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' SECTION 00612 = PAYMENT BOND <br /> ' KNOW ALL MEN BY THESE PRESENTS : <br /> BY THIS BOND , we <br /> as Principal (Contractor) , <br /> ' ( Insert name , principal business address , and telephone number of Principal/Contractor) <br /> and <br /> a corporation , 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 (Owner) , Florida , 1840 , 25th Street , Vero <br /> Beach , Florida 32960 , (772-567-8000 ) , <br /> ' in the sum of Dollars ($ ) , <br /> amounting to 100 % of the total bid price . For the payment of said sum we bind ourselves , our heirs , <br /> executors , administrators and assigns , jointly and severally, for the faithful performance of a certain <br /> written Contract, dated the day of , 20 , entered into between <br /> ' the Principal and the Countyof Indian River, for: <br /> Bond Number: <br /> ' Project Name : EAST GIFFORD STORMWATER IMPROVEMENTS <br /> County Project Number 9219 <br /> Project Address : The project is located south of 43`d Street , north of South Gifford <br /> ' Road (41st Street) , west of U . S . Highway 1 , and east of the Indian <br /> River Farms Water Control District , <br /> Project Description : The Contractor shall construct a storm%eter collection , <br /> ' conveyance , and detention system (6 + acre wet pond ) in a poorly <br /> drained area west of the Florida East Coast Railroad track. It shall <br /> also construct a stormwater collection and conveyance system in <br /> the western right-of-way of U . S . Highway No . 1 . Stormwater runoff <br /> ' will drain into concrete drainage structures and it wll be conveyed <br /> by concrete pipe . The Work also includes a bore and jack <br /> underneath the railroad track. The project is in the vicinity of the <br /> City of Vero Beach Municipal Airport and it will be regulated by the <br /> Federal Aviation Authority. Other permitting authorities include St. <br /> Johns River Water Management District and the Florida Department <br /> ' of Transportation . <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 Principal <br /> ' 4/09/03 PAYMENT BOND — ADDENDUM # 1 00612A <br /> R\Public Works\KeithM\Storrnmter Projects\Efford East\Construction Contract\Bidding & Contract Documents\Bidding & Contract <br /> Documents\00612 - Payment Bond - ADDENDUM #1 .doc <br />