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Home My WebLink AboutHarbor Lights ';,' . .. Ri JUDITH T. TERRY TOWN CLERK RElilSTRAR Ot- VITAL STATISTICS Town Hall, 53095 Main Road P.O. Box 1179 South old, New York 11971 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 OCTOBER 4, 1988: RESOLVED that the Town Board of the Town of Southold hereby extends the $35,000.00 letter of Credit posted as a bond for roads and improve- ments in the major subdivision of Harbor Lights, Section 4, to September 12, 1989, all in accordance with the recommendation of the Southold Town Planning Board. 4/~~ ~thT~~ Southold Town Clerk October 6, 1988 . - ~ . . 'I "" Town Hall, 53095 Main Road P.O. Box 1179 Southold, New York 11971 TELEPHONE (516) 765-1938 RECEIVfD O[;r I 4 '/QQr ....../J PLANNING BOARD OFFICE TOWN OF SOUTHOLD Southord r ""''" CI~,~ October 4, 1988 Mrs. Judith Terry Town Clerk Town Hall, Southold RE: Letter of Credit for Harbor Lights, Section 4 SCTM #1000-79-4-17.2 &17.10 Dear Mrs. Terry: The following action was taken by the Southold Town Planning Board on Monday, October 3, 1988. RESOLVED that the Southold Town Planning Board recommend to the Town Board that the Letter of Credit for Harbor Lights, Section 4 be extended for a one-year period to expire on September 12, 1988. This letter of credit is to also cover corrective work necessary since items in the orignal bond estimate were not complied with. If you have any questions, please do not hesitate to contact this office. /:9;;"22 P'~ ORLOWSKI ,JR. CHAIRMAN jt NO~T'" 1\ . FOMI<~ B~NI< . . t The North Fork Bank & Trust Co SlJbSidiary of North Fork BanCOfpararion, Inc. Home Office: Mattiluck, New York 11952 September 12, 1988 Southold Town Planning Board Southold Town Hall P.O. Box 728 Southold, New York 11971 Re: Letter of Credit #M-8883 Performance Bond - Harbor Lights Estates Section 4 Harold Reese & Fred Reese Gentlemen: We hereby establish our Irrevocable Letter of Credit #M-8883 in your favor and authorize you to draw upon this Bank up to an aggregate amount of _. Thirty-five Thousand and NO/I00 ($35,000.00) 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 Harbor Lights Estates, Section Four, Town of Southold, 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 September 12, 1989. All drafts drawn hereunder must all also be accompanied by the Town's signed statement certifying that the amount ~rawn represents sums due under or in connection with the Performance Bond of Harold Reese and Fred Reese. This Letter of Credit is not transferrable. This Letter of Credit #M-8883 supersedes and replaces Letter of Credit #M-8769 dated October 13, 1987. This credit is Credits (1983 1/400, except as subject to the Uniform Customs and Revision), International Chamber expressly provided herein. Practice for Documentary of Commerce Publication THE NOR '\ \ -, ,. \, " I (.,' . , I: By: , , .' Rob ( ',.. (/ I ' << ~, I, (( RK BANK AND TRUST COMPANY Senior Vice President ..' ~,;.!'>,~~'" ''''r;\ '." ~{f,;" ,~, . (~'t' ~~... ,'~ :\ 'ofl . ~~~~, _1 ,t ~. < . '~~!!l1."t"_ ~ '{ :'"'''V''' . . SUBDIVISION BONDS - CURRENT GRANDVIEW ESTATES - Reese, Letter of Credit - $104,500. - expires 1/21/88 HARBOR LIGHTS, SEC. IV - Reese, Letter of Credit - $ 35,000. - Expires 9/12/89 HARBOR VIEW - Bayview Ventures, Letter of Credit - $1,150,000. -expires 12/20/88 HILLCREST ESTATES, SEC. I - Reese, Letter of Credit - $329,000. - expires 1/21/88 HOMESTEAD ACRES Riverside Homes, Inc., Letter of Credit - $250,000. -exp.2/27/86 automatic renewals- HONEYSUCKLE HILLS - Gatz, Performance Bond - $78,000. - 1981 LONG POND ESTATES, SEC. I - Forchelli & Mohring,Perf. Bond -$350,000. 1985 MARCUS, LEON - Minor Sub., Perf. Bond, Water Main - $9,139. - 1984 MOUNT BEULAH ACRES - Booth, Performance Bond - $20,000. - 1981 REYDON COURT AT BAYVIEW - Wm. Walters, John Bertani, & Anthony Pagoto, Letter of Credit - $65,000. - expires 7/23/88 RICHMOND SHORES AT PECONIC - R.E.C. Realty & Cummins, Perf. Bond- $300,000.00 performance bond updated on 12/31/87. Exp. 12/31/90 SYLORET ESTATES - Hockman, Perforamnce Bond - $20,000. - 1976 THE BREAKERS AT LANDS END - Greenport Development Corp., Performance Bond in the amount of $100,000. - 1987 BREWER YACHT YARD AT GREENPORT, INC. - Performance Bond in the form of passbook in the amount of $5,000.00 .~ SUNBEAU ASSOCIATES - Sunbow Associates-$169, 155 .00, Letter of Credit ,Exp. 7/31/89 .: u . . 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 THIS IS TO CERTIFY THAT THE FOllOWING RESOLUTION WAS ADOPTED BY THE SOUTHOlD TOWN BOARD AT A REGULAR MEETING HELD ON OCTOBER 6, 1987: RESOLVED that the Town Board of the Town of Southold hereby authorizes the extension of the Letter of Credit for Harbor Lights, Section 4, for a one-year period to expire on OctOber 1, 1988, all in accordance with the recommendation of the Southold Town Planning Board. ~ ....--::;: - .../-~~ --- Judith T. Terry Southofd Town Cfer October 7,1987 ." ,..\1 . . ---Y:@cof;; .....