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Home My WebLink AboutParadise by the Bay (3) -- - - - -----..------- ""'.A::A:::ISE BY THE BAY" - Passbooks I'1!fetL5ed 7k;/n I , .' . o JUDITH T. TERRY T OWN CLERK REGISTRAR OF VITA L STATISTICS TELEPHONE (516) 765-1801 July 5, 1977 . . ." Ridgewood Savings Bank P. O. Box 250 Franklin Square, New York 11010 , , Gentlemen: A resolution was adopted by the Southold Town Board at a regular meeting held on Tuesday, July 5, 1977 releasing the account of Roger J. Rath and John E. Rath on Book No. 5-23992 in the amount of $53,000.00 to the Ridgewood Savings Bank, Franklin Square office. Very truly yours, ~dd~~ Judith T. Terry Town Clerk ~, , Received Pass Book No. 5-23992 in the names of Roger J. Rath and John E. Rath in the amount of $53,000.00, Ridgewood Savings Bank, Franklin Square office. ~AM~ oge J .' Rath .---",--_. ---~~-- .. -'~-~------- " . II . BOND . ' KNOW ALL MEN BY THESE PRESENTS, that JOHN E. RATH, residing at 1095 Tulip Avenue, Post Office Box 250, Franklin Square, New York 11010, his heirs, executors, administrators, successors and assignsi' hereinafter called the "Principal" is hereby held and firmly bound unto the TOWN OF SOUTHOLD, a New York municipal corporation, having its principal place of business at 16 South Street, Greenport, New York 11944, hereinafter called "Obligee," WHEREAS, the "Principal" is the owner of a certain plot, piece and parcel of real property located in the Town of Southold, County of Suffolk, State of New York, and wishes pursuant to New York Town Law 8277 to file a final subdivision plat, to be known as "Paradise by the Bay," in the Suffolk County Clerk's Office, and imp~~ve same in accordance with the applicable provisions of the Town of Southold Zoning Regulations, Subdivision Regulations, and Highway Specifi- cations in effect on September 14, 1976, except where waived, NOW THEREFOR IT IS AGREED; FIRST BOND. The "Principal" is hereby held and firmly bound unto the "Obligee" in the sum of FIFTY-THREE-THOUSAND ($53,000.00) DOLLARS, lawful money of the United States of America. SECOND SECURITY. As security for this Bond, the "Principal" is posting with the "Obligee" a Savings Bank Passbook #5-23992 from the Ridgewood Savings Bank, 1010 I I ,I II 1 II ... .'- Hempstead Turnpike, Franklin Square, New York 11010, in the names of John E. Rath and Roger J. Rath, having on deposit an amount in excess of the FIFTY-THREE-THOUSAND ($53,000.00) DOLAARS fixed by this Bond, together with an executed with- drawal slip to the order of the Town of Southold signed by the owners of said Passbook. THIRD CONDITION OF BOND. The condition of this obligation is such that if the "Principal" shall complete the installation of all improvements shown on the final subdivision plat of Paradise by the Bay and all items shown on the "ObiUgee's" engineer report dated October 6, 1976, within THREE [3] YEARS from the date hereof, in accord- ance with the applicable provisions of the Town of Southold Zoning Regulations, Subdivision Regulations, and Highway Specifications in force and effect on September 14, 1976, except where waived, and in accordance with the final subdivision plat of Paradise by the Bay approved by the Town of Southold Planning Board, and to the satisfaction of the "Obligee," then this obligation shall become void, otherwise to remain in full force and ef~ect. FOURTH EXTENSION. The "Phililcipal"s" time to complete the subject improvements may be extended in excess of THREE [3] YEARS upon application of the "Principal" and the I consent of the "Obligee" and the Town of Southold Plannmng I ,I Board, which said consent shall not be unreasonably withheld. FIFTH SUBSTITUTION. Upon application 2 II '. ., . ,- .. j, . . of the "Principal" and consent of the "Obligee," not to be unreasonably withh.~d, substitution of this Bond and/or security may be made as follows: (a) Savings Bank Passbook #5-23992 from the Ridgewood Savings Bank, 1010 Hempstead Turnpike, Franklin Square, New York 11010, may be withdrawn and be replaced by a savings bank passbook on any other commercial lending instmtution or savings instmtution having I having at least a deposit of FIFTY-THREE-THOUSAND [$53,000.00] i II DOLLARS together with a blank withdrawal slip to the order of Ii the Town of Souuhold signed by the owners of said passbook, I I (b) this Bond may be withdrawn and replaced by an identical bond#without security#to be posted by a bonding or surety company approved by the "Obligee"l and/or (c) this Bond may be withdrawn and be replaced by an identical Bond to be posted by any future owner of the subdivision plat of Paradise by the Bay together with security. Signed, sealed and dated this z." day of October, 1976. ('I) ~:'-Ab.~/k1~ 'J pr~nc~pal BY , APPROVED sor Obligee 3 . ,- ~ GEORGE C. STANKEVICH ATTORNEY AT LAW MAIN ROAD SOUTHOLD, N. Y. 11971 (516) 765.3838 WEST NECK ROAD SHELTER lSLAND, N. Y 11954 (SI6) 749-1328 October 19, 1976 i Mr. Eugene P. Murphy Ridgewood Savings Bank 1010 Hempstead Turnpike Franklin Square, New York 11010 Re: Account #5-23992 Mr. John E. Rath Mr. Roger J. Rath Dear Mr. !-Iurphy: Please be advised that I represent Mr. John E. Rath and Mr. Roger J. Rath, who have Account #5-23992 with your institution having a present balance of $53,858.42, the passbook for which, together with a blank withdr~va1 slip to the order of the Town of Southo1d, has been posted \vith said municipality pur- suant to my enclosed October 19, 1976 letter in lieu of a subdivision performance bond. You are herehy instructed to hlock said account to all others except the Town of Southold until you have received a written release from said municipality. Thank YOll for your cooperation regardinrr this matter. . Stankevich .,,~o fr~ Rat. APP:C:~ :? ~~ Rath GCS:1fk Enclosure ce: Town of Southold """"" ~ LAWRENCE M. TUTHILL PROFESSIONAL ENGINEER INLET LA.NE EXT. GHEEN PORT, N.Y. 11944 GREENPORT 7~1652 Octeber 6, 1976 Southol. To.n Faannin: Boana !:3in Street Scut".oB, NY 11971 Ie: Sub~iviad.on tr Para~ise en th~ P,ay, SC'uthold" Gentlemen: l~y estimA.te for the rDais and drainClte of the sl~bjivi8ic:n tI "'.?r:,3jse nn th?- ~ay, S0uthrldtr :is alll fc,llov.,'s: Lar.!. :Cle8 rin: ~cW:h Gr2.jin[ Il\G cy C' !\ 2.0Cjcy For.c. ucdin::: 1,800 If t, :" .50jlf Su:ri'acir:~ 1,8()O If ,-; ;,_1 lO.OO/lf Lei'ch:n:; p~,l. 6 c ~,' 1,400.00 ea. Fi~e 1[" 0 150 If :c .:',12.Go!lf Saml s1.ales 5,00c,cy e :; 2. rrl cy Si~DS-3 ~treet, 2 iitop & 1 dea;i cni e:-: :j; 1,rc;:urt~nts 2(" ~,i ;~; 25 J'O ~a ~ Aimjn.2strative co~tf. Jlicr:~:::;;.:~ cr-st::::; c.re!' 3 yeEr psrioa !t. 2,000.00 6(10.00 SlOO .00 18 ,C,[:O. 00 f~ ,4ro.oo 1, B\:o. 00 10,00.00 60.01" ea. Y:'0.01 5"'c.Or 3,2!O.OC' 7,0(0.00 i'f 53,ono.oo 0~srectifu11y Rubmitteo, .,. ...c_ . .~ .. . ", GEORGE C. STANKEVICH ~ ATTORNEY AT LAW MAlN ROAD SOUTHOLD. :U. T. 11971 (516) 765.3838 WEST NECX ROAD SHELTER ISLAND, N. Y. 11984 (516) 749.1328 October 19, 1976 Hon. Albert M. Martocchia Southold Town Supervisor 16 South Street Greenport, New York 11944 Re: Paradise by the Bay Dear Mr. Martocchia: On October 12, 1976 pursuant to New York Town Law 1277, the Southold Town Board approved the Bond amount on the above entitled subdivision as $53,000.00 as recommended by the Southold Town Planning Board pursuant to Code of the Town of Southold iAl06-23; and pursuant thereto, I enclose herewith: (a) Bond. (b) Savings Bank Passbook #5-23992 from the Ridgewood Savings Bank, 1010 Hempstead Turnpike, Franklin Square, New York 11010, in the names of John E. Rath and Roger J. Rath, having an amount in excess of the $53,000.00 fixed as Bond. (c) blank withdrawal slip to the order of the Town of Southold signed by the owners of the passbook. (d) copy of my letter dated October 19, 1976 to the Ridgewood Savings Bank instructing them to block said account to all others except the Town of Southold. (e) a $2,120.00 check for the inspec- tion fees on the above subdivision. At your earliest convenience please return approved copies of the Bond and this letter and have the Southold Town Board instruct the Southold Town Planning .L ~ . " . . HOIl. Albert M. Martocchia Re: Paradise by the Bay October 19, 1976 Page 2 Board that the above documents have been received and are ac'~eptable . Thank you for your cooperation regarding this matter. Sincerely yours, ~ George C. Stankevich GCS:lfk Enl~losures APPROVED BY THE TOWN OF SOUTHOLD BY ALBERT M. MARTOCCHIA, Supervisor , . I . '. RECEIPT PARADISE BY THE BAY I hereby acknowledge receipt this date from George C. Stankevich, Esq., Attorney for Mr. John E. Rath, the following documents: (a) Improvement Bond, , , (b) Savings Bank Passbook #5-23992 from Ridgewood Savings Bank, (c) blank withdrawal slip, (d) check #464 in the amount of $2,120.00, (e) October 19, 1976 letter from George C. Stankevich, Esq. to Hon. Albert M. Martocchia, Southo1d Town Supervisor, (f) October 19, 1976 letter from George C. Stankevich, Esq. to Mr. Eugene P. Murphy, Ridgewood Savings Bank. Dated: October 26, 1976. a~~s~~/~ RECEIVED BY HE TOWN OF SOUTHOLD