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HomeMy WebLinkAboutBathing Beach-Goose Creek-1977OFFICE, ~ RNEY TD D 4'~5 MAIN ST. [3REENPBRT, L. I;, N.Y. 11944 July 14, 1977 lion. Albert M. Martoccbia Supervisor of the Town of Southold 53095 Main Street Southold, New York 11971 Re: Acquisition of Land at Southold from Herbert Dear Sir: Enclosed herewith is a Closing Statement with respect to the closing of the Herbert parcel on July 13, 1977. Also enclosed is a statement show- ing the disbursement of funds for this purpose. As I previously advised you, all of the proceeds of the bond anticipation note rnust be either used for the acquisition of the project and if there are any fonds remaining they may only be used for debt service. Yours very tru~y, ~ RWT :MY Enclosures Purchaser': Seller: Premises: Date: CLOSING STATEMENT TOWN OF SOUTtIOLI) KATIIERtNE A. HERBERT At the intersection of North Road to Bayview and North Parish Drive, Southold, New York July t3, 1977 Purchase Price ADJUSTMENTS Credit Seller: (1) Southold Town Taxes 1/2 year = Less: Penalties $3.74 Interest 3.93 Credit Purchaser: (1) Recording fees Satisfactioa of Cron mortgage Satisfaction of E. L. I. hospital judgment $39.30 7.67 $31.63 $ 5.25 5.25 PAID AS FOLLOWS: (1) Check No. 4 of Town of Southold drawn on Chemical Bank, Southold, dated July 13, 1977 to the order of Richard J. Cron, en- dorsed Payment Approved by Katherine A. Herbert (satisfaction of Cron mortgage) (2) Check No. 3 of Town of Southold dra%vn on Chemical Bank, Southold, dated July 13, 1977 to the order of E.L.I. Hospital and George Miller endorsed Payment Approved by Katherine A. Herbert (satisfaction of E. L.I. Hospital judgment) (3) Check No. 5 of Town of Seuthold dated July 13, 1977 to order of Katherine A. Herbert (balance of purchase price) 10.50 $3,500.00 686.83 4,134.30 $8,300.00 21.13 $8,321.13 $8,321.13 OTHER EXPENSES OF PURCHASE (1) Roderick Van Tuyl, P.C. Survey (2) Title Guarantee Company Insurance fee $139.00 Recording deed 5.00 Recording sat. of mortgage 5.25 Recording sat. of judgment (3) County Treasurer, Suffolk County 1976-77 Southold Town Taxes plus penalties and interest Check No. 1 5.25 Check No. 6 Check No. 2 $ 75.00 154.50 82.53 NOTICE The the 24th day of May obligations authorized by such resolution published herewith has been adopted cu , 19 77· and the validity of the resolution may be hereafter contested only if such obligations were authorized for an object or purpose for which the Town of Southold, New York, is not authorized to expend money or if the provisions of law which should have been complied with as of the date of publication of this notice were not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the publication of this notice, or such obligations were autho- rized in violation of the provisions of the constitution. JUDITH T. T~[7IY Town Clerk BOND RESOLUTION OF THE TOWN OF SOUTiIOLD, NEW YORK, ADOPTED May 24 , 1977, AUTHORIZING THE ACQUISITION OF CERTAIN LAND SITUATE IN SAID TOWN, FOR RECREATIONAL PURPOSES, STATING THE ESTIMATED MAXIMUM COST THEREOF IS $9,000, APPRO- PRIATING SAID AMO[~NT THEREFOR AND AUTHORIZING THE ISSUANCE OF $9,000 SERIAL BONDS OF SAID TOWN TO FINANCE THE BALANCE OF SAID APPROPRIATION. RESOLVED BY THE TOWN BOARD OF THE TOWN OF SOUTHOLD, IN THE COUNTY OF SUFFOLK, NEW YORK (by the favorable vote of not less than two-thirds of all the members of said Board) AS FOLLOWS: Section 1. The Town of Southold (herein called "Town"), in the County of Suffolk, New York, is hereby authorized to acquire the certain piece or parcel of land, situate in the Town, for ~e- creationalpurposes, said piece or parcel of land being more particularly described by metes and bounds, as follows: BEGINNING at the corner formed by the intersection of the northerly side of North Parish Drive with the easterly side of North Road to Bayview, and from said point of beginning running thence along the easterly side of North Road to Bayview, North 14 degrees 25 