HomeMy WebLinkAboutThe Orchards OFFICE LOCATION: �e aF S MAILING ADDRESS:
. Town Hall Annex �� ��� P.O. Box 1179
54375 State Route 25 Southold, NY 11971
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(cor. Main Rd. &Youngs Ave.)
Southold, NY Telephone: 631 765-1938
www.southoldtownny.gov
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PLANNING BOARD OFFICE
TOWN OF SOUTHOLD
September 9, 2025
Mr. Steven A. Martocello
24 Miller Woods Drive SEP 1
Miller Place, NY 11764
Re: Accept Performance Bond -�r—
The Orchards Standard Subdivision
Located at 2595 Orchard Street, Orient
SCTM#1000-27-1-3 Zoning District: R-80
Dear Mr. Martocello:
The Southold Town Planning Board adopted the following,resolution at a meeting held
on Monday, September 8, 2025:
WHEREAS, this proposal is for a Clustered Standard Subdivision to subdivide a 13.3-
acre parcel into five lots, and
WHEREAS, on January 1,3, 2025 the Southold Planning Board issued Conditional Final
Plat Approval; and
WHEREAS, on July 21, 2025, the Southold Town Engineer prepared a bond estimate in
the amount of$99,385.00 with an administrative fee in the amount of$5,963.10; and
WHEREAS, on July 28, 2025 the Southold Town Planning Board accepted the bond
estimate dated July 21, 2025 in the amount of$99,385.00; and
WHEREAS, on August 25, 2025 the applicant submitted a letter of security from Dime
Bank in the amount of $99,385.00; therefore be it
Orchards Standard Subdivision Page 12 September 9, 2025
RESOVLED, that the Southold Town Planning Board hereby accepts the Performance
Bond in the form of a letter of security from Dime Bank in the amount of$99,385.00 and
recommends same to the Town Board,
If you have any questions regarding the information contained in this resolution, please
contact the Planning Department.
Respectfully,
)6.. H- �
James H. Rich III
Chairman
Dime Community Bank
898 veterans Memorial Highway
Suite 560
Hauppauge,NY 11788
DIME
1-800321-Dime(3463)
dim
diine.com
S v 64-"
August 20; 2025
Town Board of'Southold
53095 State Route 25' AUG .2 5 2025
PO Box 11799 SOUTHOLD TOWN
PLANNING BOARD
Southold, NY 11971
RE:The OrchaedS.Standard Subdivision
Located at 259.5.Orchard Street, Orient
SCTM#'1000-27-1.3 Zoning District R-80
Dear-Members of the Town Board of Southold:
We hereby acknowledge that a Money Market_Acco.unt is held as security to the attached
-performance bond and that.no funds.will be released unless authorized bya resolution of the.
Town Board.
Please be further:advised that we have placed a hold on the Money Market Account 45000489012
in the amount of Ninety-Nine Thousand Three Hundred and Eighty-Five Dollars and No Cents'
($99,385.00).
The Money Market Account is in the name of East End Holding Company, LLC,as-guarantor of the
bond.
Dime.Bank is located and authorized to do business.in;the State of New York and. maintains an
Office for the transaction of its business in the Town of Southold.
A hold, ill remain on the Money Market Account until'we receive written notification from an
authorized representative of,the Town of Southold stating that, "East End Holding Company, LLC
has performed in accordance.with the with the.terms.of conditions of the Final Plat Approvat
required by the Town of Southold."
Dime will maintain;an executed'withdrawai'slip made p.ayable`to the Town of-Southold and_/or a_n
assignment.of the right to the funds upon a default:
5incer
Da ' Baraak,SVP
Regional Manager
Dime Community Bank
209 West Main Street, Riverhead NY 1190.1
(631)537-1000,x8940