HomeMy WebLinkAboutThe Woods at Cutchogue
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JUDITH T. TERRY
TOWN CLERK
REGISTRAR OF VlTAL STATISTICS
MARRIAGE OFFICER
RECORDS MANAGEMENT OFFICER
FREEDOM OF INFORMATION OFFICER
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
September 22, 1995
F and F Depot Lane Corporation
4 Knoll Top Road
Stony Brook, New York 11790
Dear Sirs:
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
Fax (516) 765-1823
Telephone (516) 765-1800
The Southold Town Board, at a regular meeting held on September
19, 1995, released your $120,000 performance bond for roads and
improvements in the major subdivision of The Woods at Cutchogue. A
certified copy of that resolution is enclosed.
Very truly yours,
~~
Judith T. Terry
Southold Town Clerk
Enclosure
JUDITH T. TERRY
TOWN CLERK
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
Fax (516) 765-1823
Telephone (516) 765-1800
REGISTRAR OF VITAL STATISTICS
MARRIAGE OFFICER
RECORDS MANAGEMENT OFFICER
FREEDOM OF INFORMATION OFFICER
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION WAS ADOPTED BY THE
SOUTHOLD TOWN BOARD AT A REGULAR MEETING HELD ON SEPTEMBER 19, 1995:
RESOLVED that the Town Board of the Town of Southold hereby authorizes
the release of the $120,000 performance bond for roads and improvements
in the major subdivision of The Woods at Cutchogue, all in accordance with
the recommendation of the Southold Town Planning Board and Engineering
I nspector James Richter.
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Southold Town Clerk
September 20, 1995
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Richard G. Ward, Chairman
George Ritchie Latham, Jr.
Bennet! Orlowski, Jr.
Mark S. McDonald
Kenneth L. Edwards
Town Hall, 53095 Main Road
P. O. Box 1179
Southold, New York 11971
Fax (516) 765-3136
Telephone (516) 765-1938
PLANNING BOARD MEMBERS
PLANNING BOARD OFFICE
TOWN OF SOUTHOLD
September 12, 1995
Judith Terry, Town Clerk
Southold Town Hall
Main Road
Southold, NY 11971
RECEIVED
SEP 1 3 1995
SouthoId Town CIerI<
Re: Major subdivision for The Woods at Cutchogue
SCTM# 1000-102-1-4
Dear Ms. Terry:
The fOllowing resolution was adopted by the Southold Town Planning Board at a
meeting held on Monday, September 11, 1995:
BE IT RESOLVED that the Southold Town Planning Board recommend that the Town
Board release the Performance Bond Number 092179 for $120,000.00 for the
above mentioned subdivision. All required improvements have been completed.
Sincerely,
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Richard G. Ward
Chairman
enc.
cc: Ray Jacobs, Superintendent of Highways
James Richter, Engineering Inspector
F3X (516)-765-1750
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RAYMOND L. JACOBS
JAMES A. RICHTER, R.A.
SUPER I NTENOENT..
SOUTHOLD TOWN HIGHWAY DEP~RTME~T
E~GINEER[NG INSPECTOR
(516)-765-J070
OFFICE OF THE ENGINEER
TOW"N OF SOUTHOT~D
SEPTEMBER 5, 1995
Mr. l'1aymond L.
Superintendent
Peconic Lane,
Peconic, New
Jacobs
- Southold Town
P .0. Bo x 1 78
York 11958
Highway
Re: THE WOODS AT CUTCHOGUE
SCTM # 1000-102-01-4.15 & 4.16
Dear Ray:
My last report or final inspection concerning this project
stated that several minor items regarding the installation of the
street lights were required. All of these items have been taken
care of in a satisfactory manner. Enclosed you will find a copy of
the electrical underwriters certificate for the two street lights.
The only item I have not yet reviewed would be a legal
description identifying all roads, easements and natural drainage
areas. This item should be reviewed for accuracy prior to
acceptance of the roads for dedicat ion. As I understand it, a
resolution by the Town Board for acceptance of the two street
lights will also be required at dedication.
If you have any questions concerning this matter, p19ase
contact my office.
Enc.
cc:
Richard G. Ward
(Chairman - Planning Board)
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Judith T. Terry
(Town Clerk)
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LAURY L. DOWD
Town Attorney
Town Hall, 53095 Main Road
P. O. Box 1179
Southold, New York 11971
Fax (516) 765-1823
Telephone (516) 765-1800
OFFICE OF THE TOWN ATTORNEY
TOWN OF SOUTHOLD
April 28, 1995
Marilyn Pagan
International Fidelity Insurance Company
2~ Commerce Street
Newark, NJ 17102
Re: Your Bond Number 092179 for $120,000
Dear Ms. Pagan:
You have been in touch with Melissa Spiro of the Southold Planning Department
regarding the above bond which we hold to guarantee the improvement of roads
in the subdivision known as "The Woods at Cutchogue". You suggested to her
that you had closed the bond because the original bond had been returned.
Please be advised that the Town of Southold still holds the original bond and
has not returned it to you. The Town had merely consented to reduce the bond
from $319,680 to $120,000. The Town still holds the guarantee of International
Fidelity Insurance Company for obligations totalling $120,000. Please notify us
that you are willing and able to honor that commitment. Our alternative will be
to fully pursue our legal remedies.
Please contact me no later than May 5, 1995.
Very truly yours,
~~
Laury ~ ;tWd
Town ~ey
cc:
Melissa Spiro /
Town Clerk V
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THE WOODS AT CUTCHOGIU, '. .
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INTERNATIONAL FIDELITY INSURANCE COMPANY
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CONSENT
WE, F and F DEPOT LANE DEVELOPMENT CORP. of
4 KNOLL TOP ROAD, STONY BROOK, NEW YORK 11790 asP r in c i pal s
and the INTERNATIONAL FIDELITY INSURANCE COMPANY of 24 COMMERCE STREET,
NEWARK, NEW JERSEY 07102 as Surety on a certain bond dated Noverber 17,1988
and bearing the BOND NUMBER: 092179 and exe~uted and delivered
to the TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK
conditioned upon the installation of certain improvements within the time
and in the manner specified in said bond in the development of a plat
known as:
THE WOODS AT CUTCHOGUE
TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK
..
DO HEREBY CONSENT that the obligation of said bond be reduced from
$319,680.00 to $120,000.00
WE DO DECLARE AND AGREE that in all respects the said bond is to remain
in full force and effect in the amount of ONE HUNDRED TWENTY THOUSAND & 00/100-
--------'----------------------------------------------------------------$120,000.00
and shall be binding upon us and each of us in said reduced amount.
SIGNED, SEALED AND DATED THIS: Sep;tembeJt 11, 1991
RNATIONAL FIDELITY INSURANCE COMPANY
ATTORNEY-IN-FACT
R J' W BROKERAGE CORP
651 WILLOWBROOK ROAD
STATEN ISLAND, NEW YORK 10314
718-370-8600
BOND #R9Z179
dg
m mremowrn rn
1P 2 4 1991
SOUTHOLD TOWN
PLANNING BOARD
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On this
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to me known,
and known tel me to be the individual described in and who executed the foregoing instrument,and acknowledged to me that he executed
the same.
