HomeMy WebLinkAboutBreakers at Lands End
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TOWN CLERK COpy
ELIZABETH A. NEVILLE
TOWN CLERK
REGISTRAR OF VITAL STATISTICS
MARRIAGE OFFICER
RECORDS MANAGEMENT OFFICER
FREEDOM OF INFORMATION OFFICER
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
Fax (631) 765-6145
Telephone (631) 765-1800
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
R E C E
P T
Original performance bond no. NR17688 issued by the North River
Insurance Company in the amount of $100,000.00, dated February 10, 1987
for roads and improvements in subdivision "The Breakers at Lands End"
is hereby released by Southold Town Board Resolution No. 60 on January
3, 2001.
Date
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Bond received by
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ELIZABETH A. NEVILLE
TOWN CLERK
REGISTRAR OF VITAL STATISTICS
MARRIAGE OFFICER
RECORDS MANAGEMENT OFFICER
FREEDOM OF INFORMATION OFFICER
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Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
Fax (631) 765-6145
Telephone (631) 765-1800
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 60 OF 2001 WAS
ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON
JANUARY 3, 2001:
RESOLVED that the Town Board of the Town of Southold hereby releases the performance
bond No. NRl7688 issued by the North River Insurance Company in 1987, in the amount of
$100,000.00 for the condominium project known as "The Breakers at Lands End." This project
was never built and has been replaced with a retirement community project in the name of
"Peconic Landing" for which a bond in the amount of $3,964,216.00 has been deposited at the
Suffolk County National Bank. This release is made all in accordance with the approval of the
Town Attomcy.
,n!~..~a~~fL.
Elizabeth A. Neville
South old Town Clerk
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nit.. NUt';,U1 I'..... vGl\. .J..1'i':;;'UhfU"'--C I...LA~.lt'I-\I.'lll.
492 Franklin Ave.
Nutley, New Jersey 07110
BOND NO.
NR17688 $ 100,000.00
KNOWN ALL MEN BY THESE PRESENTS: That we, the undersigned
Greenport Development Corp. as Principal, and
The North River Insurance Company a corporation of the State of New Jersey and
authorized to do business in the State of New Jersey, as Surety, are hereby held and
firmly bound unto the Town of Southold, New York , as Obligee, in the penal sum
of One Hundred Thousand Dollars & no cents. .
($ 100,000.00 ) Dollars for the payment of which, well and truly to be made we
hereby jointly and severally bind ourselves, our heirs, executors, administrators,
successors, and assigns.
WHEREAS, it is proposed to make certain
Sub Division
" The Breakers at Lands End"
Greenport, New York
WHEREAS, the Town of Southold, New York
execution and delivery of this bond.
has approved said plan upon the
NOW, THEREFORE, the condition of this obligation is such that if the above bounden
Principal shall construct the improvements shown above, and complete said work to
satisfaction of the Town of Southold, New York and in accordance with the present
standard specifications of the Town of Southold, New Yorktherefore, then this obligation
shall be void, otherwise the same remain in full force and effect; it being expressly
understood and agreed that the liability of the Surety for any and all claims hereunder
shall in no event exceed the penal a~ount of this obligation as herein stated.
Signed, sealed and dated
lath of February, 1987
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Insur~ce Company
Surety
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BY
Robert A.
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y-1n-Fact
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CERTIFICATE OF SOLVENCY UNDER SECTION 1111 OF THE NE.W YORK INSURANCE LAW
STATE OF NE.W YORK
INSURANCE DEPARlMENT
JAMES P. OJROJRAN
SUPERINTENDENT OF INSURANCE
It is he~eby ce~tified that
THE NORTH RIVER INSURANCE CCMPANY
of Mor~istown, New Jersey,
a cor~oration organized unde~ the laws of the State of New Je~sey, and duly
autho~ized to t~ansact the business of insu~ance in this State, is qualified
to become surety or gua~anto~ on all bonds, undertakings, ~ecognizances,
guaranties and other Obligations requi~ed o~ ~rmitted by law1 and that the
saia co~oration is ~ssessed of a ca~ital and su~lus including paid-in and
contributed surplus and unassigned funds (surplus) agg~egating the sum of
$129,871,646. (Capital $2,500,000.), as is shown by its swo~ financial
statement for the yea~ ended Decembe~ 31, 1985 on file in this Depa~tment,
~~ior to audit.
