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HomeMy WebLinkAboutOrient by the Sea, Sec III . Q r.r- r? co /;; 7'('- ^~~}J::~~f':';L~. _~_:~ 'I' ._, ~.)~ 'd', '. _')""'-' l> .:..~~ .. -:~J":, ~:", ;:.. ~y~E ~.~TO~~S'~K TOWN OR SOUTHO.tD \~\." ''''''> , "';; /fl,~'_::"::/ SUFFPLKCOl,iN'ty ~'-~,?,:;~~i/: ~~. "dO, .' , _ -~-,-::;:<::::-,::-'---- a -~;;CZ :L~" - -' '/.... (\ "7,~ - l:/'<<Lz,7-,.(,\y-- te -,:.,l (( ....:...- · ~ c ~..dL. ktl{~ v't'/{ ny.2 '~/77" - JUDITH T. TERRY TOWN CLERK REGISTRAR OF VITAL STATISTICS TELEPHONE (516) 765-1801 Southold, L I., N. Y. 11971 October 25, 1979 Richard Lark, Esq. Main Road Cutchogue, New York 11935 Dear Mr. Lark: At a regular meeting of the Southold Town Board held on October 23, 1979 a resolution was adopted to release the bond in the amount of $97,750.00 being held for roads and improvements in the subdivision known as "Orient-By-The-Sea, Section III". Said bond is enclosed herewith. Very truly yours, ..tZ AC,~?7 ~~ r' CU-<.IL J. .../~~ Judith T. Terry Town Clerk cc: Planning Board -,.. '~'-"'''~__', __~ "'_'_'W '''_''',<",____.''''''''_,,'_T' "_.,, _ _.","."'_~"",",,"-'~_""'_' ._ ~.. - - Southold, N.Y. 11971 HENRY E. RAYNOR. Jr.. Chairman FREDERICK E. GORDON JAMES WALL BENNETT ORLOWSKI. Jr. GEORGE RITCHIE LATHAM. Jr. TELEPHONK 'l65 -193& October 9. 1979 Southold Town Board Town Hall Southold, New York 11971 Gentlemen: The following action was taken by the Southold Town Planning Board at a special meeting held September 28, 1979. RESOLVED to recommend to the Southold Town Board release of the bond of the subdivision knmm as "O:dent-by-the-Sea. Section III" as recommended by the Planning Board Inspector, John W. Davis, and agreed to by letter from Raymond C. Dean, Supt. of Highways. It is to be noted that a report has been received from the Planning Board Inspector, John W. Davis, with a letter agreeing with same from Raymond C. Dean, Supt. of Highways, regarding the section known as "Orient-by-the-Sea, Section II" stating that all work has been completed. I attach copy of Mr. Davis' report and letter from the Supt. of Highways. Yours truly, Muriel Tolman, Secretary Copy to Richard Lark, Esq. INSPECTION REPORT TO: Raymond C. Dean, Superintendent Town Hi~hway Department Southo1d, New York 11971 . . . . . \ .., NO. 83 DATE: September 19, 1979 FROM: John W. Davis..- .. .'. ,'....... ORIENT-BY-THE-SEA (Section II) RE: ROAD REPAIRS COMMENTS: Road repairs for the above subdivisioa (Section II) were completed by Corrazziai- and Sons on September 12th, 13th, 14th & 17th, 1979. Repairs as follows: In lieu _of scarafying and remixing the badly broken surface areas on Plumb Island Lane, it was thought better to resurface them with a 2" blacktop cap, agreed to by the owner. ApprOXimately 490 L.P. (4 locations) were capped for full width. Also, repaired with blacktop were other small areas on Plumb Island Lane. A new. seal coat with chips was placed on Plumb Island Lane from Ryder Farm Lane to Park View Lane, the extension-of Uhl Lane to Three Waters Lane and on Ryder Farm Lane from Uhl Lane to North Sea Drive. Seal coat rolled with 8 ton roller. Asph<).lt Lengths " " blacktop used on Sept. 12th & 13th sealed, Plum Island Lane 2213 L.F. " Uhl Lane Extension -295 L.F. II Ryder Farm Lane 360 L.F. 2868 L.F. 205 Tons RC-250 (Bit. CutbaCk) Used. 9/13 9/14 9/17 2900 Gal. noo Gal. 450 Gal. 4450 Gal. 4450 -;- (2868 x 4) = 0.38 Gal./S.Y. stone chips used, approximately 170 Tons All road repair work on Section II has been satisfactorily completed, and I recommend release of "the bond for that work. C.C. Southold Town Planning Board C.C. Highway Committee C.C. L. M. Tuthill, P.E. {iD!