My commission expires
Notary Public
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State of
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County of
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to me known and known to me
to be a member of the firm of
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.
My commission expires
Notary Public
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State of
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County of
On this
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the corporation described" in and which executed the above instrument; that he knows the seal of said corporation; that the seal affixed to
said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said corporation, and that he signed his
name thereto by like order.
My commission expires
Notary Publ ie
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State of NEW JERSEY
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County of ESSEX
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On this
11TH
day of
SEPTEMBER
.19
91
, before me personally came
FRANK G. SOUTHWORTH
to me known, who, being by me duly sworn, did depose and say that
he is an attorney-in-fact of
the corporation described in and which executed the within instrument; that he knows the corporate seal of said corporation; that the seal
affixed to the within instrument is such corporate seal, and that he signed the said instrument and affixed the said seal as Attorney.in.Fact
by authority of the Board of Direc.tp~S.lq~~Ai.d corporation and by ,authority of this office under the Stan::Jing Resolutions thereof.
~IHflIOS
A NOTARY PlI1JCOFNEWJERSEY 1'.
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My commission expires .", '^"-ExpiesIeDt. 17._ , ." '7~./Y' _&<- fr--Cc-/)
, Notary Public
INTERNATIONAL FIVELITY INSURANCE COMPANY
FORM # 13
INTERNATIONAL FIDELITY INSURANCE COMPANY
24 COMMERCE ST., NEWARK, NEW JERSEY 07102
AT DECEMBER 31, 1990
STATEMENT OF ASSETS, LIABILITIES, SURPLUS AND OTHER FUNDS
ASSETS
Bonds (Amortized Value) ......................................
Preferred Stock. . . . . . . . . . . . . . . . . . \. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Common Stocks (Market Value) ................................
Mortgage Loans on Real Estate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Real Estate....... '.................................._.......
Cash & Bank Deposits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Short Term Investments ... ........... ... ......... ..... _......,
Unpaid Premiums & Assumed Balances. . . . . . . . . . . . . . . . . . . . . . . . . .
Reinsurance Recoverable on Loss Payments. . . . . . . . . . . . . . . . . . . . . .
Federal Income Tax Recoverable..............................
Electronic Data Processing Equipment. . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest & Dividends Due and Accrued...........................
Funds Held in Escrow Accounts. ... ..... ... ...... ........... ...
Collateral Funds Held Under Contract. . . .: . . . . . . .. . . . . . . . . . . . . . . .
Contract Balances Due and Unpaid..............................
TOTAL ASSETS .... ......... ..... ...............
LIABILITIES, SURPLUS & OTHER FUNDS
Losses (Reported losses net as to reinsurance ceded and
incurred but not reported losses) ..............................
Loss Adjustments Expenses....................................
Contingent Commissions & Other Similar Charges ................
Other Expenses (Excluding taxes. licenses and fees) ...... .,.........
Taxes. Licenses & Fees (Excluding Federal Income Tax). . . . . . . . . . . .
Unearned Premiums...........................................
Funds Held by Company Under Reinsurance Treaties. . . . . . . . . . . . . .
Accounts Withheld by Company for Account of Others ............
Liability for Unauthorized Reinsurance..........................
Liability for Uncashed Checks..................................
TOTAL LIABILITIES,..,.".,................"..
Common Capital Stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Preferred Capital Stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gross Paid-in & Contributed Surplus............................
Unassigned Funds (Surplus)....................................
Surplus as Regards Policyholders . . . . . . . . . . . . . . . . . . . .
TOTAL LIABIliTIES, SURPLUS & OTHER FUNDS
553.525.061
500.000
1.542.365
83.446
54.260
5.833,402
7.173.553
1.367.667
1.366.742
990.000
239.643
1.149,473
12.008.886
(12,008.886)
388.159
574.213.771
527.507.375
9.480.267
199.774
166.953
405.863
18.385.738
57.970
12.146
798.063
57
557.010.206
1.330.000
1.200.000
544.600
14.128.965
17.203.565
574.213.771
I, Francis L. Mitterhoff. President of INTERNATIONAL FIDELITY INSURANCE COMPANY. certify that the
foregoing is a fair statement of Assets. Liabilities. Surplus and Other Funds of this Company. at the close of business.
December 31. 1990. as reflected by its books and records and as reported in its statement on file with the Insurance
Department of the State of New Jersey.
IN TESTIMONY WHEREOF. I have set my hand and affixed the seal of
the Company. this February 28.1991.
INTERNATIONAL FIDELITY INSURANCE COMPANY
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JUDITH T. TERRY
TOWN CLERK
REGISTRAR OF VITAL STATISTICS
MARRIAGE OFFICER
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Town Hall, 53095 Main Road
P,O, Box 1179
Southold, New York 11971
Fax (516) 765-1823
Telephone (516) 765-1801
OFFICE OF 'rHE TOWN CLERK
TOWN OF SOUTHOLD
October 10, 1991
F and F Depot Lane Development Corp.
4 Knoll Top Road
Stony Brook, New York 11790
Gentlemen:
The Southold Town Board, at their regular meeting held on October
8, 1991, accepted your $120,000.00 Performance Bond No. R92179, which
bond is a reduction from the present $319,680.00 Performance Bond we have
been holding with respect to The Woods at Cutchogue. A certified copy
of the Board's resolution is enclosed.
I am returning herewith your $319,680.00 Performance Bond No. 092179
which expires on November 17, 1991, and the prior Bond No. 092179, dated
November 17, 1988, for $319,680.00 which expired on November 17, 1990.
Very truly yours,
~~
Judith T. Terry
Southold Town Clerk
Enclosures
cc: Planning Board
. '
JUDITH T. TERRY
TOWN CLERK
REGISTRAR OF VITAL STATISTICS
MARRIAGE OFFICER
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
Fax (516) 765-1823
Telephone (516) 765-1801
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION WAS ADOPTED BY THE
SOUTHOLD TOWN BOARD AT A REGULAR MEETING HELD ON OCTOBER 8, 1991:
RESOLVED that the Town Board of the Town of Southold hereby accepts
the $120,000.00 Performance Bond for The Woods at Cutchogue, which bond
is a reduction from the present $319,680.00 performance bond being held
by the Town Clerk, all in accordance with the Town Board's resolution of
June 18, 1991 authorizing said reduction as recommended by the Southold
Town Planning Board.
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Southold Town Clerk
October 10, 1991
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HARVEY A. ARNOFF
'Town Attorney
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SCOTI' L. HARRIS
Supervisor
MATI'HEW G. KIERNAN
Assistant Town Attorney
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Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
Fax (516) 765,1823
Telephone (516) 765-1800
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OFFICE OF THI): TOWN ATTORNEY
TOWN OF SOUTHOLD
October 9, 1991
Frank G. Southworth
I nternational Fidelity I nsurance Company
24 Commerce Street
Newark.. NJ 07102
Re: F & F Depot Lane Development Corp.