minutes 20 seconds West 182.46 feet to land of Town of Southold; running thence along the southerly and westerly side of land of the Town of Southold the following two courses and distances: (1) South 82 degrees 30 minutes 20 seconds East 160.13 feet; (2) South 14 degrees 05 minutes 10 seconds West 178.71 to the North Parish Drive; running thence along the northerly side of North Parish Drive, North 75 degrees 54 minutes 50 seconds West 72.0 feet to 'the point or place of beginning. BEING and intended to be the same prem~ises conveyed The estimated maximum cost of said specific object or purpose, in- cluding preliminary costs of maps, plan, surveys and estimates and costs incidental thereto and the financing thereof, is $9,000 and the said amount is hereby appropriated therefor. The plan of finan- cing includes the issuance of $9',000 serial bonds of the q?own . to finance said appropriation and the levy and collection of a tax upon all the taxable real property in the T.o~n to pay the prin- cipal of and interest on said bonds. Section 2. Pursuant to the provisions of the Local Finance Law, constituting Chapter 33-a of the Consolidated Laws of the State of New York, (herein called "Law"), serial bonds of the '.<Po~vn in the principal amount of $9,000 are hereby authorized to be issued to finance said appropriation. Section 3. The following additional matters are hereby determined stated: (a) The period of probable usefulness of the specific object or purpose for which the bonds authorized by 'this resolution are to be issued, within'the limitations of ~!1.00 a. 21 of the Law, is thirty (30) years, but the maturity of said bonds herein euthorized will not exceed five (5) years. (b) Current funds are not required to be provided as a down payment prior to 'the issuance of the bonds herein authorized or of any notes issued in anticipation of the sale of such bonds, pur- suant to the provisions of §107.00 d. 4. of the Law. Section 4. Each of the serial bonds authorized by this reso- lution and any bond antioipation notes issued in anticipation of Town, payable as to both principal and interest by a general tax upon all the taxable real property within the Town without limitation of rate or amount. The faith and credit of the Town are hereby irrevocably pledged to the punctual payment of the principal of and interest of said bonds and provision shall be made annually in the budget of the Town by appropriation for (a) the amortization and redemption of the bonds and any notes in anticipation thereof to mature in such year and (b) the payment of interest to be due and payable in such year. Section 5. Subject to the provisions of this resolution, and of the Law, pursuan~ to the provisions of §30.00 relative to the authorization of the issuance of bond anticipation notes, or, the renewals of said Notes and of ~50.00 and ~§56.00 to 60.00 of the Law, the powers and duties of the Town Board relative to authorizing bond anticipation notes and prescribing the terms, form and conten~s and as to the sale and issuance of the b~nds herein authorized and of any bond anticipation notes issued in anticipation of said bonds, and the hereby delegated to the Supervisor, the Town. Section 6. resolution and of renewals of said notes, are the chief fiscal officer of The validity of the bonds authorized by this any no~tes issued in anticipation of said bonds, such obligations are authorized object or purpose for which the authorized to expend money, or may be contested only if: (a) for an Town is (b) the provisions of the Law which should be complied with at the date of the publication (c) such obligations are authorized in violation of the provisions of the constitution. Section 7. This resolution shall take effect immediately. PLEASE PUBLISH ONCE, JUNE 2, 1977, AND FORWARD THREE AFFIDAVITS OF PUBLICATION TO: JUDITH T. TERRY, TOWN CLERK, MAIN ROAD, SOUTHOLD, NEW YORX 11971. Copies to the following on May 25, The Suffolk Times Long Island Traveler, Inc. 1977: