HomeMy WebLinkAboutDubnerTown of Southold - Letter
Board Meeting of .lune 20, 2006
RESOLUTION 2006-559
ADOPTED
Item # 29
DOC ID: 1951
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 2006-559 WAS
ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON
JUNE 20, 2006:
RESOLVED that the Town Board of the Town of Southold hereby accepts the Certificate of
Deposit #5200009277~ in the amount of $34~185.00, from Steven Dubner for the proposed
clustered Conservation Subdivision, based on the Southold Town Planning Board's
recommendation, dated June 14, 2006.
Elizabeth A. Neville
Southold Town Clerk
RESULT: ADOPTED [UNANIMOUS]
MOVER: William P. Edwards, Councilman
SECONDER: Albert Krupski Jr., Councilman
AYES: Evans, Wickham, Ross, Edwards, Russell, Kmpski Jr.
Generated .lune 23, 2006 Page 51
· PLANNING BOARD MEMBERS
JERILYN B. WOODHOUSE
Chair
KENNETH L. EDWARDS
MARTIN H. SIDOR
GEORGE D. SOLOMON
JOSEPH L. TOWNSEND
PLANNING BOARD OFFICE
TOWN OF SOUTHOLD
MAILING ADDRESS:
P.O. Box 1179
Southold, NY 11971
OFFICE LOCATION:
Town Hall Annex
54375 State Route 25
(cor. Main Rd. & Youngs Ave.)
Southold, NY
Telephone: 631 765-1938
Fax: 631 765-3136
June 14,2006
Elizabeth A. Neville, Town Clerk
Town of Southold
P.O. Box 1179
Southold, NY 11971
Re:
Proposed Clustered Conservation Subdivision for Steven Dubner
Located on the s/s/o County Road 48 and the e/s/o Cox's Lane, approximately
1,320' west of Bridge Lane, in Cutchogue
SCTM#s1000-84-4-6.1 Zone A-C
Dear Ms. Neville:
The following resolution was adopted at a meeting of the Southold Town Planning
Board on Monday, June 12, 2006:
RESOLVED, that the Southold Town Planning Board accepts the Certificate of
Deposit #5200009277 in the amount of $34,185 and recommends same to the
Town Board.
Please add this item to the June 20th Town Board Meeting Agenda.
If you have any questions regarding the above, please contact this office.
Senior Planner
Encl.
THE BRIDGE GROUP
Bridgehampton National Bank
54970 Main Road
PO. Box 1567
Southold, NY 11971
'lbl (631) '765-1500
Fax (631) 765-1605
w~v. bridgenb.com
April 25, 2006
Mr. Anthony Tj.e~[
e Engineer
uthold
NY
Dear Anthony,
Please be advised that we have placed a hold on CD#5200009277 in t11¢ amount of $34,185.00.
The CD is in the name of Steven Dubner. A hold will remain on the Certificate of Deposit until
we receive written notification from an authorized representative of the Town of Southold.