The Woods at Cutchogue
Bond No. 092179
Dear Mr. Southworth:
Pursuant to our conversation of October 9, 1991, and at your request,
enclosed please find a copy of the above-referenced bond.
As we discussed, the Planning Board and the Town of Southold are concerned
that this bond not lapse until all the improvements are satisfactorily completed.
I, therefore, would appreciate your confirmation that the subject bond is not a
bond that will lapse or expire but continues in force indefinitely until it is
released upon a resolution of the Town Board after completion of the required
improvement.
May we have your written response before October 17, 1991 so that we are
assured the Town's interests are protected. Should you have any questions,
please don't hesitate to call me.
..
Vi;)lYc' % ~~
Matthew G. Kiernan
ASsistarn Town Attorney
MGK:mls
Enclosure
cc: Bennett Orlowski, Jr. V"
Judith T. Terry, Town Clerk
Fuch & Fischetti
PLANNING BOARD MEMBERS
Benne't Orlowski, Jr., Chainnan
Gecrge Ritchie Latham, Jr.
Richard G. Ward
Mark S.McDonald
i,enneth L. Edwards
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SCOTT L. HARRIS
Supervisor
Tekphone (516) 765-1938
PLANNING BOARD OFFICE
TOWN OF SOUTHOLD
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
Fax (516) 765-1823
Certified Mail:
October 4, 1991
RECEIVED
OCTI 4 1991
Steven C. Fuchs
Joseph Fischetti
F and F Depot Lane Development Corp.
4 Knoll Top Road
Stony Brook, New York 11790
SouII1oId Town am
Re: Performance Guarantee for
The Woods at Cutchogue
Subdivision
W / s Depot' Lane,
Cutchogue, New York
SCTM ~ 1000-102-1-4
Dear Messeurs Fuchs and Fischetti:
The reduced performance guarantee for the Woods at
Cutchogue Subdivision (Bond ~ 092179 with the International
Fidelity Insurance Company) is due to expire on November 17,
1991.
since the improvements have not been completed, you must
extend the guarantee for at least another year. An extension of
this guarantee must be submitted to this office before the
November 17, 1991 expiration date.
Please be aware that due to the timing of the Town Board's
meetings, if the extension is not received by noon on
November 12, 1991, there will be a resolution before the Town
Board that afternoon to authorize the Town to draw on the Letter
of Credit if the extension is not received by noon on
November 17, 1991.
...-................~
If you have any questions, please contact either Valerie
Scopaz, Town Planner or Matthew Kiernan, Assistant Town Attorney.
Sincerely,
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Bennett Orlowski, Jr.
Chairman
cc: Frank G. Southworth, International Fidelity Ins. Co.
Matthew Kiernan, Assistant Town Attorney
Judith T. Terry, Town Clerk ~
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JUDITH T. TERRY
TOWN CLERK
REGISTRAR OF VITAL STATISTICS
MARRIAGE OFFICER
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
Fax (516) 765-1823
Telephone (516) 765-1801
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION WAS ADOPTED BY THE
SOUTHOLD TOWN BOARD AT A REGULAR MEETING HELD ON JUNE 18, 1991:
RESOLVED that the Town Board of the Town of Southold hereby authorizes
the reduction of the Performance Bond for The Woods at Cutchogue from
$319,680.00 to $120,000.00, all in accordance with the recommendation of
the Southold Town Planning Board.
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~~T. Terry
Southold Town Cler
June 19, 1991
PLANNING BOARD MEMBERS
Bennett Orlowski, Jr., Chairman
George Ritchie Latham, Jr.
Richard G. Ward
Mark S. McDonald
Kenneth L. Edwards
scon L. HARRIS
Supervisor
Telephone (516) 765-1938
PLANNING BOARD OFFICE
TOWN OF SOUTHOLD
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
Fax (516) 765-1823
June 6, 1991
Judi t:h T. Terry
Southold Town Clerk
Main Road
Southold, New York 11971
RECEIVID
JUN 7 1991
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RE: The Woods at Cutchogue
SCTM# 1000-102-1-4
Dear Mrs. Terry:
The fOllowing resolution was adopted by the Southold Town
Planning Board at a meeting held on Tuesday, June 4, 1991:
Be it RESOLVED that the Planning Board reduce the bond
estimate from $319,000.00 to $120,00.00, and recommend same to
the Town Board.
Please contact this office if you have any questions
regarding the above.
~Jd~,
Bennett Orlowski, Jr. ~'~5
Chairman
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THE WOODS AT CUTCHOGUJ;: .
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INTKl<NATIONAL to'lDKLITY INSURANCJj; COMPANY
CONTINUATION CERTIFICATE
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NEW.....K. h':'n ,d'.EY 07loa
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INTERNATIONAL FIDELITY INSURANCE COMPANY BOND NUMBER: 092179
PRINCIPAL: F AND F DEPOT LANE DEVELOPMENT CORP.
4 KNOLL TOP ROAD
STONY BROOK, NEW YORK 11790
CONTINUATION EFFECTIVE DATE: NOVEMBER 17, 1990 - NOVEMBER 17, 1991
BOND AMOUNT: $319,680.00
OBLIGEE: TOWN OF SOUTHOLD,
SUFFOLK COUNTY, NEW YORK
IT IS HEREBY UNDERSTOOD AND AGREED THAT THE CAPTIONED NUMBERED BOND IS
CONTINUED IN FORCE IN THE ABOVE AMOUNT FOR THE PERIOD OF THE CONTINUED
TERM STATED ABOVE AND IS SUBJECT TO ALL THE COVENANTS AND CONDITIONS OF
SAID BOND.
~
THIS CONTINUATION SHALL BE DEEMED A PART OF THE ORIGINAL BOND, AND NOT A
NEW OBLIGATION. NO MATTER HOW LONG THE BOND HAS BEEN IN FORCE OR HOW MANY
PREMIUMS ARE PAID FOR THE BOND, UNLESS OTHERWISE PROVIDED FOR BY STATUTE
OR ORDINANCE APPLICABLE.
IN WITNESS WHEREOF, THE COMPANY HAS CAUSED THIS INSTRUMENT TO BE DULY
SIGNED, SEALED AND DATED AS OF THE ABOVE "CONTINUATION EFFECTIVE DATE".
SIGNED, SEALED AND DATED THIS:
Veeemb~ 4, 1990
F AND F DEPOT LANE DEVELOPMENT CORP.
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INTERNATIONAL FIDELITY INSURANCE COMPANY
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R J W BROKERAGE CORP.
651 WILLOWBROOK ROAD
STATEN ISLAND, NEW YORK
718-370-8600
REO'!VED
10314
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INTERNATIONAL FIDELITY INSURANCE COMPANY
24 COMMERCE ST., NEWARK, NEW JERSEY 07102
STATEMENT OF ASSETS, LIABILITIES, SURPLUS AND OTHER FUNDS
AT JUNE 30,1990
ASSETS
Bonds (Amortized Value) ..............................
Preferred Stock......................................