~ ce ~ n~~ [ffil ~ SEP 1 0 m9 \lliJ SOUTHOLD TOWN HWY. .~ ~cJ)~ I\.. VeoYi INSPECTION REFORT \ ... '10: Henry E. Raynor, Jr., Chairman Southold 'Ibwn Planning Boar~ John W. Davis No. 84 Date: Septenber 24, 1979 _ FROM: RE: ORIENT-BY-'IHF:-SEA., SECTION III COMMEN:I'S : During the recent road repairs on Section II, I noticed that street name signs have not been installed for Section III as follows: 1. Main Road and Ryder Farm Lane. 2. Ryder Farm Road and Parkview Lane. 3. Ryder Farm Road and UbI Lane. 4. Ryder Farm Road and Plunb Island Lane. 5. Uhl Lane and Plunb Island Lane. Street name signs are not in the bond estimate but according to Town requirements, the signs have to be installed. A few small pavement repaiTs have been made on Section III. '!here is minor weed growth at curbs on st>me of pavement in Section III that has occurred since October, 1978 when all such growth was removed. Other than the street signs all work as called for has been c~rnpleted in Section III. cc: CO: CC: CC: R. C. Dean, Supt. Of Highways Southold 'Ibwn Planning Board Highway Comrni ttee L. M. TUthill, P.E. fctr Southold Town > '. .~dcd~. ~i.s4fuat! ~eparhnl?nt '<!rofnn of ~nut1rolli Jecnnic, ~. t- 11958 RAYMOND C. DEAN Superintendent Tel. 765-3140 73.w;211 September 24, 1979 Southold Town Planning Board Main Road Southold, New York 11971 Re: ORIENT-BY-THE-SEA at Orient, Section 2 and 3 Gentlemen: I have inspected the roads and find them in proper order. Z;;:f'~"' 2' C. DEAN Sup't of Highways tWut~~-4-d -.:J/i,- ;:,~, S , D Southold, N.Y. 11971 JmIlIlC~ ~ HENRY E. RAYNOR. Jr., ChIn. FREDERICK E. GORDON JAMES WALL Bennett Orlowski, Jr. TELEPHONE 765-193B July 3, 1979 . Mr. Walter UhI 8243 Jericho Turnpike Woodbury, New York 11797 Dear Mr. Uhl: Section 277 of Town Law states in part. "Such performance bond shall run for a term to be fixed by the planning board, but in no case for a longer term than three years, provided, however, that the term of such performance bond may be extended by the planning board with consent of the parties thereto." The time has expired with regard to your subdivision and as a result your bond is in jeopardy of default with the Town of Southold. Please advise the Town Clerk and the Planning Board of your disposition of this problem. Yours truly, HENRY E. RAYNOR, JR., CHAIRMAN SOUTHOLD TOvm PLANNING BOARD HER/mb Copies to Judith T. Terry, To\Vil Clerk ~ Robert Tasker, Town Attorney JBamde? F. cHoman. Der~ty Super;risor .d ;;> j' 5-- k :? on lUg ompany ./).' ':/'" "..i.--<- ( (C- "'. , ~, _:-;{~:rr0;~-;;;~~~ ~(" r. )' . C~,.:.. '\:;:. " ',', ~ ---,'/ '. ...::. OFFICE OF TOWN-' CLERK 8 ::~.::' .\ ::=: ?, TOWN OF SmTfHOL!) \.\:", . ',/ ...".. ,:. 'sliFFOLK coi.JNt~ ~<~-." -' , " '-c.~" ~ ~": _. ,~_;:f?"'- ~a7'.~(;/> . -- ~ ... - II. I...e., ,d:.