---- Southold. N. Y. 11971 (516) 765- 1938 October 5, 1987 Mr. Harold Reese c/o Gary McLean Blue Marlin Drive Southold, NY 11971 Re: Harbor Lights, Section 4 SCTM# 1000-79=4-17.2 and 17..10 Dear Mr. Reese: The following action was taken by the Southold Town Planning Board, Monday, September 28, 1987. RESOLVED that the Soutohld Town Planning Board recommend to the Town Board that the letter of credit for Harbor Lights, Section 4 be extended for a one-year period to expire on October 1, 1988. This letter of credit is to also cover corrective work necessary since items in the original bond estimate were not complied with. Enclosed are copies of the engineers reports with regard to this subdivision,indicating the remaining work to be completed. Please note, the Town Board authorized a reduction in the letter of credit from $100,000 to $35,000 in August 1986. If you have any questions, please don't hesitate to contact our office. Very truly yours, t2LlI.JU...tt Oil ~\U. '(~"y(Jtn./~ BENNETT ORLOWSKI, JR., CHAIRMAN SOUTHOLD TOWN PLANNING BOARD By Diane M. Schultze, Secretary cc: Town Clerk enc. Sidney B. Bowne, P.E., L.S. ('922-' 959) Chester C Kelsey, P.E., LS. Alexandre W. Mercil. P.E. Robert A Slanton, P.E. Robert W. Brown, LS. Zabd,el A BlaCkman, P.E., l.S. . . SIDNEY B. BOWNE & SON '6'~@,~ 45 Manor Road Smithtown, N.Y. 11787 (516) 724-0611 ROland And Roger L Co Francis J. L: PhilipSchlo Joseph F. Si Paul F. Stev WilliamT.S Richard B.... -' .J George A. Style. P.E. Jerry D. Almont. P.E. George L. Fagan. Jr., Ph.D.. P.E. Frank Capobianco. C.E. Thoma. R. Pynchon. L.S. September 23, 1987 Mr. Bennet Orlowski, Jr., Chairman TOWN OF SOUTH OLD Planning Board 53095 Main Road Southold, New York 11971 Re: Site Inspection of Retention Area, Harbor Lights Estates, Section Four, Town of Southold, N.Y. (SBB NO. 87144) Gentlemen: A site inspection of the "recharge area" for this project was conducted on 9/22/87. Present were Mrs. Valerie Scopaz, Town Planner, Town of Southold, Mr. Raymond Dean and Mr. C.S. Heffernan, both from this office. We found that the area could be util ized effectively in its natural state as a recharge area and would provide adequate recharge area for the tracts involved. Maintaining this area in its natural state would not only provide a "greenbelt" but would protect the i~tegrity of the existing "eco system". Excessive silting has occured in the recharge area due to both the pipe trench from the catch basins at the south end of Clipper Drive to the discharge pipe at the recharge site, as well as from the areas where excavation was performed adjacent to this discharge pipeline (Square Rigger Lane). We recommend that the developer stabil ize this area immediately to deter further contamination of this recharge area and construct a siphon structure (bubble basin) at the end of the discharge pipe to further guard against future silting and erosion. We also recommend that final approval be withheld until this work is completed as well as the remedial work listed in our letter of August 3, 1987. Very truly yours, SIDNEY B. BOWNE & SON CO I LTI~G ENGI E S RECEIVED BY SOUTHOlD TOWN PlANNING BO~RD SEP ~ 4: 1987 DATE. CSH:clg xc: Ray JacobsJ Supt./Hwys. Ray Dean (::.BB) V. Lessard (Building Dept.) MINEOLA . SMITHTOWN . NEW YOR/<: CITY . CLEARWATER Art Eque' OpPOr1ur"ty Employe' M/FIH ~O'MTI-I ^ - FOMI<~ I3~NI< . . The North Fork Bank & Trust Co. Subsidiary of North Fork BankcorpOfsl,on, Inc. Home Office: Maltituck, New York 11952 October 13, 1987 Southold Town Planning Board Southold Town Hall P.O. Box 728 Southold, New York 11971 Re: Letter of Credit #M-8769 Performance Bond - Harbor Lights Estates Section 4 Harold Reese & Fred Reese Gentlemen: We hereby establish our Irrevocable Letter of Credit #M-8769 in your favor and authorize you to draw upon this Bank up to an aggregate amount of Thirty-five Thousand and NO/I00 ($35,000.00) 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 Harbor Lights Estates, Section Four, Town of Southold, 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 October 1st, 1988. 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 and Fred Reese. This Letter of Credit is not transferrable. This credit is subject Documentary Credits (1984 Publication #400, except as to the Uniform Customs Revision), International expressly provided herein. and Practices for Chamber of Commerce By: TRUST COMPANY Senior Vice President ( .' \ \ \"\. . . 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 728 $outhold, New York I] 971 TELEPHONE (516) 765.1801 August 15. 1986 '- " Southold Town Planning Board Southold Town Hall Southold~ New York 11971 Gentlemen: The Southold Town Board. at their regular meeting held on August 12. 