Common Stocks (Market Value) ..... .... . ... . . ...... . ..
Mortgage Loans on Real Estate ........................
Real Estate ..........................................
Cash & Bank Deposits................................
Short Term Investments...............................
Unpaid Premiums & Assumed Balances .................
Reinsurance Recoverable on Loss Payments. . . . . . . . . . . . . .
Federal Income Tax Recoverable.......................
Electronic Data Processing Equipment ..................
Interest & Dividends Due and Accrued ..................
Funds Held in Escrow Accounts........................
Collateral Funds Held Under Contract ..................
Contract Balances Due and Unpaid .....................
,
Prepaid State & Local Insurance Taxes ..................
TOTAL ASSETS .................................
LIABILITIES, SURPLUS & OTHER FUNDS
Losses (Reported losses net as to reinsurance ceded and
incurred but not reported losses) ......................
Loss Adjustments Expenses............................
Contingent Commissions & Other Similiar Charges .......
Other Expenses (Excluding taxes, licenses and fees) . . . . . . . .
Unearned Premiums ........ ._....... .......... ... . . ...
Funds Held by Company Under Reinsurance Treaties .....
Amounts Withheld by Company for Account of Others ....
Liability for Unauthorized Reinsurance..... . . . . ..... . . ..
Liability for Uncashed Checks..........................
TOTAL LIABILITIES.............................
Common Capital Stock ...............................
Preferred Capital Slock ...............................
Gross Paid-in & Contributed Surplus. . . .. . . . . . . . . . . . . . . .
Unassigned Funds (Surplus) ...........................
Surplus as Regards Policyholders ....................
TOTAL LIABILITIES, SURPLUS & OTHER FUNDS
1990
$52.179,299
500.000
1,101,731
84,709
57,440
6,119,898
3,157,197
1,186,084
1,544,112
336,000
279,331
1,197,161
7,957,522
(7,957,522)
235,508
23,783
68,002,253
25,911,562
8,922,887
150,447
79,210
16,826,222
66,877
13,713
911,756
57
52,882,731
1,330,000
1,200,000
544,600
12,044,922
15,119,522
68,002,253
I, PHILIP KONVITZ, President of INTERNATIONAL FIDELITY INSURANCE COMPANY, certify
that the foregoing is a fair statement of Assets, Liabilities, Surplus and Other Funds of this Company, at the
close of business, June 30, 1990, as reflected by its books and records and as reported in its statement on file
with the Insurance Department of the State of New Jersey.
IN TESTIMONY WHEREOF, I have set my hand and affixed
the seal of the Company, this August 9, 1990.
INTERNATIONAL FIDELITY INSURANCE COMPANY
(j3fJ)j *~
President
, "
.',
HARVEY A, ARNOfF
. Town Attorney
SCOIT L. HARRIS
Supervisor
MATTHEW G. KIERNAN
Assistant Town Attorney
REr""v"'"
.. ......ti t;__.
OFFICE OF THE TOWN ATTORNEY
TOWN OF SOUTHOLD
Town HaU, 53095 Main Roa'
P.O. Box 1179
Southold, New York 11971
Fax (516) 765-1823
Telephone (516) 765-1800
NO'I ", 'lg9U
. \ 6 L'
~,...."fJ....,,;_! ~c" ,..: _.l.
INTER-OFFICE MEMO
FROM THE TOWN ATTORNEY'S OFFICE
TO:
Judith T. Terry. Town Clerk
FROM:
DATE:
Matthew G. Kiernan. Assistant Town
November 23. 1990
RE:
The Woods at Cutchogue
As you will recall. the Town Board passed a resolution on November 15.
1990. authorizing the Supervisor to draw on the performance bond for "The
Woods at Cutchogue" because the work had not been completed and the Board
was advised that the bond was due to expire on November 17. 1990. A copy of
this resolution is attached hereto.
After further investigation. however. it was learned that. in fact. the
bond was not due to expire on November 17. 1990 but that it will remain in
effect until it is released. following completion of the work. upon a Town Board
resolution. Consequently. I advised the Supervisor not to present the attached
resol ution .
JUDITH T. TERRY
TOWN CLERK
REGISTRAR OF VITAL STATISTICS
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
FAX (516) 765-1823
TELEPHONE (516) 765-1801
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
THIS IS TO CERTIFY THAT THE FOllOWING RESOLUTION WAS ADOPTED BY THE
SOUTHOlD TOWN BOARD AT A REGULAR MEETING HELD ON NOVEMBER 13. 1990:
WHEREAS, the Planning Board has advised the Town Board that
guarantee for "The Woods at Cutchogue" (Bond #092179 in
$319,680.00) is due to expire on November 17, 1990; and
WHEREAS, the Planning Board has further advised the Town Board that the con
struction of the public improvements guaranteed by the aforesaid bond has not
been completed; and
WHEREAS, a request by the Planning Board to the developers to extend the
guarantee has not been complied with;
NOW, THEREFORE, BE IT RESOLVED that the Town Board of the Town of
Southold hereby authorizes the Supervisor to present this resolution to
I nternational Fidelity I nsurance Company, drawing on the Performance Bond in
an amount to be determined after inspection by the Town's Engineering Inspector,
to determine the work yet to be completed;
AND BE IT FURTHER RESOLVED that in the event an extension to the
the performance
the amount of
Performance Bond is received by the Town Clerk prior to 12 Noon on November
16, 1990, the Supervisor is directed not to present this resolution drawing on this
bond.
d.~~~ ~~o<---
~T. Terry
Southold Town Clerk
November 15. 1990
. ,
PLANNING BOARD MEMBERS
Bennell Orlowski, Jr., Chairman
George Ritchie Latham, Jr.
Richard G. Ward
Mark S. McDonald
Kenneth L. Edwards
T.6.
rYf
. '
SCOTI L. HARRIS
Supervisor
Telephone (516) 765-1938
PLANNING BOARD OFFICE
TOWN OF SOUTHOLD
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
Fax (516) 765-1823
October 9, 1990
Joseph Fischetti
Steven C. Fuchs
F and F Depot Lane Development Corp.
4 Knoll Top Road
Stony Brook, New York 11790
RECEIVED
OCT'l 0 1990
Southold T ~'''- rio.\
RE:
Performance Guarantee for
The Woods at Cutchogue
Cutchogue, New York
SCTM#1000-102-1-4
Dear Messrs. Fischetti and Fuchs:
The performance guarantee (Bond #092179) for "The Woods at
Cutchogue" is due to expire on November 17, 1990. With this
letter, we are requesting that the guarantee be extended for
another two years, because the construction of public
improvements has not been completed.
The extension must be received by October 17, 1990. If an
extension is not received by this date, a draft resolution to
draw on the bond will be sent to the Town Board for action at
their November 13, 1990 meeting.
If you have any questions, please contact the Town
Attorney's office at 765-1939.
Very truly yours, I
~tJO~'r . .
Bennett Orlowski, Jr. ~5
Chairman
cc: The International Fidelity Insurance Company
Matthew Kiernan, Assistant Tow~ Attorney
Judith T. Terry, Town Clerk v'
,.