-rfi.d/ .t2UMZt:1y~~,~.3 JUDITH T. TERRY TOWN Q.ERK REG1STRAR OF VITAL STATiSTICS TELEPHONE (516) 765-1801 Southold, L. I., N. Y. 11971 December 28, 1978 Richard F. Lark, Esq. Main Road, P. O. Box 973 Cutchogue, New York 11935 Dear Mr. Lark: At a regular meeting of the Southold Town Board held on December 26, 1978 a resolution was adopted to release the performance bond being held by the Town of Southold to insure completion of roads and improvements in the subdivision known as Orient-By-The-Sea, Section III in the amount of $97,750.00, upon the posting of a performance bond in the amount of $20,000.00 to insure the repair of Plum Island Lane in Section II of Orient-By- The-Sea. Very truly yours, ~L~~ Judith T. Terry Town Clerk ","".i. .m,_~__~_k_~_ _, . _.."",- " _ -.::,--.'<~O"',".___, '--.,": ''':_~;;'-c:';'.,:::-:;;.=-.,~"""!''";'-,---,,,_ --"""';""~,~_,Jri;;____._ ,- -(. - /~: " RICHARD F. LARK ATTORNEY AT LAW MAIN ROAD. P. O. SOX 973 CUTCHOGUE, NEW YORl( 1193' TaLI:..HONI: ~ 16 734.ea07 November 30, 1978 Robert W. Tasker, Esq. 425 z,1ain Street Greenport, New York 11944 Re: Walter ChI - Orient By The Sea Section III Subdivision Dear Mr. Tasker: Pursuant to our telephone conversation in connection with the above captioned matter, I am enclosing the following:. (I) Copy of letter dated May 8, 1974, from Edward J. Bage to the Southold Town Planning Board recommending a Performance Bond for Orient By The Sea, Section III in the amount of $97,750.00. (2) Copy of the Southold Town Board resolution of September 10, 1974, approving a Performance Bond for Orient By The Sea, Section . III in the ~~6unt of $97,750.00. (3) Copy of letter dated October 27, 1978, from the Town Clerk to Mr. Uhl. (4) Copy of Inspection Report of John W. Davis dated October 18, 1978, for Orient By The Sea, Sections II and III. The report states that the work has been completed with the exception of 1000 feet on Plum Island Lane which requires repairs and resurfacing. (5) Copy of proposal of Paul Corazzini & Sons, Inc. dated Sept- ember 12, 1978, with the acceptance of Walter Uhl dated October 30, 1978. The proposal states the cost of $10,800.00 to repair the needed area on Plum Island Lane. As you know from our previous conversation, it is my position that Plum Island Lane is not part of Orient By The Sea, Section III subdi- vision, rather it is in Section II. Therefore all of the improvements that are required under the Performance Bond for Section III have been completed. -From my review of the file it appears that a Performance Bond for Section II was never required. I have discussed this matter in detail with Mr. Walter Uhl, one of the principals of Woodhollow Proper- ties, Inc. ~I. Uhl is willing to have his company post a~o,ooo.oo .~ ',.-~".",""";';:'::;"'-"'-'-_." ,';""',,;~:-.::,' ';:-'-'.' ,. ,. .. " Robert w. Tasker, Esq. -2- November 30, 1978 Performance Bond to the Town of Southold to insure that the repair of Plum Island Lane which is in Section II will be completed. This, of course, is done on the premise that the Board will release the existing Performance Bond for Section III inasmuch as the work in that Section has been satisfactorily completed. I would appreciate your bringing this matter to the Town Board's attention and if this proposal is acceptable, allow Mr. uhl to furnish the Town Board a Performance Bond in the amount of $20,000.00 covering the repair of plum Island Lane. Awaiting your reply, I am RFL: ad Enclosures cc: Mr. Walter Uhl Very truly yours, ~ f-.M(bJ) Richard F. Lark "....-. ,_.._..~':;""'--";;.:;'.......