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AIA Document A310 Bid Bond KNOW ALL MEN BY THESE PRESENTS, that we J.W. Cheatham, LLC 7396 Westport Place, West Palm Beach, FL 33413 (Here insert full name and address or legal title of Contractor) as Principal, hereinafter called the Principal, and SAFECO Insurance Company of America (Here insert full name and address or legal title of Surety) 5792 Widewaters Parkway, DeWitt, NY 13214 a corporation duly organized under the laws of the State of Washington as Surety, hereinafter called the Surety, are held and firmly bound unto Indian River County (Here insert full name and address or legal title of Uwner) Board of Commissioners, 18.00 27th Street, Vero Beach, FL 33960 as Obligee, hereinafter called the Obligee, In the sum of Five Percent of Amount of Attached Bid -----------------------------------------------=--------------------------------------- Dollars ($ ---5% of Bid--- ), for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal has submitted a bid for (Here insert full name, address and description of project) 17th Lane S.W. from 27th Avenue to East Appox 900', 20th Avenue from 21 Street S.W. to 17th Lane S.W., 17th Lane S.W. from Falcon to 20th Avenue Bid No. 2008073 - Project No. 0803, 0837, 0838 NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. Signed and,5. this 10th day of September, 2008 J.W. Cheatham, LLC (Witness) S. (Witness) (Principal) (Seal) (Title) SAFECO Insurance Comnanv of America A. Lower /(Title) Attorney -In -Fact AIA DOCUMENT A310 - BID BOND - AIA - FEBRUARY 1970 ED - THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 N.Y. AVE., N.W., WASHINGTON, D. C. 20006 ® Printed on Recycled Paper 9/93 (Seal)