Very [~ly yours, /( (/~c~-j
Na~cy~Messer
Agreed:
Steven Dubncr
Town of Southold
Acknowledged:
Anthony Trna '7'-,"¢~'~
2006
Certificate Inquiry Page I of 2
Certificate 520009277 - STEVEN DUBNER
rOll STEVEN DUBNER
140 HALF HOLLOW RD
DIX HILLS NY 11746
Tax Name: [1] STEVEN DUBNER
Rel Bi~thdate Phone Tax Identification
P NOV 23, [HI 777-1800 SSN 056-34-2154
1942
Account Classification ~,
Portfolio: 140911 Responsibility Code: [35] Janet Oddo
Product: [50350] REGULAR 1 YR OR Account Type Code: [0]
LESS
Accounting Branch: [1] Main Office
Warnings ,~
Fund~eld: $~4~1185.00
Account Ma ntenance S rice Last Update
Summary ~'
Memo Balance: $0.00 Term: 365 Days
Current Balance: $34,185.00 Maturity Date: Mar 30, 2007
Interest Balance: $180.76 Last Anniversary Mar 30, $34,185.00
2006:
Redemption Amount: $34~.:33.36 Last Deposit Mar 30, 2006: $34,185.00
Forfeiture: $232.40 Original Issue Date: Mar 30, 2006
Current Rate: 2.7500%
$34,185.00
($34,185.00)
Memo Balances ~
Current Balance:
Less Holds:
Memo Ledger Balance: $0.OO
Holds '~
Amount Reason Expiration Date
'~ $34,185.00 HELD AS COLLATERAL-SOUTHOLD TOWN Mar 30, 2007
Interest
Current Accrued Interest:
Date Accrued Through:
Date Next Interest:
Interest Payment Frequency:
Interest Payment Method:
Days Into This Period:
Previous Accrued Interest:
Net Interest Adjustment:
Interest This Period;
Total Days This Period:
$180.76 Current Rate: 2.7500%
]un 07, 2006 Current Effective Rate: 2.7571%
Mar 29, 2007 Deposit Rate Index: [45] 365DAY/13-17MONTH
CD
At Maturity Compounding Code: Daily
Compound Reg DD Compound Interest Frequency
Frequency:
70 Interest Method: [0] Date of Deposit-365/365
$178.17 Interest Reporting Code: 1099-INT
$0.00 Withholding Code: No Withholding
$0.00 Rate Change Frequency: At Maturity
365 Rate Change Method: [BI Variable Rate
Base Rate: 2.7500%
Maturity Rate Method: Current Rate
Maturity Date: Mar 30, 2007
Interest Cycle Rates
Mar 30, 2006 2.7500%
http://navigator.iti.flservne.net/COD_CODll51/CODll51.aspx?Action=BALANCES&X... 6/8/2006
T, hig CertificateSTEVEN DUBNER
Certificate Number 520009277
Evidences A SSN/TIN 056-34-2154
Deposit In The 140 HALF HOLLOW RD D/O/B 11/23/1942
Name(s) Of:
Account Number 520009277
Date 03/30/2006
In The Amount Of Thirty-four Thousand One Hundred Eightwfive And 00/100 dollars $ 34185.00
ACCOUNT TYPE AND TERMS - Only the boxes that are checked and the lines that are filled in apply.
Term (Initial)~65 Days [~] Day Minimum Notice ~ Single Maturity IX]Automatically Renewable
Maturity Date (First) 03/30/2007
Interest Rate (Initial)2.75O0
Compounded
Interest Calculated 365 /365
No. Endorsements Required For Withdrawal 1
Interest Paid At Maturity
(a) ~By
(b) [~By Deposit To Acct. No.
D~'~ixed Rate [~3 Min. Balance Req. $
[~V'ariable Rate: Initial Index Rate % Maximum Rate
Minimum Rate % First Adjustment Date
Adjustment Frequency
Rate Formula
BY
BRIDGEHAMPTON NATIONAL BANK
2200 MONTAUK HWY - BOX
GENERALLY: "We" and "us" means the financial institution. "You"
and "your" means the depositor(s). "Certificate" means both th s
original iustrmnent as well as the deposit it shows. This certificate (and
the account it represents) ur minimum notice account may not be
transferred or assigned without our prior written consent and is not
negotiable.
VARIABLE INTEREST RATE: Your deposit will earn interest at the
initial interest rate stated on this certificate to the first adjustment date.
Then. and on each succeeding adjustment date, the rate this certificate
will earn is subject to be increased or decreased according to the
fom~ula described on this certificate. The rate will remain the same
between interest a.djustment dates.
