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HomeMy WebLinkAboutGrandview EstatesB/ NI( The North Fork Bank & Trust Co April 8, 1988 Southold Town Planning Board Southold Town Wall P.O. Box 728 Southold, New York 11971 Re: Letter of Credit #M-8830/$104,500.00 Performance Bond, Grandview Estates Harold Reese Jr., Ronald Reese, Christine Reese Gentlemen: We hereby establish our Irrevocable Letter of Credit #M-8830 in your favor and authorize you to draw upon this Bank up to an aggregate amount of One Hundred Four Thousand Five Hundred and NO/100 ($104,500.00) U.S. Dollars. Said monies to the extent necessary to complete the improvements hereinafter set forth and referred to herein shall be paid upon demand by the Town Board to complete improvements to the subdivision known as Grandvtew Estates, Orient, Town of Southold, New York. Funds under this Letter of Credit are available against the Town's draft on us presented at our office at 9025 Route 25, Mattituck, New York, no later than January 21st, 1989. All drafts drawn hereunder must all also be accompanied by the Town's signed statement certifying that the amount drawn represents sums due under or in connection with the Performance Bond of Harold Reese Jr., Ronald Reese and Christine Reese. This Letter of Credit is not transferrable. This Letter of Credit #M-8830 replaces and supersedes Letter of Credit #M-8686 dated January 21, 1987. This credit is subject to the Uniform Customs and Practices for Documentary Credits (1984 Revision), International Chamber of Commerce Publication #400, except as expressly provided herein. Very truly yours, THE NORTH FORK BANK AND TRUST COMPANY / By: Rob~.~~ rig, Senior Vice President JUDITH T. TERRY TOWN CLERK REGISTRAR Ol~ VITAL STATISTICS OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD Town Hall, 53095 Main Road P.O. Box 1179 Southold, New York 1197t TELEPHONE (516) 765-1801 THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION WAS ADOPTED BY THE SOUTHOLD TOWN BOARD AT A REGULAR MEETING HELD ON APRIL 19, 1988: RESOLVED that the Town Board of the Town of Southold hereby accepts the renewed Letter of Credit in the amount of $104,500.00 being held as a performance bond for roads and improvements in the subdivision of Grandview Estates, owned by Harold Reese Jr., Ronald Reese, Christine Reese; said Letter of Credit expires January 21, 1989. Judith T. Terry (/ Southold Town Clerk April 21, 1988 MAR 3 9 Southold, N.Y. 11971 (516) 765-1938 March 24, 1988 Judith Terry Town Clerk Dear Mrs. Terry: RE: Grandview Estates SCTM # 1000-14-2-3.5 The following action was taken by the Southold Town Planning Board on Monday, March 21, 1988. RESOLVED that the Southold Town Planning Board extend the Letter of Credit from January 21, 1988 to January 21, 1989. If you have any questions, please don't hesitate to contact our office. Very truly yours, BENNETT ORLOWSKI, Jr .~ ~ CHAIRM~kN cc: Michael Hall Harold Reese jt TOWi~ ( SUFFO Southold, N.Y. 11971 (516) 765-1938 March 22, 1988 Harold Reese c/o Gerry McLean Blue Marlin Drive Southold, NY 11971 RE: Letters of Credit for Hillcrest Estates, Section I and Grandview Estates Dear Mr. Reese: The letters of credit for each of the above named subdivisions expired as of January 21, 1988. Inasmuchas the outstanding work remains uncompleted, the Planning Board cannot recommend release of the bond. The Planning Board has extended the performance guarantee for one year (see enclosed copies of resolutions). However, this office has not received the new letters of credit from the North Fork Bank and Trust Co. Your cooperation in this matter would be greatly appreciated. cc: S~_~erely, Valerie ~~ Town Planner Robert J. Anrig Sr. Vice President, NFBT Judith Terry, Town Clerk Bennett Orlowski,Jr. Chairman Michael J. Hall, Esq. Southold. N.Y. 11971 (516) 765-1988 MEMORANDUM To: Judith T. Terry, Town Clerk From: Valerie Scopaz, Town Planner RE: Letters of Credit DATE: March 21, 1988 Attached is a copy of the Planning Board resolution that extended letter of Credit for Hillcrest Estates, Section I. However, a new letter of credit has not been received for Grandview Estates. This matter is being pursued by the Planning Board. JUDITH T. TERRY 10',~ N CLERK OFFICE OF THE TOWN CLERK TOWN OF $OUTHOLD Town Hall, 53095 Main Road P.O. Box 1179 Southold, New York 1197l TELEPHONE ~516) 765-1801 THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION WAS ADOPTED BY THE SOUTHOLD TOWN BOARD AT A REGULAR MEETING HELD ON JANUARY 19, 1988: RESOLVED that the Town Board of the Town of Southold hereby authorizes the renewal of the $329,000 Letter of Credit for Hillcrest Estates, Section I for a one-year period from January 21, 1988 to January 21, 1989; and be it further RESOLVED that all of the improvements as noted in the bond estimate for Hillcrest Estates, Section I must be completed on or before July 21, 1988, or the Town Board will direct that the Letter of Credit be called. ~T. '~-- Southold Town Clerk January 22, 1988 T O-W}!