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HomeMy WebLinkAboutStepnoski, Watsie G ~ ~~i' ~ DISTRICT: 1000 SECTION: 097.00 BLOCK: 01.00 LOT: p/o 016.000 ~J...l" t;;,:Jlnl (,,>'~'~~":_,.: c.~:;r -~'f). ': r ~\~~:~: , .' \1'~:i~~> ',,'> . -,/ I Standard N.Y.B.T.U. Form SOO7-IOM. "~argajn and Sale Deed, with Covenant against Grantor's Acts-Individual or Corporation. '3I--J~ _ ~~66 7 CONSULT YOUR LAWYER BEFORE SlliNINIi THIS INSTRUMENT. THIS INSTRUMENT SHOULD BI USED BY LAWYERS ONLY IBE~8978p^Gt415' 2:'1721. THIS INDENTURE, made the 20th day ot Match , nineteen hundred and eighty-one BETWEEN E. WATSIE G. STEPNOSKI and JENNIE/STEPNOSKI, his wife, both residing at (no number) Main Road, peconic, New York 11958 party of the first part, and TOWN OF SOUTHOLD, a municipal corporation of the State of New York, Main Road, Southold, New York 11971 party of the second part, WITNESSETH, that the party of the first part, in consideration of TEN ($10. 00) ----------------------------------------------- dollars, lawful money of the United States, paid by the party of the second part, does hereby grant and release unto the party of the second part, the heirs or successors and assigns of the party of the second part forever, ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, lying and being iJUbe at Cutchogue, in the Town of Southold, County of Suffolk and State of New Yor~, bounded and described as follows: BEGINNING at a point on the westerly line of Bridge Lane, 200 feet, more or less, northerly along said westerly line from its intersection with the northerly line of Main (State) Road, said point of beginning being also at the intersection of the northeasterly corner of land now or formerly of Case with the said westerlyline of Bridge Lane; from said point of beginning running thence along said land of Case, two courses as follows: 1) South 79 degrees 20 minutes 20 seconds West 100.0 feet; thence 2) South 31 degrees 47 minutes 00 seconds East 200.0 feet to the northerly line of Main (State) Road; .~ running thence along said northerly line of Main (State) Road South t 71 degrees 55 minutes 30 seconds West 233.78 feet to land now or formerly of Orlowski; running thence along land last mentioned two courses as follows: 1) North 1 degree 18 minutes 50 seconds West 74.40 feet; thence 2) North 43 degrees 58 minutes 20 seconds West 85.60 feet to other land of the sellers; running thence along land last mentioned, two courses as follows: 1) North 54 degrees 57 minutes 50 seconds East 210.15 feet; thence 2) North 79 degrees 20 minutes 20 seconds East 93.75 feet to said westerly line of Bridge Lane; running thence along said westerly.. line of Bridge Lane South 42 degrees 59 minutes 00 seconds East 17.75 feet to said land of Case and the i : point or place of BEGINNING. ,-, J I BEING and intended to be a portion of the premises conveyed to Watsie G. '"',,,,) IStepnoski and Jennie E. Stepnoski, his wife, the parties of the first part herein, ~ Iby deed dated January 30, 1943 and recorded in the Suffolk Co erk's Office ~'':J jon April 22, 1943 in Liber 2282 of deeds at page 525. $.~.~.~_. ~ I 2~021 REAL mATE "" ' MAR 2~ 1981 TRi-,..... PER I j.,,( SlHRl.I\ C(!~..J' :TY '~..... ",l ". , If JS'iB978PAGf416 TOGETHER with all right, title and interest, i~ any, of the party of the first part in and to any streets and roads abutting the above described premises to the center lines thereof, TOGETHER with the appurtenances and all the estate and rights of the party of the first part in and to said premises, TO HAVE AND TO HOLD the premises herein granted unto the party of the second part, the heirs or successors and assigns of the party of the second part forever. ;~....~ ",., ...~.."_.,, .. AND the party of the first part covenants that the party of the first part has not done or suffered anything whereby the said premises have been incumbered in any way whatever, except as aforesaid. AND the party of the first part, in compliance with Section 13 of the Lien Law, covenants that the party of the first part will receive the consideration for this conveyance and will hold the right to receive such consid- eration as a trust fund to be applied first for the purpose of paying the cost of the improvement and will apply the same first to the payment of the cost of the improvement before using any part of the total of the same for any other purpose. The word "party" shall be construed as if it read "parties" whenever the sense of this indenture so requires. IN WITNESS WHEREOF, the party of the first part has duly executed this deed the day and year first above written. IN PRESENCE OF: / .~ /U~ ./.:2 ~~ LS watsie G. Stepn&ski ~~~ ~t~~. LS l r ~ ~Jo~~~8978!)J~G~ .n7 STATE OF NEW YORK. COUNTY O' Suffolk On the 20th day of March 1981 , before me personally :arne watsie G. Stepnoski and Jennie E. Stepnoski to me known to be the individual s described in and who executed the foregoing instrument, and acknowledged that they ~uf~the sanoe. . ().~:~:~ !V/; / / RUDOLPH H. BRUER Notary Public, Slate of New Yarle No. 52-0465630 Qualnied in Suffolk County Commisiion E:cpires March 30, 1881 JTATE OF NEW YORK. COUNTY OF On the day of 19 , before me personally came to me known, who, being by me duly sworn, did depose and say that he resides at No. that he;" the of , 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 board of directors of said corpora- tion, and that he signed h name thereto by like order. ~ar!lain aub 8alr Irrb WITH COV:E:NANT AGAINST GRANTOR'S ACTS TITLE NO. watsie G. Stepnoski and Jennie E. Stepnoski, his wife, TO Town of Southold II STAllIUI fOlM Of NEW YHI( lUll If TIT" _....._11 Recorded By: U.-UFE TITLE INSURANCE Company of New York 127 W. Main Street Riverhead. N. Y. 11901 Hec~:l Return to: If II 55. STATE O' NIW YORK. COUNTY O' 55: On the day of personally came 19 , before me to me known to be the individual described in and who executed the foregoing instrument, and acknowledged that executed the same. 55: STATE O' NEW YORK. COUNTY O. . 55. On the day of 19 , before me personally came the subscribing witness to the foregoing instrument, with whom I am personally acquainted, who, being by me duly sworn, did depose and say that he resides at No. that he knows to be the individual described in and who executed the foregoing instrument; that he, said subscribing witness, was present and saw execute the same; and that he, said witness, at. the same time subscribed h name as witness thereto. SECTION BLOCK LOT ~jt~ TOWN of Southold County of Suffolk R.ecorded at Request of 1 . - R.eturn by Mail to Robert w. Tasker, Esq. 425 Main street Greenport, New York 11944 Zip No. w o Ii: ... o III Z is .. o ~ .. ... o w '" ::> .. o ... w o ~ '" '" :;: .... w > .. w '" w .. ~~ ~ \ .;:r A1HI,':C,',j jn,~;" \ 'i j~\\"'L1,;:: ' " la. \ol~ 91\ 6 7 \1"'" t.. ",' ^t"-'" ~.