-~-,;",_. ( ( EDWARD ..1. SAGE PROFESSION~L. ENCINeER . Post Office Box 972 . South old. New York 11971 516-765-1681 May 8, 1974 Ltr. #122 RE:: Orient-8y-The-Sea Section I I I Southold TeLln Planning Board Main Road Southold, New York 11971 Gentlemen: The Bond Estimate for the drainage and roads in Orient-8y-The-Sea Section III is: Land Clearing . Rough Grading (already accomplished) Fine Grading 4,500 If @ $ .50/1f Surfacing 4.500 If @ :$5.00/lf Curbs: Normal 6.400 1f @ S3.00/lf Integral 270 If @ $5.00/1f Recharge Basins: Excavation 6.700 cy @ 11.00 Head wall. apron, and baffle 2 ~ S500 Fencing 1.055 If @ $6.00/1f Catch Basins 12 @$500 Leaching Basins 10 @ i1,OOO Pipe-IS" diameter 180 1f @ 55.00/lf Seeding 2 acres @ $1,000 acre Administrative Costs (4%) Increased costs over 3 years (15%) None None $ 2,250 2?000 18,200 1,350 6,700 1,000 6,330 6,000 10,000 900 2,000 . 3,270 12,750 $97.750 RECEiVED BY TOWN OF c.r....'iHC'1 D to- _.' ..' .' J. . ..... ~ .-~... .;-J / s/ '7.:!.-' , - '. l...rl:.. :'_'.J .... - -- .. _.-.'.-.1":' ~ . 1.._..1 .'_ -~.~t...~.. ~ ..,......c.. .--.<;.- ..'---'- -.. .---- ~=/__.. I 'J -,.~-r L",,-,,--aJ_ Respectfully submitted, ~. c: i~. .. / C\. CL;' Cd:t~.- }~ta5 Edward J. 8aga, P.~.(}' - .""~""~.'--=- ..,--~....-,_..._---_. ----- OfFICI' OF TOWN CI.EKK Jl:DITfI T. H.RRY TOWN CLERK REGISTRAR OF VITAL STATISTICS TOWN OF SOlffHOLU SUFfOLK COUNTY rELEPIlONI:: (516) 765-1801 Suuthold, L.1.. N. Y. I I <n I October 27, 1978 ~tr. Walt-or Uhl Wbodhollow Properties, Inc 8243 Jericho Turnpike WOodbury, New York 11797 Dear Mr. Uhl: The Southold Town Board is in receipt of your letter of October 13, 1978 requesting the reduction of your per- formance bond to $10,800.00 for the completion of Ry~er Farm Lane. It is the policy of the Board not to release a performance bond until the entire project has been completed. Very truly yonrs, / . /~./ .~~,:t:"r.{. __r':"/.~i;y.- Judi th T. Terry Town Clerk .~ . ___.___ ____. _0. .._.__. ._"_.. ...__.______.__. _.._____.__.__; .,.. INSPECTION REjQI{'f No. 20 '. 10: ~~ond C. Dca~S~cr1ntcndcn~ 10'.m Ht~I1"'ay Departmcnt Southold, New York DATE: CctoDer l~, l~( FROH: John w. Vans RE: UIiI~N'I:"'l:lY-'lI1.1:i.-SEA..:..~ec tions t! and 3 COI'J{t.N1S: ..'.. . Roads' " . -.".:. . Pavelllents, wi ill' exception or Plumb Island Lme, are acceptable. ~~inor paVal'lent repairs . have b""mcompleted. ,. Plume Island Lane requires extensive repairs' fran Ryder Farm Lane east.erly f?r about 1000 L.F. (See report Uo.'13). '!he owner, :-lr. ,Talt.er Uhl is in agreement. with this repair and has. an estimate for' the work. but due to approaching cold loleather and his contractor~s.'work schedule, it ~l, have to be deferred until next year. . ileed growth at cllrb faces has been taken care of' with exception of PlUJr.b Island '~ne (no curbs - ..; ~an be done with repair work). Curbs have been repaired. Catch basins are i~ working order. . '. . Recharge bas~n f~ncing ~s in place and accep~~d.. Top areas inside fEnce are seeded. Discharge.pipe int;o R.B.'s with Jarge gravel at the end sections appeil.rs to be effective. atter recent rain storms.. Asphalt gut.ters to bo'.tolll of R.B. 's f'rc,rn end sect.{onsnot necessary. .-0, . . Shoulders behind curbs have st.and" of grass and some' weed growti:J.. . C. C. Southold Planning Board /. C. C'. Highway Co=i.tt.ee . C. C. L. M. TUthill. P,E. .. eJdY '2? ~a4~ ~ RECEIVED OCT 20 1978 Iy SOUTHOlO TOW1'j MICH't'lA.Y Dc?