1986. authorized the reduction of the $100.000.00 performance bond of Harbor Lights. Section IV to $35.000.00. all in accordance with the recommendations of your board. Superintendent of Highways Jacobs and Road Inspector John W. Davis. Very truly yours. ~~. Judith T. Terry Southold Town Clerk . HOME OFFICE: LOVE LANaTTlTUCK. NEW YORK 11952. (516) 298.8366 ~ ~Ol(THCPOl(l( \:.!!f BANK &-' TRUST Co June 9, 1986 Southold Town Planning Board Southold, New York 11971 R~a;IVm JUN 1 01985 T_ el~ ~rf""ld Re: Letter of Credit #M-8645 Performance Bond - Harbor Lights Estates Section 4 Harold Reese & Fred Reese '- Gent lemen: ---... IIIJ hereby establ ish our Irrevocable Letter of Credit #M-8645 in your favor and authorize you to draw upon this Bank up to an aggregate amount of One Hundred Thousand and NO/100 ($100,000.00) Dollars. Said monies to the extent necessary to complete the improvements hereinafter set forth and referred to hel'ein shall be paid upon demand by the Town Board to complete road improvements to the subdivision known as Harbor Lights Estates, Section Four, 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 245 Love Lane, Mattituck, New York, no later than October 1st, .1987. All drafts dra"'/l hereunder must all also be accompanied by the Town's signed statement certifying that the amount dra\m represents sums due under or in connect ion wi th the Performance Bond of Harold Reese and Fred Reese. This Letter of Credit is not transferrable. This credit is subject to Uniform Customs and Practices for Documentary Credits (1984 ReViSion) International Chamber of Comncrce Pub! ication #400 except as expressly provided herein. Very truly yours, THE NOR Senior Vice President By: \ .', ~~V; R'~\JrrUL': /I<~ /Y 0. .: __--' ~.,....... ~ Pl~ANNING BQARD N ~~"JL.t.., ,. .-.,.. ". 1-'=' ....'...,'" """,",~:P-,"- - ~ " ~, --. ,:"--'-'~, J~\',~:l-,. :--):':' TO'\t O~,SOU11HOLD , : "-,.,. ,,_.;.~ ~._' ,\) t\ ,-,""""il",":o, ,- t-- ~ >"') "...,-.\ '",,,,),, . '" S Ugt~~JB~.:'~O U~TY ~,:,J. i;-~ I~' -<), ~~.; RC:EfVC:' flUG 71D.C+ f..........." Southold. N.Y. 11971 (516) 765-1938 ..-.-n'!".... CI"!,,r\: '9t)ut"o::: August 7, 1986 Mrs. Judith Terry Town Clerk Town Hall Southold, NY 11971 Re: Harbor Lights Section IV Dear Mrs. Terry: At a regular Planning Board meeting, held July 14, 1986, it was resolved to recommend to tile Town Board that the letter of credit held for Harbor Lights, Section IV be reduced in accordance with the recommendation of Inspector John W. Davis. Enclosed is a copy of Mr. Davis' report, as well as, a copy of correspondence from the Highway Superintendent also recommending such a reduction. Please contact this office if you have any questions. Very truly yours, 3~ -I~J--cCL {JrfI;!0XJ IGl. rLd /J.--;f- BENNETT ORLOWSKI, JR., CHAI~:I SOUTH OLD TOWN PLANNING BOARD By Diane M. Schultze, Secretary enc. AUG 4 7986 RAYMOND L. JACOBS Superintendent . . Highway Department Town of Southold Peconic Lane Peconic, N.Y. 11958 August 4, 1986 Mr. Bennett Orlowski, Jr., Chairman Southold Town Planning Board Main Road Southold, New York 11971 Re: Harbor Lights - Section IV Dear Mr. Orlowski: I am in full agreement with Mr. John Davis' report no. 516 in reference to the above named subdivision. 7O:;~ . ~ "",00' C. "0'00' ~ Superintendent of Highways RLJ/plm Tel. 765-31 '734-52 r \. ( ( r'~'\ . - /...; \. ~'. ,....,"' .... '"".... To: Bennett Orlowski, Jr., Chairman Southold Town Planning Board Report No. 516 From: John W. Davis Date: June 18, 1986 Re: Harbor Lights - Section IV - Reduction of Performance Bond The following is based on inspection of work completed as of today and the bond estimate by L. M. Tuthill, dated May 11, 1981. There were some changes in the pavement layout. The paved turnaround was eliminated and a temporary turning area was agreed upon and to be located in Square Rigger Lane. This has not been done. The Ii" top course asphalt pavement has not been placed. Estimated cost for top course - 2800 S.Y. at 12 s.Y./ton = 233 tons at say $35/ton = $8155.00. See attached copy of bond estimate for work items completed and not completed. A. B. C. Work done less pavement top course Work not done including pavement top Administrative and increase costs (3 $45,545.00 course $30,165.00 yr. period)$24,290.00 (46%) (30%) ( 24%) Suggested reduction of bond (A+C) - 5% = 65% d!-~ :JffdJ41/&.~' John W. Davis I ; c5fQ"'('\ , .,l, - ,\,V Ic,'('V" ~ _._._.'.0__ . l.. LAWRENCE M. TUTHILL PROFESSIONAL ENGINEER INLET LANE EXT. GREENPORT, N.Y. 11944 CiREENPCRT 7.'652 ~ May 11, 1981 '. ': Southold To,~ p,anning Board Main lbad Southold, NY 11971 Re: Subdivision entitled "Harl>or Lights Estatesll Section JV Gentlemen: My estimate for the bond for the imorovements for the subdivision entitled "Harbor tights Estates, Sect. 'I'l II is as follows: Land clearing none Rou~h grading 800 cy @ S 3.00(cy Fine gra~iIJ<i 900 t:f. @ $ 1. roll! SurfaCing 900 LF. @ $ 25.00(lf Curbs regular 1700 If @ $ 5.oo(lf integral 100 It @ $ 7.00(lf ..-' Catch basins 6 @ S 800.00 ea.~ .,.,. Leaching pools 4 @ :11; 1,600.co ea.- Piping 18"1 500 It @ $ 15.00(lt Headwall 1 Recharge basin FenciIJ<i (commercial) 970 It @ $ 14.oo(lt curbs under 1rence 1811 970 If @ $ 5.ooj1f Monuments 12 @ $ 50.oc ea. . Sio;ns Dead end &Irrier 1 Seedi~ t acre @ $ 1,600.00(acre Trees 18 @ $ 50.00 ea. Administrative costs Increase costs over 3 year period 1es!,ectifully ~ $ 2,400.00 I 900.00 ; 22 50 0.. C' 'or . ,-:.) 1 , O.O~__ _.. 8,500.00iW L~'C., _ 9 I 700.00 ;-- '., ~::- 4,800.00 -,h 6,400.00 ~.5c:o 00 , 0.00 13,580.00 4,850 .00 No 600.00 I' 80.00 600.00 800.00 I .900..00_ : 5,290.00 ~ 19~OOO.00 I $ 100,000.00 "'~nc 2'\ LOl., ..... 1.. .\. :; 3D ':, '( submitted, A ~ /./U0 //1 -../" Itfi-I.. HOME OFFICE: LOVE LM !ArT/TUCK. NEW YORK 11952. (516) 298.8366 ~~Ol(JHPOItI( '\:!!t BANK &-> 1kUST Co. June 9, 1986 .....r-...