-1~.. '.1",- \1- 'I" JUDITH T. TERRY T OWN CLERK REGISTRAR OF VITAL STATISTICS TELEPHONE (516) 765-1801 Southold, L. I., N. Y. \\97\ January 28, 1981 Rudolph H. Bruer, Esq. Main Road Southold, New York 11971 Dear Rudy: Enclosed herewith is the executed Contract of Sale between Watsie G. Stepnoski and Jennie Stepnoski, his wife, and the Town of Southold, for the purchase of a parcel of land on Bridge Lane and Main Road, Cutchogue, New York by the Town of Southold. Very truly yours, ~ Judith T. Terry Southold Town Clerk Enclosure P,.F.:.."-a. ._ Rev ... Date: Parties: Premises: NYBTU Form 8041 (Rev. 11178)-{::ONTRACT OF SALE ". WARNING: NO REPRESENTATION IS MADE THAT TH~S FOR..\f OF CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE COMPLIES WITH SECTION 5-702 OF THE GENERAL OBLIGATIONS LAW ("PLAIN ENGLISH"). CONSULT YOUR LAWYER BEFORE SIGNING IT. NOTE: FIRE AND CASUALTY LOSSES: This contract form does not provide for what happen~ in the event of fire or casualty loss before the title closing!. Unless different provision is made in this contract, Section 5-1311 of the General Obligations Law will apply. One part of that law makes a purchaser responsible for fire and casualty loss upon taking of title to or possession of the premises. ...-1, CONTRACT OF SALE made as of the --< 7 - day of January BETWEEN WATSIE G. STEPNOSKI and ,]e/f//ljr <:::... STEPNOSKI, both residing at Main Road (No Number), Peconic, New York ,19 81 his wife, 1\x<<=:.x hereinafter called "SELLER", who agrees to sell; and TOWN OF SOUTHOLD, a municipal corporation of the State of New York, Main Road (No Number), Southold, New York Address: hereinafter called "PURCHASER" who agrees to buy the property, including all buildings and improvements thereon (the "PREMISES"), more fully described as, all that certain plot, piece or parcel of land, ~~ ~1I:llfremx:_~""ll<~lying and being::irKm at Cutchogue, in the Town of Southold, County of Suffolk, and State of New York, bounded and described as follow: BEGINNING at a point on the westerly line of Bridge Lane, 200 feet more 0: less, northerly along said westerly line from its intersection with the northerly line of Main (State) Road, said point of beginning being also at the intersection of the northeasterly corner of land now or formerly of Case with said westerly line of Bridge Lane; from said point of beginning running thence along said land of Case,two courses as follows: (1) South 79 degrees 20 minutes 20 seconds west 100.0 feet; thence (2) South 31 degrees 47 minutes 00 second3 east 200.0 feet to the northerly line of Main (State) Road; running thence along said northerly line of Main (State) Road South 71 degrees 55 minutes 30 seconds west 233.76 feet to land now or formerly of Orlowski; running thence along land last mentioned two courses as follows: (1) North 1 degree 18 minutes 50 seconds west 74.40 ;feet; thence (2) North 43 degrees 58 minutes 20 seconds west 85.60 feet to other land of the Sellers; running thence along land last mentioned, two courses as follows: (1) North 54 degrees 57 minutes 50 seconds east 210.15 feet; thence (2) North 79 degrees 20 minutes 20 seconds east 93.75 feet to said westerly line of Bridge Lane; running thence along said westerly line of Bridge Lane South 42 degrees 59 minutes 00 seconds east 17.75 feet to said land of Case and the point or place of beginning. Containing 38,949 sq. ft. according to a survey prepared by Roderick Van Tuyl, P.C. dated January 5, 1981, a copy of which is hereinto annexed and made a part hereof. T~ ,: Also known as: SIr.....---- Tax Map Designalon: District 1000, Section 097, Block 1 p/o Parcel 16 Together with SELLER'S interest, if any, in streets and unpaid awards as set forth in Paragraph 9. Personal Property: Purchase Price: Existing Mortgage(s): Acceptable Funds: "Subject to" Provi!ions: Title Ctmlf>any Approval: The s . cludes all fIxtures and articles of personal property attached to or used in conn;~:~ .n ~ PREMISES, unless sp . cluded below. SELLER states that they are paid for and own .. . ee and clear of any lien other than the EXI TGAGE(S). They include .mlted to plumbing, heating, . lighting and cooking fIxtures, bathroom and kitc e . antels, door mirrors, venetian blinds, shades, screens, awnings, storm windows,' xes, storm doors, m . we~her vanes, flagpoles, pumps, shrubbery, fencin statuary, tool sheds, dishwashers, washing machines, c ers, garbage disposal . ges, refrigerators, freezers, air conditioning equipment and installations, and wall to . Excluded from this sale are: I!llxWJm:ac2lllklmulKbold::ixHimiK~ any and all personal property ~ $ 15,000.00 I. (a) The purchase price is Payable as follows: On the signing of this contract, by check subject to collection: $ By allowance for the principal amount still unpaid on EXISTING MORTGAGE(S): $ Bya Purchase Money Note and Mortgage from PURCHASER (or assigns) to SELLER: $ BALANCE AT CLOSING: $ 15,000.00. If this sale is subject to an EXISTING MORTGAGE, the Purchase Money Not.. and Mongagewill also that it will re . subject to the prior lien of any EXISTING MORTGAGE even though the EXI RTGAGE is extended or modi I ood faith.- The Purchase Money Note and Mortgage sh awn on the standard form of New York Board of Title Un e . rs by the attorney for SELLER. SER shall pay the mortgage recording taX, recording fees and the attorney's fee I amou .. for its preparation. (c) If any required payments are an E G MORTGAGE between now and CLOSING which reduce the unpaid princi nt of an EXISTING MORTG low the amount shown in paragraph 2, then the balance 0 ce payable at CLOSING will be adjusted. SELLER agre the amount shown in Paragraph 2 a ly correct and that only payments required by the EXISTING MORTG '11 be made. (d) If there is a mortgage escrow account that is maintained for the purpose of paying taXes urance, ete. SELLER shall assign it to PURCHASER, if it can be assigned. In that event PURCHASER shall pay the amoun e escrow account to SELLER at CLOSING. ISES will be conveyed subject to the continuing lien of "EXISTING MORTGAG!illi.):.as.Jollows,.-- . , ...- --- Mortgage now in the unpaid pnnCl f.$ __ ana Interest at the rate of per cent per year, presently payable , ,mlnst:alImenrs....f.-$ . '. , which include principal, ...inle-..t, ---- and with any balance of principal being dUeantrpayable..an____ -- -- SELLER hereby states that no EXISTING MORTGAGE contain. any provision that permits the holder of the mortgage to require its immediate payment in full or to change any'other term theniof by reason of the fact of CLOSING. 3. All money payable under this contract unless otherwise specifIed, shall be either: a. Cash, but not over one thousand ($1,000.00) Dollars, b. Good certifIed check of PURCHASER, or official check of any bank, savings bank, trust company, or savings and loan association having a banking office in the State of New York, payable to the order of SELLER, orto the order of PURCHASER and duly endorsed by PURCHASER (if an individual) to the order of SELLER in the presence of SELLER or SELLER'S attorney. c. Money other than the purchase price, payable to SELLER at CLOSING, maybe by check of PURCHASER up totheamountof Five Hundred Dollars ($ 500.00 ) dollars, or d. As otherwise agreed to in writing by SELLER or SELLER'S attorney. 