Loading...
HomeMy WebLinkAboutSpecialty Contracting & Construction Labor and Material Payment Bond -1997 05 22 THE AMERICAN INSTITUTE OF ARCHITECTS THIS BOND HEREBY IS AMENDED SO THAT THE PROVISIONS AND LIMITATIONS OF SECTION 255,05 OR SECTION 713.23, flORIDA STATUTES, WHICHEVER IS APPLICABLE, ARE INCORPORATED HEREIN BY REFERENCE. AlA Document A311 labor and Material Payment Bond B:rrl #M320l8 THIS BOND IS ISSUED SIMULTANEOUSLY WITH PERFORMANCE BOND .IN FAVOR OF THE OWNER CONDITIONED ON THE FULL AND FAITHFUL PERfORMANCE OF THE CONTRACT KNOW ALL MEN BY THESE PRESENTS: that P.O. B:Jx 608003 Orla'rb Fl. 32860-8003 8I;a::ialty O:ntrccting & 0:rEtru::tim, :f.n:. (Here Inure lull n~me u.d uldrl'u or lecaJ rille 01 Conl~cto'l as Principal, hereinafter called Principal, and, O:ntrct..;lOr:S B:n::Urg am. Instlrarl::Je 0::Itp:lry (He", Innrl full name Ind oddress or logll 1111. af Surely) 200 s. I-Iarb:Ir:' City Bho.., Mte 402 ~ Fl. 32901 as Surety, hereinafter called Surety, are held and firmly bound unto City of Winter Spdng:; 1126 E. SR434 Winter ~ Fl. 32708 IHOIe In.... lull nome .nd .ddrOll ar lepl Iltle a( Owner) as Obligee. hereinafter called Owner, (or the use and benefit of claimants as hereinbelow defined, in the amount of nirety six ttn...~, fj~l1Jrrln::rlE.='iaht:v_& nollOO CHere In..'t . Ium eq".l ta U :.." ane.~.1I 01 the can".CI pricel Dollars ($ 96,')80.00 l, (or the payment whereof Principal and Surety bind themselves, the,ir heirs, executors, administrators, . succeSsors and assigns, jointly and severally, firmly by these presents. .WHEREAS, Principal has by written agreement dated m A" 2."l.. (Here In'.'l lull n.m., .ddre" .noJ Je.rrlptlon or p,oJ<><1I 19Q7, entered j~to a contract with Owner (or M:untEn:n:e B I; 1 ning &p:mim/Ca1tra1 Win:'ls Park in accordance with Drawings and Specificalions prepared by tH.", insert lutl n.me .nd .dd,e.. 0' leR.1 .ille or A,chile<:t1 Strollo Ard1ita:ts In::::DqDr:at:s:1 68 S. lvanh:e Elm. OrJ..arDo Fl. 32804 which contract is by reference made a p.Ht hereof, and is hereinafter referred to as the Contract. AlA DOCUMENT AJll . rERFORMANC~ BONO ^NO lABOR AND MATERI^L PAYMENT DONO . AlA @ FEBRUARY 1970 ED" THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 N,Y, ^VE., N.W., WASHINGTON. 0, C.20006 3 "", . l LABOR AND MATERIAL PAYMENT BOND NOW, T1tERHORE, THE CONDITION OF THIS OBlIC^lION is such thaI, if Principal shall promptly make payment to .111 c1Jimant~ as hereinafter d~fined, for all labor and mJtcriJI used or reason:lbly required (or use in the performance of the Contr:lct, then this obligation shall be void; olherwise it shall remain in (ull (orce and effect, subject, however, to the (01- lowing conditions: 1. A claimant is defined as one having a direct con- tlact with the Principal or with a Subcontractor or the Principal ror labor, material, or both, used or reasonably required for use in the perrormance o( the Contract, labor and maleriJI being construed to include that part of WOller, gas, power. light, heat, oil, gasoline, telephone service or rental of equipment directly applicable to the Contract. ' 2, The above named Principal and Surely hereby joinlly and scverally agree with the Owner that every claimant as herein defined, who has not been paid in (ull before the expiration of. a period of ninety (<JO) days a(ler the dale on which the lasl of such claimant's work or labor was done or performed, or materials were furnished by such claimant, may sue on this b~nd (or the use of such claimant, prosecute the sui! to final judgment Jar such sum or ~ums as may be justly due claimant, and have execution Ihereon, The Owner shall not be liable ror .the payment of any casts or expenses 0/ any such suit. 3, No suit or action shall be commenced hereunder by any claimant: a) Unless claimant, olher Ihan one having a direct conlract with the Principal, shall have given written notice 10 any two o( the following: the Principal, lhe Owner, or the Surety above named, wilhin ninety (90) days aller such claimant did or performed the last of the work or lanor, or furnished the last of lhe materials ror which said claim is made, slaling with substantiJI .., ..,. ~ Q Signed and sealed this <''' accuracy the amount claimed and the name of the party to whom the materials were furnished, or for whom the work or labor was done or performed, Such notice shall be served by mailing the same by registered mail or certified maill postage prepaid, in an envelope ad- dressed 10 the Principal, Owner or Surety, OIl any place where an office is regularly maintained for the trans- action of business, or Served In any manner in which legal process may he served in Ihe slate In which the aforesaid project is located, save that such service need not be made by a public officer. bl After the expiration of one (11 year following Ihe date on which Principal ceased Work on said Contract, it being understood, however, that if any limitation em- bodied in this bond is prohibited by any law controlling the construction hereof.. such limitation shall be deemed to be amended sa as to be equal 10 the minimum period of limitation permilted by ~uch law. c) Other than in a state cout! of compelent jurisdiction in and for the county or other, political subdivision of the stale in which the Project, or any part thereof, is situated, or in the United Slates Districl Court for the district in which the Project, or any part thereof, is sit- uated, and not elsewhere, 4, The amount o( this bond shall be reduced by and to the extent o( any payment or payments made in good faith hereunder, inclu~ive of the payment by Surety o( mechanics' liens which may be riled of record against said improvement, whelher 01 nol claim (or the amount o( such lien be presented under and against this bond, day of hA Po ~ 19 Oj7 ~_ \ ~-<L _ (Wilnt""\, ' d1A.I':;J-JI) ;;(. ~ Patric:ia L. SJ..auj.1.ter (Wi/m', S3:::retary ~ty O:ntrccting, & 0:rBtJ:u:tirn, In::. (Princiral) IS..II \0~ M;~,fJo---r ~ -- " 15<>'11 Ie'! Attar:rey in FOCi: &, FJ.nOda f€sida1t 19:nt AI" OOCUM(NT 1.]11 ' 1'(~roRM^NCE BOND AND lAnOI{ AND MATEKIAl rAYMlNT BONO . AlA Il) JEBRUAKY mn m.' THE AMERICAN INSTITUTE OF M1CHIHC1S, '71~ N,Y, AVE" H,W., WMHINCTON, D,-C. 2000~ 4