HomeMy WebLinkAboutPeconic Knolls
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REPUBLIC INSURANCE COMPANY
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129 FULTON STREET
flEW YORI<, NEW YORK 10038
BON D
KNOW ALL MEN BY THESE PRESENTS, That We, ADELPHI LAND CORP. of Box
791 Mattituck, New York as principal and STEPHEN G. TSONTAKIS AND MIKE TSONTAKIS
and JOAN L. SULLIVAN AS co-principals 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 TWENTY SIX THOUSAND SEVEN HUNDRED SIXTY AND
00/100 ($26,760.00) 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 10th day of June 1977
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 " Peconic Knolls" situated
in the Town of Southold, Suffolk County, New York prepared by Howard W.Ycung,
L.S. New York and in connection therewith 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, lliAT, if the
principal shall, in connection with the installation of roads and improvements
in peconic Knolls within one (1) year from the date hereof, complete said
improvements to be in accordance with the construction specifications of the
Town of Southo1d, all in conformance with the plot plan approved by the
Southold, Town Planning Board and to the satisfaction of the Townof Southo1d,
then this obligation to be null and void: otherwise to remain in full force
a nd effect.
No party other than the Obligee shall have any rights hereunder as
against the Surety.
The aggregate liabi1itycr the surety on the bond obligation shall
not exceed the penal sum thereof for any cause or reason whatsoever. This
is the basis on which the surety executed this bond and any party claiming
to ~ave any right against the surety is bound by this limitation.
CO-PR~!l'CIPALS r-...c..Jl
by: ~. \ "- '
st~en G. TeO~i'
by: lL../.(.,.-{_ (kh-C( ~
Mike Tsontakis .
ADELPHI LAND CORP.
By:~3\~
BOND #919630
SU~ COMPANY
by: L'C'~-t'//' g~.~
JO~L. Sullivan
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ACKNOWLEDGMENTS
COPARTNERSHIP
STATE OF
} SS:
COUNTY OF
On this
19 ,"I.
, before me per..
sonally appeared
to me known and known to me to
p.
described in and who executed t~e loregoing instrument and he thereupon acknowledged to me that he
executed the same as and lor the act and deed 01 said lirm.
CORPORATE
STATE OF
On this
t&
doy 01
CSTF~~"""
}SS:
J<..lL'1 19 7) ,beloremeper-
(:- ~ '\'""ll".,......,.~ L U' to me known,. who, being by me
that he resides in ~~~\'"r"'c:..1t- J I"'-'~. ; that
01 Ao l'U"'t\ .. L~D c:..d.4..id
COUNTY OF
sona lIy appeared
fint duly sworn, did depose and say
he is the 9~\1t:>~
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 01 the Board 01 Directors 01 said corporation, and that he signed his
name thereto by like order and authority.
ROBERT J. B. SHAW
NOTARY PUBLIC, Sr;:l", of New York
No. 52.8949000
QU3Jified in Suffolk County
Commission Expires March 30. 19..:zr
INDIVIDUAL'>
STATE OF
}ss:
COUNTY OF
On this ~~ day 01 jv,-'1 19 "").'1 ,belore me per-
t' ,. ~ J:::.~ .c..,,-W ~
sonally appeared ~n::v~ 'TI~,,~S t ""\1<;;: \So~I<:.IS , ,to me ~nown and known to me to
be the individual described in and who executed the lo",going instrument and of.4 F)' acknowledged
to me that t- t ty executed the same.
. BeRT J. B. SHAW
NOTARY PU8L1C, Slatl-! of New York
No. 52.Wf4~llOa
Q~.1lifjsd in Suffolk Count,' c:/
Commission ExpIres Marcil 30. 19_Z 0
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REPUBLIC INSURANCE COMPANY
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FINANCIAL STATEMENT
Ee.tern Depertment: 129 FULTON STREET, NEW YORK, N.Y. 10038
DECEMBER
31.
1976
1976
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
7,042,680 ofamli't.. ....................... ........... <3,471,434>
Excess of underlying book value of stocks
416,230 ofaffiliatesovercost .......................... 12,708,801
Total capital shares and surplus............... 61,220,142
$232,566,891 $232,566,891
All securities are carried in accordance with the requirements of the National Association of Insurance Commissioners as follows: eligible
bonds at amortized values; stocks of associated insurance companies at pro rata share ofcapita1 and surplus; all other securities at quotations
prescribed by the Association.
