HomeMy WebLinkAboutZoumas Contracting Corp ELIZABETH A. NEVILLE
TOWN Cr ,~,RK
REGISTHAH OF VIT.~L STATISTICS
1VL~ RL~GE OFFICER
RECORDS M-~C',IAGEMENT OFFICER
Toz~n Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
Fax (631) 765 6145
Telephone (631) 765-1800
southoldtown.nor thfork.iaet
OFFICE OF THE TOWN CLERK
TO%~N- OF SOUTHOLD
THIS IS TO CERTIFY THAT T~H~, FOI.I OWING RESOLUTION NO. 497 OF 2004
WAS ADOPTED AT THE REGULAR MEEThNG OF TI~ SOUTHOLD TOWN BOARD
ON JUNE 29, 2004:
RESOLVED that thc Town Board of the Town of Southold hereby approves the amount of the
performance bond estimate dated Mav 12, 2004 in the amount of $t43,250.00 te~ether with
on administration fee in the amount of $8,595.00 for the proposed Maior Subdivision of
Zoumas Contracting Corporation located at North Bayview Road, Southold, New- Yorl~
SCTM#1000-79-4-17.17 as recommended by thc Southold Town Planning Board, subject to the
approval of the Town Attorney.
Elizabeth A. Neville
Southold Town Clerk
June30,2004
Ms. Jeri Woodhouse, Chairxvoman
Southold To,~m Planning Board
Town Hall
53095 Main Road
P.O.Box 1179
Southold, NY 11971
Att: Mark Terry
PATRICIA C. MOORE
Attorney at La~v
51020 Main Road
Southold, N.Y_ 11971
Tel: (631) 765-4330
Fax: (631) 765-4643
Zonmas Contracting
Conservatiou Subdivision
Margaret Rutkowski
b,,Ieli~a g IcCJog~rm
Secretaries
Dear Mark:
Enclosed please fred Original Letter of Credit; in the mount of 5143,250.00 for road
improvements.
If you wish to discuss this further please do not hesitate to contact me.
VeJ;y-rrm~.yom's,..
cc: Town Engineer w/enclosure
JUL - 1 ~qr,~
SUFFOLK COUNTY
NATIONAl, BANK
June 23, 2004
Town of Southold
53095 Main Road
Southold, NY 11971
Re;
Zoumas Contracting Corp.
S.C.T.M. No. 1000-079-04-17.14 & 17.17
Dear Sir or Madam:
By order and for account of our client, Zoumas Contracting Corp., we hereby issue in your favor our irrevocabie
Letter of Credit No. 040623 up to an aggregate amount of $143,250.00 (One Hundred Forty Three Thousand
Two Hundred Fifty 00/100 UniLed States Dollars), effective Juae 23, 2004 and expiring at our 4 West Second
Street, Riverhead, New York 11901 office on June 23, 2005.
Funds under this Letter of Credit are available by your sight draft(s) drawn on us, indicating our Letter of Credit
No. 040623, and accompanied by:
"Beneficiaw's signed statement certifying that there has been a default in completing the requisites and
installations required under a site plan approval adopted 5/12/04 for the project referenced above."
Draft(s) drawn to state: "Drawn under The Suffolk County National Bank Letter of Credit No. 040623 dated
June 23, 2004."
We hereby engage with you to honor your draft(s) as specified above when accompanied by documents in
conformity with the terms and conditions of this Letter of Credit when presented to: The Suffolk County National
Bank, 4 West Second Street, Riverhead, New York 11901. Address all correspondence regarding this Letter of
Credit to The Suffolk County National Bank mentioning specifically our LetLer of Credit No. 040623.
It is a condition of this Letter of Credit that it shall be deemed automatically extended without amendment for
one additional year from the present expiration date, un[e,ss forty-five days (45) days pnor to any such date, we
shall notify you in writing by certified mail at the above listed address that we elect not to consider the Letter of
Credit renewed for any such additional period. [n such an event the Letter of Credit may be drawn on in the full
Except as far as otherwise expressly stated herein, this better of Credit is subject to the Uniform Customs and
Practice for Docomentaw Credits (1993 Revision) Intema!ional Chamber of Commerce Publications No. 500.
Sincerely,
David DeVito
Senior Vice President
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