4. The PREMISES are to be transferred subject to: a. Laws and govern;"ental regulations that affect the use and maintenance of the PREMISES, provided thai they are not violated by the buildings and improvements erected on the PREMISES. b. Consents for the erection of any structures on, under or above any streets on which the PREMISES abut. c. Encroachments of stoops, areas, cellar steps, trim and cornices, if any, upon any street or highway. d. Any State of Facts an accurate surveyor personal inspection of the premises would reveal, provided that the same do not render title unmarketable. 5. SELLER shall give and PURCHASER shall accept such ti\e as any title company doing busines, in Suffolk County , a member of The New York Board of Title Underwriters will be willing to approve and insure in accordance with their standard form of title policy, subject only to the matters provided for in this contract. L~S: '. Dry~Md And . Form ~of Deed: " I I Closing Date and Place: Broker: >.' Streets and Assignment of Unpaid Awards: I Mortgagee's Certificate ur Letter as to Existing Mongages(s): Compliarue with State and Municipal Department Violations and Orders: Omit if the Property is not in the City of New York: Installment Assessment: Apportionments: WaitT Mem- Readings: Allowance for Unpaid Taxes, etc.: Use of Purchase Price to Pay Encumbrances: Affidavit as to Judgments, Bankruptcies: . 6. "CLOSING" means the settlement of the obligations of SELLER and PURCHASER to each other under this contract, including the payment of the purchase price to SELLER, and the delivery to PURCHASER of a . Bargain and Sale deed in proper statutory form for recording so as 10 transfer full ownership (fee simple title) to the PREMISES, free of all encumbrances except as herein stated. The deed will contain a covenant by SELLER as required by Section 13 of the Lien Law. If SELLER is a corporation, it will deliver 10 PURCHASER at the time of CLOSING (a) a resolution of its Board of Directors authorizing the sale and delivery of the deed, and (b) a certificate by the Secretary or Assistant Secretary of the corporation certifying such resolution and setting forth facts showing that the transfer is in conformity with the requirements of Section 909 of the Business Corporation Law. The deed in such case shall contain a recital sufficient to establish compliance with that section. 7. CLOSING will take place at the office of New York at 10:00 o'clock on Robert W. Tasker, 425 Main Street, Greenport, day of February 19 81 8. PURCHASER hereby states that PURCHASER has not dealt with any broker in connection with this sale Oilk!l!O< IbJut: ~~It>>mk1m:m:lC.lUlllmt..il:>mmmeJt}l:lll!lfld:~!(pHll6J1llD{XlX~~. 9. This sale includes all of SELLER's ownership and rights, if any, in any land lying in the bed of any street or highway, opened or proposed, in front of or adjoining the PREMISES to the center line thereof. It also includes any right of SELLER to any unpaid award by reason of any taking by condemnation and/or for any damage to the PREMISES by reason of change of grade of any street or highway. SELLER will deliver at no additional cost to PURCHASER, at. CLOSING, or thereafter, on demand, any documents which PURCHASER may require to collect the award and damages. ER agrees to deliverto PURCHASERAT CLOSING, a certificate dated not more than thirty (30) da s CLOSING signe older of each EXISTING MORTGAGE, in form for recording, ce .. amount of the unpaid principal and interest, turity, and rate of interest. SELLER shall pay the fees for recording such cern I 0 der of a mortgage is a bank or other institution as defined in Section 274-a, Real Pro ,It may, instead of the Ci!rtifi~rnish an unqualified letter dated not more than thl ys efore CLOSING contalmng the same mformation:--sEI:oLE~ereby states that any MORTGAGE will not be in default at the time of CLOSING. . ~_ II. a. SELLER will comply with all notes or notices of violations of law or municipal ordinances, orders or requirements noted in or issued by any governmental department having authority as to lands, housing, buildings, fire, health and labor conditions affecting the PREMISES at the date hereof. The PREMISES shall be transferred free of them at CLOSING and this provision shall survive CLOSING. SELLER shall furnish PURCHASER with any authorizations necessary to make the searches that could disclose these matters. kxKltx>~Illld!I!dld!fJM::j! X~x~~~. ~ klm:Xlilli:~Nll'<< ~~l'l1OOliia=kadk 12. If at the time of CLOSING the PREMISES are affected by an assessment which is or may become payable in annual installments, and the first installment is then a lien, or has been paid, then for the purposes of this contract all the unpaid installments shall be considered due and are to be paid by SELLER at CLOSING. 13. The following are to be apportioned as of midnight of the day before the day of CLOSING: (x)x:~d.:lI'kll!lJ<OOJl~wxiX!6x~i(il<~~:xOO:Gkx inmN~~~~~~~(d) Taxes,_~~~~on the basis of the fiscal period for which assessed. (Il)x:~~ If CLOSIN G shall occur before a new tax rate is fixed, the apportionment of taxes shall be upon the basis of the old tax rate for the preceding period applied to the latest assessed valuation. Any errors or omissions in computing apportionments at CLOSING shall be corrected. This provision shall survive CLOSING. 14. >>~:illl:>>>lr1/:_lr1/:R~tiMllli()lll'~<hdiixRixlDora:~~JOOmrlI~ ~~I\!km!tlX~~~~~if~~X>llxbOOuixildiiKa.Ix bl3tx~ 15. SELLER has the option to credit PURCHASER as an adjustment of the purchase price with the amount of any unpaid taxes, assessments, water charges and sewer rents, together with any interest and penalties thereon to a date not less than five business days after CLOSING, provided that official bills therefor computed to said date are produced at CLOSING. 16. If there is anything else affecting the sale which SELLER is obligated to pay and discharge at CLOSING, SELLER may use any portion of the balance of the purchase price to discharge it. As an alternative, SELLER may deposit money with the title insurance company employed by PURCHASER required by it to assure its discharge, but only if the title insurance company will insure PURCHASER'S title clear of the matter or insure against its enforcement out of the PREMISES. Upon request made within a reasonable rime before CLOSING, PURCHASER agrees to provide separate certified checks as requested to assist in clearing up these matters. 