Cash... .
ASSETS
. .... .. . . ....... ...........$ 3,016,274
Bonds. at mortized cost (Schedule 1):
United States Government.............. .... ... ....
Other bonds.. . .............. ....................
Commercial notes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total Bonds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5,007,833
67,113,322
7.247.388
79,368,543
Investments in stocks other than stocks of
affiliates (Schedule II)::
Preferred stocks. at market. ...................... 17,883,450
Common stocks, at market. ................... ... 28,658,741
Savings and loan association shares,
at cost. .................................. ". 265.500
Total stocks ............................... 46,807,691
Investments in stocks of affiliates at under- 86 0
lying book value (S<:hedule In. ... ........... ........45, 3,54
Agents' balances and re1nsurance balances - net. . . . . . .. 42,520,718
Premium notes. less unearned interest .................
6,155,069
Real estate, at cost less accumulated depreciation
of 576.172 .....................................
1,376,146
Other assets ........ ........... .... .... ,...........
Receivable from affiliates. . . . . . . . . . . . . . . . . . . . . . . . . . . -
Note:
LIABILITIES. RESERVES AND CAPITAL FUNDS
Liabilities: 1976
Reserve for losses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 42,082,424
Reserve for loss adjustment expenses. . . . . . . . . . . . _ . . . 4,609,000
Unearned premium reserve (Schedule VII)........... 101,702,701
Taxes. other than Federal income taxes. . . _ . . . . . . . . . 810,600
Dividends payable topolicyholders.. ............ 1,000
Other liabilities.... .................. ......... 5,961,300
Payable to affiliates............................. _ 1,307,871
Federalincometax .......... .............. ...... ~-
Funds held by company under... . . . . . . . . . .. ... 14,798,17]
Reinsurance Treaties
Statutory reserves:
Excess of statutory reserves over loss and
loss expense reserves. . . . . . . . . . . . . . . . . . . . . . . . . . .
Reinsurance in companies not licensed
in Texa$ ... ............... ...................
73,029
653
Totalliabitities.... ........ .......... ........171,346,749
Capital shares and surplus;
Capital shares:
Preferred stock. 5100 par value per share.
Authorized 200.000 shares, issued
lSO.000shares ..............................
Common stock. 5S par value per share.
Authorized 200.000 shares. Issued
12,000,000
5,000,000
6,000,518
22,039,389
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 ofD.I1_. Tex.". on the 28"th day of-February. 1967. a quorum being present. the following By-Laws was duly adopted to
become effective February 28, 1967:
ARTICLE Xl- APPOINTMENT OF A TTORNEYS.IN.F ACT
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 othel' obligatory instruments of
like nature. Such attorney-in. fact. subject to tbe limitations set forth in their .!espective certificates of authority shalt have full power to bind the
Company by their signature and execution of any such instruments aDd to 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 I?ower and authority"greviously given to any attorney-in.fact.
STATE OF NEW YORK
COUNTY OF NEW YORK
} ss.
James N. Heiskell ,bein~dulysworn,d.posesandsaY':]'m 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 thai
the same is now in fun force and effect. Pursuant to said By-Law, John J. Zahn, Thomas J. Keenan. James N. Heiskell. Ralph L. Price, and
Marlin F. Po;:rry were duly appointed Attorneys-in-Fact of this 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,assels and liabilities of"said Company at the close of business December 31,1976 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
t939 of the State of New York. C9nstituting Chapter 28 of the Consolidated Laws of the State of New Yor as amended) Issued to the Republic
Insurance Company his certificate that said Company is qualified to become and be accepted s suret to rantor on an bonds, undertakings and
other obligations or guarantees. as provided in the Insurance Law of the State of New York, II aws menda ory thereof and supplementary
thereto; and ~ ch certificate has not been revoked.
lOth
Thomas J. Keenan
Massapequa Park, New York
and "ay that he resides in that he is an aHo ey-in-f t of the Re
Company, the corporation described in, and which execuled, the foregoing instrument; that he kno
that the seal affixed to the foregoing instrument is such corporate seal; tbat it was affixed thereto by
corporation and Ihat he signed his name thereto, as attorney-in-fact, by like order and authority.
