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This bond voids and replaces
<br />one issued on 10/16/2008
<br />SECTION 00610
<br />PERFORMANCE BOND
<br />Bond No, 3344409
<br />Executed in 2 Counterparts
<br />THIS IS AN INSTRUCTION, NOT PART OF THE BOND, The bond must state on its front page: the
<br />name, principal business address, and phone number of the contractor, the surety, the owner of the
<br />property being Improved, and, if different from the owner, the contracting public entity; the contract
<br />number assigned by the contracting public entity; and a description of the project sufficient to Identify
<br />it, such .as a legal description or the street address of the property being improved, and a general
<br />description of the improvement, and the bond number,
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />Derrico Construction Corporation,
<br />BY THIS BOND, we 101 West Brevard Drive, Melbourne, FL 32935-1177 (321) 254-2291 as Principal,
<br />and Great American Insurance Comoanv 580 Walnut StE@VL Cincinnati OH 45202 (513) 369-!5000 a corporation, as
<br />Surety, are held and firmly bound unto the Count of Indian River,
<br />Y Florida, In the SUM Of Four Hundred Ninety
<br />Thousand Two Hundred Twenty Nine & No/100ths Dollars $ 497,229.000
<br />), amounting to 100 /o of the total bid price. For the
<br />payment of said sum we bind ourselves, our heirs, executors, administrators and assigns, jointly and
<br />severally, for the faithful performance of a certain written Contract, dated the 14t___�_n day of
<br />October 2008, entered into between the Principal and the County of Indian River, for:
<br />Project Name:
<br />County Project Bid Number: 2008072
<br />County UCP Number: 3014
<br />Project Address: Sa_, n Seb
<br />Project Description,
<br />CONTRACTOR shall complete all work as specified or indicated in the Contract Documents. The
<br />work is generally described as follows which shall include, but is not necessarily limited to the
<br />following:
<br />Furnish and install about 12,000 LF of 6" PVC water main, 1,500 LF of 4" PVC water
<br />main, 1,500 LF of 211
<br />1
<br />PE water main, 16 fire hydrants, 131 water services and rests ratio
<br />A copy of said Contract is incorporated herein by reference and is made a part he as if fully
<br />copied herein.
<br />NOW, THEREFORE, THE CONDITIONS OF THIS OBLIGATION ARE SUCH, that if the Principal
<br />shall in all respects comply with the terms and conditions of said Contract and its obligations
<br />thereunder, including all of the Contract Documents therein referred to and made a part thereof, and
<br />such alterations as may be made in the Contract Drawings and Specifications as therein provided for,
<br />and shall indemnify and save harmless the County of Indian Giver against and from all expenses,
<br />costs, and attorney's fees, Including appellate proceedings, as set forth in the Contract, that Owner
<br />sustains because of a damages, injury or conduct, want of care of skill, negligence or default,
<br />including patent infringement on the part of the Principal, his agents or employees, in the execution 'or
<br />performance of said Contract, and further, if the Principal shall promptly make payments to'all who
<br />supply him with labor and/or materials used directly or indirectly by the Principal in the prosecution of
<br />the Work provided for in said Contract, then this obligation shall be null and void; otherwise, the
<br />Principal and Surety, jointly and severally, agree to pay Indian River County any difference between
<br />the sum that Indian River County may be obliged to pay for the completion of said Work, by contract
<br />or otherwise, and any damages, whether direct, indirect, or consequential, including reasonable
<br />1955480
<br />THIS DOCUMENT HAS BEEN 00610-1
<br />RECORDED IN THE PUBLIC RECORDS
<br />OF INDIAN RIVER COUNTY FL
<br />BK: 2300 PG:1024, Pagel of 7
<br />10/28/2008 at 10:29 AM,
<br />JEFFREY K BARTON$ CLERK OF COURT
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