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: