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Home My WebLink AboutPebble Beach Farms ..- "PEBBLE BEACH FARMS" - SUB. BOND. - 3/11/80 RECEIVED FIB 26 1980 ) ~ " COUNCILMEN Henry W. Drum John J. Nickles Lawrence Murdock Jr. George R. Sullivan rom CI!ldC SoutI1olcl TELEPHONE (516) 765-1800 Southold, L. I., N. Y. 11971 February 26, 1980 Southold Town Board ~'own Hall Southold, New York 11971 Gentlemen: The Highway Committee has inspected the roads and improvements in the subdivision known as "Pebble Beach Farms" and hereby recommends the release of the performance bonds. Respectfully submitted, adMA )!tJIh JO~~;Ck~, Chairman 3~as-~ George R. Sullivan . -. 102 C?P , , d?7,f ~ IJ': 3So. 0 ou ~i!Jfrfung ~rpnrtmrtlt 'iIlofnn of ~outllolb Jetouir, ~. t. 11958 RAYMOND C. DEAN Superintendent Tel. 765-3140 734-5211 February 5. 1980 Southold Town Planning Board Southold, New York 11971 Re: Pebble Beach Subdivision at East Marion Gentlemen: As per Inspection Report # 93 by Mr. John W. Davis. P.E., I recommend the release of the road bond. ~rUIY your ~'l'.~ ~ ~ RAYMOND C. DEAN Sup't of Highways '-" t .... ,. .~ -~~/ '1(/1- /Ir~{tn'~d2~ e;~tT7T . . , . . T Southold, N.Y. 11971 HENRY E. RAYNOR. Jr" Chairman FREDERICK E. CORDON JAMES WALL BENNETT ORLOWSKI. Jr. GEORGE RITCHI], LATHAM. Jr. TELEPHONE 765-1938 February 1, 1980 Southold Town Board Town Hall Southold, New York 11971 Gentlemen: The ~ollowing action was taken by the Southold Town Planning Board at a regular meeting held January 29, 1980. RESOLVED to approve the report o~ John W. Davis, Planning Board Inspector, Report No. 93 in regard to the construction o~ improvements in the subdivision known as "Pebble Beach Farms" and recommend to the Southold Town Board release o~ the bond ~or said improvements. I enclose copy o~ Mr. Davis' report. Yours truly, HENRY E. RAYNOR, JR., CHAIRMAN SOUTHOLD TOWN PLANNING BOARD By Muriel Tolman, Secretary Copy to Le~~erts P. Edson, Esq. -....' INSPECTION REPORT ,- '. .. TO: Raymond C. Dean, Superintendent Town Highway Department . . Southo1d, New York 11971 . . . . . , .. 'Nb. 93 DATE: October 26, 1979 '.. FROM: John W. Davis ,'. ........, . . RE: PEBBLE BEA.CH SUBDIVISION at FAST MARION COMMENTS: , Made i~spection of asphalt ramp at entrance roads placed by Corrazzini and Sons. \ i The feil.thered ramp, approximately 4" .in height and 5 ft. in width, has been placed acros:; the~th' of both roads. '!he work is satisfactory. \ .( /- " All wo~~ is now completed. on this project (See Report No. 87), and I recommend release of the }road bond. . / ././ . C~C..' Southo1d TOWn Planning Board CIC. Highway Committee C.C. L. N. Tuthill, P.E. o ~(b ~O~~ n I ocr 19 ~19 \ U ( ~,j),,;U SOUTHOLO TOWN HWY. " ~. , -.. f f , . .. .~. -- -~ .- iI.l1r!i.II1i"-~_.;...>,>,..:"",,:,- "~l"~' -~-,~,,d;;.,,,.,,;-,,,x':4 -p'!t.r~~~v~t';:~;;-:'.f '~:;:t~T::"~',:~:,"i'- I ~';;;:"~:'...t~\-:..it~~;~~~~~:~2-::E_;:::-~~:',:"':C;:~~:~~~:_~~;~:~p.~,~::~;_~~-'_~--:" -"'-_,---~<>_-_, ".''____ _ ,'_' _ _ _ _ _,_ ___'. ------~ '"""""-,,,, ~~";'~"=K;;~;" "'~"''''~~~'-'--_.-''-''--' INSP.EX:'ITON REPORT '10: Raymond C. Dean, Superintendent Thwn Highway Department Southold, New York 11971 FRoM: John W.Davis \ a', No. 87 Date: Septenber 26, 1979 COMMENTS : RE: PEBBLE BEACH SUBDIVISION at EAST HARION Met Mr. Irving Latham (Contractor for owne.rs) as requested, to go over remaining work. The large borrow pit 'east of the Greenwa;y- has been backfilled am the surface covered Wi th the stored topsoi1~ ,The stockpile of backfill material on Lot No. 98 has been removed. The adjacent sand drain area for drainage relief has been graded satis_ :;factorily. . . \ The additional sand drain (owners option) at Sta. 8.+ OO:!: Rt. on Longway has been completed and graded. ! L.P.'s 1 and 2 at main entrance have been cleaned. All other LoP.'s and C.B.'s on the project were inspected' and found to be in good condition, only minor silt on bottoms. C.B.'s on this subdivision have only one ring. C.B.'s 1 and 2 (at Long..lay and Short Lane) not found before had been re- located at Longt,a;y- Sta. :1.7+ OO:t Rt. and Lt. due to a fieJd change. A M.H. at CoB. 