The URL can be used to link to this page

Home My WebLink AboutKay Dee EstatesJUDITH T. TERRY TOWN CLERK REGISTRAR OF VITAL STATISTICS MARRIAGE OFFICER RECORDS MANAGEMENT OFFICER FREEDOM OF INFORMATION OFFICER Town Hall, 53095 Main Road P.O. Box 1179 Southold, New York 11971 Fax (516) 765-1823 Telephone (516) 765-1800 OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD June 12, 1996 BY HAND Lorraine LaRosa, Branch Manager Fleet Bank Main Road Southold, New York 11971 Re: Patricia A. Bailey Certificate of Deposit ~,/~ Dear Ms. LaRosa: On this date Patricia A. Bailey deposited the sum of $4~,285.00 Fleet Bank Certificate of Deposit #80v,0334108. The funds represent Ms. Bailey's guarantee to the Town of Southold for the installation of certain improvements, including roads, in a subdivision known as Kay Dee Estates. As a condition of accepting Ms. Bailey's passbook, on January 29, 1992, the Town and Ms. Bailey entered into an agreement, a cop of which is enclosed herewith. The terms of this agreement will affect the manner in which Ms. Bailey's account may be administrated. Please be advised that the Town is taking the position that the terms of the enclosed agreement apply to Ms. Bailey's account with your bank. Please note that provision #2 states that the interest remains the property of Ms. Bailey, and she is entitled to the receipt of said interest without further notice of the Town Board. Very truly yours, Judith T. Terry Southold Town Clerk Enclosure Town Attorney Dowd Patricia A. Bailey Town Planning Board cc: I agree to abide by the above terms. rrair~,,/l~a Rosa P.S. If the completion of Assignment Forms is required by your bank in order to effectuate the intent of the enclosed agreement, kindly forward the necessary forms to my attention. BankofAmerica NO,~5J Southold Banking Center 53300 Main Rd P.O. Box 906 Southold, N.Y. 11971 PH. 631-765-4021 Fax 631.765-4029 To: Terry _Southold Planning Board- at, n: Mark Fax: Date: 01/04/05 From: Susan Tooker ~] Please call to follow up Urgent Re: CD Performance guarantee for Kay Dee Estates- Patricia Bailey Please note- certificate number was changed due to merger with Bank Of America OATEOFIS~U! ol/03/2oo5 BllkdAJR~rlm.~ Certificate of Deposit Receipt ACCOUNT NUMBEn DEPOSIT AMT 8330506964 5¢, 4,82. ~": PI.AN CON I MIBUTION TYF~ / AMOUNT and i~n.~ln~fersBle. Fleet $outhold Office 53500 M;In Rd ~ulhold, NY 1197'1 Phone Fax ~I Fax $OUTHOLD TOWN PLANNING-MARK TERRY ~.,~,~ SUBAN TOOKER [] Urlent 0 Irc~ bvJww 0 Plem~ GomffNmt 0 Plea~ Rd~l~ [] ;q~ ~ RE: PATRICIA BAILEY- PERFORMANCE GUARANTEE FOR KAY DEE ESTATES CD RENEWED TODAY AT TERMS ENCLOSED RENEWAL CERTIFICATE ON 2ATRIC~ A, NY 11935 0000 ~0.705 Savi~ Omi~¢~e Rollov~ 1~luvst 8044930193 10/0&/2003 TI'MNK YOU FO;( ~0~ C.,~riFZC~I~ OF D.~.Pog. rJ' ~grM~.,W', SAVINGS CERTIFICATE P.O~,.OVER REQUEST 2~_55 ~KUNK ~'E 1.76 ~ 12/12/1997 1 .TB 067-26-5&75 53,231.70 0.00 53,271.?~ I Fleet Southold Office 53300 Main R~ PO Box 906 Southold, NY 11071 Phone 631-?M-4021 F~( ~1.76E.4~29 Fax TOWN OF 8OUTHOLD ~'mm SUE TOOl(ER PLANNING DEPT. Omlm 0,f,~9/03 RE: PATRICIA BAILEY- PERFORMANCE GUARANTEE FOR KAY DEE ESTATES CD RENEWED AT THE TERMS ON NEW CERTIFCATE APR 10 2003 South0ld Tow~ Pfannin! Board Fleet LI Capi~_alize PATRICIA A, BAILEY CUTCH0~UE ~0~4~30~ 52,82fl.63 I 91 Days I Non~hly ! ~67-26-5&75 Savin~s Cerriae~ue Rollov~ Reqtte~t Your C ~ ¢df, c~t.,: ~ ~044~30193 v4ai~ matam;1 o~ wi[h ~. 