~- h.~"..~,~Vf;.:'," Jill') 4 O. 'O:~:' ,," . 1 I........; Southold Town Planning Board Southold, New York 11971 ,",own ~:;",,"l,.. ~ri~lo('\~f,; Re: Letter of Credit #M-8645 Performance Bond - Harbor Lights Estates Section 4 Harold Reese & Fred Reese Gent t emc'n: We hereby establish our Irrevocable Letter of Credit #M-8645 in your favor and authorize you to draw upon this Bank up to an aggregate amount of One Hundred Thousand and NO/100 ($100,000.00) 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 complete road improvffinents to the subdivision known as Harbor Lights Estates, Section Four, Town of Southold, New York. Funds under this Letter of Credit are available against the Town's draft on us pr'esented at our office at 245 Love Lane, Mattituck, New York, no later than October 1st, 1987. All drafts dra\\,n hereunder must all also be accompanied by the Town's signed statement certifying that the amount drawn represents sums due under or in connect ion wi th the Performance Bond of Harold Reese and Fred Reese. This Letter of Credit is not transferrable. This credit is subject to Uniform Customs and Practices for Documentary Credits (1984 Revision) International Chamber of Conrncrce Pub! ication #400 except as expressly provided herein. Very truly yours, r By: Robert J. ~g, Senior Vice President ". . . HOME OFFICE' LOVE LANE. MA TTITUCK, NEW YORK 11952 . (516) 298-836< ~ '7QecWOl(THCPOl(l( \:!!f BANK &-> IkUST Co ~;:C~:i'-/ED BY ~i:uiliuLU JUliN HAN1HtIG BOARD fElL1 1985 DATE January 1, 1985 Southo1d Town Board Southo1d, New York 11971 Re: Letter of Credit #M-8501 Performance Bond Ronald Reese, Christine Reese & Harold Reese Jr. Gentlemen: I . 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/100 ($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 Southo1d, 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 y~~" Robe't J. ~ Se,i" Vi" P",id'"t By: O~- , ) . "84 ~l ~-'- ,;;; , ',-,-'-k-.t'/-' -'/1/-. } .:---- .... ~~. \. " - .- -- (~'-" <---L~/-._ ~L<:j'1~-(--' /~~...:-,~,,&/..,.?>---_:-.->---- HOME OFFICE. LOVE U MATT/NiCK. NEW YOflK 1:952 (516) 298.8366 ~ 71rf}VOR]'HPOI(l( \:!!;f BANK &> 1kUST Co October 1, 1984 Southold Town Board Southold, New York 11971 Re: Letter of Credit #M-8435 Performance Bond Harold Reese & Fred Reese Gentlemen: We hereby establish our Irrevocable Letter of Credit #M-8435 in your favor and authorize you to draw upon this Bank up to an aggregate amount of One Hundred Thousand and NO/100 ($100,000.00) 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 complete road improve- ments to the subdivision known as Harbor Lights Estates, Section Four, 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 245 Love Lane, Mattituck, New York, no later than October 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 Harold Reese and Fred Reese. 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 NOR(7 FORK BANK AND By: k Robert TRUST COMPANY Senior Vice President ~ .....""'I"':',.""'~- , . . Southold. N.Y. 11971 (516) 765-1938 October 3, 1984 Mr. Harold Reese Reese BlOthers, Inc. 855 Sunrise Highway Lynbrook, NY 11563 Re: Letters of Credit for Harbor Lights IV and Grandview Estates Dear Mr. Reese: Please let this confirm our conversation of today regarding the above mentioned letters of credit. The Planning Board requests that the letter of credit for the major subdivision of Harbor Lights Section IV be extended for a one-year period from October 1, 1984 to October 1, 1985 in the amount of $100,000. The Town Board made a request for an extension on the letter of credit for Grand View Estates on November 3, 1983 for a two- year period from April 1, 1983 to April 1, 1985, and we have nothing in our files that this was complied with. Since you have requested a reduction as you have indicated that improvements have been made in this subdivision, we will have our field inspector make an inspection and report on the percentage of work completed to date. The Planning Board can then make a determination on your request for a reduction. If you have any questions, please don't hesitate to contact our office. Thank you for your attention in this matter. Very truly yours, cc:Lwn Clerk Robert Anrig, BENNETT ORLOWSKI, JR., CHAIRMAN -aqUTHOLD TOWN PLANNING BO~ -bU1....Iuz.::::ct 0 ('Lc,tD"2S1u... ~ By Diane M. Schultze, Sedr tary North Fork Bank and Trust, Co. HOME OFFICE: LOVE LANE, MA TTITUCK. NEW YORK 11952 . (516) 298-8366 f!!it ~~~1f[~::gl{l( October 5, 1983 Southold Town Board Southold, New York 11971 Re: Letter of Credit UM-8330 Performance Bond Harold Reese & Fred Reese Gentlemen: We hereby establish our Irrevocable Letter of Credit UM-8330 in your favor and authorize you to draw upon this Bank up to an aggregate amount of One Hundred Thousand and NO/100 ($100,000.00) Dollars. Said monies to the extent necessary to complete the improvements hereinafter set forth and referred to herein shall-be paid upon demand by ~he Town Board to complete road improve- ments to the subdivision known as Harbor Lights Estates, Section Four, 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 245 Love Lane, Mattituck, New York, no later than October 1st. 1984. 