If the "first adjustment date" is phrased in terms of "index change"
this means the first adjustment date and the rate adjustment frequency
after tile first adjustment date are not regularly scheduled. In th!s case,,,
the rate this certificate will earn will be adjusted any time the index
cha.{~,h~.interest,,oo~ rate we will pay on this certificate will not, however, be
greater than the stated maximum rate (if any) or be less than the stated
minimum rate (if any) regardless of changes m the index rate.
COMPOUNDING: The compounding frequency and interest
calculation method will not change during the term of the certificate,
regardless of adjustments 1o the interest rate, until we give reachable
notice to you of such change.
DEFINED DAY MINIMUM NOTICE ACCOUNT: If we have
~pecified a number of days and checked the minimum notice box, then
his account has no definite maturity date. To withdraw all or any
portion of the account balance without penalty you must give us notice
of your ntent on to withdraw funds from this account. We must actually
receive the notice at least the minimum number of days stated above
before you may make a withdrawal. Your notice may be in writing or by
such other means as we may permit, and must specify the amount and
date of intended withdrawal. Interest ~wilI [~]will ilo longer accrae
after the withdrawal date specified in your notice on that purtion of the
account ba ance then ava labia for withdrawal.
We may terminate this account by written notice to you of our
intention to do so, mailed (or otherwise delivered in person) not less
than days before the termination date, and no interest will accrue
after the t~ination date.
SINGLE MATURITY: If the single maturity box is checked, you
should present this certificate promptly at maturity for payment.
Interest ~ will ~ will not accrue after ~naturity.
AUTOMATIC RENEWALS: If the automatic renewal box is checked,
this certificate will be autmnatically renewed after the stated maturity
date for successive terms, each equal to the original term. The interest
rate will be the same we offer on new certificates on the maturity date
which have the same term, minimum balance (if any) and other features
as this original certificate. You may call us on or shortly, before the
maturity date and we will tell you what the interest rate will be for the
next renewal term.
The automatic renewal of this certificate may be prevented if one of
the tbllowing things happens:
(1) This certificate is personally presented for payment on a maturity
date or within days after the maturity date; or
(2) We receive written notice from you before a maturity date of their
intention to cash in this certificate.
YOUR DEPOSIT ~ WILL ~ V~ILL NOT EARN INTEREST
AFTER FINAL MATURITY.
Endorsements (Sign only when requesting withdrawal):
If any withdrawal reduces the account balance below the "minimum
balance required," the remaining balance in the account will earn
interest at tbe annual rate of % until the account balance
again equals or exceeds the "minimum balance required."
[~dditions: If checked, you may make additions to this account in an
amount equal to or greater than $ at
any time.
~!S, dditious To Minimmn Notice Aceoants: An addition to a
minimum notice account will not be permitted if at the time of the
propDsed addition, a request for withdrawal is pending which would,
within the minimum notice period following the proposed addition,
reduce the account balance below the minimum balance required. If
this account has a miniznum notice of at least seven and not more
than 31 days, additional deposits must remain in this account for a
period equal to at least the notice period belbre such funds may be
withdrawn without the imposition of an early withdrawal penalty.
[~Addltious to Single Maturity and Automatically Renewable
Accounts (check one):
[~Your addition must remain on deposit for a period of time which
is not less than the original term of this certificate. This means
that your next (and each succeeding) maturity date will be the
date which follows the date of the addition by a period of time
equal to the original term of this account.
[~3Your addition must remain on deposit for a period of time which
is not less than the original term of this certificate. This means
that the first (but not succeeding) maturity date for the addition
will be the second regularly scheduled maturity date following the
date of the addition. Thereafter all funds on deposit for the
per od of time equal to at least the original term will have the
same maturity date.
[~Your addition will not extend the maturity of all, or any portion,
of the funds on deposit. Additions will earn interest from the date
of deposit, and will mature at the same time as the first deposit.
~c3982, 1990 Bankers Systems, Inc., St. Cloud, MN (1-800-397 23411 Form 7/31CDLAZ NY 8/1/94 7/31 CERTIFICATE OF DEPOSIT /page I of ~1