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Home My WebLink AboutBeachwood AcresBANI( The North Fork Sank & Trusl CO Home O!f~ce Matbtuck New York 11952 August 4, 1989 Town Clerk Town of Southold Town Hall 53095 Main Road Southold, New York 11971 Re: Performance Bond $63,825.00 Beachwood Acres SCTM #1000-68-4-2.3 Letter of Credit No. M-89092 Dear Planning Board Members: By order of Robert Johnsen, 4300 Soundview Avenue, Southold, New York 11971 and for the account of Beachwood Acres, we hereby establish this Irrevocable Letter of Credit in your favor up to the aggregate amount of SIXTY THREE THOUSAND EIGHT HUNDRED TWENTY FIVE AND 00/100 ($63,825.00) U.S. Dollars available by your drafts at sight accompanied by: A certified copy of the Resolution of the Town Board, certified by the Town Clerk, which indicates: "Robert Jensen has failed to complete all of the improvements in connection with the subdivision map entitled 'Beachwood Acres' heretofore approved by the Planning Board, Town of Southold, and that as a result of said failure~ there is due and owing an amount equal to the face amount of our attached draft. Said resolution should also indicate that the amount drawn hereunder is for the sole purpose of completing those items of improvement which were to have been completed by Robert Johnsen." This Letter of Credit remains in force in Mattituck, New York and must be presented for payment at our counters at 9025 Main Road, Mattituck, New York 11952, by the beneficiary not later than August 3, 1990 and all drafts drawn thereunder must be negotiated on or before that date. Each draft must state that it is "Drawn Under Letter of Credit No. M-89092 of The North Fork Bank and Trust Company, dated August 4, 1989" and the amount endorsed on this Letter of Credit. We hereby agree with the Drawers, endorsers and bona fide holders of drafts drawn under an in compliance with the terms of this Letter of Credit that such drafts will be duly honored upon presentation to the drawee. Except so far as otherwise expressly stated, this Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (1983 Revision), International Chamber of Commerce Publication #400. Very truly yours, TRE COMP ' ' Paul H. Cl~rk~ Vice President PMC:kef B/SNI( The North Fork Bank & Trust CO , Home Of bce: Mattituck, New York 11952 August 4, 1989 BEACHWOOD ACRES Town Clerk Town of Southold Town Hall 53095 Main Road Southold, New York 11971 Re: Performance Bond $63,825,00 Beachwood Acres SCTM #1000-68-4-2.3 Letter of Credit No. M-89092 Dear Planning Board Members: By order of Robert Johnsen, 4300 Soundview Avenue, Southold, New York 11971 and for the account of Beachwood Acres, we hereby establish this Irrevocable Letter of Credit in your favor up to the aggregate amount of SIXTY THREE THOUSAND EIGHT HUNDRED TWENTY FIVE AND 00/100 ($63,825.00) U.S. Dollars available by your drafts at sight accompanied by: A certified copy of the Resolution of the Town Board, certified by the Town Clerk, which indicates: "Robert Jensen has failed to complete all of the improvements in connection with the subdivision map entitled 'Beachwood Acres' heretofore approved by the Planning Board, Town of Southold, and that as a result of said failure, there is due and owing an amount equal to the face amount of our attached draft. Said resolution should also indicate that the amount drawn hereunder is for the sole purpose of completing those items of improvement which were to have been completed by Robert Johnsen." This Letter of Credit remains in force in Mattituck, New York and must be presented for payment at our counters at 9025 Main Road, Mattituck, New York 1195Z, by the beneficiary not later than August 3, 1990 and all drafts drawR thereunder must be negotiated on or before that date. Each draft must state that it is "Drawn Under Letter of Credit No. M-89092 of The North Fork Bank and Trust Company, dated August 4, 1989" and the amount endorsed on this Letter of Credit. We hereby agree with the Drawers, endorsers and bona fide holders of drafts drawn under an in compliance with the terms of this Letter of Credit that such drafts will be duly honored upon presentation to the drawee. Except so far as otherwise expressly stated, this Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (1983 Revision), International Chamber of Commerce Publication #400. Very truly yours, THE BANK AND TRUST COMPLY / .... Paul M. C~a~k; V.ice President · , /,>5" '~ PMC:kef k \ \\ JUDITH T. TERRY TOWN CLERK REGISTRAR OF VITAL STAT[ST[CS OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD Town Hall, 53095 Main Road P.O. Box 1 179 Southold, New York 1 1971 FAX (516) 765-1823 TELEPHONE (516) 765-1801 THIS IS TO CERTIFY THAT THE FOLLOW/lNG RESOLUTION ~/AS ADOPTED BY THE SOUTHOLD TOWN BOARD AT A REGULAR MEETING HELD ON OCTOBER 24, 1989: RESOLVED that the Town Board of the Town of Southold hereby accepts the $63,825.00 Letter of Credit submitted by Robert Johnson as a bond for roads and improvements in his major subdivision known as Beechwood Acres, located at Southold, all in accordance with the Town Board's resolution of April 25, 1989 accepting the bond amount as recommended by the Southold town Planning Board and Sidney B. Bowne & Son, Consulting Engineers. Judith T. Terry Southold Town Clerk October 27, 1989 Town Hall. 53095 Main Road P.O. Box 1179 Southold, New York 11971 IELEPHONE (516) 765-1938 Judith Terry Town Clerk Southold, NY 11971 Dear Mrs. Terry: PLANNI/NGBOARD OFFICE TOWN OFSOUTHOLD October 18, 1989 RECEIVED OCT, 1 9 1989 RE: Beechwood Acres SCTM ~1000-68-4-2&3 The Planning Board recommends to the Town Board that they accept the Letter of Credit dated August 4, 1989, in the amount of $63,825.00. If you have any questions, please do not hesitate to contact this office. eno. jt JUDITH T. TERRY TOWN CLERK REGISTRAR OF VITAL STATISTICS OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD Town Hall, 53095 Main Road P.O. Box 1179 Southold, New York 11971 FAX (516) 765-1823 TELEPHONE (516) 765-1801 THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION WAS ADOPTED BY THE $OUTHOLD TOWN BOARD AT A REGULAR MEETING HELD ON APRIL 25, 1989: RESOLVED that the Town Board of the Town of Southold hereby approves the amount of $63,825.00 for a bond for roads and improvements in the major subdivision of Beachwood Acres at Southold, New York, all in accordance with the recommendation of the Southold Town Planning Board and Sidney B. Bowne & Son, Consulting Engineers. ~Ju~ t~ io~l TT'owTne r~?e r k~ April 26, 1989