~~r.M~'JT ,__-'--'-_ "O""_~""____. --- ~~ '''-':::;'~"'~'''''~'''''~'-~''~'-"-"'''----~''-- . 1\ 1..::~~'" ~'-;..- , .'!.'" - ~:".-- ..~ ,. p'roposul PAUL CORAZZINJ & SONS JNC: Asphalt Paving 235 6th Avenue Greenport NY 11944 Phone 477.1027 477.0765 Page No. 'of ~ .'. .~ '," .) .J.. ..... " . . , '. .... .. . aaa.nro TO ~oodho11owrrone~tie~ Inc. PttQN( DATE :';'1ntembel' 12, 1 }; . 8243' J~richo Turnnike (. .......~Tl """ Z... COOl ... ..tfoOdbury, II. '1.11797 AACHaU.cr JOB NAME ,'J'lent by j;!,c ]~a JOB LC -;AflON ... .. .J. ~ ... DA U: OF PLANS , ,. J08 PhONt: ~.Mret"uDmil ~ptCificallons and estimate-50 for: . .~;.. .. .:-: '. JP -... . J ~. ~ " -.'. ,...... . ". . Broken areas repaircd and - .... .- J,r:;'or t~resurfacL"g. Re.,o.lr an:i resurfn.cc cxi,'ti lP; :..'oncls ::-..t " '" Orient by the .3ea Area n~prox. ~,8~OtX'36t resurfaced "Ii th 1inuid <ls',lhnlt ~:'1[1. blue:1t: ne .t . , . .. . . , ~'''''.:r'' R~sur1"a:ce,entire arca i'Ii tit liquid ;l.splml t ....:......... - .3O'.g~11o:ris p.er Sfluare y:crd, Coverl'd ~.ith ... -;" .rol:If?d. .....:. .: ..: '-a. '--- , gr:lde jiRe. 250 at the 3/8" b1uestone chips .' J:'::!.te 01" and pO'.,rer -,'\1- ~_-~ .~. ...._,. .. . , ..... . : ..:. ."'o~to be done as' early In the sprIng as weathar permIts. " -"', . '!~' ~..-- . .:. ~- . ';. '. - '".- ..... -.. ~':".,;. :. ~ ':';;'~~"i';;'9'."~ o!':;"'. , .- . ~ . , "...-;-. -~ -' . . a' ". . ..~.: '. "-'- .-:~_.. ":.' ":".... .'1';" '.. .,...., .~;: . ii,. ~~",~".,~":..:~.... '-. -. -I . -'. . ..- ,. ~ ~ - r- ,.' ~'- . !-. '_- .9. ~\.-.": -', 4' ,. '. -' -......- .' ,= . ~..~ . .J!11 JrDpQU hereby to furnish mat.rial and labor - complete .n accordance with above specifications. lor the sum ..,:.;.: ,. ~. . ~ Ten thousand cif.l'ht hunrl.rcd---___ ------..:-----.-_________ d II ($ i"l 000 00 ; --- -._ 0 ..us . . PapI";MII to t:. nyd, n follows: .', to' 'be aid as work ro resses. ....Dollars on.2l9nlng..of.aQreement and the balanc ....~ ~.. 1lMt........ to' b.8 .s "pecl"~d_ All '0lIII'O'" fa b. camplf'r~d '" a ....orl.."..nlll..e -;=-n,r ~_ to ...ufld&(d ~'actic... An)' alt.rat,un 0' d.,...t,gn 'rom .bow. :specll.c" ~ lft~iIra &'IoU ~ .,&1 be ..ec:ioolttd only "POll "',,".,, o,ete,s, .nd w,ll bt-c;ome "n \ ~ cf)arCw OW'W .nd "'__I~ ~stlrnoil'.. All "1'''l:frlC'nl:s COrlll".e"1 upon ~I"".~, .ICI,;,tt~"~S "CIJ,.~ ~ -, _1101_ 0...., 10 c.'t}' flrC', 10'",,",,0 .nd all'le, necessoIl)' tn~u',''':e. . ~ ~.,. ""'" C~.. b)' Worltrne..'s Cgmpenu,hon lnsu',ince. .. . - . AulhO"'<d'--I2_l /?"':~J~"~<"" Slgnatur(' -.L-c-. V Note: ThiS P'OPOS.II m.l)' be- '- wlthdrdwn bv us " not .lC'l'ph'd ~"'ltlln I. ~!~~?::l'l.t!~~.e~:~.~.-;:-.T::r:~:; P':~~~'~~~.C.'~~~~'~~~ S'lPn...'...... ,k~L' tj'~'~ ~~/p " ~ ---~ ".," -', ;' . REPUBLIC INSURANCE COMPANY 129 FULTON STREET NEW YORK, NEW YORK 10036 BON D KNOW ALL MEN BY THESE PRESENTS, That We, WOODHOLLOW PROPERTIES INC of 8243 Jericho Turnpike, New York a.s principal and WALTER UHL AND THOMAS E. UHL AS co-principals and REPUBLIC INSURANCE COMPANY a. Texas corporation authorized to do business in the State of New York a.s Surety are held and firmly bound unto the TOWN OF SOUTHOLD, Suffolk County, New York as Obligee in the sum of NINETY SEVEN THOUSAND SEVEN HUNDRED FIFTY AND 00/100 ($97,750.00) DOLLARS, lawful money of the united States for the pavment