.'
JUDITH T. TERRY
TOWN CLERK
REGISTRAR OF VITAL STATISTICS
, .
. .
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
FAX (516) 765-1823
TELEPHONE (516) 765-1801
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION WAS ADOPTED BY THE
SOUTHOLD TOWN BOARD AT A REGULAR MEETING HELD ON NOVEMBER 13, 1990:
WHEREAS, the Planning Board has advised the Town Board that
guarantee for "The Woods at Cutchogue" (Bond #092179 in
$319,680.00) is due to expire on November 17, 1990; and
WHEREAS, the Planning Board has further advised the Town Board that the
construction of the public improvements guaranteed by the aforesaid bond has not
been completed; and
WHEREAS, a request by the Planning Board to the developers to extend the
guarantee has not been complied with;
NOW, THEREFORE, BE IT RESOLVED that the Town Board of the Town of
Southold hereby authorizes the Supervisor to present this resolution to
I nternational Fidelity I nsurance Company, drawing upon the Performance Bond in
an amount to be determined after inspection by the Town's Engineering Inspector,
to determine the work yet to be completed;
AND BE IT FURTHER RESOLVED that in the event an extension to the
the performance
the amount of
Performance Bond is received by the Town Clerk prior to 12 Noon on November
16, 1990, the Supervisor is directed not to present this resolution drawing on this
bond.
~-/~~~~
/"'J~dith T. Terry
Southold Town Clerk
November 15, 1990
..
. ,
~~/
PROFESSIONAL ENGINEER
HOBART ROAD
SOUTHOLD, NEW YORK 11971
516-765-2954
November 15, 1990
.'
'---:i'.
. ,
Bennett Orlowski, Jr
Chairman
Southold Planning Board
Southold, New York 11971
RE: The Woods at Cutchogue SCTM '1000-102-1-4
Dear Mr. Orlowski,
With regard to your November 13, 1990 letter, please note that a
Fax is to arrive to your offices today from the bonding company
stating that the bond is in place for the term of the project. I
would like to clarify to you that there is some misunderstanding as
to the time limit on a performance bond.
Please note that a performance bond by definition does not have a
,-time limit. The bonding company can only release it, or terminate
.. it with the concent of the Town. The time on the bond is only for
purposes of paying premiums, requiring no need for the board to
st nsions.
.----...
Fischetti, P.E.
e Woods at Cutchogue
~:
Asst. Town Attorney
PLANNING BOARD MEMBERS
Bennett Orlowski, Jf.. Chairman
George Ritchie Latham, Jr.
Richard G. Ward
Mark S. McDonald
Kenneth L Edwards
JJ1Jf)
scon L HARRIS
Supervisor
Telephone (516) 765-1938
PLANNING BOARD OFFICE
TOWN OF SOUTHOLD
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
Fax (516) 765-1823
MEMORANDUM
TO:
Judith T. Terry, Town Clerk
FROM:
Bennett Orlowski, Jr., Chairman
~ p.t-l r/S
RE:
Performance Guarantee for The Woods at Cutchogue
SCTM # 1000-102-1-4
DATE:
November 13, 1990
The Planning Board has not received an extension of the
performance guarantee for this major subdivision. The
developers were notified by letter, a copy of which is attached
for your convenience. As noted in the letter, a resolution to
draw on the bond must be acted on by the Town Board at this
evening's meeting because the bond expires on November 17, 1990.
It would be appreciated if you would place the fOllowing
draft resolution (or a similarly worded draft) on the Town
Board's agenda for the November 13, 1990 meeting.
BE IT RESOLVED That due to the failure of the principals to
complete all required public improvements as shown on the
resolution prepared by the Southold Planning Board dated
November 1, 1988, the Town Board shall draw on Bond #092179 of
the International Fidelity Insurance Company on November 17,
1990 unless the Town Clerk shall have received an extension of
this Performance Guarantee for a two year period to end on
November 17, 1992.
A copy of the Planning Board's October 9th letter to the
developers, and the performance guarantee are enclosed for your
convenience.
cc: Matthew Kiernan
"
'J
(
'. '
( 'LANNING BOARD MEMBERS
Bennell Orlowski. Jr.. Chairman
George Ritchie Lalham. Jr.
Richard G. Ward
Mark S. McDonald
Kenneth L. Edwards
Scon L. HARRIS
Supervisor
Telephone (516) 765-1938
PLANNING BOARD OFFICE
TOWN OF SOUTHOLD
Town Hall. 53095 Main Roa.
P.O. Box 1179
Southold. New York 11971
Fax (516) 765-1823
October 9, 1990
Joseph Fischetti
Steven C. Fuchs
F and F Depot Lane Development Corp.
4 Knoll Top Road
Stony Brook, New York 11790
RE: Performance Guarantee for
The Woods at Cutchogue
Cutchogue, New York
SCTM#1000-102-1-4
Dear Messrs. Fischetti and Fuchs:
(
The performance guarantee (Bond #092179) for "The Woods at
Cutchogue" is due to expire on November 17, 1990. With this
letter, we are requesting that the guarantee be extended for
another two years, because the construction of public
improvements has not been completed.
The extension must be received by October 17, 1990. If an
extension is not received by this date, a draft resolution to
draw on the bond will be sent to the Town Board for action at
their November 13, 1990 meeting.
If you have any questions, please contact the Town
Attorney's office at 765-1939.
Very truly yours,
BE::~f!:(7<^' r 1"5
Chairman
r
<-
cc: The International Fidelity Insurance Company
Matthew Kiernan, Assistant Town Attorney
Judith T. Terry, Town Clerk
.
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1 N TEll N A T iON A I. I' 1 J) g J. 1 T Y 1 N S U II A N C F. (,OM I' ANY
SUITE 333
2. COMMERCE STREET
NEWARK. NEW JERSEY 071.02
TELEPHONE,824.1200
AREA CODE 20 I
KNOW ALL HEN BY THESE PRESENTS, That We, F and F DEPOT LANE
of 4 KNOLL TOP ROAD, STONY BROOK, NEW YORK 11790
an d STEVEN C. FUCHS & JOSEPH FISCHETTI
Co-Principals and the INTERNATIONAL FIDELITY INSURANCE COHPANY, a
New Jersey corporation authorized to do business in the State of New York,
having an office and principal place of business at 24 COHMERCE STREET,
NEWARK, NEW JERSEY 07102 as Surety, are held and firmly bound unto the
TOWN OF SOUTHOLD, Suffolk County, New York as Obligee in the sum of:
THREE HUNDRED NINETEEN THOUSAND SIX HUNDRED EIGHTY & 001100-------------------------
--$319680.00 Dollars, lawful money of the United States of America for
the payment of which sum, the said Prin~ipal and Surety bind themselves,
their successors and assigns, firmly by these presents.
DEVELOPMENT CORP.
as Principals
as
SI GNED, SEALED AND DATED THIS: 17th DAY O~ NOVEMBER, 1988
(
WHEREAS, the said Principal has made application to the Planning Board
of the Town pf Southold for a building permit for a parcel described
as: THE WOODS AT CUTCHOGUE
IN THE TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK.
