Okaloosa County BOCC — December 16, 2014 — CATHEY CONSTRUCTION — reading text

of the contract or to the work to be performed thereunder or the Specifications accompanying the same shall in any way affect its OKALOOSA COUNTY PFB-1 PEHFORMANCE BOND NORTHWEST FLORIDA REGIONAL AIRPORT BID DOCUMENTS SECURITY CHECKPOINT EXIT LANE GONTROLS SYSTEM 201-0940-011 obligations on this bond, and it does not hereby waive notice of any such 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 final settlement between the Owner and the Contractor shall abridge the right of any beneficiary hereunder, whose claim may be unsatisfied. IN WITNESS WHEREOF, this instrument is executed in six (6) counterparts, each one of which shall be deemed an original, this the day of » 20_. ATTEST: Pri ~~ Secretary ftp les wrdeses WitheSs as to Surety Prncpal Address ATTEST: WC urety) Secretary Jo M Chonko Witness as to Surety 1418 W. 23rd St. Suite 200 Panama City, FL 32405 Address Date of bond must not be prior to date of Contract Cathey Constfiction & Development Tall 103 N 30th Street Mexico Beach,FL 32410 Address SEAL: Fidelity and Deposit Company of Maryland Surety fR— Attorney-in-Fact Michael W Brown 1418 W. 23rd Street Panama City,FL 32405 Address SEAL: OKALOOSA COUNTY PFB-2 NORTHWEST FLORIDA REGIONAL AIRPORT SECURITY CHECKPOINT EXIT LANE CONTROLS SYSTEM PERFORMANCE BOND BID DOCUMENTS 201-0940-011 OKALOOSA COUNTY NORTHWEST FLORIDA REGIONAL AIRPORT SECURITY CHECKPOINT EXIT LANE CONTROLS SYSTEM Bond # PRFO8007646 PAYMENT BOND KNOW ALL MEN by these presents; That we (1)_Cathey Construction & Development LLC a (2)__Lintted Liability Company hereinafter called “Principal” and (3)_Fidelity and Deposit Company of Maryland of_1400 American Lane, Schaumburg State of _Ittinols , hereinafter call the “Surety”, are held and firmly bound unto (4)_ Okaloosa County Board of County Commissioners of State of Florida , hereinafter called “OWNER”, in the penal sum of Four Hundred Ninety Six Thousand Eight Hundred Forty-Six and NO/100---- dollars ($.496,846.00_) in lawful moncy of the United States for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators and successors, 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 , 2014, a copy of which is hereto attached and make a part hereof for the construction of: __. SECURITY CHECKPOINT EXIT LANE CONTROLS SYSTEM AT NORTWEST FLORIDA REGIONAL AIRPORT, OKALOOSA COUNTY, FLORIDA NOW, THEREFORE, if the Principal shall promptly make payments to all persons, firms, subcontractors, and corporations furnishing materials for or performing labor in the prosecution of the work provided for in such contract, and any authorized extension 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 all insurance premiums on said work, and for all labor, performed in such work, whether by subcontractor or otherwise, then this obligation shall be void; otherwise to remain in full force and effect. OKALOOSA COUNTY PYB-t PAYMENT BOND NORTHWEST FLORIDA REGIONAL AIRPOAT BID DOCUMENTS SECURITY CHECKPOINT EXIT LANE CONTAOLS SYSTEM 201-0940-011 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 the work to be in any wise affect its obligation on this bond, and it does hereby waive notice of any such changes, extension of time, alteration or addition to the terms of the contractor or to the work or to the Specifications. PROVIDED, FURTHER, that no final settlement between the Owner and the Contractor shall abridge the right of any beneficiary hereunder, whose claim may be unsatisfied. IN WITNESS WHEREOF, this instrument is executed in six (6) counterparts, each one of which shall be deemed an original, this the day of 2014 ATTEST: Cathey Construction & Development Lig “ae Secretary w Briah Cathey, MG™ Ci Lt plod, Maguire sana ia Witness as to-Surety- Prince? / Mexico Beach,FL 32410 Address Address SEAL: ATTEST: Fidelity and Deposit Company of Maryland Om Oso Suby (Surety) Secretary / yea Attorney-in-Fact Jo M. Chonko Michael W Brown Witness as to Surety 1418 W. 23rd St. Suite 200, Panama City, FL 32405 1418 W.23rd Street Ste 200 Panama City,FL 32405 Address Address SEAL: OKALOOSA COUNTY PYB-2 PAYMENT BOND NORTHWEST FLORIDA REGIONAL AIRPORT BID DOCUMENTS SECURITY GHECKPOINT EXIT LANE GONTROLS SYSTEM