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 and Fred Reese. This Letter of Credit is not transferrable. This credit is subject to Uniform Customs and Practices for Documentary Credits (1974 Revision) International Chanber of COlmnerce publication U290 except as expressly provided herein. Very truly yours, THE NORTH FORK BANL<...AND TRUST COMPANY ~~ President . By: Robert J. Anrig, ----<,..,..--~""--,'~'-~- "I' '. " . . HOME OFFICE: LOVE LANE. MATT/TUCK. NEW YORK 11952. (516) 298-836' ~ ~Ol(THCPOl(1( '-:.!!f . BANK &-> 1kUST Co I'larch 30, 1983 aECEJV~ MAR 3 1 iSBa Town CIeri< SauthoId Southold To,1t1 Board Southold, New York 11971 Re: Letter of Credit #M-8303 Performance Bond Ronald Reese Christine Reese Harold Reese, Jr. Gentlemen: We hereby establish our Irrevocable Letter of Credit #M-8303 in your favor and authorize you to draw upon this Bank up to an aggregate amount of Three Hundred Twenty-Five Thousand and NO/IOO ($325,000.00) Dollars. Said monies to the extent necessary to complete the improvements hereinafter set forth and referred to here- in shall be paid upon demand by the Town Board to complete road improvements to the subdivision known as Grandview Estates at 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 245 Love Lane, Mattituck, New York no later than April 1st, 1984. 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 a-nd Practices_ for Documentary Credits (1974 Revision) International Chamber of Commerce Publication #290 exc~pt as expressly provided herein. Very truly yours, THE NORTH/ ':,)RJ( BANK AND TRUST COMPANY t By: Vice President . RJA:pa ~i t. " , "~.. ".;"?:... < 'I_;._\t~"'l '\ ,'7,,;: .\ .. ":,~';:.f,>_' '~./~ ~ .-...:;' ", ' JUDITH T. TERRY TOW;-.: CLERK REGISTRAR OF VITAL STATISTICS ":-:.:::.,~...... Town Hall, 53095 Main Road P,O, Box 728 Southold, New York 11971 TELEPHONE (516) 765-1801 OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD November 3, 1983 Mr. Henry E. Raynor, Jr., Chairman Southold Town Planning Board Southold, New York 11971 Dear Henry: The Southold Town Board at a regular meeting held on November 1, 1983 extended the Letter of Credit in the amount of $325,000.00 posted as a performance bond for roads and improvements in the subdivision known as Gr~ndview Estates at Orient, owned by Harold Reese, from Apri 1, 1983 to April 1, 1985_ - -- Very truly yours, fi-.ft~ Judith T. Terry Southold Town Clerk cc: Harold Reese ^._-~,-- " . ,,~ . JUDITH T. TERRY TOWN CLERK REGISTRAR OF VITAL STATISTtCS . ,r-\L!G 15 198G OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD Town Hall, 53095 Main Road P.O. Box 728 Southold, New York 11971 TELEPHONE (516) 765.IS01 August 15, 1986 Southord Town Planning Board Southold Town Hall Southold,_New York 11971 Gentlemen: The Southold Town Board, at their regular meeting held on August 12, 1986, authorized the reduction of the $100,000.00 performance bond of Harbor Lights, Section IV to $35,000.00, all in accordance with the recommendations of your board, Superintendent of Highways Jacobs and Road Inspector John W. Davis. Very truly yours, ~r-' Judith T. Terry Southold Town Clerk :.............----:- \ \ ,i--_i \ ,:.., . '~O<MT"'I ^ . FOMI<~ I3ANI< . . The North Fork Bank & Trust Co. Subsidiary of North Fork Bankcorporation, Inc. Home Office: Mattituck, New York 11952 October 13, 1987 Southold Town Planning Board Southold Town Hall P.O. Box 728 Southold, New York 11971 Re: Letter of Credit #M-8769 Performance Bond - Harbor Lights Estates Section 4 Harold Reese & Fred Reese Gentlemen: We hereby establish our Irrevocable Letter of Credit #M-8769 in your favor and authorize you to draw upon this Bank up to an aggregate amount of Thirty-five Thousand and NO/100 ($35,000.00) 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 Harbor Lights Estates, Section Four, Town of Southold, 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 October 1st, 1988. 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 and Fred Reese. This Letter of Credit is not transferrable. This credit is subject Documentary Credits (1984 Publication #400, except as to the Uniform Customs Revision), International expressly provided herein. and Practices for Chamber of Commerce By: Senior Vice President ( ,< \ !; \.," Town Hall, 53095 Main Road P.O. Box 728 ~outhold, New York 11971 TELEPIlONE (516) 765.1801 JUDITH T. TERRY TOWN CLERK REGISTRAR OF VITAL STATISTICS OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD August 15, 1986 ~ Southold Town Planning Board Southold Town Hall SoutholdL New York 11971 Gentlemen: The Southold Town Board, at their regular meeting held on August 12, 1986, authorized the reduction of the $100,000.00 performance bond of Harbor Lights, Section IV to $35,000.00, all in accordance with the recommendations of your board, Superintendent of Highways Jacobs and Road Inspector John W. Davis. Very truly yours, ~r-- Judith T. Terry Southold Town Clerk . HOME OFFICE: LOVE LANE, eTlTUCK, NEW YORK 11952. (516) 298.8366 ~ ~Ol(THCPOl(l( \:!!;f BANK &> 1kUST Co 'June 9, 1986 R~~fVEO Southold Town Planning Board Southold, New York 11971 JUN 1 01985 T_ e'~ ~"f""k/ Re: Letter of Credit #M-8645 Performance Bond - Harbor Lights Estates Section 4 Harold