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION is such that if the
said Principals F and F DEPOT LANE DEVELOPMENT CORP.
shall beginning Two (2) years from today this 17th DAY of NOVEMBER, 1988
and ending the 17th DAY of NOVEMBER; 1990 well and truly
perform and comply with' the following: CONSTRUCT the public improvements
a~ shown on Resolution prepared by SOUTHOLD Planning Board dated
NOVEMBER 1, 1988 attached herto and made apart hereof then
this obligation shall be void, otherwise to remain in full force and
e ffe ct.
The Principal and Surety, for value received, hereby stipulate and
agree that their liabi.i.ity under this bond shall in no way be enclJmbered~
affected, or released by any extension granted by the Obligeeof time .
within which the bonded work is to be completed nor by any resolution
of the Town of Southold formally reducing the amount of this bond.
NO party other than i~e Obligee shall have any rights hereunder as
against the Surety.
The aggregate liability of the Surety on the bond obligation shall
exceed the sum thereof for any cause or reason whatsoever.
not
, ,
CO-PRINCIPALS
F AND F DEPOT LANE DEVELOPt1ENT CORP.
,I
~
s-t-~ ~cW--
INTERNATIONAL FIDELITY INSURANCE COMPANY
~ '/2
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///~ /' //'l'./ _< .
~;/' ~...J7?"../~ V t'"::::
nf"'n.....n"r 1.1 "....., r-I"'l r".. /1....._,........,...." ~., ................
l\l,j U L:, r\ I ....,. 11. U L C 1\, .) j. 1'\ I I \.. t<.I'! C. , - .111 - I tH... I
BON D #
092179
Me
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,
ITEM
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
1'6.
n.
18.
19.
20.
SBB NO.87163
S/2
( /'
"
,: ,;
Octo'.C/' r ' 9 1988
{i .,
BOND ESTIMATE FOR
"THE WOODS" MAJOR SUBDIVI SION AT CUTCHOGUE
S.C.T.M. NO. 1000-102-1-4
SBB NO. 87163
UNIT
DESCRIPTION QUANTITY PRICE
Clearing and Grubbing 1.2 AC 2,500.00
Unclassified Excavation 1,950 C.Y. 6.00
Saw Cut 50 L.F. 3.00
Fill For Ro adway 800 C. Y. 8.00
Fine Grading 5,500S.Y. 1.50
18" RCP 1,140 L.F. 30.00
Catch Basins 8 EA. 3,500.00
Manholes 4 EA. 3,000.00
Leaching Basins - 8' Diam. 96 V.F. 250.00
Concrete Curb 3,520 L.F. 10.00
Dense-Graded Aggregate
Base Course- 4" Thick 610 C.Y. 40.00
Bituminous Pavement
Binder Course~ 2 1/2" Thick 765 Tons 60.00
Bituminous Pavement
Wearing Course- 1 1/2" Thick 460 Tons 60.00
Topsoil and Seeding 1,180 S. Y. 5.00
Street Lights 9 EA. 2,000.00
Direct Burial Cable 1,760L.F. 2.00
Street Signs 2 EA. 250.00
Street Trees
88 EA.
200.00
Concrete Monuments
17 EA.
80.00
"--
Planning Board additions
Firewell
AMOUNT
$ 3,000.00
11,700.00
150.00
$ 6,400.00
8,250.00
34,200.00
28,000.00
12,000.00
24,000.00
35,200.00
24,400.00
45,900.00
27,600.00
5,900.00
18,000.00
3,520.00
500.00
17,600.00
1.360.00
12,000.00
'T.
SUB TOTAL = 319,680,~0
5% INSPECTION FEE = ~984,'OO
'"
TOTAL = 335,664.00
Sheet 1 of 1
.~. -
- (
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,-
,
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-,~
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,
-,
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
TELEPHONE
(516) 765-1938
PLANNING BOARD OFFICE
TOWN OF SOUTHOLD
November 1, 1988
Judith Terry
Town Clerk
Southold, NY 11971
RE: The Woods at Cutchogue
SCTM 11000-102-1-4
Dear Mrs. Terry:
The following action was taken by the Southold Town
Planning Board on Monday, October 31, 1988.
RESOLVED that the Southold Town Planning Board send to the
Town Board the Bond Estimate in the amount of $335,664.00, which
includes the inspection fee, and recommend acceptance of the
bond for the subdivision of The Woods at Cutchogue.
If you have any questions, please do not hesitate to
contact this office.
Ver~uly Yo~rs,U
/- " 1/
c:::.',l..- " " '/ ' /.
~d7j) a". "'./ .
BENNETT,ORLOWSKI,JR.
CHAIRMAN
enc.
cc: .Joe Fischetti
jt
--
-..
JUDITH T. TERRY
TOWN CLERK
REGISTRAR Of. VITAL STATISTICS
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
FAX (516) 765-1823
TELEPHONE (516) 765-1801
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
January 3, 1989
F & F Depot Lane Development Corp.
4 Knoll Top Road
Stony Brook, New York 11790
Gentlemen:
The Southold Town Board, at their regular meeting held on December
27, 1988, accepted your performance bond in the amount of $319,680.00 for
roads and improvements in the major subdivision of The Woods at Cutchogue.
Very truly yours,
~ ---
JUdithT.~~
Southold Town Clerk
cc: Planning Board
, '
JUDITH T. TERRY
TOWN CI.ERK
REGISTRAR OF VITAL STATISTICS
Town Hall, 53095 Main Road
P.O. Box 1179
South old, New York 11971
FAX (516) 765-1823
TELEPHONE (516) 765-1801
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION WAS ADOPTED BY THE
SOUTHOLD TOWN BOARD AT A REGULAR MEETING HELD ON DECEMBER 27, 1988:
RESOLVED that the Town Board of the Town of Southold hereby accepts the
$319,680.00 bond for roads and improvements in the major subdivision of The
Woods at Cutchogue, all in accordance with the Town Board's resolution of
November 1, 1988 approving the bond amount.
d../~d~ ~
~~~-
Southold Town CI~r~
January 3, 1989
,I . .,
, ." ~..
, ,
, ,
JUDITH T, TERRY
TOWN CLERK
REGISTRAR OJ- VITAL STATISTICS
Town Hall, 53095 Main Road
P,O. Box 1179
Southold, New York 11971
TELEPHONE
(516) 765.1801
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
THIS IS TO CERTIFY THAT THE FOllOWING RESOLUTION WAS ADOPTED BY THE
SOUTHOLD TOWN BOARD AT A REGULAR MEETING HELD ON NOVEMBER 1, 1988:
RESOLVED that the Town Board of the Town of Southold hereby approves
the amount of $319,680.00 for a bond for roads and improvements in the
major subdivision of The Woods at Cutchogue, all in accordance with the
recommendation of the Southold Town Planning Board and Sidney B. Bowne
& Son, Engineers.
