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>w <br /> SECTION 00612 - Payment Bond <br /> KNOW ALL MEN BY THESE PRESENTS : <br /> BY THIS BOND , we <br /> J . W . Cheatham , LLC <br /> 7396 Westport Place <br /> West Palm Beach , FL 33413 561 - 471 - 4100 as Principal <br /> (Contractor) , <br /> (insert name, principal business address, and telephone number of Princlpal/Contractor) <br /> and <br /> SAFECO Insurance Company of America <br /> 5792 Widewaters Parkway <br /> DeWitt , NY 13214 315 - 449 - 2842 , 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 , 1800, 27th Street, Vero <br /> Beach , Florida 3 96% 7 2-5d67F 8000) <br /> in the sum of u„ n� , Sixty NineVann' t4 l�y�tgand , _ Eight _ Dollars ($ 648 , 869 . 41) , <br /> amounting to 100% of the .total bid price. For the payment of said sum we bind ourselves, our <br /> heirs , executors, administrators and assigql jointly and everaliy, for the faithful performance <br /> of a certain written Contract, dated the day of , 20AL, <br /> entered into between the Principal and the County of Indian Riv r, for: <br /> Bond Number: 6554643 <br /> Project Name : Powerline Road from C . R. 510 North to the Sebastian City <br /> County Project Number: 0217 <br /> Project Address: Powerline Road from C . R . 510 North to the Sebastian City <br /> Limits <br /> Project Description : The project will consist of the Paving and Drainage <br /> Improvements in Indian River County <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 <br /> labor, materials , or supplies, used directly or indirectly by Principal in the prosecution <br /> of the Work provided for in the Contract. <br /> 2 . Florida Statutes Section 255 . 05 (2002) , as amended from time to time , together with <br /> all notice and time provisions contained therein , is incorporated herein in its entirety <br /> by this reference . <br /> 00612 - Payment Bond <br /> 00612 - 1 <br /> F*WrVneerk*Ca01w PraiectW217-Powariine Ro"Bid Oocumente=612 - Pryment Bond.doe Rev. 06M <br />