'ame of $ 52,828.63 TH,~K YOU FOR YOU~ CF~FFfC.4~ OF DE. PO.gT I,VV~2*~NT. SAVINGS C.FR'rZFICATE ROLLOVER REQUF. AT 2155 gKUNK LANE NY 119~ 0000 ...........d_ B 0&4,930193 91 j No~.thly 1,7S% 12/12/1997 1.77 %APY 52,825.63 0.00 52,828.63 52, g28. &3 067-26-$4~$ Fleet [] CT capitalize MoD,'Cb. ly PATRICIA A. ~AIL~Y 2155 SKUNK LAN~ Sayings Certificate Rollo~er Request NY 1193~ 0000 your C. erfi f'lcaa: # 80&%9301~3 which n~ated 0n 07/09/2002 value o[$ 5~, 772 · 5~ ~ Te~vesed as d~d a~e. You will 2?r_,,~g ~'OU FOR YOUR CI~lt;TFICaTE OF ITFJaO,~U' lS'v~ M~aR FDlC SAVINGS CERTIFICATE ROLl, OVER REQUEST 2155 SKUNK cu'rC~OGU~ 11935 0000 80~9301~3 2.~3 % 12/12/~997 Monthly 52,772,52 0.00 51,772,52 $1,772.52 067-26-5,1,75 DATE I0~ T9S'ON SPT9 ~96 9TS ~ ~N~S IBBq~ TI:OI ~00~/PT/L0 Fleet Bank Savings Certificate Rollover Request ACCOUNT NUMBER ] BRANCH DATE '1 / 0007 ~ 5 80449301 ._q~b 46z~85. [10~ 18 MonLh¢ 6.30% PATRICIA A. BAILEY 2185 SKUNK LANE NY 11935 0000 CUTCHOOUE 04/I2/2000 MATURITY DATE Your Comificat~ # 8044930192 which matured on 04/12/2000 withavalu~of$ 52 555 32 has been ginws~d as d~grib~d ~bow. ~ou will notification when ~is new certificate approaches renewal, Please a~tch ~is notico to your maturing c*~ificatc. THANK YOU FOR YOUR CERTiFICATE OF DEPOSIT INVESTMEN7~ SAVINGS CERTIFICATE ROLLOVER REQUEST PATRICIA A. BAILEY 2155 SKUNK LANE CUTCHOGUE NY 11935 OO00 { 6.3t % 12/12/1997 6.50 ~APY Monthly (DDA) (SAV) __ T~X CUSTOMER I.D, ] NUMBER 52,55~ '~ 6,2?0.3? 46,286,C0 NEW CD AMOUNT 46,2~,C0 069-26-5495 DATE Fleet F;Ix 6.11-785..4029 Fax ~, VALERIE SCOPEZ ,,,~,** SUE TOOKER AS PER CONVERSATION ON THE 10TM OF OCTOBER- THE FOLLOWING IS PRINT OUT OF CD RENEWAL #8044930193 FOR GUARANTEE OF PATRIClA BAILEY THAT WAS PROCESSED THIS MORNING. IF ANY FURTHER INFORMATION IS NEEDED PLEASE CALL. SUE TOOKER BRANCH MANAGER 10/17/2001 OEt4'B ~'LEET BANk; ~ 631 ?~5 31~5 N0,849 CUTCROGt~ MY 11935 0000 whiC~ u%~m~ o~ 10/12/2001 ~c mtm~h ~is ~ce m y~ ~m~ ~. SAVINGS CERTIFICATE ROLl, OVER REQUEST 80&4,~30193I P- .~.05 %J 12/3.2/1997 50,876.24 50,876.24 067-26-5575 /d /o / KAY DEE ESTATES THIS AGREEMENT. made in the Town of Southold. Suffolk County. New York. on January ;L~. 1992, between the TOWN OF SOUTHOLD, hereafter referred to as the "TOWN" a municipal corporation located at 53095 Main Road, Southold. New York 11971. and KAY DEE ESTATES and PATRICIA A. BAILEY, hereafter referred to as "BAILEY", residing at 2155 Skunk Lane, Cutchogue, New York 11935. WHEREAS. BAILEY is the owner of certain real property situated in the Town of Southold, Suffolk County. New York. more particularly described as Suffolk County Tax Map number 1000-099.00-04.00-017.000, and WHEREAS. for and in consideration of the granting of subdivision approval entitled "Minor Subdivision/Kay Dee Estates" by Resolution dated June 6, 1991. and as a condition of granting said approval, the Town of Southold Planning Board required submission of a passbook, letter of credit, or its equivalent in the amount of $46,285.00, with acceptance of same by the Town Board to guarantee the constitution and/or installation of certain improvements, including roads. within the subject subdivision, and WHEREAS. said conditional approval has been extended by Resolution of the Planning Board of the Town of Southold until Ma,'ch 4. 1992. and WHEREAS, in accordance with said requirement BAILEY deposited a passbook No, 90040784 with the Office of the Town Clerk on July 22. 1991 in the amount of $46.285.00. and WHEREAS. subsequent thereto, the Town Board of the Town of Southold by Resolution adopted on July 30. 