~""~~
.......-.~
Judith T. Terry
Southold Town Cler
November 2, 1988
! l ...
, .., .
". .
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, Nl'w York 11971
TELEPHONE
(516) 765-1938
, ,
lliCIIoJID
PLANNING BOARD OFFICE
TOWN OF SOUTHOLD
NaV 1_
SIMIo..1.f T.- ~
November 1, 1988
Judi 1:h Terry
Town Clerk
Southold, NY 11971
RE: The Woods at Cutchogue
SCTM *1000-102-1-4
Dear Mrs. Terry:
The following action was taken by the Southold Town
Planning Board on Monday, October 31, 1988.
RESOLVED that the Southold Town Planning Board send to the
Town Board the Bond Estimate in the amount of $319,680.00, which
includes the inspection fee, and recommend acceptance of the
bond for the subdivision of The Woods at Cutchogue.
If you have any questions, please do not hesitate to
contact this office.
~rU1Y YoUrs ~v
.--,.l. ~
L:7.?lJ.f /: ~~
~.~ A f." 1/ C. ,/~,,,. 'l-
"'l/YV"tj/,r ~ V ~
BENNETT ORLOWSKI,JR.
CHAIRMAN
enc.
cc: ~roe Fischetti
jt
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. .
(
.
'/
Octor~ 19, 1988 '.
BOND ESTIMATE FOR
"THE WOODS" MAJOR SUBDIVI SION AT CUTCHOGUE
S.C.T.M. NO. 1000-102-1-4
SBB NO. 87163
,
"
.\' ") ..
, '
THE WOODS AT CUTCHOGUE'
1 N TEll N A T iON A I. Fin E I. 11' Y INS U II A NeE C () M I' ANY
SUIT! 333
24 COMMERCE STREET
NEWAnJ<. NEW JERSEY 07102
TELEPHONE: 8a4.7200
AREA. CODE 201
KNOW ALL MEN BY THESE PRESENTS, That We, F and F DEPOT LANE
of 4 KNOLL TOP ROAD, STONY BROOK, NEW YORK 11790
an d STEVEN C. FUCHS & JOSEPH FISCHETTI
Co-Principals and the INTERNATIONAL FIDELITY INSURANCE COMPANY, a
New Jersey corporation authorized to do business in the State of New York,
having an office and principal place of business at 24 COMMERCE STREET,
NEWARK, NEW JERSEY 07102 as Surety, are held and firmly bound unto the
TOWN OF SOUTHOLD, Suffolk County, New York as Obligee in the sum of:
THREE HUNDRED NINETEEN THOUSAND SIX HUNDRED EIGHTY & 00/100------------------------_
--$319680.00 Dollars, lawful money of the United States of America for
the payment of which sum, the said Prin~ipal and Surety bind themselves,
their successors and assigns, firmly by these presents.
DEVELOPMENT CORP.
as Principals
as
SIGNED, SEALED AND DATED THIS: 17th DAY O~ NOVEMBER, 1988
WHEREAS, the said Principal has made application to the Planning Board
of the Town pf Southold for a buifding p~rmit for a parcel described
as: THE WOODS AT CUTCHOGUE
IN THE TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK.
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION is such that if the
said Principals F and F DEPOT LANE DEVELOPMENT CORP.
shall beginning Two (2) years from today this 17th DAY of NOVEMBER, 1988
and ending the 17th DAY of NOVEMBER;'1990 well and truly
perform and comply with' the following: CONSTRUCT the public improvements
as shown on Resolution prepared by SOUTHOLD Planning Board dated
NOVEMBER 1, 1988 attached herto and made apart hereof then
this obligation shall be void, otherwise to remain in full force and
effect.
The Principal and Surety, for value received, hereby stipulate and
agree that their liabt~Aty under this bond shall In no way be encumbered,
affected, or released by any extension granted by the Obligeeof time
within which the bonded work is to be completed nor by any resolution
of the Town of Southold formally reducing the amount of this bond.
NO party other than ihe Obligee shall have any rights hereunder as
against the Surety.
,) i
The aggregate liability of the Surety on the bond obligation shall ~ot
exceed the sum thereof for any cause or reason whatsoever.
.. ~
, ,
CO-PRINCIPALS
F AND F DEPOT LANE DEVELOPMENT CORP.
s-t-~ CJF:J.v.--
INTERNATIONAL FIDELITY INSURANCE COMPANY
~'" "
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BON D #
092 179
Me
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State of
AI"""
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y~) V~
}u.
~ County of_ ,C: ~ it
c: . ..u.. ')... 88
i " On this l -.:; ~ day of ~,.. .19_. before me personally came
~ 1 ~~ue."" c. ~clo\..s ~ <3. <;e.\, ~ ;:t ~L . . to me known.
- ~ and known to me to be the individual described in and who executed 'the foregoing instrument. and acknowledged tome that he executed
the same. ELIZABETH ANN NEVIlle
Notary Public, State of New Yorlc
No. 62-8126850. Suffolk ~ty
TermExpirea0ct0ber3t.l~
My commission expires
..y-,; Q .-,;]
,'[; i/,;'Irr:r/ Il'h', /. .,.(Iff(
'--=-:;1 - otary Public, _____________
--------------------------------------------------------
State of
County of
}u,
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~ to be a member of the firm of.
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.
On this
day of
19_. before me personally came
to me known and known to me
My commission expires
. Notary P~lic _________ ____
----------------------------------~------------------ --
State of
County of
} $S.
On this
1'S-B
day of
~.
. 19 ~.8 before me personally came
~
6 ~ S-t:e.v <.. "'-
0; .,
f. _~
~ 1 who being by me duly sworn, did depose and say that he is the ~'r-t.""lA.<MA
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the corporation descr!bea in and which executed the above i trument; that he k ows the seal of said corporation; that the sell affixed to
said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said corporation. and that he signed his
name thereto by like order.
c
f=' v c..k So
. to me known.
My commission expires
Notary Public
------~---------------------------------------------------------------
State of
New JeJ1.!>elj
} $S.
County of
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Ji ~ he is an attorney.in.factof In:t:eJtnationa.l FJ.deLi;tlj In<luJ!.anc.e Co.
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~ the corporation described in and which executed the within instrument; that he knows the corporate seal of said corporation; that the seal
<( affixed to the within instrument is such corporate seal, and that he signed the sai<.linstrument and affixed the said seal as Attorney.in.Fact
by authority of the Board of Directors of said corporation and by authority of this offiCe under the Sta,,:ling Resolutions thereof.
ab/4f /0 Lk~e~
Notary Public
On this
7.th
day of
Vec..
88
.19
. before me personally came
Robvr.t W. AcLe.eJt Sit.,
to me known, who. being by me duly sworn. did depose and .ay that
EILEEN C. DUMCHUS
MV commission e~iNQTA~V PtJgU~ Sf NUl JEft5rt
FORM # 13 Y Comml~slOn Expires Mar. 9, 1993
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INTERNATIONAL FIDELITY INSURANCE COMPANY
24 COMMERCE ST., NEWARK, NEW JERSEY 07102
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STATEMENT OF ASSETS, LIABILITIES, SURPLUS AND OTHER FUNDS
AT JUNE 30, 1988
ASSETS
Bonds (Amortized Value) , , , , , , , .. , .. , .. , , , , , , , , , , .. , , , , , , .. ,
Common Stocks (Market Value) ..............................