's 8 and 9 not found in a prior report was located. A s cilid concrete COv~r on CoB. 5 at Greenway and Crescent' Was replaced m. th the proper C.I. casting. Barrier guide railing (noted in Rep<r t No. 4p as not being installed) is now in 'place at dead end roads. Swale areas are generally in good condition. , ~, Road pavemen1; is still in good condition. A ,feathered blacktop ramp 4," ,in height is to be placed 'along the width of the entrance roads. This will keep some of the State Rea d drainage running by in- stead of into the subdivision. Mr. Latham Will arrange with the Corrazzini .firm to do this work. Other than the asphalt ramp, all work on this project is completed. C.C. Southold Town Planning Board C.C. Highway Committee C.C. L. M. Tuthill, P.E. d~2I-~~ ~~~ ~~ /!//6>/7;/ ,'/d , . '. "d;r: ~",~" ,;: ;i',~'~:)~~~~, .';;/ -. ,,'-', L. /~'. ,'J ~.,. ....~" "','r>, o,~~s:SE OF TOWiJ;~SL::ERK TOWN OR SOUTHOtD "SU~F()LK cqW:tf .'-",', "_'0'-,- <.' "':~~':-~,~:~ ,,';(:y , '"'.'.,j..~ TELEPHONE (516) 765-1801 JUDITH T. TERRY TOWN CLERK REGISTRAR OF VITAL STATISTICS Southold, L. I., N. Y. 11971 July 3, 1979 Mr. Jack B. Peters, President Pebble Beach Realty, Inc. 620 Hempstead Turnpike Elmont, New York 11003 Dear Mr. Peters: In a telephone conservation with Mr. Elliot Kohn (sp) today I advised I would find out the progress on Pebble Beach Farms from the Planning Board Secretary Mrs. Brush. Mrs. Brush advises that the latest report from the Town Engineer is that he is waiting notification from the contractor that the work is completed so he may make an inspection. Very truly yours, ~d?cdJ' -:v:;y Judi th T. Terry Town Clerk ~ ~' '. ~ OFFICE OF TOWN CLERK " "~"-, () TOWN OF SOUTHot~ JUDITH T. TERRY. T OWN CLERK REGISTRAR OF VITAL STATISTICS '.>.. >.- , --.~ - { SUFFOLK COUNTY ~ ,,,'" 't'. ! /'j lELEPHONE (516) 765-1801 Southold, L. I., N. Y. 11971 May 24, 1979 Mr. Jack B. Peters, President Pebble Beach Realty, Inc. 620 Hempstead Turnpike Elmont, New York 11003 Dear Mr. Peters: In reply to your letter of May 22,1979, relative to the release of the Pebble Beach Farms Performance Bond, this bond cannot be released until we have a report from the Planning Board Road Inspector, a recommendation from the Planning Board, and reports of the Town Board Highway Committee and Highway Superintendent. I have requested the Planning Board to ask their road inspector to submit a report. When this report is received the Planning Board at their June 12th meeting should take action. Following their recommenda- tion, if it is favorable. and a report from the highway committee and superintendent, a resolution will be adopted by the Town Board for the release of the bond. Very truly yours, d fi,;.-./-----~ F~Z. <../- --Y-c'A~ Judith T. Terry Town Clerk . . <. .. YJeb-b-le 23mch cRmltYI ilnc. 620 HEMPSTEAD TURNPIKE ELMONT, N. Y. 11003 RECEIVED MAY 24 1979 Town CIeri( Soutliold 516 - 328-8100 Nay 22, 1979 Miss Judith T. Terry Town Clerk Office of Town Clerk Town of Southold Southold, New York 11971 Dear Miss Terry: Please refer to my letter of March 21, 1979, a copy of which is attached for your convenience. We have heard nothing further in connection with our re- quest to release the two Performance Bonds which are being held by you pending completion of the work for which the bonds were originally posted. We shall appreciate it if you will look into the matter and forward the bonds directly to us for cancellation. Very truly yours, ack B. Peters' resident JBP:ps Encl. . - . March 21, 1979 Ms. Judith T. Terry Town Clerk Office ot Town Clerk Town ot Southold Southold, L. I. New York 11971 Dear Ms. Terry: With reterence to your letter of March 14th. _ enclo.e a copy ot the letter ot July 20, 1978 which wu forwarded to Mr. Martoccbia by the President ot Lot Owners Association. I truBt you wlU find this adequate. ,. .JBP::co Ene. ~._- Very truly yours, ~.'_..__." _. ,.- <( '----,~- - .Tack B. Peters ... Executive Vlce- Pre.ident /. fl;r T}.f/ rjA4{( . ....." .. .....- cN"'fi..E SOL.No PEBBLE BEACH FARMS LOT OWNERS ASSOCIATION, INC. 620 ~ ~p1ke a-t, lev York ~ 20,1978 Bon. AlMrt 1<lartocch1a, Supervis")r ~ of SouthoJ.4 .".....'M14, ... York ))ear 1Ir. IIartoccla1a: I have beeD req..ted by hbb1e Beacla 1lIIalfl7, IDe. to oaan.za to you. tbat the Lot OVIIen A..oc:1at1oll .. reqwin4 __ tha ~"-at:l.ClIl tor hbb1e Beach Paru, lut Marion, ..Y., hu __ tome4 11I4 .. taken title to tha C. , Areu lIDII. 18 tII.l.4 operatb.. Aa PNa14qt of tha Aaaoc:1at:l.on. I coat1m to 701& tMt tha Aaaoc:1ation hu tome4 lIDII. a.~ cOIltrol Oft!' aJJ. C~ Anu _ ha. taken title thereto NId in all respect. 