Okaloosa County BOCC — November 4, 2012 — Foxwood Drainage Closeout package — reading text

, 2012. ATTEST Aero Training & Rental, Inc. (PRINCIPAL) SECRETARY PRINCIPAL (SEAL) BY: (S) 537 Gulfshore Dr.,Destin, FL 32541 ADDRESS WITNESS AS TO PRINCIPAL Gulfshore Dr.,Destin, FL 32541] Western Surety Company ADDRESS SURETY Foxwood Drainage Repairs — Phase 1 Performance Bond H? PERFORMANCE BOND ATTEST waa/iiwaa biaucley WITNESS TO SURETY Marie M. Hartley, Witness Gary Spuller, Attorney in Fact 2800 Century Parkway NE Ste 300 2800 Cent Pay} NE Atlanta, GA 30345 Atlanta CA he” Ste 300 ADDRESS ADDRESS Note: Date of BOND must not be prior to date of Contract. This bond is given to comply with section 255.05 Florida Statutes, and any action instituted by a claimant under this bond for payrnent must be in accordance with the notice and time limitation provisions in Section 255.05(2), Florida Statutes. If CONTRACTOR is partnership, all partners should execute BOND. IMPORTANT: Surety companies executing BONDS must appear on the Treasury Department's most current list (Circular 570 as amended) and be authorized to transact business in the state where the project is located. Foxwood Drainage Repairs — Phase J Performance Bond H3 PAYMENT BOND KNOW ALL PERSONS BY THESE PRESENTS: that Bond No. 929547095 Aero Training & Rental, Inc. (Name of Contractor) 537 Gulfshore Drive, Destin, FL 3254] (Address of Contractor) A Corporation , hereinafter called Principal and (Corporation, Partnership, or Individual) Western Surety Company (Name of Surety) P.O. Box 5077, Sioux Falls, SD 57117 (Address of Surety) hereinafter called Surety, are held and firmly bound unto OKALOOSA COUNTY BOARD OF COUNTY COMMISSIONERS (Name of Owner) 101 EAST JAMES LEE BOULEVARD, CRESTVIEW, FL 32536 (Address of Owner) hereinafter called OWNER, and unto all persons, firms, and corporations who or which may furnish labor, or who furnish materials to perform as described under the contract and to their successors and assigns in the total aggregate penal sum of One Hundred. Forty Six Thousand Three Hundred One and no/100-~ Dollars ($ ) in iawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors, and assigns, jointly and severally, firmly by these presents. THE CONDITION OF THIS OBLIGATION is such that whereas, the PRINCIPAL entered into a certain contract with the OWNER, dated the day of ; 2012, a capy of which is hereto attached and made a = part hereof for Foxwood Drainage Repairs -— Phase I NOW, THEREFORE, if the PRINCIPAL shall properly make payment to all persons, firms, and corporations furnishing materials for or performing labor in the prosecution of the WORK provided for in such contract and any authorized extensions or modification thereof, including all amounts due for materials, lubricants, oil, gasoline, coal and coke, repairs on machinery, equipment and tools, consumed or used in connection with the construction of such WORK, and for all labor cost incurred in such WORK, including that by a SUBCONTRACTOR, and to any mechanic or material man lien holder, whether it acquires its lien by operation of State or Federal law, then this obligation shall be void, otherwise to remain in full force and effect. Foxsvood Drainage Repairs — Phase | Payment Bond PAYMENT BOND PROVIDED, that beneficiaries or claimants hereunder shall be limited to the SUBCONTRACTORS, and persons, firms and corporations having a direct contract — with the PRINCIPAL or its SUBCONTRACTORS. PROVIDED, FURTHER, that the said SURETY, for value received hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the contract or to WORK to be performed thereunder or the SPECIFICATIONS accompanying same shall in any way affect its obligation on this BOND, and does hereby waive notice of any change, extension of time, alteration or addition to the terms of the contract or to the WORK or to the SPECIFICATIONS. PROVIDED, FURTHER, that no suit or action shall be commenced hereunder by any claimant: (a) unless claimant, other than one having a direct contract with the PRINCIPAL, shall have given written notice to any two of the following: The PRINCIPAL, the OWNER, or the SURETY above named within ninety (90) cays after such claimant did or performed the last of the work or labor, or furnished the last of the materials for which said claim is made, stating with substantial 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 mail, postage prepaid, in an envelope addressed to the PRINCIPAL, OWNER or SURETY, at any place where an office is regularly maintained for the transaction of business, or served in any manner in which legal process may be served in the state in which the aforesaid project is located, save that such service need not be made by a public officer; (b) after expiration of one (1) year following the date of which PRINCIPAL ceased work on said CONTRACT, is being understood, however, that if any limitation embodied in the BOND is prohibited by any law controlling the construction hereof, such limitation shall be deemed to be amended so as to be equal! to the minimum period of limitation permitted by such law. PROVIDED, FURTHER, that it is expressly agreed that the BOND shall be deemed amended automatically and immediately, without formal and separate amendments hereto, upon amendment to the Contract not increasing the contract price more than twenty percent, so as to bind the PRINCIPAL and the SURETY to the full and faithful performance of the CONTRACT as so amended. The term “Amendment”, wherever used in this BOND, and whether referring to this BOND, or the CONTRACT DOCUMENTS, shall include any alteration, addition, extension, or modification of any character whatsoever. PROVIDED, FURTHER, that no final settlement between the OWNER and the PRINCIPAL shall abridge the right of the other beneficiary hereunder, whose claim may be unsatisfied. Foxwood Drainage Repaus — Phase | Payment Bond J2 IN WITNESS WHEREOF, this instrument is exe Shall be deemed an original, this the ATTEST (PRINCIPAL) SECRETARY aT (SEAL) WITNESS AS TO PRINCIPAL 53? Gulfshore Drive, Destin, FL 32541 ADDRESS ATTEST WITNESS TO SURETY Marie M. Hartley, Witness 2800 Century Parkway NE Suite 300 Atlanta, GA 30345 ADDRESS cuted in three counterparts, each one of which day of , 2012. Aero Training & Rental, Ine PRINCIPAL BY: (S) 53/7 Gulfshore Drive, Destin, FL 3254] ADDRESS Western Surety Company SURETY ho be B ATTORNEY-IN-BACT “ Gary Spuller, Attorney in Fact 2800 Century Parkway NE, Suite 300 Atlanta, GA 30345 ADDRESS Note: Date of BOND must not be prior to date of Contract. This bond is given to comply with section 255,05 Florida Statutes, and any action instituted by a claimant under this bond for payment must be in accordance with the notice and time limitation provisions in Section 255,05(2), Florida Statutes. If CONTRACTOR is partnership, all partners should execute BOND. IMPORTANT: Surety companies executing BONDS must appear on the Treasury Department's most current list (Circular 570 as amended) and be authorized to transact business in the state where the project is located. Foxwood Drainage Repairs — Phase J Payment Bond I3