June
day of
Onthi)
day of
June
RS.l09
.19 77
PATRICIA A. JAMES
NotfH}' Putrlk, Sir.lte of New Yor~
0. 2 if-2'2.:22-250
Qualtfied in Kii1C~ County
CommiS5wn er..plic:i. MtlfCh30,1971
. t 9 7 7 . before me personally
otary Pub c
JA A. JAMES
tllic,St,lIte cf NewYorll
.2 ~-~)28260
~ Qualified in f\ings <..ounty
om.mls~on .~Plrt:. Mtlrch 30,19"1
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Town Hall, 53095 Main Road
P.O. Box 728
Southold, New York 11971
TELEPHONE
(516) 765.1801
JUDITH T. TERRY
TOWN CLERK
REGISTRAR Of; VITAL STATISTICS
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
December 12, 1983
William Wickham, Esq.
Main Road, P. O. Box 1424
Mattituck, New Yrok 11952
Re: Henry's Lane Extension, Peconic
Dear Mr. Wickham:
The performance bond in the amount of $26,700.00, and name
of Adelphi Lane Corp., et ai, was released by the Southold Town
Board on October 4, 1983.
Henry's Lane Extension has not been dedicated to the Town,
as of this date, and therefore is considered private.
Very truly yours,
~~
Judith T. Terry
Southold Town Clerk
.
JUDITH T. TERRY
TOWN CLER K
REGISTRAR OF VITAL STATISTICS
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Town Hall, 53095 Main Road
P.O. Box 728
Southold, New York] ]97]
TELEPHONE
(516) 765-1801
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
October 10, 1983
Mr. Steve Tsontakis
P. O. Box 791
Mattituck, New York 11952
Dear Steve:
The Southold Town Board at a regular meeting held
on October 4, 1983 released your performance bond in the
amount of $26,760.00 for roads and improvements in the
subdivision known as Peconic Knolls at Peconic. The
performance bond is enclosed herewith.
Very truly yours,
Pr
Judith T. Terry
Southold Town Clerk
Enclosure
,
JUDITH T. TERRY
TOWN CLERK
REGISTRAR or 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
October 10, 1983
~. Henry E. Raynor, Jr., Chairman
Southold Town Planning Board
Southold Town Hall
Southold, New York 11971
Dear Henry:
The Southold Town Board at a regular meeting held
on October 4, 1983 released. the performance bond in the
amount of $26,760.00 of Steve Txontakis for roads and
improvements in the subdivision known as Peconic Knolls
at Peconic.
Very truly yours,
~~Ly--
Judith T. Terry
Southold Town Clerk
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JUDITH 1. TERRY
TOWN 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
September 21, 1983
To: Superintendent of Highways Raymond C. Dean
Southold Town Board Highway Committee
Councilman Joseph L. Townsend, Jr., Chairman
Councilman John J. Nickles
From: Judith T. Terry, Town Clerk
Attached hereto is letter from the Southold Town Planning Board
and report of Inspector John W. Davis relative to the release
of the bond on Peconic Knolls. I would like to put this on the
October 4th Town Board agenda and request that you submit a letter
to me on your findings in this matter.
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Town Clerk Southold
Southold, N.Y. 11971
HENRY E. RAYNOR, ir. , Chai,man
iAMES WALL
BENNETT ORLOWSKI, ir.
GEORGE R1TCIllIE LATHAM, k
WILUAM F. MULLEN, ir.
TELEPHONE
765. 1938
September 21, 1983
Mrs. Judith T. Terry
Southold Town Clerk
Southold Town Hall
SouthOld, New York 11971
Re: Peconic Knolls
Dear Mrs. Terry:
The fOllowing action was taken by the Southold Town
Planning Board, Monday, September 19, 1983, after review
of Inspector John W. Davis' report #317 and correspondence
from the Superintendent of Highways, dated July 29, 1983.
RESOLVED that the Southold Town Planning Board accept
Inspector John W. Davis' report #317 with regard to the
subdivision known as Peconic Knolls at Peconic and recom-
mend a release of the bond presently held by the Town of
Southold.
Report #317 and correspondence from the Superintendent
of Highways has been attached for your records.