17. If a title examination discloses judgments, bankruptcies or other returns against persons having names the same as or similar to that of SELLER, SELLER shall deliver a satisfaclOry detailed affidavit at CLOSING showing that they are not against SELLER. ',. Deed Transfer and Recording Taxes: Purchaser's lien: SeLLer's Inability to convey and limitation oj 4ability: Condition of Property.. Entire Agreement: Changes Must Be In Writing: Singular also Means Plural: I, TITLE NO. 18. At CLOSING, SELLER shall deliver a certified check payable to the order of the appropriate S;-ue,.City or County officer in the amount of any app]j~~ble transfer and/or recording taX payable by reason of the delivery or recording of the deed, together with any required tax ;etum. PURCHASER agrees toduiy complete the taX return and to cause the check(s) and the taX return to be delivered to the appropriate officer promptly after CLOSING. 19. All money paid on account of this contract, and the reasonable expenses of examination of the title to the PREMISES and of any survey and survey inspectibn charges are hereby made liens on the PREMISES and collectable out of the PREMISES. Such liens shall not continue after default in performance of the contract by PURCHASER, 20. If SELLER is unable to transfer title to PURCHASER in accordance with this contract, SELLER'S sole liability shall be to refund all money paid on account of this contract, plus all charges made for: (i) examining the title, (ii) any appropriate additional searches made in accordance with this contract, and (iii) survey and survey inspection charges. Upon such refund and payment this contract shall be considered cancelled, and neither SELLER nor PURCHASER shall have any further rights against the other. 21. PURCHASER has inspected the buildings on the PREMISES and the personal property included in this sale and is thoroughly acquainted with their condition. PURCHASER agrees to purchase them "as is" and in their present condition subject to reasonable use, wear, tear, and natural deterioration between now and CLOSING.PURCHASER shall have the right, aftcr reasonable notice to SELLER, to inspect them before CLOSING. 22. 'All prior understandings and agreements between SELLER and PURCHASER are merged in this contract. It completely expresses their full agreement. It has been entered into after full investigation, neither party relying upon any statements made by anyone else that are not set forth in this contract. 23. This contract may not be changed or cancelled except in writing. The contract shall also apply to and bind the distributees, heirs, executors, administrators, successors and assigns of the respective parties. Each of the parties hereby authorize their attorneys to agree in writing to any changes in dates and time periods provided for in this contract. 24. Any singular word or term herein shall also be read as in the plural whenever the sense of this contract may require it. In Presence Of: TO WN OF SOUTHOLD ~ 1 lA' ":;'" G..)' TiT By ~l oJ "1401,'1';- ,((/bu. . . UllerVlsor ' , . . /l1IcP~'-'~ /'~~~ Watsie~. Sclno ' 1, ,/' ~ fli WJQlez 'J :s epno~ Closing of title under the withih contract is hereby adjourned to at o'clock, at -.. as of 19 Dated, 19 , '. ., For value received, th,'Within-wntract and all the right, title and interest of the purchaser thereunder are hereby assigned, transferred and set over unto _ and said assignee hereby assumes all obligations of the purchaser th~reunder. Dated, 19 19 '; title to be closed and all adjustments to be made Purchaser Assignee of Purchaser PREMISES STEPNOSKI and /" ;1 STEPNOSKI Section Block Lot. CQunty or Town Street Numbered Address " ... l'-ecorded AtRequ;"t of. "." WATSIE G. To: Uo"llFE TITLE INSURANCE Company of New York RETURN BY MAIL TO: TOWN OF SOUTHOLD \, Standard Form of New York Board of Title UnderNl'iters Distributed by Uo-UFE TITLE INSURANCE Company of New York Zip No. - LEFFERTS P. EDSON RUDOLPH H. BRUER ATTOftNIIY. AT LAW cf~QA aAd gj]"ae/' MAl N ROAD 8QUTHOLD. NEW YORK 1187' January 26, 1981 Supervisor william pell Town of Southold Southold Town Hall Main Road Southold, New York 11971 Re: Purchase of Land by Town of Southold Owner - watsie G. Stepnoski Dear Bill: We enclose herein Contract of Sale in connection with the above which has been signed by Mr. Stepnoski. Please provide me with an executed copy at your earliest convenience. RHB:dbc Enclosure ---- Bruer _i 7'/ II".) 7....'1.22 UII.) 7....2110O ROBERT W. TASKER Town Attorney OFFIC T ORNEY D TELEPHONE (516) 477-1400 425 MAIN ST. GREENPORT, L.I., NEW YORK 11944 January 12, 1981 Hon. Judith T. Terry Southold Town Clerk Main Road Southold, New York 11971 Re: Purchase of Land - West Side of Bridge Lane from Stepnoski Dear Judy: I have prepared and enclose herewith, in duplicate, a proposed Contract between Stepnoski and the Town of Southold for the purchase of a parcel of land west of Bridge Lane and north of Route 25 at Cutchogu~. At this time, no purchase price has been agreed to. Therefore, I have not completed paragraph 1 on the second page of the Contract. When a purchase price has been agreed to, this may be completed. Normally, ten percent of the purchase price is required to be paid by the purchaser upon signing of the Contract and the balance of the purchase price is paid at title closing. As I indicated to you by phone, I do not believe that the proposal to purchase this property should be placed on the Town Board agenda until such time as all of the terms and conditions of this purchase have been agreed to by the parties. If the Supervisor is able to arrive at a purchase price prior to the January 13, 1981 Town Board Meeting, then a resolution may be adopted. On the other hand, if no agreement has been arrived at, I would recommend that this matter not be placed on the agenda. If you have any questions on this matter, please call me. Yours very truly, RO~TASKER RWT:aa enc. '. ROBERT W. TASKER Town Attorney OFFIC T ORNEY D TELEPHONE (516) 477-1400 ~a'JED I1.?R l1\l3~' ..... ~ut\lo\d 1lfIll\C\" " 425 MAIN ST. GREENPORT, L.l., NEW YORK 11944 April 15, 1981 Hon. Judith T. Terry Town Clerk Town of Southold Main Road Southold, New York 11971 Re: Town of Southold w/Stepnoski Dear Judy: Relative to the above, I enclose herewith the following: 1. Deed dated March 20, 1981 from Watsie G. Stepnoski and Jennie E. Stepnoski to the Town of Southold, which deed was recorded in the Suffolk County Clerk's Office on March 25, 1981 in Liber 8978 of Deeds at page 415. 