18 t'lIJ..q operatbe. Please advi.. - it there 1& ~ turther 1n1'orat:l.ol1 tIlat 70U require. ! " '. CHARTERED 1886 RECEIVED MAK G ~ 1979 ~ " EQUITABLE FEDERAL SAVINGS AND LOAN ASSOCIATION OF NEW YORK Town Clerk Southold 356 FULTON STREET, BROOKLYN, N. y, 11201 . (212) 852-8000 JACK B. PETERS March 21, 1979 Executive Vice President Ms. Judith T. Terry Town Clerk Office of Town Clerk Town of Southold Southold. L. 1. New York 11971 Dear Ms. Terry: With reference to your letter of March 14th, we enclose a copy of the letter of July 20, 1978 which was forwarded to Mr. Martocchia by the President of Lot Owners Association. I trust you will find this adequate. JBP :co Ene. Very truly yours, C' -4J(~ ~,.._-. /",~k 'B": Peters'" /' Executive Vice-President . I, .. ~. ~ ~~..' . ~~....- '~ ClN~SOLNO ...... n-' PEBBLE BEACH FARMS LOT OWNERS ASSOCIATION, INC. 620 Hempstead Turnpike Elmont, Hew York J~ 20, 1978 Hon. Albert Martocchia, Su;pervisor Town ot Southold SOllthold, New York Dear Mr. Martocc1t1.a: I have been requested by Pebb1e Beach Rea.lt)', Inc. to cont1rm to you that the Lot Owners A..ociation u required bJ the llec1eration tor Pebb1e Beach PI.rmaI, Bast Marion, If.Y., haa been fo1'lllld 1Ulcllw.a taken title to the ComIIKm Areu and 18 ~ operative. loa President ot the Association, I cont1na to you that the Association has formed IUlcl ..aumed control over all COlIIB)n Areaa and has teken tit1e thereto IUlcl in all respects 18 ~ operati".. Please advise me if there is rmy 1'I1rther information that you require. 0..... · -". ~ _ ~~5f4.. ~. President ~ I . ~~~~ ..-:f" .. "" '; " <<>. ",}7 ""\\~.,, <:, <~ j"'~ O/?i,C, i,,',~'~ TJ~~,V', v, ,a,~"Ct,ThK N ,~";:,' " '".....<. '" ~ :::;' ,'~" "-".':':~ -- t'1 1~,8'N OF SOUTl;I~~P. ",' "/' iJ 'SJ!FFOLK cQ~!:Y .,,- ' "jY '~:"-'2:;<,?,:/:",~::~.ii;1 Southold, L. I., N. Y. 11971 lELEPHONE (516) 765.1801 " JUDITH T. TERRY. T OWN CLERK REGISTRAR OF VITAL STATISTICS March 14, 1979 Jack B. Peters, President Pebble Beach Realty, Inc. 620 Hempstead Turnpike Elmont, New York 11003 Dear Mr. Peters: Inreference to your request fpr release of two (2) performance bonds for "Pebble Beach Farms", bond no.'s 914553 and 914554, the Town Board is waiting for additional information from the Highway Superintendent, Town Engineer, and planning Board. In accordance with a rider attached to and forming a part of bond no.'s 914553 and 914554, it was understood and agreed that: "Said bond is amended to insure that all roads, open spaces, tennis courts shall.be maintained by Pebble Beach Realty, Inc. until such time as the "Property Owners Association is formed." If the property owners association has been formed, please submit proof of same to this office. Very truly yours, ~:::; Town Clerk JTT/bn cc:file ! I. ~ Pefrfr&. !Beach cRea[ty, ilnc. 620 HEMPSTEAD TURNPIKE ELMONT. N. Y. 11003 516 - 328-8100 ,. .' ,..' , ~E.~~ ~ f t B 2 2 1979 \ l1lI""Dal mil February 20, 1979 Mr. Albert M. Martocchia, Supervisor Town of Southold Southold, N.Y. 11971 . ~ RE: Release of Bonds 1914553 and #914554 Dear Mr. Martocchia: Please refer to my letter of January 2, 1979 which in turn referred to your letter of July 14, 1978. Inasmuch as all of the criteria set forth by Mr. Raymond Dean have been met, we once again respectfully request that the captioned bonds be released as quickly as possible. Your cooperation will be greatly appreciated since the bonaing company is now dunning us for payment of premiums covering the bonds. Very,truly yours, PEBBLE' BE~C_H RE~Y I!~C. "--cG t-fl I!-.~- / l.t6/7 ~u.u4d . Jack B. Peters, President L/ JBP/ps ......... . '''''''1'''''". , " ~ c~HOU( /> ~ (/5::.,:; ..,,,,,~~~,:~ O,l;F.~~.E OFj:'fO~Y~,~"", <3:.ERK '" ,,".- ~'''' ,'''.. Q ~_.",..",.", ", ~~ 1;PJY,N OF\ SOY~9rg ~UFFOLK&U~nf '0." " " -;,;,) <V' -r,''''!' i' "'i' "<..-"'-, '<. "... ,t".,/ -<":~:~':,;:-;j::;;::;:'''';'''' Southold, L. I., N. Y. 11971 JUDITH T. TERRY T OWN CLERK REGISTRAR OF VITAL STATISTICS January 12, 1979 To: Southold Town Planning Board Raymond Dean, Highway Superintendent Highway Committee Town Engineer May I have your report on the request of Jack B. Peters, President, Pebble Beach Realty, Inc. for the release of the road performance bonds for Pebble Beach Farms. Very truly yours, ~,t'~~~ Judith T. Terry Town Clerk TELEPHONE (516) 76H801 .. ',~' .' . '. PeCble !Beach cRea1t!:J1 []nc. 620 HEMPSTEAD TURNPIKE ELMONT. N. Y. 11003 516 - 328-8100 January 2, 1979 ~ llECEl'ti'Etf . ~ } Mr. Albert M. Martocchia, Supervisor Town of Southold Southold, N.Y. 11971 ,JMi (, .: r~'9 lillUIHIl.lll J:OwtJ , . I. i } RE: Release of Bonds *914553 and #914554 Dear Mr. Martocchia: . Further to your letter of July 14, 1978, I am pleased to report that all criteria set forth by Mr. Raymond Dean, Highway Superintendent, have been met. We respectfully request that the bonds be released as quickly as possible. ,-,.