - 597 - 3180 as Principal <br /> (Contractor), <br /> (Insert name, principal business address, and telephone number of PrincipallContractor) <br /> and <br /> GREAT AMERICAN INSURANCE COMPANY <br /> 580 WALNUT STREET <br /> CINCINNATI OHIO 45202 1 -800 - 331 -3379 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 /> inthesumof mNliaLrNfacxNmDKm­wmtzwrEwmaRDsmY-Ew & %= Dollars ($10 , 142 ,868 . 95), <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 12TH day of DECEMBER 20 06 <br /> entered into between the Principal and the County of Indian River, for. <br /> Bond Number. 417 - 45 -65 <br /> Project Name: Oslo Road (CR 606 ) Phase I Roadway Widening <br /> County Project Number: 9705C- <br /> Project Address: Oslo Road (CR 606) from West of Old Dixie Highway to <br /> 27th Avenue <br /> Project Description : Widening of Oslo Road from West of Old Dixie Highway to <br /> 27"' Avenue to a 5-lane Roadway including construction of <br /> Stormwater Facilities and Sub-Lateral Canal Enclosure <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 L <br /> labor, materials, or supplies, used directly or indirectly by Principal in the prosecution a <br /> of the Work provided for in the Contract. f <br /> 2. Florida Statutes Section 255. 05 (2005), as amended from time to time, together with Z Y <br /> all notice and time provisions contained in Florida Statutes Section 255.05 (2002) , is w <br /> incorporated herein in its entirety by this reference. z <br /> 0 <br /> The Surety, for value received , hereby stipulates and agrees that no charge, extension of time , O~ <br /> c¢i p <br /> alteration of or addition to the terms of the Contract or to the work to be performed thereunder LLL ¢ <br /> 00612 - Payment Bond 2006079 Cr � m <br /> 00612 - 1 1— L Y <br /> FWuMlc WmSTA" Praj is to Rpaaroft Wld np Old om W 27 Ave=N TDOCUMEMn00912 - PBMr Bond 20 79.d eM. 0SN1 Q V <br /> I <br />