2. U. S. Life Title Insurance Policy #81- 52-34674 in the amount of $15,000.00. In order that I may have a record for my files will you please acknowledge receipt of the above by signing a copy of this letter enclosed for that purpose. Yours very truly, ffi ROBERT W. TASKER RWT:aa encs. . YEARS OF SE RVICE ~J'r..."iIFE TITLE INSURANCE Company of New York Policy of Title Insurance IN CONSIDERATION OF the payment of its charges for the examination of title and its premium for insurance, insures the within named insured against all 1055 or damage not exceeding the amount of insurance stated herein and in addition the costs and expenses of defending the title, estate or interest insured, which the insured shall sustain by reason of any defect or defects of title affecting the premises described in Schedule A or affecting the interest of the insured therein as herein set forti" or by reason of un- marketability of the title of the insured to or in the premises, or by reason of liens or incumbrances affecting title attha date hereof, or by reason of anvstatutory lien for labor or material furnished prior to the date hereof which has now gained or which may hereafter gain priority over the interest insured hereby, or by reason of lack of access to and from the premises, excepting all loss and damage by reason of the estates, interests, defects, objections, liens, incumbrances and other matters set forth in Schedule B, or by the conditions of this policy hereby incorporated into this contract, the loss and the amount to be ascertained in the manner provided in said conditions and to be payable upon compliance by the insured with the stipulations of said conditions, and not otherwise. IN WITNESS WHEREOF, USLlFE TITLE Insurance Company of New York has caused this policy to be signed and sealed on its date of issue set forth herein. ~. President Attest: ~., 'i? /(t~' St1crBta~.yl I Name of Insured TOWN OF SOUTHOLD Policy No. 81-52-34674 Amount of Insurance $15,000.00 The estate or interest insured by this policy is vested in the insured by means of Dete of Issue 3/20/81 DEE D recorded 3/25/81 Schedule A The premises in Which the insured has the estate or interest covered by this policy is described on the description sheet annexed. Schedule B The following estates, interests, defects, objection to title, liens and incumbrances and other matters are excepted from the coverages of this policy: 1. Defects and incumbrances arising or becoming a lien after the date of this policy, except as herein provided. 2. Consequences of the exercise and enforcement or attempted enforcement of any governmental war or police powers over the premises. 3. Any laws, regulations or ordinances (including, but not limited to zoning, building, and environmental protection) as to the use, occupancy, subdivision or improvement of the premises adopted or imposed by any governmental body, or the effect of any noncompliance with any violation thereof. 4. Judgments against the insured or estates, interests, defects, objections, liens or incumbrances created, suffered, assumed or agreed to, by or with the privity of the insured. 5. Title to any property beyond the I ines of the premises, ortitle to areas within or rights or easements in any abutting streets, roads, avenues, lanes, ways or waterways, or the right to maintain therein vaults, tunnel~ramps or any other structure or improvement, unless this policy specifically provides that such titles, rights, or easements are insured. Notwithstanding any provisions in this paragraph to the contrary, this policy unless otherwise excepted, insures the ordinary rights of access and egress belonging to abutting owners. 6. Title to any personal property, whether the same be attached to or used in connection with said premises or otherwise. SURVEY by Roderick Van Tuy1, dated 1/5/81 shows vacant land; no encroach- ments or variations. Company excepts any state of facts a surveyor in- spection of the premises made since 1/5/81 might show. RIGHTS of tenants or persons inpossession, if any. POSSIBLE unpaid water charges. . . . Report 13-5 (10/80) SCHEDULE A (Description) ALL that certain plot, piece or parcel of land, with the buildings and improvements thereon erected, situate, lying and being, at CutchJgue, in the Town of Southold,.county of Suffolk, and State of New York, rounded and described as follows: BEGINNING at a point on the westerly line of Bridge Iane, 200 feet llOre or less, northerly along said westerly line from its intersection with the northerly line of Main (State) Road, said point of beginning being also at the intersection of the oortheasterly corner of land now of fonnerly of Case with said westerly line of Bridge Iane; fran said point of beginning running thence along said land of Case, two courses as follows: 1) South 790 20' 20" West 100.0 feet; thence 2) South 310 47' 00" East 200.0 feet to the northerly line of Main (State) Road; Running 'Ihence along said northerly line of Main (State) Road South 710 55' 30" West 233.78 feet to land now or fonnerly of Orlowski; Running 'Ihence along land last rrentioned two courses as follows: 1) North 10 18' 50" West 74.40 feet; 'Ihence 2) North 430 58' 20" West 85.60 feet to other land of the Sellers; Running thence along land last rrentioned, two courses as follows: 1) North 540 57' 50" East 210.15 feet; thence 2) North 790 20' 20" East 93.75 feet to said westerly line of Bridge Iane; Running 'Ihence along said westerly line of Bridge Iane South 420 59' 00" East 17.75 feet to said land of Case and the point or place of BEGINNING. FOR INFORMATION ONLY: DISTRICT 1000 SECTION 097.00 BLOCK 01. 00 LOT plo 016.000 ~ ~ Conditions of this Policy 1. Definitions (a) Wherever the term "insured" is used in this policy it includes those who succeedtothe interest of the insured by operation of law including, without limitation, heirs, distributees, devisees, survivors, personal representatives, next of kin or corporate successors, as the case may be and those to whom the insured has assigned this policy where such assignment is permitted by the terms hereof, and wherever the term "insured" is used in theconditionsofthis policy it also includes the attorneys and agents of the "insured." (b) Wherever the term "this company" is used in this policy it means USLlFE TITLE Insurance Company of New York. (e) Wherever the term "final determination" or "finally determined" is used in this policy, it means the final determination of a court of competent jurisdiction after disposition of all appeals or after the time to appeal has expired. (d) Wherever the term "the premises" is used in this policy, it means the property insured herein as described in Schedule A of this policy including such buildings and improvements thereon which by law constitute real property. leI Wherever the term "recorded" is used in this policy it means, unless otherwise indicated, recorded in the office of the recording officer of the county in which property insured herein lies. 2. Defense and Prosecution of Suits (a) This company will, at its own cost, defend the insured in all actions or proceedings founded on a claim of title or incumbrances not excepted in this policy. (b) This company shall have the right and may, at its own cost, maintain or defend any action or proceeding relating to the title or interest hereby insured, or upon or under any covenant or contract relating thereto which it considers desirable to prevent or reduce loss hereunder. (c) In all cases where this policy requires or permits this company to proscute or defend, the insured shall secure to it the right and opportunity to maintain or defend the action or proceeding, and all appears from any determination therein, and give it all reasonable aid therein, and hereby permits it to use therein, at its option, its own name or the name of the insured. (d) The provisions of this section shall survive payment by this company of any specific loss or payment of the entire amount of this policy to the extent that this company shall deem it necessary in recovering the loss from those who may be liable therefor to the insured or to this company. 