~.t; ...f it I' \\ ,l '# I f'v I r:~ I t ~~ }. <:-,\~r ,\/ l '-1';' \ ~~ll\(~Ut ' 'bBP: ps Very truly yours, ~ PEBBLE BEACH REALTY, INC. !Jack tLr/.< v B. Peters, : 'j3~!Z~ President . ~. '--.- .. .. , , t " . , RECEIVE i) jUL 0 3 lCi7~ ~\IDiOLll IQWl! \ , SPeCCte !Beach cReatt!:!} flnc. 620 HEMPSTEAD TURNPIKE ELMONT. N. Y. 11003 516 - 328-8100 June 29, 1978 Town Board Town of Southold Southo1d, New York /11 I' -;r:- ~ Re: Bond # 914553 and 194554 Pebble Beach Realty Inc. Gentlemen: Please be advised that the conditions with respect to the above mentioned bonds have now been met with the completion of the roads and the formation of the Property Owners Association. I respectfully request your release to the bonding company and notification of same to the undersigned . Thank you for your earliest attention to this matter. Very truly yours, ~. ~''- _./,ra'ck B. Peters, ...-" President ..=:> -TBP I cdp ~--- ~lllr&r1eh;Jju~tA1..J ,~ed .:fll) J0 ," . ,. D LD Y Southold. N. Y. 11971 JmIl\lC~ ~ HENRY E. RAYNOR. Jr., ChIn. FREDERICK E. GORDON JAMES WALL Bennett Orlowski, Jr. TELEPHONE 765 - 1938 July 3, 1979 Pebble Beach Farms c/o Lefferts Edson, Esq. Southold, New York Dear Mr. Edson: 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, J"R., CHAIRMAN SOUTrlOLD TOWN PLl\l\NING BOARD ~ER/mb / Copies to Judith T. Terry, Town Clerkv Robert Tasker, Town Attorney James F. Homan, Deputy Supervisor Bonding Company .-\.J cy~ < ,_k~.L-, e-- J$ '1 d c. () Do .- LJ I .4 .:J ,,- .s 'I IrL .:r -[ <I . . n ""-- RNEY LD ROBERT W. TASKER TOWN ATTORNEY TELEPHONE 477..1400 11944 September 18. 1975 Hon. Judith T. Boken Southold Town Clerk Main Street Southold, New York 11971 Re: Pebble Beach Farms Performance Bond Dear Judy: The Planning Board has requested that the original performance bond filed by Pebble Beach be amended to include the maintenance of the common areas until such time as the common areas are deeded to the property owners association. I have received and enclose herewith a rider to the original bond in duplicate. This should be made a part of the original bond No. 914554. A copy of this letter is being sent to the Planning Board. Yours very truly, ~ ROBERT W. TASKER RWT:MY ]~nclosures ". LEFFERTS PAINE EDSON ATTORNEY AT LAW MAIN ROAD. SOUTHOLD, N. Y. 11971 516 7615-2500 September 15, 1975 The Honorable Albert J. Martocchia Southold Town Supervisor 16 South Street Greenport, New York 11944 Re: Pebble Beach Farms Dear Mr. Martocchia: In compliance with the request of the town board, we enclose an amendment for each of the two original bonds issued by Republic Insurance Company which are now in your possession. Kindly attach these amendments to each of the originals. These amendments provide for the coverage by the bond of the open areas. Thank you very much. incerely, _~1;:;)?,.'::;rr{::i.~t... ,'..',"~Jj- ..,_~r~.s'___,,,,, .>>-- ''f' -~'",..~."",.,-~"~,.,.,c~,,,,,,,,,"r.~ ,.,:'\. .'. ,"''':;''". ~_~'""":,".,,,,.~,, ,om ...'1",.", 7........-'C-':'lI'T...~._,_ ~_~.." .,;:.."...,-- ~ .' ~ ' " ' , . ERK . . ALBi:::RT v., RICHMOND TOWr-: CLE:RK REGlo;Ti;JA'~ OF VITAL STATISTICS TELEPHONE 765.3'7B3 SOUTHOLD, L, I, N, y, 11971 THE FOLLOWING RESOLUTION WAS ADOPTED BY THE SOUTHOLD TOWN BOARD AT A REGULAR MEETING HELD ON MARCH 11, 1975. "On motion of Justice Suter, seconded by Justice Demarest, it was RESOLVED that the Southold Town Board approves the amount of $380,000.00 bond estimate for the subdivision known as "Pebble Beach Farms." Vote of the Town Board: Ayes: Supervisor Martocchia, Councilman Rich, Councilman Homan, Justice Suter, Justice Demarest. II ,TATE OF NEW YORK ) '" 'iTY OF SUFFOLK ss: "ce of the Clerk of the · JWN OF SOUTH OLD (B Jl: A L) This is to certify that I, Albert W, Richmond, Clerk of the town of Sauthold, in the said County of Suffolk, have compared the foregoing copy of resolution with the original resolution now an file in this office, and which was passed by the Town Boord of the town of Southold in said County of Suffolk, an the ..,J..lJ;IJ..., day of w,....,~);,c,h..,......,...., 19..1.':1.., and that the same is Q correct and true transcript of such original resolution and the whole thereof. In Witness Whereof, I have hereunto set my hand and affixed the seal of said Town this ,..J.;!,t.Q.., day of ..,..,....,..~r,c;::iL,..,..,..,.. 