Reese & Fred Reese '- .._;. Gentlemen: ue hereby establish our Irrevocable Letter of Credit #M-8645 in your favor and authorize you to draw upon this Bank up to an aggregate amount of One Hundred Thousand and NO/lOa ($100,000.00) 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 complete road improvements to the subdivision known as Harbor Lights Estates, Section Four, TOllfl of Southold, 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, Matti tuck, New York, no later than October 1st, 1987. All drafts drall.n 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 and Fred Reese. This Letter of Credit is not transferrable. This credit is subject to Uniform Customs and Practices for Documentary Credits (1984 Revision) International Chamber of Comncrce Pub! ication #400 except as expressly provided herein. Very truly yours, TIlE NOR ORK BAM< AND TRUST COMPANY r By: Robert J. ~ig, Senior Vice President \ " ~~ #'c,\:-,HUU: ('% N <'. - _~-. "./" ~ PLANNING BQA:RD N ~~_"jL L -- Td"~Q.'.~. ~~.;'..'9.'._'U~~<<?, LD N ,~~-,l~~",. ' ....: t-- p. __;;~ ~,",1. .,~ ~'..',I- . " SiJ'fF,OL~:,C;()U.~TY ~'vJ.'j-':I"-(V ;.. 0-_, . .'~ " ~r:ErVC:' f,UG 7 ,r~- \U."-', I......: Southold. N,Y, 11971 (516) 765-1938 i-n"".... C-i<?rl-:- ~nHt"ai~: August 7, 1986 Mrs. Judith Terry Town Clerk Town Hall Southold, NY 11971 Re: Harbor Lights section IV Dear Mrs. Terry: At a regular Planning Board meeting, held July 14, 1986, it was resolved to recommend to tne Town Board that the letter of credit held for Harbor Lights, section IV be reduced in accordance with the recommendation of Inspector John W. Davis. Enclosed is a copy of Mr. Davis' report, as well as, a copy of correspondence from the Highway Superintendent also recommending such a reduction. Please contact this office if you have any questions. Very truly yours, 3{U~J--cCL {Jt{[J:0XJ lei. fl r d /1--:r BENNETT ORLOWSKI, JR., CHAI~;I SOUTHOLD TOWN PLANNING BOARD By Diane M. Schultze, Secretary enc. r...~...".,'.,_..,:,.""-~,.:...'~-" AUG 4 1986 RAYMOND L. JACOBS Superintendent . . Highway Department Town of Southold Peconic Lane Peconic. N.Y. 11958 Tel. 765-314 .734-521 August 4, 1986 Mr. Bennett Orlowski, Jr., Chairman Southold Town Planning Board Main Road Southold, New York 11971 Re: Harbor Lights - Section IV Dear Mr. Orlowski: I am in full agreement with Mr. John Davis' report no. 516 in reference to the above named subdivision. 7;;~ ~orI , Raymond L. Jacobs Superintendent of Highways RLJ/plm ( ( ( ,r., 'r"~'\ , - ~ - ~ To: Bennett Orlowski, Jr., Chairman Southold Town Planning Board Report No. 5]6 From: John W. Davis Date: June ]8, ]986 Re: Harbor Lights - Section IV - Reduction of Performance Bond The following is based on inspection of work completed as of today and the bond estimate by L. M. Tuthill, dated May 11, 1981. There were some changes in the pavement layout. The paved turnaround was eliminated and a temporary turning area was agreed upon and to be located in Square Rigger Lane. This has not been done. The 11" top course asphalt pavement has not been placed. Estimated cost for top course - 2800 S.Y. at 12 S.Y./ton = 233 tons at say $35/ton = $8155.00. See attached copy of bond estimate for work items completed and not completed. A. B. C. Work done less pavement top course Work not done including pavement top Administrative and increase costs (3 $45,545.00 course $30, ]65.00 yr. period)$24,290.00 (46%) (30%) (24%) Suggested reduction of bond (A+C) - 5% = 65% rfi-~ ~2JoiJaDv~, John W. Davis , , c5(Q"f\ ,\\~\; ~,<,-0' " . ( LAWRENCE M. TUTHILL PROFESSIONAL ENGINEER INLET LANE EXT. GR:EENPCRT. N.Y. 11944 GREENPORT 7-1652 . , May 11, 1981 " ., , Southold Town P,anning Boan:! Main Road Southold, NY 11971 Re: Subdivision entitled "Harbor Lights Estates" Section ]V Gentlemen: My estimate for the bond for the imorovements for the subdivision entitled "Harbor Lif:hts Estates, Sect. IV n is as follows: Land clearing none Rou;;h grading 800 cy @ Ii 3.00(cy Fine gr2.tin;; 900 Lf. @ $ 1.OO(lf' Surfacing 900 LF. @ $ 25.o0(lf Curbs regular 1700 1f @ $ 5.00(lf integral 100 If @ Ii 7.00/1f ",' Catch basins 6 @ S 800.00 ea.............., "" Leaching pools 4 @ ~ 1,600. co ea.- Piping 18nli 500 If @ $ 15.00/lf Headwall 1 Recharge basin Fencing (Corr:mercial) 970 If' @ $ 14.00(lf curbs unier !renee 18n 970 lf @ $ 5.00/1f Monuments 12 @ $ 50.or ea. Si~ns Dead end Earrier 1 Seedi~ t acre @ $ 1,600.00/acre Trees 18 @ $ 50.00 ea. Administrative costs Increase costs over 3 year period $ 2,400.00 I 900.00 ; 22"~ 0'" C' v ,,-:,) 1 ';;ovo.o~__ ..:.. 8,500.00 'Jor' C~'~~.- S' 700.00 , i~:C 4,800.00 " -, ~- 6,400.00 ,2,SOO.00, 0.00 13,580.00 4,850.00 No 600.00 I' 80.00 600.00 800.00 I -900.00 : 5,290.00 I 19'jOOO.oo I $ 100,000.00 ....C'",- ':J'l, V. --t c.L., '\' ::; 3D ':, ? 1espectifully submitted, ~ A ~ ;J;;u0 ~~~ //1./ /.