3. Ca.s Where liability Arises No claim for damages shall arise or be maintainable under this policy except in the following cases: (a) Where there has been a final determination under which the insured may be dispossessed, evicted or ejected from the premises or from some part or undivided share or interest therein. (b) Where there has been a final determination adverse to the title upon a lien or incumbrance not eexcepted in this policy. (c) Where the insured shall have contracted in good faith in writing to sell the insured estate or interest, or where the insured estate has been sold for the benefit of the insured pursuant to the judgment or order of a court and the title has been rejected because of a defect or incumbrance not excepted in this policy and there has been a final determination sustaining the objection to the title. (d) Where the insurance is upon the interest of a mortgage and the mortgage has been adjudged by a final determination to be invalid or ineffectual to charge the insured's estate or interest in the premises, or su bjectto a prior lien or incumbrance not excepted in this policy; or where a recording office has refused to accept from the insured a satisfaction of the insured mortgage and there has been a final determination sustaining the refusal because of a defect in the title to the said mortgage. (e) Where the insured shall have negotiated a loan to be made on the security of a mortgage on the insured's estate or interest in the premises and the title shall have been rejected by the proposed lender and it shall have been finally determined that the rejection of the title was justified becauseofa defector incumbrance not excepted in this policy (f) Where the insured shall have transferred the title insured by an instrument containing covenants in regardtotitleorwarrantythereof and there shall have been a final determination on any of such covenants or warranty, against the insured, because of a defect or incumbrance not excepted in this policy. (g) Where the insured estate or interest or a part thereof has been taken by condemnation and it has been finally determined that the insured is not entitled to afullaward for the estate or interest taken because of a defect or incumbrance not excepted in this policy. No claim for damages shall arise or be maintainable under this policy (1' if this company, after having received notice ofan alleged defector incumbrance, removes such defect or incumbrance within thirty days after receipt of such notice; or (2) for liability voluntarily assumed by the insured in settling any claim orsuitwithoutthewritten consent of this company. 4. Notice of Claim In case a purchaser or proposed mortgage lender raises any question as to the sufficiency of the title hereby insured, or in case actual knowledge shall come to the insured of any claim adversetothe title insured hereby, or in case of the service on or receipt by the insured of any paper, or of any notice, summons, processor pleading in any action or proceeding, the object or effect of which shall or may be to impugn, attack or call in question the validity of the title hereby insured, the insured shall promptly notify this company thereof in writing at its main office and forward to this company such paper or such notice, summons, process or pleading. Delay in giving this notice and delay in forwarding such paper or such notice, summons, process or pleading shall not affect this company's liability if such failure has not prejudiced and cannot in the future prejudice this company. 5. Payment of Loss fa) Thiscompanywill pay, in addition to the loss, all statutory costs and allowances imposed on the insured in litigation carried on bythiscompanyforthe insured under the terms of this policy. This company shall not be liable for and will not pay the fees of any counselor attorney employed by the insured. (b) In every case where claim is made for loss or damage this company(1) reserves the rightto settle, at its own cost, any claim orsuitwhich may involve liability under this policy, or (2) may terminate its liability hereunder by paying ortendering the full amount ofthis policy, or (3) may, without conceding liability, demand a valuation of the insured estate or interest, to be made by three arbitrators or any two otthem, one to be chosen by the insured and one by this company, and the two thus chosen selecting an umpire. Such valUation, less the amount of any incumbrances on said insured estate and interest not hereby insured against, shall be the extent of this company's liability for such claim and no right of action shall accrue hereunder for the recovery thereof until thirty days after notice of such valuation shall have been served upon this company, and the insured shall have tendered a conveyance or assignment of the insured estate or interest to this company of its designee at such valuation, diminished as aforesaid. The foregoing option to fix a valuation by arbitration shall not apply to a policy insuring a mortgage or leasehold interest. The foregoing option to fix a valuation by arbitration shall not apply to a policy insuring a mortgage or leasehold interest. fc) Liability to any collateral holder of this policy shall not exceed the amount of the pecuniary interest of such collateral holder in the premises. (d) All payments made by this company under this policy shall reduce the amount hereof pro tanto except (1' payments made for counsel fees and disbursements in defending or prosecuting actions or proceedings in behalf of the insured and for statutory costs and allowances imposed on the insured in such actions and proceedings, and (2) if the insured is a mortgagee, payments made to satisfy or subordinate prior liens or incumbrances not set forth in Schedule B. (e) When liability has been definitely fixed in accordance with the conditions of this policy, the loss or damage shall be payable within thirty days thereafter. 