Public_Construction_Bond.pdf

PUBLIC CONSTRUCTION BOND

BOARD OF COUNTY COMMISSIONERS,

WALTON COUNTY, FLORIDA

GRAYTON BEACH COMMUNITY CENTER

BY THIS BOND, We _________________________________________________, as Principal and ___________________________________________, a corporation, as Surety, whose address is , , Florida , are bound to

Walton County, Florida, a political subdivision of the State of Florida, hereinafter referred to as

"COUNTY", in the sum of ______________________________ DOLLARS

($________________), for the payment of which, we bind ourselves, our heirs, personal representatives, successors, and assigns, jointly and severally.

THE CONDITION OF THIS BOND is that the Principal:

1. Performs the Contract dated _______________________, 2024, between Principal and County for the construction of a 1,500-SF restroom facility with 1400-SF observation deck, located in Grayton Beach, Florida. Project also includes roadway improvements to Hotz Ave adjacent to the subject property, and improvements to the beach vehicle entrance at the end of

DeFuniak Street. Project includes the construction of a 6-ft wide beach access timber/composite decking boardwalk, the Contract being made a part of this bond by reference, at the times and in the manner prescribed in the Contract, and

2. Promptly makes payments to all claimants, as defined in Section 255.05(1), Florida

Statutes, supplying Principal with labor, materials, or supplies, used directly or indirectly by

Principal in the prosecution of the work provided for in the Contract; and

3. Pays County all losses, damages, expenses, costs, and attorney's fees, including appellate proceedings, that County sustains because of a default by Principal under the Contract;

and

4. Performs the guarantee of all work and materials furnished under the Contract for the time specified in the Contract, then this bond is void; otherwise, it remains in full force.

Any claims made against this bond shall be made in accordance with the notice and time limitations specified in Section 255.05(2), Florida Statutes.

Any changes in or under the Contract Documents and compliance or noncompliance with any formalities connected with the Contract or the changes do not affect surety's obligation under this bond.

Venue for any litigation resulting from this bond shall be Walton County, Florida.

Signed and sealed this ____ day of __________________, 2024.

ATTEST: PRINCIPAL

By: __________________________ By: ____________________ (SEAL)

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ATTEST: SURETY

By: __________________________ By: _________________________

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