~Iv e-----' HOME OFFICE: LOVE LAN' 'A TTlTUCK, NEW YORK 11952 : (516) 228,8366 , ~ cnz@VORTHPOl(l( \:!!:f BANK &> 1kUST Co June 9, 1986 Rt::;;'~!l::7' JIJ I! 4 (' ,,,"'" \ I... 1 U l;:;;:-q; Southold Town Planning Board Southold, New York 11971 ,"t)Wf'l f',ftP1,.. ~ltI~'l"t1",,: Re: Letter of Credit #M-8645 Perfonnance Bond - Harbor Lights Estates Section 4 Harold Reese & Fred Reese Gent t emen: We hereby establish our Irrevocable Letter of Credit #M-8645 in your favor and authorize you to draw upon this Bank up to an aggregate amount of One Hundred Thousand and NO/IOO ($100,000.00) 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 complete road improvmnents to the subdivision known as Harbor Lights Estates, Section Four, Town of Southold, New York. Funds under this Letter of Credit are available against the Town's draft on us pr'esented at our office at 245 Love Lane, Mattituck, New York, no later than October 1st, 1987. All drafts drml.n hereunder must all also be accompanied by the Town's signed statement certifying that the amount dra~n represents sums due under or in connect ion wi th the Perfonnance Bond of Harold Reese and Fred Reese. This Letter of Credit is not transferrable. This credit is subject to Uniform Customs and Practices for Documentary Credits (1984 Revision) International Chamber of Corrmcrce Pub!ication #400 except as expressly provided herein. Very truly yours, THE NORY. ORK BAM( AND mUST COMPANY r By: Robert J. ~g, Senior Vice President -, . . HOME OFFICE' LOVE LANE. MA TTITUCK, NEW YORK 11952 . (516) 298-8366 ~ ~8VOl(!HC;;POl(l( \:!!:f BANK &> 1kUST Co. -"-.r:C:-:1''/ED BY ~dJjiiuLU W:iN FlANNillG BOARD fEJU 1985 DATE January 1, 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/IOO ($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. I I 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 ~~{~, Robeet J'.J S,"i" Vi" P'''ideot By: OCI :.. ~ ',J84 ....:. 'C",'-{ -,/',) ...., ,'. -~', ,. - -- - - ' ( v ~'-,,/, ~~?'//'-_I/ ,~C-{~I-{-'7L,~~ HOME OFFICE: LOVE L MArTfr~,;.;;. NEW YORK 11952 'SI3! 298-13366 ~ 'Th<:3VOJ(!HPO/{l( \:!!;f BANK &> mUST Co October 1, 1984 Southold Town Board Southold, New York 11971 Re: Letter of Credit #M-8435 Performance Bond Harold Reese & Fred Reese Gentlemen: We hereby establish our Irrevocable Letter of Credit #M-8435 in your favor and authorize you to draw upon this Bank up to an aggregate amount of One Hundred Thousand and NO/100 ($100,000.00) Dollars. Said monies to the extent necessary to complete the improvements hereinafter set forth and referred to herein shail be paid upon demand by the Town Board to complete road improve- ments to the subdivision known as Harbor Lights Estates, Section Four, 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 245 Love Lane, Mattituck, New York, no later than October 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 Harold Reese and Fred Reese. 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, By: NOR?1 FORJ< BANK AND TRUST COMPANY V~~~~ Robert ~~ Senior Vice President THE --- " , . . Southold, N.Y. 11971 (516) 765-1938 October 3, 1984 Mr. Harold Reese Reese Brothers, Inc. 855 Sunrise Highway Lynbrook, NY 11563 Re: Letters of Credit for Harbor Lights IV and Grandview Estates Dear Mr. Reese: Please let this confirm our conversation of today regarding the above mentioned letters of credit. The Planning Board requests that the letter of credit for the major subdivision of Harbor Lights Section IV be extended for a one-year period from October 1, 1984 to October 1, 1985 in the amount of $100,000. The Town Board made a request for an extension on the letter of credit for Grand View Estates on November 3, 1983 for a two- year period from April 1, 1983 to April 1, 1985, and we have nothing in our files that this was complied with. Since you have requested a reduction as you have indicated that improvements have been made in this sUbdivision, we will have our field inspector make an inspection and report on the percentage of work completed to date. The Planning Board can then make a determination on your request for a reduction. If you have any questions, please don't hesitate to contact Our office. Thank you for your attention in this matter. Very truly yours, cc:Lwn Clerk Robert Anrig, BENNETT ORLOWSKI, JR., CHAIRMAN --<>qUTHOLD TOWN PLANNING BO~ ..c)U'Ln..e:::ct 0 r-1o-w"2s1u- ~ By Diane M. Schultze, Sedr tary North Fork Bank and Trust, Co. . . HOME OFFICE: LOVE LANE. MA TTITUCK. NEW YORK 11952 . (5161298-8366 ~ 7qp8VOl(!HPOl{l( \:!!:f BANK &> 1kUST Co October 5, 1983 Southold Town Board Southold, New York 11971 Re: Letter of Credit #M-8330 Performance Bond Harold Reese & Fred Reese Gentlemen: We hereby establish our Irrevocable Letter of Credit #M-8330 in your favor and authorize you to draw upon this Bank up to an aggregate amount of One Hundred Thousand and NO/100 ($100,000.00) Dollars. Said monies to the extent necessary to complete the improvements hereinafter set forth and referred to herein shall-be paid upon demand by ~he Town Board to complete road improve- ments to the subdivision known as Harbor Lights Estates, Section Four, 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 245 Love Lane, Mattituck, New York, no later than October 1st. 1984. 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 and Fred Reese. This Letter of Credit is not transferrable. This credit is subject to Uniform Customs and Practices for Documentary Credits (1974 Revision) International Chamber of COlnmerce Publication #290 except as expressly provided herein. Very truly yours, THE NORTH FORK B~..,AND TRUST COMPANY ,,' L Robert President P.,.,."'"