Very truly yours,
HENRY E. RAYNOR, JR., CHAIRMAN
SOUTHOLD TOWN PLANNING BOARD
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By Susan E. Long, Secretary
Attch.
cc: Town Board
Town ~ttorney
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AUG 29 REC'il
INsr'EC<l'ION REPJRT
To:
Raymond C. Dean, Superilltendent
Town Highway Depart:mE>nt
Southold, New York 11';)7]
No. 311
Date: ilUqust 2~L..lS83
F'ram: John \,]. Davis
Re: Peconic Knolls at peconi,;
Required work for release (,[ [JCrfonr.3w'C' LXl!1d
Ccmnents :
A 1Tk-"'eting was held on July 29, 1983 (5"'" dttachment) to agree on rc'-".ai"ing
work at the above sulxlivision.
'This work was rn:xlified at the request of tl-;.e Mosquito Ccmn.i.ssion as follcIdS:
1. In lieu of concrete headwalls Rt. and Lt. at tJ18 pipe crossing Sta 6 + 60:!:,
two 10 ft. lengths of 12" C.H.P. ~Icre installed at both sides of ble
crossing. Note: The pipe crossing as plact.'Cl by the ori.ginal cor-tractor
consisted of two 12" piiX' lines, not one 18" pipe line as shown on the
plans. The shoulder areas at the piFe ext.ensi(x,s have been graded.
2. I,1stead of installing 18" C.M.P. as noted i1, (2. ,July 29th ITl'-'Cting) the
ditch was backfilLed and 1'0 pipe wa." lc:id. This ditch rex] been excav"ted
to drain a ponding area at lots tJo. 1 and No.2. The pond area now has
been partially filled ir.. A short length of 12" C.!~.P., 10 fl-..:l: has Deen
extended iran the C.r. Sta 4 + 00 Lt. to LLe a)squito ditch sh<r..m on the
pl3ns.
The Onal work as sh.:.Mn in this report was approved by Mr. O<"m and myself and
I would recunm:"nd that release of t.he perfom'c'.:1::e bond be considered.
__L~+7~J/ dJU7.~
',~ ,John W. Davis
c.c. Southald To..n PlanninCj Ikurd
Highway Camlittee
L. M. Tuthill, P.E.
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i AUG 2 9 1983 I
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'reonie, N.I. 11958
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RAYMOND C. DEAN
COMMISSIONER
TEL. 7llS-314!l
734~11
July 29, 1983
Re: Peconic Knolls Subdivision at Peconic
A meeting was held on the above sulx1ivision site today to go
over renaining work to be required before release of the
perfonnance bond loJQuld be considered.
Present at the n-eeting: R. C. Dean, J. J. Nickles, J. J. Townsend,
J. W. Davis, J. DriSCOll and S. WaiIrey
It was agreed that the fOllowing work should be done before the
bond release is reccmnended.
1. Install concrete headwalls Rt. and Lt. on the pipe crossing
at Sta 6 + 60:!:. 1'he existing pipe shOUld be extended about 6 ft.
on both sides as the present ends are at the pavanent edges.
2. Place 18" C.M.P. in the present ditch along the pavanent from
the catch basin at Sta 4 + 00 Lt. to the existing drainage ditch,
approximately 60 L.P.
'uhlir Burks IJrpartmrtlt
mown of &out401b
JJtronir. N.I. 11958
RAYMOND C. DEAN
COMMISSIONER
TEL. 785-<3140
734-5211
RECi:i,cu
SEP23 m3
September 23, 1983
Tew"' C",;, S"utiloJd
Mrs. Judith Teny
Southold Town Clerk
Main Road
Southold, New York 11971
Re: peconic Knolls - Bond Release
Dear Mrs. Terry:
After reviewing Inspection Report #317 of
Mr. Jack Davis, I approve of the final work which
has been CCil1pleted at the above narned subdivision.
I recamnend release of the bond at this time.
V~.;r;y--trlI1:T)'ours ,
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U R<iyrro~. Dean
Superintendent of Highways
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Southold, N, Y. 11971
HENRY E. RAYNOR. Jr.. Chairman
FREDERICK E GORDON
JAMES WALL
BENNETT ORLOWSKI. Jr.
GEORGE RITCHIE LATHAM. Jr.
TELEPHONE
765 - 1938
October 23, 1980
Supervisor 1iilliam R. Pell III
Town Hall
Southold, New York 11971
Dear Supervisor Pell:
The Planning Board reviewed bonds for subdivisions on which
the time has expired according to TO\vn Law to complete the
improvements. The consensus of the Board was that these bonds
should not be extended and the matter be referred to the Town
Board for action.