The said co~oration cannot lawfully expose itself to loss on anyone risk o~
hazard to an amount exceeding 10% of its su~lus to ~olicyholders, unless it
shall oe protected in excess of that amount in the manner provided in Section
4118 of the Insurance Law of this State.
In Witness Whereof,.I have
hereunto set ~i hand and affixed
the official seal of this Department
at the City of Albany, this
31st day of July, 1986.
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Notary Public
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THE NORTH RIVER INSURANCE COMPANY
TOWNSHIP OF MORRIS, NEW JERSEY
STATEMENT AS OF DECEMBER 31, 1985
ASSETS LIABILITIES AND SURPLUS
Bonds .............. $ 513,964,826 Losses and
Stocks: Adjustment
Preferred. . . . . . . . . . $ 14,590,835 Expenses. . . . . . . . . . $ 616,384,241
Common. . . . . . . . . . 195,137,447 209,728,282 Taxes and
Real Estate. . . . . . . . . . 35,561,528 Expenses. . . . . . . . . . 14,810,019
Cash and Bank Unearned
Deposits .......... 4,485,786 Premiums . . . . . . . . . 156,014,133
Short Term Other Liabilities. . . . . . 102,791,520
Investments. . . . . . . . 83,343,250 Capital. .. .. .. . . .. . . . $ 2,500,000
Premium Balances Paid in and
Receivable........ . 89,606,764 Contributed
Equities and Deposits Surplus.......... . 91,321,189
in Pools and Unassigned Surplus. . . 54,050,457
Associations . . . . . . . 2,619,856 Surplus to
Other Assets. . . . . . . . . 98,561,267 Policyholders ...... 147,871,646
Total Admitted Assets $1,037,871,559 Total Liabilities and Surplus 51,037,871,559
Bonds and Stocks are valued in accordance with the basis adopted by the National
Association of Insurance .Commissioners.
Securities carried at $82.387.854 in the above statement are deposited as required by law.
~TATE OF NEW JERSEY
COUNTY OF MORRIS
SS
GEORGE J. RACHMIEL, Senior Vice President & Treasurer and MICHAEL A. SANDRI,
Assistant Vice President of The North River Insurance Company being duly sworn, each for himself deposes and
says that they are the above described officers of the said Company and that on the 31st day of December, 1985 the
Company was actually possessed of the assets set forth in the foregoing statement and that such assets were available
for the payment of losses and claims and held for the protection of its policyholders and creditors, except as herein-
before indicated, and that the foregoing statement is a correct exhibit of such assets and liabilities of the said Company
on the 31st day of December, 1985 according to the best of their information, knowledge and belief, respectively.
Corpor.Uon'.
S..I
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Senior Vice President & Treasurer
~:1~t t1.~L<~
Assi.'ilonr Vh'e President
Sworn to and Subscribed before me this
2nd day of April, 1986
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CYNTHIA JO STEHLI
NOTARY PUBLIC OF NEW JERSEY
My Comml..lon Expire. Dec. 13, 1988
Nola,la.
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Greenport Developnent Corp.
Bond #NR17688
Please see attached Certificate of Solvency issued on behalf of
The North River Insurance Canpanp. E eEl V E D
APR 20 1987
Southold Town Clerk
TO
rThe Town of Southold
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
Attn: Judith T. Terry
L
UNNERSAL BONDING INSURANCE CO.
POST OFFICE BOX 539
NUTLEY. NEW JERSEY 07110
TELEPHONE: 201 - 661-1576
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POWER OF ATTORNEY
THE NORTH RIVER INSURANCE COMPANY
PRINCIPAL OFFICE, TOWNSHIP OF MORRIS, N.J.