6. Co-Insurance and Apportionment (a) In the event that partial loss occurs after the insured makes an improvement subsequent to the date of this policy, and only in that event, the insured becomes a co-insurer to the exterlt hereinafter set forth. If the cost of the improvement exceeds twenty per centum of the amount of this policy, such proportion only of any partial loss established shall be borne by the company as one hundred twenty per centum of the amount of this policy bears to the sum amount of this policy and the amount expended for the improvement. The foregoing provisions shall not apply to costs and attorneys' fees incurred by the company In prosecuting or providing for the defense of actions or proceedings in behalf of*,e insured pursuant tothe terms of this policy or to costs imposed on the insured in such actions or proceeding, and shall apply only to that portion of losses which e~eed in the aggregate ten per cent of the face of the polley. Provided, however, that the foregoing co-insurance provisions shall not apply to any loss arising outof a lien or incumbrance for a liquidated amount which existed on the date ofthis poHcy and was not shown in Schedule D; and provided further, such co-insurance provisions shall not apply to any loss if, atthetimeoftheoccurrence of stich loss, the then value of the premises, as so improved, does not exceed one hundred twenty per centum of the amount of this policy. (bllfthe premises are divisible into separate, independent parcels, and a loss is established affecting one or more but not all of said parcels, the loss shall be computed and settled on a pro rata basis as If this policy were divided pro rata astovalue of said separate; independent parcels exclusive of improvements made subsequenttothe date of this policy. (cJ Clauses "(a)" and "(bl" of this section apply to mortgage policies only after the insured shall have acquired the interest of the mortgagor. (d) If, atthetlme liability for any loss shall have been fixed pursuantto the conditions ofthis policy, the Insured holds another policy ofinsurance covering the same loss issued by another company, this company shall not be liableto the insured for a greater proportion of the loss than the amount that th is policy bears to the whole amount of insurance held by the insured, unless another method of apportioning the loss shall have been provided by agreement between this company and the other insurer or insurers. 7. A...n~ntmPoHcy If the interest insured by this policy is that of a mortgagee, this policy may be assigned to and shall enuretothe benefit of successive assignees of the mortgage without consent of this company or its endorsement of this policy. Provision is made in the rate manual of New York Board of Title U nderwriters filed with the Superintendent of Insurance of the State of New York on behalf of this and other member companies for continuation of liability to granteesofthe insured in certain specificcircumstances only. In no circumstance provided for in this section shall this company be deemed to have insured the sufficiency of the form of the assignment or other instrument of transfer or conveyance or to have assumed any liability for the sufficiency of any proceedings after the date of this policy. 8. Subrogation la) This company shali to the extent of any payment by it of loss under this policy, be subrogated to all rights of the insured with respect thereto. The insured shall eMeCute such inst-ruments as may be requested to transfer such rights to this company. The rights so transferred shall be subordinate to any remaining interest ofthe tnslJll'ed. (e) Ifme Hwured is a mortgagee, this company's right of subrogation shall not prevent the insured from releasing the personal liability of the obligor or guarantor or fIoom relea,""g a portion of the premises from the lien of the mortgage or from increasing or otherwise modifying the insured mortgage provided such acts do not affect the validity or priority of the lien of the mortgage insured. However, the liability of this company under this policy shall in no event be increased by any such act of the iosu-red. 9. MI.....,.....ntltlon Any untrue statement made by the insured, with respect to any material fact or any suppression of or failure to disclose any material fact, or any untrue answer by the insured, to material inquiries before the issuance of this policy, shall void this policy. 18. No Waiver of Conditions This company may take any appropriate action under the terms of this policy whether or not it shall be liable hereunder and shall not thereby concede liability or waive any provision of this policy. 11. Policy entire Contract All actions or proceedings against this company must be based on the provisions of this policy. Any other action or actions or rights of action that the insured may bring against this company in respect of other services rendered in connection with the issuanceofthispolicy, shall be deemed to have merged in and be restricted to its terms and conditions. 12. Validation and Modification This policy is valid only when duly signed by a validating officer or agent. Changes may beefteCled onl'l by written endorseme:nt.lfthe recording date of the instruments creating the insured interest is later than the pottcy date, such policy shall also cover intervemng liens or incumbrances, except real estate taxes, assessments, water charges and sewer rents. U-"l1FE TITLE INSURANCE Company of New York New York State Offices Albany County 90 State Street, Albany 12207 518472.9161 Bronx County 2488 Grand Concourse, Bronx 10458 212292-5200 Kings County 185 Montague Street, Brooklyn, 11201 212522-0777 212425-8010 Nassau County 170Jericho Turnpike, Floral Park 11001 516354.8500 212347-2010 New York County 125 Maiden Lane, New York 10038 212425-8010 au..ns County 90-15 Sutphin Boulevard, Jamaica 11435 212739-4001 Richmond County 350 St. Marks Place, St. George, 5.1. 10301 212442-2700 Rockland County 20 South Main Street, New City 10956 914634.3612 212292-1528 Suffolk County 127W. Main Street, Riverhead 11901 516727-4140 212962-1445 W.stchester County 235 Main Street, White Plains 10601 914948-4040 212824-0404 Policy 21 (1IBO) N.Y.B,T,U. Form No_ 100D -- C' , . !. , . \ \\ \ \, ! ~~) 'I <I' f. I () I , 1/ I I I Z10.6 '60"E3'~ ",A'6--r~ t--l.~ ..----- '~ \ '. - ....[ ",."It- fv'" .. :.::::~)!'.. ,;.:.:'1 t: .-' I, () f,' r' o "> .... \f) r\ ~ S. 71 '55 '"O"W MAlt" ~--------- -------- --.\ \ '" \ " A,0.' '\ \ N,79'ZO':.?C"E;.:, \ \1' 93.75 . \~ -,._ ~'J ',5' ~ ~ -.~~~. S.79':~'O'20'W - ~ IOo'Q . \\~ \ I, \ \ \ \ , \ (l \') I, 1'> '0\ tl' 'Ii\ 0 I, ~\l -;. ...; ~\ \\\ 23:3.78 -- , {STATE) . , QOAD MAP OF Pf20PEt2TY c:., ,r':'J, .'t-=\./I.'.:r' r=,..~~(";' I OVjf'J Scals: 50'~ {" I-WoC'( '" 38, 940 :-''7.;+. 3 :-::2 '-t-fDI rUtMt'tJll+ Q '" i"-Orl pipe SufF-:.U; Coun+'j 7rIx MClp Cc~11nad-iClH: Ois+. {OOQ, Ser::+.097, E-1/j~.{,f:la Pci. ,."'. ,..._~ OF= SOUT'!--!OLO t~T ..-/ '7crl {~.,,:-.IJF-= ,~,! ',./ ,"-" J '... L.,~ _ , , . , , . ..- -- +--..._._,...~- .. .-- --~-_._._.._~_._-- ._..._--~ .~ , \ \ \ \ \ \ \ 156.0. \ \ \ \ \ \ Q ~ 'D ~\ \\\ \ I, \ \ \ \ \ \ \ \ 1?L ~ \ \ \ \ \ .._~.__l -----i:-' (jj) -.. -I-r~ I f \) / !' " I' i/ / ! Ii / r ,I l , ! Ii / " I ' /-1 I -----!-. '\ \ \ I, i , , \1 '\ j I - r' -.-.- ~ .....".- ~ il'. I ! I I . ..-..---__ ______...1._______ "- -.-.--------,^------- oJNAUHlORIZFD ALTf:?ATr ro THIS S[l'~YEY /s ~ V o~ OR: A,oorr~ SECTION 7=C9 C .' '?tATlON Of ECUC,',TI0h LA"./ Td~ NoVI r..:Rr. 5lAn n:f j:~~;:rr,'I.',I,~ '~'.I~:,,,,., i',~,~ Nor HA~IHG :~;-~::;-,':i':>,J ;:i::: ~ i::;:.