Work has not commenced on the following:
Blue Horizons, Section I - expires 11/1/80
Blue Horizons, Section II - expires 11/1/80
Greenbriar Acres - expired 5/18/80
Peconic Knolls - expired 6/10/80
The following subdivisions are in various stages of
completion:
Greton Estates ~ expired 7/1/79
Lands End - expired 1/10/79
Sleepy Hollow Estates - expired 10/6/78
To,vn Harbor Terrace - expired 10/15/71
Yours truly,
HENRY E. RAYNOR, JR., CHAIRHAN
SOUTHOLD TOllli PLA}lliING BOARD
By Muriel Tolman, Secretary
Copy to Tovm Councilmen
-..-..............v,,' J.\..J.,;,LVL~J.
DATE: March 4. 1981
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TO:
Ravmond C. Dean, Superintendent
Town Highway Department
Southo1d, New York 11971
FROM: John W. Davis
NO. 163
CONMENTS:
RE: P.EX:ONIC KNOLLS at PECONIC
I met Mr. Steve 'll3ontakis on this subdivision site today. Mr. wamiey also present.
1. Grading on roadway was started t~day by Grefe Contracting, Inc. Grade elevations
Will he furnished by the owner so that plan profiles will be met.
2. Excavation for a house foundation has been started on Lot No.6.
3. Material in present rough graded roadway is not, sui table for pulvermixing.
Advised Ol.'I1er that 6" of compacted bank run will have to be placed on the
36 ft. width. Also that unstable areas are to be excavated and backfilled
with suitable material.
4. No curbing is shown on the plan roadway section. According to the aHner. he
received a waiver on the C'lrb req11irernent. Erosion will OCC\lr on the sides
at the steep grades ShOlOl1 for the beginning and end of the road.
5. Mr. 'll3ontakis intends to continue work on .he road. weather permitting. Pulver-
mixing.. however. cannot be done in the winter season.
C.C. SO'lthold Town Planning Board
C.C. Highwa:r. Commi ttee
C.C. L. M. TUthill, P.E.
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~ MAR - 51981 U
SOUTHOLD TOWN HWY.
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JUDITH T. TERRY
TOWN CLERK
REGISTRAR OF VITAL STATISTICS
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OFFICE O~,To\\'~~c;i.:E~K
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TOWN OF SOUTHOLD
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SUFFQLK COUNTY
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TELEPHONE
(516) 765-1801
Southo1d, L. I., N. Y. 11971
RECEIVED
June 24, 1980
JUL 7 1980
Republic Insurance Company
129 Fulton Street
New York, New York 10038
TOWlI Clerk Southold
Gentlemen:
The Town of Southold is presently holdirtgthe
bonds for roads and improvements in subdivisions.
if these bonds are still in force and effect.
below listed
Please advise
C.P.F. Land Corp., Bond ~lQl4, $90,000, Blue Horizons Section I
C.P.F. Land Corp., Bond #921015, $110,000, Blue Horizons Section II
~-
Greenbriar Homes Inc., Bond #~19456,_$142,000, Greenbriar Acres
at Mattituck.
Peconic Homes Corporation, Bond #917092, $50,000, Greton Estates
75 Highland Rd. Corp., Bond ~~1724~, $200,000, Highland Estates
Adelphi Land Corp., Bond #919n~0, $26,760, Peconic Knolls
R.E.C. Realty Co., Bond #9...2.BJ..O.4., $125,000, Richmond Shores at Peconic
Theodore Dowd, Bond Col. Ted Dowd
~Kwasneski and An~ Kwasneski, Bond #915530, $53,000, Sleepy HOllo~
Lorraine Hochman and Julius Hochman, Bond #916263, $20,000, Syloret
Estates.
Very truly yours,
P' JJ. J ..-----' ~
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Judith T. Terry
Town Clerk
~~. .
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ADELPHI LAND CORP.
P. O. BOX 791
MATTITUCK, NEW YORK 11952
July 11, 1977
Town Board
Town of Southold
Southold, New York 11971
Ref: Peconic Knolls
(Extension of Henry's Lane,
Peconic, New York)
Gentlemen:
Enclosed please find a sub-division Performance
Bond for the referenced sub-division. I pray that you will
find everything in order and approve the enclosed.
Yours truly,
~L~
SGT:dm
Ene.
CC: Planning Board
Steve G. T sontakis'