KNOW ALL MEN BY THESE PRESENTS: That THE NORTH RIVER INSURANCE COMPANY ("Company") a corpor.
tion duly organized and existing under the laws of the State of New Jersey. and having its Principal office in the Township of
Morris, State of New Jersey, has made, constituted and appointed, and does by these presents make, constitute and appoint
Robert A. Nicosia, Richard L. Quackenbush, Mary L. Paluzzi, and Margaret A. Nicosia,
of Nut ley , New Jersey, each
its true and lawful Agent(s) and Attorney(sHn.Fact, with full power and authority hereby conferred in its name, place and
stead, to execute, seal. .cknowledge and deliver: Any and all bonds and undertakings----------------
-----------------------------------------------~-----------------------------------
and to bind the Company thereby as fully and to the same extent as if such bends had been duly executed and acknowledged
by the regularly elected officers of the Company at its principal office in their own proper persons.
This Power of Attorney limits the act of those named therein to the bonds and undertakings specifically named therein, and
they have no authority to bind the Company except in the manner and to the extent therein stated.
This Power of Attorney revokes all previous powers issued in behalf of the attorney(s)-in-fact named above.
IN WITNESS WHEREOF The North River Insurance Company has caused these presents to be signed and attested by its
appropriate officers and its corporate seal hereunto affixed this 6th day of August , 19 85.
Attest:
THE NORTH RIVER INSURANCE COMPANY
Assistan eret y
Richard A. Annese
STATE OF NEW JERSEY)
COUNTY OF MORRIS ) 55.:
day of August 19 85 ,before the subscriber, a duly qualified
tate of New Jersey. came the above-mentioned Vice President and Assistant Secretary of The North
r"cDe . to me personally known to be the officers described in, and who executed the preceding instru.
they ackn't! ed the execution of the same, and being by me duly sworn, deposed and said, that they are the
oNOllAfinpi/l'y foresaid, and that the seal affixed to the preceding instrument is the Corporate Seal of said
pany, ~ ~Jaid Cor rate Seal and their signatures as officers were duly affIxed and subscribed to the said Instrument
~aut"190~~,et dirltt . n of the s3ld Company.
IN S"'f1H.ONY F, I have hereunto set my hand and affixed my seal at the Township of MOrriS, the day and year
first a lis..";, 'X"J.. Ii SALLY J. DeCROCE
(Signed) NOTARY PUBLIC OF NEW JERSEY
ISea11 My Commission Expires Oct. 14. 1987
6th
,d~,-,
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tary Publit
.
.
This Power of Attorney is granted pursuant to Article V. of the By.Laws of THE NORTH RIVER INSURANC;:' CQ!v!PI\N'y
now in full force and effect.
ARTICLE V., Execution of Instruments: "The Chairman of the Board, Vice.Chairman of the Board, President, or any Vice.
President, in conjunction with "'the Secretary. or any Secretary, if more than one shall be appointed by the Board, or an
Assistant Secretary, shall have power on behalf of the Corporation:
(a) to execute, affix the corporate seal manually or by facsimile to, acknowledge, verify and deliver any contracts.
obligations, instruments and documents whatsoever in connection with its business including. without limiting the foregoing,
any bonds, guarantees, undertakings, recognizances. powers of attorney or revocations of any powers of attorney. stipulations,
policies of insurance, deeds, leases, mortgages. releases, satisfactions and agency agreements;
(b) to appoint, in writing, one or more persons for any or all of the purposes mentioned in the preceding paragraph
(a), Including affixing the seal of the Corporation,"
This Power of Attorney is signed and sealed under and by the authority of Article IV., Section 9. of the By.Laws of THE
NORTH RIVER INSURANCE COMPANY as now in full force and effect.