19,.7.5.. " ,'--;J Clerk of the Town Boord, T~~~~~~~~:~;(~~ -_._._-~""...... ~~~"T'':''."''~'fl''''''',..'"r' ',,'" "!,":~,,~..,,,..~.-- ----.-"':''-~':~c\~.,.,,-'''r--~"~:'7'>-~:.'.:T'., .> ",-".""",,,,"l'7":'~~""""""'""~~~~~~"~"""--~""""~~ J;~ . ( '\1; 'IA~-t'f" i .' 29 ," ~._ Te; '.;' ;.; '; ,~ ~, 'I:l RID E R TO BE ATTACHED TO AND FORM A PART OF BOND NO. 914554 in which PEBBLE BEACH REALTY INC., is the principal, and REPUBLIC INSURANCE COMPANY is the surety, and TOWN OF SOUTHOLD, NEW YORK is the sum of 00/100 ($ 278,000.00 ) DOLLARS AND dated April 3,1975 obligee, which bond is in the TWO HUNDRED SEVENTY EIGHT AND IT IS HEREBY UNDERSTOOD AND AGREED that: " Said bond is amend~d to insure that all r..'ads, open spaces tennis courts shall be maintained by Pebble Beach Realty, Inc. until such time as the "property OWner's Associates is formed" under all of the terms and conditions as are set forth in said bond. SIGNED, SEALED AND DATED the 2iltn day of August 19 ". PEBBLE BEACH REALTY INC., c;o/~ y BY: (S) Joseph J. Donovan, President Attornev-in-Fact RS IIJ . .._;.,":-.-aJ',......_......';.-..~ ~ ~,.....~~,;,.~,.:...;~".;.~,-.:...:.~~:..:,,~~~I/Ii., ~.. 11 ,'='...'"~~'~';tIf&~<:! '7.'.jt-."~.':,,~;;.;.;;'~~c",. .. .~ f .' ACKNOWLEDGMENTS COPARTNERSHIP STATE OF } SS: COUNTY OF On this day of 19 , before me per- sonally appeared be one of the fi rm of described in and who executed the foregoing instrument and he thereupon acknowledged to me that he to me known and known to me to executed the same as and for the act and deed of said firm. CORPORATE STATE OF NEW YORK }ss: COUNTY OF SUFFOLK On this 5th day of September sanally appeared Joseph J. Donovan first duly sworn, did depose and say that he resides in he is the President of 19 75 , before me per. to me known, who, being by me Malverne, New York ; that Pebble Beach Realtv. Inc. the corporation described in and which executed the foregoing instrument; that he knows the corporote seal of said corporation; that the corporate seal affixed to said instrument is such corporate seal; that it was sa affixed by order and authority of the Board of Directors of said corporation, and that he signed his name thereto by like order and authority. ~-~2~ INDIVIDUAL LEFFERTS PAINE EDSON NOTARY pueuc, State of New Y-Jrk. No. 52-1077635 . Suffolk County Commission Expires March. 30. .197..l STATE OF }ss: COUNTY OF On this ","ally appeared day of 19 , before me per.. , to me known and known to me to be the individual described in and who executed the foregoing instrument and acknowledged to me that executed the same. F'ORM E_23 -__~.:':1".)"-- """""'-'.'4-':~~i.?"'- ~ '~- ...... .'.si':i>lV...: """""" '''''~;;___'."_;...n.....,,,:,,1oo ,~"'~ '~~j , .~~..' t. REPUBLIC INSURANCE COMPANY . '. t Eastern Department: 129 FULTON STREET, NEW YORK, N.Y. 10038 FIN A N C I A L S TAT E MEN T DE C E M B E R 3 I, 1974 ASSETS 1974 LIABILITIES, RESERVES AND CAPITAL FUNDS Cash...... . 1,888.575 Bonds. at mortized cost (Schedule I): United States Government. . . . . . . . . , . . , . . . . , . . . . . , . Other bonds. . . , . . ' . . . . . . . . . . . . . . . . . , . . . . . . . . . . , . Commercial notes ...,.....,...........'.......,.. Total Bonds. . . . , . . . . . . ' , . . . . . . , . . . . , , . . . . . . . . . 13,991.507 56,508,735 600.000 71,100,242 Investments in stocks other than stocks of affiliates (Schedule II):: Preferred stocks, at market. ...................... Common stocks. at market. . . . . . . . . . . . , , , . . , . , . . . Savings and loan association shares. at Th~~~I.st~k~ .::...', .......... ...... ...... .:..:.',...,.,.... '. ':::: 8,656,781 19,602.310 329.000 28,588,091 Investments in stocks of affiliates at under- lying book value(Schedule II). ......,....... ... 36,129,757 Agents' balances and reinsurance balances - net........ 39.488,079 Premium notes. less unearned interest ......""....... 9,806,550 Re~1 estate. at cost less accumulated depreciation 01'576.172 ,..........,............., ..,..",.., 1,471,969 4,700,219 Other assets ............,.............., ...". ..... Receivable from affiliates. . . . . . , . . . . . . . . . . . . . . . . , . . , . 30.399 193.203,881 Liabilities: Reserve for losses. . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . Reserve for loss adjustment expenses..... ........... Unearned premium reserve (Schedule VII)........... Taxes. other than Federal income taxes. . . . . . . . . . . . . Dividends payable to shareholders. . . . . . . . . . . . . . Other liabilities ......................... ........ Payable to affiliates. . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ Federal income tax.............................. 32,056,711 3,846,435 114,303,187 708,300 10.000 5,077 ,258 139,882 -0- Statutory reserves: Excess of statutory reserves over loss and loss expense reserves. ................, ... .... ,. Reinsurance in companies not licensed in Texas. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 295,593 4 156.437,370 Total liabilities .,............ Capital shares and surplus: Capital shares: Preferred stock. $100 par value per share. Authorized 200.000 shares. issued 150.000 shares......... ......... ............_ Common stock. 55 par value per share. Authorized 200.000 shares. Issued 12,000,000 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 of affiliates over cost .................. ....... Total capital shares and surplus. . . . . . . . . . . . . . 5,000,000 6,000,518 16,476,002 <7,830,368> 5.120.359 36.766,511 193,203.881 Note: All 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: all other securities at quotations prescribed by the Association, BE IT REMEMBERED. that at a regular meeting of the Board of Directors of Republic Insurance Company. duly called and held at the office of the Company in the City 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 A TTORNEYS.1N.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 Compeny 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 fun power to bind the Company by their signature and execution of any such instruments aod h' attach the seal of the Company thereto. The President. or any Executive Vice President. or the Board of Directors. may at any time revoke all 1?ower and authority..greviously given to any attorney-in-fact. STATE OF NEW YORK COUNTY OF NEW YORK } ss. George J McGovern . being duly sworn. deposes and says: lam Attorney-in-F. ct 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 that the same is nnw in full force and effect. Pursuant to said By.Law. George J. McGovern. Thomas J. Keenan. James N. Heiskell, Ralph L. Price, and ~arlin ~. P~rry were duly appointed Attorneys-in-Fact of this Company without limitation as to amount of bond executed and that said appointment IS now III effect. The above is a true statement of the assets and liabilities of'said Company at the close of business December 31,1974 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 ofthe State of New York has, pursuant to Section 327 ofthe New York Insurance Law (Chapter 882 of the Laws of 1939 of the State of New York. c~nstituting Chapter 28 of the Consolidated Laws of the State of New Y . as amended) issued to the Republic Insurance Conlpany his certificate that said Company is qualified to become and be acce as surety t gu antor on aU bonds, undertakings and other obligations or guarantees. as provided in the Insurance Law of the State of New 0 . and all la 'S amendatory t reof and supplementary thereto; and that such certificate has not been revoked. , --=:...' I Auqust COUNTY OF NEW YORK ,19 75 p,'l,Tf"\:~!/-. f.. Jt,"F:3 I'!ct~r}' Pu:':-;:c, '.~t:~:~c, c,; l:.:......yarl-:: '.2:.:?_'};, ::25C) Qualifisd i;l Ei:lg.5 Co;.:r:ty CommiSSIOn eXj..H;c:~ Marc~ 30,1971 On this 28th day of A uqust . 19 75. ,before me personally Thomas J . KeErBn to me known. who being. by me duly sworn. did depose and say that he resides in Massapequa Park,New York that he is an attorney-in-fact of the Republ' Company, the corpolation delocribed in, and which executed. the foregoing instrument; that he kn that the seal affixed to the foregoing instrument is such corporate seal; that it was affixed thereto b corporation and that he signed his name thereto, as attorney-in.fact, by like order and authority AS.l09 (5,751 L "..<:-:. Ql1alik~d in . Cornmlss:Ln '"'" . ...."l., ",":",.,~~~ ..] i:l~,:3 :"o:J!ity !k-:!rch 20 1{~'77 .. -. _,'. _l"T1-' ",",,"',,'\"""'-'11 .~-"-- -~"'---",'-...~ -- - ~ I . ,'1- ..';i'l .. " REPUBLIC INSURANCE COMPANY .. . ...~.-t\\: ...~. 