_.',."'_........";""'...~.,^~"'""'.",.,'.'..>..-~,,.,'.""" '-', .. , . . -I ....~, JUDITII 1. TERRY TOWN CLERK REGISTRAR OF VITAL SnnSTICS .., .~~.... :':'~,'--~\ ,,' '("'\f.~'-\ :.~.,::;,) tD ,\: "'.' ~:;,2~'...~.',~:"7, / -:I/~,! 'I' Town Hall, 53095 Main Roal P.O. Box 728 Southold, New York 11971 ";'. ~. . , ,-.::?~,-~...,;..'. TELEPHONE (516) 765-1801 OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD November 3, 1983 Mr. Henry E. Raynor, Jr., Chairman Southold Town Planning Board Southold, New York 11971 Dear Henry: The Southold Town Board at a regular meeting held on November 1, 1983 extended the Letter of Credit in the amount of $325,000.00 posted as a performance bond for roads and improvements in the subdivision known as Grandview Estates at Orient, owned by Harold Reese, from April 1, 1983 to ,April 1, 1985. ~ Very truly yours, fi~r- Judith T. Terry Southold Town Clerk cc: Harold Reese " " HOME OFFICE: LOVE LANE. MATT/TUCK. NEW YORK 11952. (516) 298-8366 ~ ~Ol(fHCPOl(l( \:!!f BANK &-> 1kUST Co ~Ecr:lVEt) MAR 3 1 iS8-1 !'Iarch 30, 1983 T_n Clerlc Southold Southold Town Board Southold, New York 11971 Re: Letter of Credit #M-8303 Performance Bond Ronald Reese Christine Reese Harold Reese, Jr. Gentlemen: We hereby establish our Irrevocable Letter of Credit #M-8303 in your favor and authorize you to draw upon this Bank up to an aggregate amount of Three Hundred Twenty-Five Thousand and NO/lOO ($325,000.00) Dollars. Said monies to the extent necessary to complete the improvements hereinafter set forth and referred to here- in shall be paid upon demand by the Town Board to complete road improvements to the subdivision known as Granclview Estates at 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 245 Love Lane, Mattituck, New York no later than April 1st, 1984. Al~ 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 (1974 Revision) International Chamber of Commerce Publication #290 exc~pt as expressly provided herein. Very truly yours, TilE NORTH/ ']RJ( BANK AND TRUST COMPAI-lY t By: Vice President . RJA:pa '-~ . . JeDlTl1 T. TERRY Tow7\I CU':RJ...: REGISTRAR OF VITAL STATISTICS -i;l!""l1h.~f"I0~ .,ull __ 0 j~uO Town Hall. 53095 ~lain Roar P.O. Box 728 Southold. New York 11971 TELEPHONE (516) 765.ISOI OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD August 15, 1986 Southold Town Planning Board Southold Town Hall Southold ,_New York 11971 Gentlemen: The Southold Town Board, at their regular meeting held on August 12, 1986, authorized the reduction of the $100,000.00 perfot-mance bond of Harbor Lights, Section IV to $35,000.00, all in accordance with the recommendations of your board, Superintendent of Highways Jacobs and Road Inspector John W. Davis. Very truly yours, ~r- Judith T. Terry Southold Town Clerk -~-, \ , . NORTH ^ - FORI<~ BAN 1< . . The North Fork Bank & Trust Co. Subsidiary of North Fork Bankcorporation, Inc, Home Office: Mattituck, New York 11952 October 13, 1987 Southold Town Planning Board Southold Town Hall P.O. Box 728 Southold, New York 11971 Re: Letter of Credit #M-8769 Performance Bond - Harbor Lights Estates Section 4 Harold Reese & Fred Reese Gentlemen: We hereby establish our Irrevocable Letter of Credit #M-8769 in your favor and authorize you to draw upon this Bank up to an aggregate amount of Thirty-five Thousand and NO/100 ($35,000.00) 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 Harbor Lights Estates, Section Four, Town of Southold, 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 October 1st, 1988. 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 and Fred Reese. This Letter of Credit is not transferrable. This credit is subject Documentary Credits (1984 Publication #400, except as to the Uniform Customs Revision), International expressly provided herein. and Practices for Chamber of Commerce TRUST COMPANY By: Senior Vice President ,\ \ ' . . SUBDIVISION BONDS - CURRENT GRANDVIEW ESTATES - Reese, Letter of Credit - $10Ll,500. - expires 1/21/88 HARBOR LIGHTS, SEC. IV - Reese, Letter of Credit - $ 35 ,000. - Expires 10/1/88 HARBOR VIEW - Bayview Ventures, Letter of Credit - $1,150,000. -expires 3/20/88 HILLCREST ESTATES, SEC. I - Reese, Letter of Credit - $329,000. - expires 1/21/88 HOMESTEAD ACRES Rive.rside Homes, Inc., Letter of Credit - $250,000. -exp.2/27/86 automatic renewals HONEYSUCKLE HILLS - Gatz, Performance Bond - $78,000. - 1981 LONG POND ESTATES, SEC. I - Forchelli & Mohring,Perf. Bond -$350,000. 1985 MARCUS, LEON - Minor Sub., Perf. Bond, Water Main - $9,139. - 198L1 MOUNT BEULAH ACRES - Booth, Performance Bond - $20,000. - 1981 PARADISE BY THE BAY - La Morte, Passbook - $106,000. - 1977, 1983 REYDON COURT AT BAYVIEW - Wm. Walters, John Bertani, & Anthony Pagoto, Letter of Credit - $65,000. - expires 7/23/88 RICHMOND SHORES AT PECONIC - R.E.C. Realty & Cummins, Perf. Bond- $125,000. - 1979 SEBASTIANS COVE, SEC. II - Toumanoff, Performance Bond - $125;000.- 198L1 SYLORET ESTATES - Hockman, Perforamnce Bond - $20,000. - 1976 THE BREAKERS AT LANDS END - Greenport Development Corp., Performance Bond in the amount of $100,000. - 1987