1991 RESOLVED that. "effective immediately. passbooks shall not be accepted as a performance bond for any reason whatsoever; the Town of Southold will only accept cash, Letters of Credit. or Performance Bonds from a recognized bonding company", and WHEREAS, the parties herein have had further discussion concerning the acceptance of said passbook and have determined that because this passbook was deposited with the Town Clerk prior to the Town Board's July 30, 1991 Resolution, it would be ~n the best ini.,.~rest of the partie~ to a,;cept said passbook logether with the within agreement. NOW. THEREFORE. it is mutually agreed as follows: 1. THE TOWN BOARD accepts passbook No, 90040784 previously deposited with the office of the Town Clerk on July 22, 1991 as a guarantee that the required improvements will be made. 2. THE TOWN BOARD acknowledges that any interest earned in said passbook shall remain the property of BAILEY and that BAILEY shall be entitled to receipt of said interest without further notice of the TOWN BOARD. 3. That BAILEY acknowledges and agrees that certain improvements are to be made by BAILEY in accordance with final subdivision approval on June 6, 1991, 4, As a guarantee that the improvements be made as set forth in said bond estimate of March 20, 1991, the passbook shall remain at the office of the Town Clerk of the Town of Southold and if BAILEY shall carry out all the terms of said bond estimate, this Agreement shall become null and void, that BAILEY shall be entitled to receive the passbook from the Town Clerk, otherwise said Agreement shall remain in full force and effect. 5. That in the event the improvements are made and it should be determined by the Town of Southold that said improvements are not in accordance with the standards adopted by the Town of Southold, or if the improvements are not made. THE TOWN BOARD, after public notice and notice to BAILEY by certified, return receipt mail, at her address set forth in this Agreement shall be entitled to use the principal of said passbook or a portion thereof in order to carry out said public improvements, 6, No other party other than THE TOWN BOARD shall have any rights hereunder as against BAILEY, 7, The aggregate liability of BAILEY shall not exceed the sum of $46.285,00 for any cause or reason whatsoever, 8. That BAILEY shall be entitled to draw interest at anytime without notice to the Town Board. but at no time shall BAILEY withdraw principal from passbook No, 90040784 except as provided for in paragraph 4 above, 9, That the parties herein agree that a copy of this Agreement shall be provided to the bank. That the parties agree further that upon notice to the TOWN, BAILEY shall have the right, from time to time. to transfer said account to the bank of her choice, SOUTHOLD T~WN BOARD cott L. ~arris, S~Jpe~visor P~tricia A. Bailey ' STATE OF NEW YORK) SS; COUNTY OF SUFFOLK) On this ~3~daY of January, 1992, before me personally came SCOTT L. HARRIS. to me known, who bein9 by me duly sworn did depose and say that he resides at 37800 Main Road. Orient, New York; that he is the Supervisor of the Town of Southold the corporation described in and which executed the foregoing instrument; that he knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the Town Board of said corporation, STATE OF NEW YORK) COUNTY OF SUFFOLK) and that he signed his name thereto by like order. MA~, KIERNAN NI~ I~ ~l~New York ~i~n~ ~~e, ~ On this ~-~ ;day of January. 1992, before me personally came PATRICIA A. BAILEY. to me known to be the individual described in and who executed the foregoing instrument, and acknowledged that she executed the same. Notary Public'--'"' ROBERT F. KOZAKIE3/VICZ Nota~ Public, State of New Ymk No. E2-4834319 TeOUallfled In Suffolk_C_ot~ _nty rm Expires