whereof to the Obligee, the prinapal andSurety bind themselves, their heirs, executors administrators, successors and assigns jointly and severally firmly by these presents. SIGNED, SEALED AND DATED THIS 27th day of september 1974. WHEREAS, the above named Principal has agreed to comply with the terms regulations and conditions of the Town of Southold in connection with the completion of roads and other improvements in "Orient point, By the Sea Se~. #3, situated in the Town of southol~, Suffolk County, New York and in connection tllerewith the Obligee desires this bond to be given : WHEREAS, THE co-Principals have a beneficial interest in said project: NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the principal shall, in connection with the installation of roa.ds and improvemen in Orient Point By the Sea Section #3, within one (1) Year from the date hereof, complete said improvements to be in accordance with the construction specificati of the Town of Southold , all in accordance with the plot plan approved by the Southold Town Planning Board and to the satisfaction of the Town of Southole then this obligation to be void: otherwise to remain in full force and effect. WOODHOLL~S INC., BY:/U- . ~ BY: .i"t: Thomas J. an, Attorney-i act x BOND #913568 \ , '.', \04 _._._--..r--,.....~-..._-- - ~.__.__._.--- ~ - . : ,~ ACKNOWLEDGMENTS COPARTNERSHIP STATE OF } ss: COUNTY OF On this sonally appeared be one of the firm of day of 19 . before me per~ to me known and known to me to described in and who executed the foregoing instrument and he thereupon acknowledged to me that he executed the same as and for the act and deed of said firm. CORPORATE STATE OF N'J COUNTY OF /VII Jj" J }SS: On this 'f day of <?vr" sonally appeared \.1I,f[ /(;/1 vI, L first duly sworn, did depose and soy that he resides in he is the ,11J.s of 19~'" , before me per- to me- known, who, being by me ; that v';;>l)'//'..//4-J /f!1.../~ ru' I , t~<- the corporation described in and which executed the foregoing instrument; that he knows the corporate seal of said corporation; that the corporate seal affixed to said instrument is such corporate seal; that it was 50 affixed by order and authority of the Baard af Directors of said corporation, and that he signed his name thereta by like arder and authority. a~~~ INDIVIDUAL ROBERT SMiTH t-.lotary Public. Slate of New York 1'10. 52.3742570 QlItllil;ed in 5\l;io;k C"unfy _ Commission Expires March 30, 19 .1~.... STATE OF N 7 COUNTY OF foJll rf/' lJ }SS: On this .tI day of uh I.. I'7C' V- A",,&! /t..t1A~ 19 77' , before me per. sonally appeared /.V- L 'Crt V/'L , to me known and known to me to be the individual described in and who executed the foregoing instrument and --r2."1 - acknawledged to me that 11.? executed the same. tfi} ~ FO RM E_28 "RO'aEtiT $';/lfTH NOf..-y Pubtf~, ;::JJ.k C"f -.J<)W York: No. 52-3742570 Q'~lf:llifjed in '::'1,.droJ. ~_"!l11ty Commissiun Expires March 30, 191(.... f ;-;"'''~,'''~-''-~''-'-' r-","'.t~?:"7 -"'1".": -.",,~l"'~~-~;L'''~V~'~,'i'F;'; -, . . . , REPUBLIC INSURANCE COMPANY Eastern Department: 129 FULTON STREET, NEW YORK, N.Y. 10038 FIN A N C I A L S TAT E MEN T DEe E M B E R 31, 1973 ,~<:f ,.~ .so=, .,~ ,'/' ,j.).1 ASSETS 1973 LIABILITIES, RESERVES AND CAPITAL FUNDS ?'" Cash .............................................. 