Mortgage Loans on Real Estate. . . . .. . . . . . . . . . . .. . . . . .. . . . . . . .
Real Estate. . .. . . . . . . . . .. . . . . . .. . .. . .. . . . . . . . . . . . . . . . . . . . .
Cash & Bank Deposits "",..,""'"""""",..""".."
Short Tenn Investments .....................................
Unpaid Premiums & Assumed Balances. . . . . . . . . . . . . . . . . . . . . . . .
Reinsurance Recoverable on Loss Payments. . . . . . . . . . . . . . . . . . . . .
Electronic Data Processing Equipment . . . . . . . . . . . . . . . . . . . . . . . . .
Interest & Dividends Due and Accrued. . .. . .. . . . . . . . . . . . . . .. . . .
Equity in Pools and Associations. . . . . . . . . . . . . . . . . .. . .. . . . . . . . .
Funds Held in Escrow Accounts ..............................
CoUateral Funds Held Under Contract. . . . . . . . . . . . . . . . . . . . . . . . .
Contract Balances Due and Unpaid. . . . . . . . . . . . . . . . . .. . . . . . . .. .
'IDTALASSETS"""..,..""",..,..",..", ,
LIABILITIES, SURPLUS & OTHER FUNDS
Losses (Reported losses net as to reinsurance ceded and
incurred but not reported losses) ............................
Loss Adjustments Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contingent Commissions & Other Similar Charges. . . . . . . . '_,~ . . . . .
Other Expenses (Excluding taxes, licenses and fees) ..............
Taxes, Licenses & Fees (Excluding Federal Income Tax). . . . . . . . . . .
Federal & Foreign Income Taxes (Excluding Deferred Taxes). . . . . . .
UneamedPremiums....................................... .
Funds Held by Company Under Reinsurance Treaties . . . . . . . . . . . . .
Accounts Withheld by Company for Account of Others. . . . . . . . . . . .
Liability for Unauthorized Reinsurance. . . . . . . . . . . . . . . . . . . . . . . . .
Liability for Uncashed Checks. ...............................
'IDTALLIABILlTlES """"""""""""'"
Common Capital Stock......................................
Preferred Capital Stock. . . . . . . . . . . . . . , . .. . . . . . . . . . . . . . . . . . . .
Gross Paid-in & Contributed Surplus ..........................
Unassigned Funds (Surplus). . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . .
Surplus as Regards Policyholders. . . . . . . . . . . . . . . . . . .
'IDTAL LIABILITIES, SURPLUS & OTHER FUNDS
$35,713,792
1,077,976
89,288
64,330
3,825,684
1,222,711
2,235,207
1,486,590
227,449
907,127
186
6,165,537
(6,165,537)
248,222
$47,098,562
$15,627,841
4,688,985
111,773
56,641
208,217
40,000
15,570,691
50,000
37,591
997,680
57
$37,389,476
1,330,000
1,200,000
544,600
6,634,486
9,709,086
$47,098,562
I, PHILIP KONVITZ, President of INTERNATIONAL FIDELITY INSURANCE COMPANY, certify that the foregoing
is a fair statement of Assets, Liabilities. Surplus and Other Funds of this Company, at the close of business, June 30, 1988,
as reflected by its books and records and as reported in its statement on file with the Insurance Department of the State of
New Jersey.
IN TESTIMONY WHEREOF, I have set my hand and affixed the seal of the
Company, ihis August 10, J 988.
INTERNATIONAL FIDELITY INSURANCE COMPANY
(ftlU2{j }{<4
President
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JUDITH T. TERRY
TOWN CLERK
REGISTRAR OF VlT AL STATISTICS
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
FAX (516) 765.1823
TELEPHONE (516) 765.1801
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
January 3, 1989
F &F Depot Lane Development Corp.
4 Knoll Top Road
Stony Brook, New York 11790
Gentlemen:
The Southold Town Board, at their regular meeting held on December
27, 1988, accepted your performance bond in the amount of $319,680.00 for
roads and improvements in the major subdivision of The Woods at Cutchogue.
Very truly yours,
~ ~
Judith T.~~
Southold Town Clerk
cc: Planning Board
.'
~
JUDITH T. TERRY
TOWN CLERK
REGlSTRAR OF VIrAL STATISTICS
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
FAX (516) 765.1823
TELEPHONE (516) 765.1801
OFFICE OF THE TOWN CLERK
TOWN OF SOUfHOLD
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION WAS ADOPTED BY THE
SOUTHOLD TOWN BOARD AT A REGULAR MEETING HELD ON DECEMBER 27, 1988:
RESOLVED that the Town Board of the Town of Southold hereby accepts the
$319,680.00 bond for roads and improvements in the major subdivision of The
Woods at Cutchogue, all in accordance with the Town Board's resolution of
November 1, 1988 approving the bond amount.
d../~d~ ~
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Southold Town CI~r# -
January 3, 1989
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Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
TELEPHONE
(516) 765-1801
JUDITH T. TERRY
TOWN CLERK
REGISTRAR OJ: VITAL STATISTICS
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION WAS ADOPTED BY THE
SOUTHOLD TOWN BOARD AT A REGULAR MEETING HELD ON NOVEMBER 1, 1988:
RESOLVED that the Town Board of the Town of Southold hereby approves
the amount of $319,680.00 for a bond for roads and improvements in the
major subdivision of The Woods at Cutchogue, all in accordance with the
recommendation of the Southold Town Planning Board and Sidney B. Bowne
f; Son, Engineers.
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~T. Terry
Southold Town Cler
November 2, 1988
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Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
TELEPHONE
(516) 765-1938
RECEIVED
PLANNING BOARD OFFICE
TOWN OF SOUTHOLD
;~ov 1 1900
~"I..j Tnwn Cfn<!:
November 1, 1988
Judith Terry
Town Clerk
Southold, NY 11971
RE: The Woods at Cutchogue
SCTM *1000-102-1-4
Dear Mrs. Terry:
The following action was taken by the Southold Town
Planning Board on Monday, October 31, 1988.
RESOLVED that the Southold Town Planning Board send to the
Town Board the Bond Estimate in the amount of $319,680.00, which
includes the inspection"fee, and recommend acceptance of the
bond for the subdivision of The Woods at Cutchogue.
If you have any questions, please do not hesitate to
contact this office.
Very::;:truly yours./") /J ./") /1
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BENNETT ORLOWSKI, JR. .
CHAIRMAN
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cc: Joe Fischetti
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Octo''-~ 19 1988
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BOND ESTIMATE FOR
"THE WOODS" MAJOR SUBDIVI SION AT CUTCHOGUE
S.C.T.M. NO. 1000-102-1-4
SBB NO. 87163
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