ARTICLE IV. Section 9. Facsimile Signatures: "The signature of any officer authorized by the Corporation to sign any bonds,
guarantees, undertakings, recognizances, stipulations, powers of attorney or revocations of any powers of attorney and
poliCies of insurance issued by the Corporation may be printed facsimile, lithographed, or otherwise produced.. . The
Corporation may continue to use for the purposes herein stated the facsimile signature of any person or persons who shall
have been such officer or officers of the Corporation, notwithstanding the fact that he may have ceased to be such at the time
when such Instruments shall be issued,"
CERTIFICATE
State of New Jersey
County of Morris
I, the undersigned. Assistant Secretary of THE NORTH RIVER INSURANCE COMPANY, DO HEREBY CERTIFY that the
foregoing POWER OF ATTORNEY remains in full force and effect and has not been revoked and furthermore that the above
quoted abstracts of Article V. and Article IV.. Section 9. of the By.Laws of the Company are now in full force and effect.
In Testimony Whereof, I have hereunto subscribed my name and affixed the corporate seal of the said Company, this
10th
day of
February
19~7
\
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JUDITH T. TERRY
Town Hall, 53095 Main Road
P.O. Box 1179
Southold. New York 11971
TOWN CLERK
TELEPHONE
(516) 765.180!
REGISTRhR OF VITAL STATISTICS
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
April 20,1987
Southold Town Planning Board
Southold Town Hall
Southold, New York 11971
Gentlemen:
The Southold Town Board, at thei r' regular meeting held on April
7, 1987, accepted the performance bond in the amount of $100,000 for
bluff plantings for the condominium proposal to be known as"Breakers
At Lands End" located at Greenport, provided the bonding company,
The North River Insurance Company, is authorized to do business in
the State of New York.
Today I received the attached "Certificate of Solvency under Section
1111 of the New York Insurance Law" certifying that the company is auth-
orized to transact the business of insurance in New York State, so you
may consider the $100,000 bond accepted by the Town Board.
Very truly yours,
~/r---"
Judith T. Terry
Southold Town Clerk
Attachment
cc: Richard Lark, Esq.
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JUDITH T. TERRY
TOWN CLERK
REGISTRAR OF VITAL STATISTICS
Town Hall, 53095 Main Road
P.O. Box 1179
Southold, New York 11971
TELEPHONE
(516) 765-18U1
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
April 9. 1987
Roger A. Quigley. Vice President
The North River Insurance Company
492 Franklin Avenue
Nutley. New Jersey 07110
Dear Mr. Quigley:
The Town of Southold is in receipt of Bond No. NR 17688. $100.000.00.
Greenport Development Corp. (copy enclosed) issued by your company.
Please submit to this office an official certification that The North
River Insurance Company is authorized to do business in" the State of
New York. Thank you.
Very truly yours.
~d~:r-
Judith T. Terry
Southold Town Clerk
Enclosure
cc: Southold Town Planning Board
Richard Lark. Esq.
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RESO LUTlON - APRI L 7, 1987
RESOLVED that the Town Board of the Town of Southold hereby amends their
Resolution No. 17, adopted this date, April '7, 1987, acceptinq the $100,000.00
performance bond from Greenport Development Corp. for the bluff plantings for
the condominium proposal to be known as "The Breakers at Lands End", located
at Greenport, New York to add the following: "Provided the bonding company,
The North River Insurance Company, Nutley, New Jersey, is' authorized to do
business in the State of New York.
.' ..,
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Y
Southold. N.Y. 11971
(516) 765-1938
April 2, 1987
Mr. Richard Lark
Attorney at Law
P.O. Box 973
Cutchogue, NY 11935
RE: Breakers at Land End
'Dear Mr. Lark;
-
The following action was taken by the Southold Town Planning
Board, Monday, March 30, 1987.
RESOLVED that the Southold Town Planning Board accept
and refer to the Town Board for acceptance the performance
bond in the amount of $100,000 for bluff plantings for the
condominium proposal to be known as_ "Breakers At Lands End"
located at Greenport.
If you have any questions, please don't hesitate to contact
our office.