1,182,055 Bond:.. at mortized cost (Schedule I): United States Government ......................... 5,997,339 Other bonds ....... ....... ...... ............. ....53,615,660 Commercial notes. . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . 800.000 1.otalBonds ................................... 60,412,999 Investments in stocks other than stocks of affiliates (Schedule II): t Preferred stocks. at market. .................. .'... i2,983,819 Common stocks. at market. ...................... 29.540.560 Savings and loan association shares. ateosl....................................... 339,000 Total stocks............................... 42,863,319 Investments in stocks of affiliates at under. lying book value {Schedule II). ...................... 34,667,866 Agents' balances and reinsurance balances - net . . . . . . . . Premium notes. less unearned interest ................. Re41 estate. at cost less accumulated depreciation of576,172 ..................................... 30,71 0,20 I 10,666,131 Other assets .............-......................... 1,493,613 1,424,648 Receivable from affiliates......... ................... 3,033.968 186,454,860 Liabilities: Reserveforlosses................................ . Reserve for loss adjustment expenses. . . . . . . . . . . _ . . . . . Unearned premium reserve (Schedule VII). . . . . ... . ... Taxes. other than Federal income taxes. . . . . . ... . . . . . Dividends payable to shareholders. . . . . . . . . . .. . . . . . . Otherliabilittes .................................. Payable to affiliates ............................. ... Federal income tax ............................... 26,658,247 3,654,156 94,359,893 988,800 800,000 6,908.017 o 934,178 Statutory reserves: Excess of statutory reserves over loss and 544 loss expense reserves. .................... -.. -... Reinsurance in companies not licensed 326 in Texas...................................... Total Uabilities.............................. .134,304,161 Capital shares and surplus: Capital shares: Preferred stock. 5100 par value per share. Authorized 2OO,()(X) shares. issued 150,OOOshares ............................... 12.000,000 Common stock. 5S par value per share. Authorized 200.000 shares. ISSUed Authorized 2.000.000 shares. issued 1.000.000 shares. ....... _............ _........ Paid-in surplus ........._...................... Retained earnings ................. _.............. Excess (deficiency) of market value. of stocks over cost. other than stocks of affiliates................................. . Excess of underlying book value of stocks . ofaffiliatcsovercost .......................... Total capital shares and surplus. . . . . . . . . . . . . . . 5,000,000 977,572 20,796,005 6.283,921 7,093,201 52,150,699 186,454,860 Note: AU securities are carried in accordance with the requirements of the National Association of Insurance Commissioners as follows: eligible bonds at amortized values; stocks of associated insurance companies at pro rata share of capital and surplus: aU other securities at quotations prescribed by the Association. BE IT REMEMBERED. that at a regular meeting of the Board of Directon of Repu~lic Insurance Company. duly called and held at the office of the Company in the aty of Dallas. Texas. on the 28th day of'February. 