~~,;_,:~~~;,,;I~(:fD C'..- Gr", -..,.-j C':.:' :., ~:."! ~li,",U ;.:U.'-I I:; !;,~ ~ ~.:: I:~;::;~::~!-:',Yn .ITI.,: , :; "--i:;;-:;::,~~ :~;~);i~,::( "- ".;)j.A1 -.......mUS:~N.:; Oil; SL.-.\lSfWfN' ;:~S. Surve'fec::J Jan. 5, /981 I2COEf2'C~ \"AN 77.JYL , Pc. /c. V <=+- "7'-:... -,~ - ,,- "..- ..'... - -- ,.- - -- --_..~-- .--- Cicensecl Land SUrve'jO/"'s Grsenporl ~ !\k!w Yor/.:: \'~ --. .... Q \"0' ""6'- -'- " .. -' . I.~ "" '.. ;~, / ;:;:. ~ (~.'\ I . l> .... <. ;.:;'- , J . '" J .' '. '/ rt' 'It:.. ., :.;.:;:d;rr''*' / \ ;:;.~ ! ___ ' - -' , I ,- JM ~ Q7I"I'(!'7 \---- '---~ -,-) \ \ , \ i i \ \ \ \ t \J ~ I , I fi ~ \ 1l fT, I . \ ~ t:i')\ . ~... , --'1 -\ \ .~, }>- -'J . z: \ .~ \ \ \ \ I i \ i \ --.-\ I[ , --- ". ----~ ~, :",;::;\ ' '<., '/ , - "-- , '---f.. jog I \ \ \ \ \ '/~=-.._-~ ~i,rJ\.7"~::0 J~ \': ~ ~'" \0. ('.:> . r . ':>1\ 0 ~-?!-. ~ ':.&' = "'-;:'.. --." 't- P ;"T~:i'l~S; '..~ I. '. I l-=> \:1" :-- v;.c ') .<1'1'1 ~ \ '" ' /I 'A')-I .. 'Uti." {~ ~'/; i~, ' .. I. I /in t.' ~'\' .., 'I..:, . '-;'11 0 'fI <>< \; '\ . '.\ \ Pt,',lJ, r$' \1 ., .;~ <.' ('~ 1\ . -"-- . '.1> .. l,ra-"S9j b' ~l :;;, 5\ (1\ L '. ~~::. ,...." . . > ';, ~"'''; "-... ~...: . ~- ~..... ......... -:.~' .~-)-. . ,.' , (. . " (/ ~ ,";. --.-: ---'-_..~.:.:::: ;::--;.::::" -'. '''./ \ .......... "'4 ~. -~. ". ) ........ -- ~ lJ., "0 of- ~ ~ ,-. 'V ~y I N"rJ I , I.." ,-')l '_'f ""bJ\<J .' v, , ....,..-, ,'. . ~ \ ) ---- -' ::.... ......'... ".". - ,~~......- . . \ \ I \ \ \ \ I . \, ~-\ \ \ . \ ,( \ . ... , 01-'- , {'i .~s~ --,--~. , \ I \ i ! ", .. @"',4M anr/ !J8R~fJ/' ATTORHKYS AT LAW r.::i f:7:> ;;, ,-- - r n iJ ",_,1i_~ : I j ':~; . MAIN ROAD SOUTHOLD, NEW YORK 11971 J 9 /981 LEFFERTS P. EDSON RUDOLPH H. BRUER January 9, 1981 Supervisor william pell Town of Southold Southold Town Hall Main Road Southold, New York 11971 Re: Purchase of Land by Town of Southold Owner - Watsie G. Stepnoski Dear Bill: In connection with the proposed purchase by the Town of property of watsie Stepnoski, Mr. Stepnoski feels that a fair and equitable purchase price will be $20,000.00. He feels that the value is there due to the large road frontage. Mr. Stepnoski also feels that having a sump bordering his property de- values the remaining part of his farm in the event that it is later developed for one family homes. Please advise me of the Board's decision. Sincerely, -gvL~/ RUdOlp~H. Bruer RHB:dbc cc: Raymond Dean .,"'-" Ori~. {!1 -, ;,G, ,/ ~:~ cc:.::s~__ f"ttJ, p ,"'" t\l,.b.l.i...... - file :--i~',.:""':;'~l ilil L - 'II:! I , , .: (1S1l5) 76S.1222 U5 I B) 7615-2800 " ~, . nrstlOwne, ~alty;l, MAIN ROAD SQUTHOLO, NEW YORK 11971 (516) 765-2288 [ I ,i LEWIS EDSON LICENSED BROKER MAIN ROAD CUTCHOGUE, NEW YORK 11935 15161 734-6687 December 10. 1979 APPRAISAL REPORT FOR THE TOWN OF SOU'L'HOLD WATSIE G. STEPNOSKI PROPERTY AT BRIDGE LANE, CUTCHOGUE, N.Y. ., nrstlOwne, ~alty ,I,. " MAIN ROAD SQUTHOLD, NEW YORK 11971 15161 765-2288 LEWIS EDSON liCENSED BROKER MAIN ROAD CUTCHOGUE, NEW YORK 11935 (516) 734-6687 December 10, 1979 Appraisal Report for the Town of Southold of the Watsie G. Stepnoski property at Bridge Lane, Cutchogue, New York $60.00 ",,~C.~ c' ~'.' .../ - n-; /,</ Lewis L. Edson First Towne Realty Main Road Southold, New York, 11971 , .Ff' ~. nrstlOwne, ~alty,l, '. , MAIN ROAD SOUTHOLD, NEW YORK 11971 15161 765.2288 LEWIS EDSON LICENSED BROKER MAIN ROAD CUTCHOGUE, NEW YORK 11935 15161734-6687 In the Matter of the Property of Watsie G. Stepnoski ) ) ) -) State of New York ) ) County of Suffolk ) as Lewis L. Edson being duly sworn; deposes and says: I am over 21 years of age and reside at Southold, Town of Southold, Suffolk County, New York. I am duly licensed as a real estate broker and sole owner of First Towne Realty of Southold and Cutchogue, New York. I have acted in some sales and purchases in the Town of Southold. I have also bought and sold real property for my own account 'at Southold and elsewhere in the Town of Southold. I am well aquainted with real estate values in Southold. On or about November 30, 1979, Raymond Dean, Highway Superintendent for the Town of Southold requested ~irst Towne Realty to make an appraisal of a portion of the real property in the Town of Southold, Village of Cutchogue, owned by Watsie G. Stepnoski. While I was then generally familiar with the property, I have since carefully inspected all of the property for the purpose of I appraising it. - . ~ The parcel contains ~pproximatly 40,000 square feet, is located on the westerly side of Brigge Lane approximatly 200ft. northerly from Main Road, Cutchogue, Town of Southold, County of Suffolk State of New York and is bounded on the north by M. Zanowski, east by Bridge Lane, South by M. E. Case and west by A. Gryszko. The subject property is cultivated farm land. The portion in con- sideration is the low point of the surrounding area. There already exist deep ruts which have been created by the heavy flow of water to this property. An earthen dike has been formed on the southernly side of the subject property to retain the water from going on the Case property. In my opinion, because of the terrain of the area this property has little value for farming or residential purposes. The 1978 - 1979 Southold Town Assessment of the entire 16.5 acres parcel was: Land $4300. The 1978 - 1979 Southold Town Tases for the entire 16.5 acre parcel was: $831.88 In my opinion a fair market value for the entire 16.5 acre parcel would be $3500. per acre or $57,750. The purpose of this appraisal is to arrive at a fair market value for an acre at the south-easterly corner of the property as shown on the attached survey. As here in for stated the subject property has little value because of the lowness to the surrounding area and the creation of a recharge basin as intended by the Town of Southold will increase the value to the . . . , surrounding properties In my opinion a fair market value for the subject parcel would be $6000.00 Suffolk County Tas Map # 1000- 97-1-16 "~~ Lewis L. Edson Licenced Broker Subscribed to and sworn before me this 10th day of December, 1979 )<dVvtb-?u- ~J,(-,,#- / Notary Public ' 1lOTARY~~,=,y.. .... Uo4lI77H a........ In Suffoll< Coll!'!f eomm_ Exp/ret M..ch 3Q; I'ill > " '1";," ,:.,.{;~'. . . ''';' r ! " - SEE SEC. NO,Q"!6 SEES::C.NO MATCH . 096 -- _Z------=-I~ SEE SEC, NO. 0"6 ,/ MATCH LINE u.;q,~!O --z- " " . . . ~ I 1< ~. . ? I~ , n i r '" I .. ... . - ~_...... o " " o n z o , " i(;i ~~ .~~:,;, . " . " ~ ~ " " ... ~ ~,. t:?~l ,'7 j/ ~' / \ @ . " . ~ - oc -z "'- ,.,0 Z z." 0'" .."' "' '" n % 8 r . . 00 o . ., ~ ~ . , . ~a ~ ~ I I I , " I~ 0 I I, ""Jr (; ,.., ,..,'. ,~ ~\ '" -;.\ " . ~ :;: ." '..... ,. . . , . . FRONT VIEW I 1If~t;;,~~, ... .,_" I ~trt~t~~:;:<:~~ ~:?' . '.:~ ': :.' - _;.-~~~~~ "'~~~.. ......J't?~..."'..". _. /"" - .~:.'.-~~-- ~~ ,,~":"";~F"''' ~".~-s.,::r~' . -~~~;;:~:.;~. ./. ..~~..Jt ... -., /(f~. _.J4 "",..ii':. ,,'t'::"loi' ~ 'li~:;. ~.~.....;;.:.~~';\!. ~~'." REAR VIEW