~ 011 ,,SOUI~,OLD Southold, N.Y. 11971 (516) 765-1988 January 15, 1988 Mrs. Judith Terry Town Clerk Town Hall Southold, NY 11971 Re: Hillcrest Estates Section I Dear Mrs. Terry: The following action was taken by the Southold Town Planning Board on Monday, January 11, 1988. RESOLVED that the Southold Town Planning Board recommends that the Town Board renew the Letter of Credit for Hillcrest Estates, Section I for a one-year period from January 21, 1988 to January 21, 1989. It is also stipulated that all of the improvements as noted in the bond estimate must be completed on or before July 21, 1988 failing which the Planning Board will recommend to the Town Board that the Letter of Credit be called. If you have any questions, please don't hesitate to contact our office. Very truly yours, BENNETT ORLONSKI, ,JR. CHAIPdMAN SOUTHOLD TOWN PLANNING BOARD 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 TELEPHONE (516) 765-1801 To: From: Re: Valerie Scopaz, Planner Judith T. Terry, Town Clerk Letters of Credit Letter of Credit - $104,500 - Reese, Grandview Estates, expired 1/21/88. Letter of Credit - $329,000 - Reese, Hillcrest Estates, Sec. 1, expired 1/21/88 Has the Planning Board requested Mr. Reese to submit a new Letter of Credit for each of the above? Southold, N.Y. 11971 (516) 765-1938 December 22,1986 North Fork Bank and Trust Mrs. Phyllis Atkinson 9025 Route 25 Mattituck, NY Re: Letters of Cred_~3~-- ~ Hillcrest and~r.~andview~ Dear Mrs. Atkinson: As per our conversation on this date, enclosed are the original letters of credit for the above mentioned subdivisions. We understand that new letters of credit for the new amounts will be issued upon receipt of these. Very truly yours, Diane M. Schultze, Secretary Southold Town Planning Board enc. HOME OFFICE' LOVE LANE, MA TTITUCK, NEW YORK 11952 - (516) 298-8366 -c oP r FoP4( B, lv T vsr Co X.E<Z:~VED BY 1 1985 DATE January l, 1985 Southold Town Board Southold, New York 11971 Re: Letter of Credit #M-8501 Performance Bond Ronald Reese, Christine Reese & Harold Reese Jr. Gentlemen: We hereby establish our Irrevocable Letter of Credit #M-8501 in your favor and authorize you to draw upon this Bank up to an aggregate amount of Three Hundred Twenty-Five Thousand and NO/lO0 ($325,000.00) Dollars. Said monies to the extent necessary to complete the improvements hereinafter set forth and referred to herein shall be paid upon demand by the Town Board to com- plete road improvements to the subdivision known as Grandview Estates, Town of Southold, Orient, New York. Funds under this Letter of Credit are available against the Town's draft on us presented at our office at 245 Love Lane, Mattituck, New York no later than April 1st, 1985. All drafts drawn hereunder must all also be accompanied by the Town's signed statement certifying that the amount drawn represents sums due under or in connection with the Performance Bond of Ronald Reese, Christine Reese and Harold Reese, Jr. This Letter of Credit is not transferrable. This credit is subject to Uniform Customs and Practices for Documentary Credits (1984 Revision) International Chamber of Commerce Publication #400 except as expressly provided herein. Very truly yours, THE NORT~ORK BANK AND TRUST COMPANY By: Ro~e~rt~~ Senior Vice President JUDITH T. TERRY TOWN CLERK REGISTRAR OI. VITAL S~ \1 ISTICS OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD Town Hall, 53095 Main Road P.O. Box 728 Southold, New York 11971 TELEPHONE (516) 765-1801'' April 11, 1985 $outhold Town Planning Board Southold Town Hall Main Road Southold, New York 11971 Gentlemen: This is to advise you that the Southold Town Board at their regular meeting held on April 9, 1985 adopted a resolution approving the reduction in the bond for roads and improvements in the sub- division known as 'Grandview Estates" at Orient from $325,000.00 to $171,000.00, all in accordance with you recommendation and that of Field Inspector John W. Davis. Very truly yours, Judith T. Terry Southold Town Clerk cc: Harold Reese TOV~N OF SOU ,~O'LD S U:F~QLK:;~C.O ~NTY $outhold, N.Y. 11071 (516) 765-1938 April 3, 1985 Mr. Harold Reese Reese Brothers~ Inc. 855 Sunrise Highway Lynbrook, NY 11563 Re: Grandview Estates Dear Mr. Reese: The following action was taken by the Southold Town Planning