1967. a quorum being present, the following By.Laws was duly adopted to become effective February 28, 1967: ARTICLE XI- APPOINTMENT OF ATTORNEYS-IN.FACT Appointment of Attorney-in.Fact. The 'President. or any executive Vice President. may from time to time. appoint by written certificates attorneys-in.fact to act in behalf of the Company in the execution of policies of insurance. bonds. undertakings. and other obligatory instruments of like nature. Such attorney-in-fact. subject to tbe limitations set forth in their respective certificates of authority shall have full p'ower to bind the Company by their signature and execution of any such instruments aud t9 attach the seal of the Company thereto. The President.' or any Executiye Vice President. or the Board of Directors, may at any time revoke' all I?ower and authority..greviously given to any attorney-in-fact. STATE OF NEW YORK COUNTY OF NEW YORK } os. George J McGovern ,beingdulyswom, deposes and says: lam Attorney-in-Fact of the Republic Insurance Company, I have compared the foregoing By-Law with the original thereof. as recorded in the Minute Book of the said Company. and do hereby certify that the same is a correct and true transcript therefrom and ,of the whole Article XI. of said original By. Law arid tb'at the same is now in full force and effect. Pursuant to said By-Law, Geo~ge 1. McGovern. Thomas J. Keenan. J,mes N. Heiskell, Ralph L Price, and Marlin F_ Perry were duly appointed Attomeys-in-Factofthis Company without limitation as to amount of bond executed and that said appointment is now in effect. The above is a true statement of~he.assets and liabilities of"said Company at the close of business December 31.1973 taken from the books and records of said Company and is prepared in accordance with the statements on file with the. Insurance Department of the State of New York. The Superintendent of Insurance of the State of New York has. pursuant to Section 327 of the New York Insurance Law (Chapter 882 of the Laws of 1939 of the State of New York. C9nstituting Chapter 28 of the Consolidated Laws of. the State of New York, as amended) ISSUed to the RepubliC' Insurance Company his certificate that said Company is qualified to become and be acce as suret 0 arantor on all bonds, undertakings and other obligations or guarantees. as provided in the Insurance Law of the State of New rk and all aws amenda . thereof and supplementary thereto; and that such certificate bas not been revoked. 27th Thomas J. Keenan Massapequa Park, New York and say that he resiaes in that he is an attorney-in-fact ofthe Republic Insurance Company. the corporation described in. and which executed. the foregoing instrument; that he knows tbe corporate seal of s' corporation; that the seal a cd to the fore~oing instrument is such corporate seal; that it was affixed thereto by the order of tne Board of rs of said corporati a at he signed hiS name thereto. as attorney.in.fact. by like order and authority. day of STAT OF NEW YORK SS. COUNTY OF NEW YORK On this day of R5--109 (4-13) p.r,.j ,", '. J:\ E~: .'0'" ,~, . u' '_,oj,': . +-,,~,- c. :'~'.N,; Yorl{ 1-" :.~.~ -;';- ......., ~,.,._- "0.24-2:;23250 Qualified in Kings County Commission expires March 30,1975 September . 19 74 . before me personally to me known. who being. by me duly sworn. did depose ATRiC!.'\ A. JAMES Notary Public _ryPublic,Stat~ ofNs'NVO:"~\ 1"0.24.-'922250 ('to' 0 ir ".r:", '.", L.... ~,_Il..<<~. ...:)75 ~---.!-