Very truly yours,
~ O/L1.JJuJ~ (\,/
BENNETT ORLOWSKI, JR., C~A~~
SOUTH OLD TOWN PLANNING BOARD
By Diane M. Schultze, Secretary
Judith T. Terry
h~ bond
'cc.>1A~OJL~ (
J.QN 07 i985
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JUDITH T. 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
December 19, 1984
Southold Town Planning Board
Southold Town Hall
Southold, New York 11971
Gentlemen:
The Southold Town Board at their regular meeting held on
December 18,1984 approved the bond estimate in the amount of
$100,000.00 for the bluff plantings at "The Breakers at Island's
End", Greenport, New York.
Very truly yours,
tf:dk;:-........
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Judith T. Terry
Southold Town Clerk
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PRODUCER THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS
NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND,
Jacoby Associates, Inc. EXTEND OR ALTER THE COYERAGE AFFORDED BY THE POLICIES BELOW.
7 Old Westbury Rd.
East Hills, NY 11577 COMPANIES AFFORDING COVERAGE
COMPANY A General Accident
LETTER
COMPANY B
INSURED LETTER
Southwood Construction Corp. COMPANY C
LETTER
& Greenport Development Corp. etal
53 Glen Cove Rd. COMPANY D
Greenvale, NY 11548 LETTER
COMPANY E
LETTER
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THIS IS TO CERTIFY THAT POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED.
NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY
BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS, AND COND~
T,IONS OF SUCH POLICIES.
Col TYPE OF INSURANCE POLlCY NUMBEA POLICY EFFECTIVE POLICY EXPIRATION LIABILITY LIMITS IN THOUSANDS
L~R DATE (MMIDD/YY} DATE (MMJDDIYV) EACH AGGREGATE
OCCURRENCE
GENERAL LIABILITY BODILY
A X COMPREHENSIVE FORM GL0104314 3/1/87 3/1/88 INJUAY $ 500, $ 500,
X PREMISEs/OPERATIONS
- UNDERGROUND PAOPERTY
DAMAGE $ 250, $ 250,
x EXPLOSION & COllAPSE HAZARD
PRODUCTSlCOMPlETED OPERATIONS
X CONTRACTUAL BI & PO $ $
'x COMBINED
INDEPENDENT CONTRACTORS
t-x BROAD FORM PROPERTY DAMAGE
t-x PERSONAL INJURY PERSONAL INJURY $ 500,
/--
AUTOMOBILE LIABILITY BOOLY 1'...<. <r
r-- ANY AUTO INJUAY $
/-- lPERPERSON)
- All OWNED AUTOS (PRIV PASS) BOOLY
ALL OWNED AUTOS (OTHER THAN) INJURY $
- PRIV. PASS. (PERACQOHIT)
HIRED AUTOS PROPERTY
- NON-OWNED AUTOS DAMAGE $ .
- GARAGE LIABILITY
- 61 & PO
COMBINED $
EXCESS LIABILITY
A ~ UMBREllA FORM XC 42907 3/1/87 311/88 81 & PO $ 3,000 $ 3,000
COMBINED
OTHER THAN UMBRELLA FORM
STATUTORY I
WORKERS' COMPENSATION $ 100 ,lEACH ACCIDENT]
A AND WC 0118784-01 3/1/87 3/1/88
EMPLOYERS' LIABILITY $ 5 0 0 ,IDISEASE-POlICY LIMIT]
$ 100 ,IDISEASE-EACH EMPlOYEEj
OTHER
DESCRIPTION OF OPERATIONS/LOCATIONSNEHIClES/SPECIAL ITEMS
Town of Southold included as additional insured, as respects project
at Sound Ave., Greenport, Southold, NY
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.,.,~(t1::t.."if'R
Town of Southold
Town Hall
Southold, NY 11971
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EX-
PIRATION DATE THEREOF, THE ISSUING COMPANY WILL ENDEAVOR TO
MAIL 10 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMEO TO THE
LEFT, BUT FAILURE TO MAIL SUCH NOTICE SHALL IMPOSE NO OBLIGATION OR LIABILITY
OF ANY KIND UPON THE COMPANY, Irs AGENTS OR REPRESENT A liVES.
AUTHORIZED R IVE
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Subdivision Bonds (SafelY
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Planning Board (Town Depts.)
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