Board, Monday, April 1, 1985. RESOLVED that the Southold Town Planning Board a~cept Inspector John W. Davis' report No. 424 and refer it to the Town Board regarding the reduction of the letter of credit for Grandview Estates to $171,000. If you have any questions, please don't hesitate to contact our office. A copy of the report is enclosed for your review. C~~n Clerk Town Board Very truly yours, SOUTHOLD TOWN PLANNING BOARD By Diane M. Schultze, Secretary To: Raymond C. Dean, Superintendent From: Southold Town Highway Department Report No. 424 Date: February 5, 1985 Re: Grandview Estates at Orient Reduction of letter of credit /'he bond estimate dated November 8, 1981 was submitted for $400,000. $75,000 of this amount (increase costs over a 3 year period) was deleted provided the work was done in one year. The bond estimate, now a letter of credit is recorded at $325,000. Work as shown in the bond estimate has been completed with exception of the following: Asphalt top course on all roads. Asphalt pavement was not estimated fnr this project. It was based on the Tow~ standard 36 ft. width pulvermix road. Asphalt paving was not considered in 198~ when the bond estimate was done. The standard road is shown at $~]1,000. The road as constructed is 28 ft. in width with an asphalt top and binder course on a pulvermix base. The top course for the length of 3700 ft. as shown and 28 ft. wide, would be 11,510 S.Y.%12=959 tons. 959 tons at $35/ton amounts to say ......................... $ 2. Integral curbs - Not used with asphalt pavement. 3. Recharge basin excavation - 40% to be done ................. $ 4. Recharge basin curb - will be waived 5. Recharge basin fence ....................................... $ 6. Concrete headwalls - 3 in recharge basin ................... $ 7. Trees ...................................................... $ 8. Monuments .................................................. $ 9. Signs ...................................................... $ lO. Seedin~ - some areas done - estimated remaining ............ $ 11. Stairs to beach ............................................ $ 12. Fire well - one deep ....................................... $ 13. Fire well - one shallow .................................... $ Total .......... $ 33,500 6,000 18,720 2,100 4,440 I 750 I 260 I 000 10 000 4 000 3 000 85 770 ~'or reduction of the !etter of credit I would recom~ent twice the amount of $85,770 say $171,000. John W. Davis B&NI( January 21, 1987 Southold Town Planning Board Southold Town Hall P.O. Box 728 Southold, New York 11971 Re: Letter of Credit #M-8686/$104,500.00 P_r..o..~man~ Bond, Grandview Estates Ronald Reese, Christine Reese & Harold Reese Jr. Gentlemen: We hereby establish our Irrevocable Letter of Credit 9M-8686 in your favor and authorize you to draw upon this Bank up to an aggregate amount of One Hundred Four Thousand Five Hundred and NO/lO0 ($104,500.00) U.S. Dollars. Said monies to the extent necessary to complete the improvements hereinafter set forth and referred to herein shall be paid upon demand by the Town Board to complete road improvements to the subdivision known as Grandview Estates, Town of Southold, Orient, New York. Funds under this Letter of Credit are available against the Town's draft on us presented at our office at 9025 Route 925, Mattituck, New York, no later than January 21st, 1988. All d£afts drawn hereunder must all also be accompanied by the Town's signed statement certifying that the amount drawn represents sums due under or in connection with the Performance Bond of Ronald Reese, Christine Reese and Harold Reese, Jr. This Letter of Credit is not transferrable. This credit is subject to Uniform Customs and Practices for Documenta~vy except as expmessly provided herein. Very truly yours, THE NOR~B3er~~ANK. AND TRUST COMPANY By: Robert J. Anrig, Senior Vice President l lOi::lTl-I . BANI( The North Fork Bank & Trust Co Home OIfice: Mattituct(, New York 11952 January 21, 1987 Southold Town Planning Board Southold Town Hall P.O. Box 728 Southold, New York 11971 Gentlemen In accordance with the Planning Board's approval, I am enclosing two new Letters of Credit as specified: Letter of Credit ~M-8685 in the amount of $329,400. as a Performance Bond for Hillcrest Estates Section I requested by Harold Reese Letter of Credit #M-8686 in the amount of $104,500. as a Performance Bond for Grandview Estates requested by Ronald Reese, Christine Reese and Harold Reese Jr. Both of the above Letters of Credit are for a one year period co~nencing January 21st, 1987 and expiriQg January 21st, 1988. ,truly yours, . Anrig · S/~x~/ice President ~JA:pa Encs.