129 FULTON STREET NEW YORK, NEW YORK 10038 BON D KNOW ALL MEN BY THESE PRESENTS, That We, PEBBLE BEACH REALTY INC. of 620 Hempstead Turnpike, Elmont, New York as Principal and the REPUBLIC INSURANCE COMPANY, a Texas corporation authorized to do business in the state of New York, having an office and place of business at 129 Fulton street, New York, New York as Surety are held and firmly bound unto the TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK AS OBLIGEE in the sum of '!WO HUNDRED SEVENTY EIGHT THOUSAND AND 00/100 ($278,000.00) DOLLARS lawful money of the United States for the payment whereof to the Obligee the Principal and Surety bind themselves, their heirs, executors, administrators, successors and assigns jointly and severally firmly by these presents. SIGNED, SEALED AND DATED THIS 3rd day of April 1975. WHEREAS, the above named Principal has agreed to comply with the terms regulations and conditions of the Town of Southold in connection with the completion of items 5 thru 17 as shown on Town Engineers Estimate dated February 24,1975 for subdivision of "Pebble Beach Farms" situated in Town of Southold, Suffolk County New York and in connection therewith the Obligee desires this bond be given; NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the Principal shall in connection with the installation of the items 5 thru 17 on Engineers Estimate in Pebble Beach Farms within one (l)year from the date hereof, complete said improvements to be in accordance with the construction specifications of the Town of Southold, all in conformance with the plot plan approved by the Southo1d Town Planning Board and to the satisfaction of the Town of Southold, then this obligation to be void, otherwise to remain in full force and effect. ( I, I .-.l BY. Thomas J. ~enan AttorneY-~-Fact BOND #914554 R S. \04 . -','",,~---.~.~ . ~ " . / -J-;';.c.---:-,=;o~cc::_-,orl.'_--;s"":',"'~-,C:~~'- ',_ '__ ,,-~_,,-",""';-:- ';;JV.j'~-1'"';, "'$i.,~...t"",,:-:'-;~~'<:\.i'h"}i'~'t':;,-~*r:;;!i<'~:,:<'.;~," ^> .."._.'~ _~"'C"'" ,..'" ..,'. .,_'~>"".., ........,.-.", ,_.,....'...,,-~"-~-,,--~._.- ---~.- , . . ' " - .' . ACKNOWLEDGMENTS COPARTNERSHIP STATE OF } 55: COUNTY OF On this day of 19 , before me per- to me known and known to me to sonally appeared be one of the fi rm of described in and who executed the foregoing instrument and he thereupon acknowledged to me that he ..xecuted the some os and for the oct and deed of said firm. CORPORATE STATE OF NEW YORK }ss: COUNTY OF SUFFOLK On this 7th day of April 19 75 , before me per- sonally appeared J. J. DonOvaYl tlUllIe 5tree t to me known, who, being by me first duly sworn, did depose and soy that he resides in IMal verne, New York ; that he is the President of pebble Beach Realty, Inc. 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 so affixed by order and authority of the Board of Directors of said corporation, and that he signed his l1ame thereto by like order and authority. LEFFERTS PAINE EDSON ~OlARY PUBUC. state of Ne~ '(ork No. 52-1077625 . Slllfo~:'- County_ Commlssicn Expire5- March 30. ~911 ':P~~r~ INDIVIDUAL STATE OF }ss: COUNTY OF On this day of , before me per- 19 sonally appeared , to me known and known to me to be the individual described in and who executed the foregoing instrument and acknowledged to me that executed the same. FORM E_2S ~' -:--r--- ")). ^'X'''-'_''''''~'''"'''.&f'_,::~",,~ . .' ..;f. ~"h"lo---., . . ... .. . 'n;\:,:l.~tt' . ~~"1':~.~, . . REPUBLIC INSURANCE COMPANY . .,"';1,.' .,. Elstern Department: 129 FULTON STREET. NEW YORK. N.Y. 10038 FIN A N C I A L S TAT E MEN T DE C E M B E R 3 I, 1973 ASSETS 1973 LIABILITIES. RESERVES AND CAPITAL FUNDS Cash ....... 1,182,055 Bonds, at mortized cost (Schedule I): United States Government ......................... 5,997,339 Other bonds ..... ... .... ...... ... .... .... ..... ...53,615,660 Commercial notes................................ 800,000 Total Bonds................................... 60,412,999 Investments in stocks other than stocks of affiliates (Schedule, II):: Preferred stocks, at market. ...................... Common stocks, at market ....................... Savings and loan association shares. at east.'. .................................... Total stocks ............................... i2,983,819 29,540,560 339,000 42,863,379 Investments in stocks of affiliates at under. lyingbookvalue(SCheduleU)......,............... . 34,667,866 30,710,201 Agents' balances and reinsurance balances - net. . . . . . . . Premium notes, less unearned interest........ _......., 10,666,131 Real estate. at cost less accumulated depreciation o'f576,172 ..................................... 1,493,613 Otheras,et, ....................................... 1,424,648 Receivable from affiliates ..;......................... 3,033,968 186,454,860 Liabilities: Reserve for losses. ................................ Reserve for loss adjustment expenses. . . . . . . . . . . . . . . . . Unearned premium reserve (Schedule VU). . . . . . .. . ... Taxes. other than Federal income taxes. . . . . . . . . . . . . . Dividends parable to shareholders . . . . . . . . . . . . . . . . . . Other liabilities .................................. Payable to affiliates ............................... Federalincometax ............................... 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 liabilities . ... . . . .. . . . . . . . . . . . . . . . . . . . .. ."134,304,161 Capital shares and surplus: Capital shares: Preferred stock. 5100 par value per share. Authorized 200.000 shares, issued 150,000 ,hares .. .. . .. .. .. . .. .. .. . .. .. .... .... 12,000,000 Common stock. 55 par value per share. Authorized 200,000 shares. Issued Authorized 2.000.000 shares. issued 1.000.000 shares. ............................. Paid.insurplus ................................ Retained earnings ................................ Excess (deficiency) of market value of stocks over cost. other than stocks ofaffiliates .................................. 6,283,921 Excess of underlying book value of stocks' ofaffiliatesovercost .................... ...... 7.093.201 Total capital shares and surplus............... 52,150.699 186,454,860 5,000,000 977,572 20,796,005 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; all other securities at quotations prescribed by the Association. BE IT REMEMBERED. that at a regular meeti~g of the Board of Directon of Republic Insurance Company, duly called and held at the office of the Company in the City 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 A TIORNEYS.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 power to bind the Company by their signature and execution of any such instruments aQd t0' attach the seal of the Company thereto. The President." or any Executive Vice President. or the Board of Directors. may at any time revoke all ~er and authority..,ereviously given to any attorney-in-fact. STATE OF NEW YORK COUNTY OF NEW YORK } ss, George J McGovern , beingduly,wom,deposesand,ays:lam Attaney-in-Fact of the Republic Insurance Company, I have compa~ 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 that the same is now in fun force and effect. Pursuant to said By. Law, Geo~ 1. McGovern, Thomas J. Keenan. J~mes N. Heiskell, Ralph L. Price, and Marlin F. P-:ny were duly appointed Attorneys-in-Fact ofthis Company without limitation as to amount of bond executed and that said appointment is now in effect. The above is a true statement of the. 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 Yark. The Superintendent ofInsurance of the State of New York has. pursuant to Section 327 of York Insurance Law (Chapter 882 of the Laws of 19390fthe State of New York. c~mstituting Chapter 28 of the Consolidated Laws of the t of Ne 0 k. as ame ded) ISSUed to the Republic Insurance Company his certificate that said Company is qualified to become and be acce t as to aranto all bonds, undertakings and other obligations or guarantees, as provided in the Insurance Law of the State of New law amend 0'. ereaf and supplementary thereto; and that such certificate has not been revoked. 3rd Thomas J.Keenan ~ Massapequa Park, ew York and say that he resides in that he is an attorney-in-fact of the Republic Insurance Company, the cOrPoration described in. and which executed. the foregoing instrument; that he knows the corporate seal of sai ration; that the seal affix !he fore~ing instrument is such co-q;x>rate seal; that it was affixed thereto by the order of the Board of D. t of said corporatio t t h signed hIS name thereto. as attorney.m.fnct. by like order and authority. re ,me this COUNTY OF NEW YORK On this day of R$-109 (4-73) .1922- NOI"r~.~.r'~:;\~'~!.<~.~i;::ork Qual\tii?d l!l (,\I'G~ ~ h- 30 191& ,.,.,.,.tre.SM"liC\ ,- 'I ComnliS~\On ....t'"' , J 9 7 5 . before me personally Apr il to me known, who being. by me duly sworn, did depose Notary Public PATR A Nota A. JAMES ryPub IC,State otNpwYork ."0.24.2928260 - C Q~a~lfled in Kings Co !y ommrsslon un . eXPjr~SMarch30,1975 . . ..~:,.,' . >>. t JUDITH T. TERRY T OWN CLERK REGISTRAR OF VITAL STATISTICS March 12, 1980 Lefferts P. Edson, Esq. Main Road Southold, New York 11971 Dear Mr. Edson: Enclosed herewith are two maintenance bonds in the amounts of $102,000.00 and $278,000.00 for" Pebble Beach Farms, which were released by the Southold Town Board at a regular meeting held on March 11, 1980. Very truly yours, ~ddL~~ Judith T. Terry Town Clerk Enclosures y-(j) TELEPHONE (516) 765-1801