HomeMy WebLinkAboutEstates at Royalton -r�
DENIS NONCARROW ,�� 6�.�p, Town Hall,53095 Main Road
TOWN CLERK ® P.O.Box 1179
Southold,New York 11971
REGISTRAR OF VITAL STATISTICS ® Fax(631)765-6145
MARRIAGE OFFICER � Telephone(631)765-1800
RECORDS MANAGEMENT OFFICER "�► www.southoldtownny.gov
FREEDOM OF INFORMATION OFFICER
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
-- - ---- = -- - - August 31, 2023
EI 011 987 770 US
Mr. Peter Tambussi
TD Bank,NA
Attn: Global Trade Finance
Standby Letter of Credit
6000 Atrium Way
Mt. Laurel,NJ 08054
RE: Letter of Credit#20009524
Dear Mr. Tambussi:
Enclosed find the above letter of credit which has now been release per the
recommendation of the Southold Town Planning Board and Engineer.
I have also enclosed the Town Board resolution allow for the release.
If you have any questions, please feel free to contact me at the Town Clerk's Office..
Very truly yours
Lynda M Rudder
Deputy Town Clerk
Encs.
cc: Mr. Steve Libretto
Planning Department
RESOLUTION 2023-735
ADOPTED DOC ID: 19431
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 2023-735 WAS
ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON
AUGUST 29,2023:
RESOLVED, that the Town Board of the Town of Southold hereby approves, upon the
recommendation of the Southold Town Planning Board and the Office of the Town Engineer,the
release of the performance guarantee for the Estates at Royalton Standard Subdivision, held in
the form of Letter of Credit No. 20009524 issued by TD Bank in the amount of one hundred six
thousand and fifty dollars ($106,050.00) and any accrued interest, all in accordance with the
approval of the Town Attorney.
Denis Noncarrow
Southold Town Clerk
RESULT: ADOPTED [UNANIMOUS]
MOVER: Greg Doroski, Councilman
SECONDER:Jill Doherty, Councilwoman
AYES: Nappa, Doroski, Mealy, Doherty, Evans, Russell
^- =. TD Bank
America's Most Convenient Bank®
Global Trade Finance
6000 Atrium Way Ll tdbank.com
Mount Laurel,NJ 08054
T 888 751 9000
F 856 533 6545
January 14, 2021
IRREVOCABLE STANDBY LETTER OF CREDIT NO. 20009524
EXPIRATION DATE: December 31, 2021
The Town of Southold
Town Hall Annex
54375 State Route 25
Southold, NY 11971
Re: Marratime Capital, LLC
We hereby establish our Irrevocable Standby Letter of Credit No. 20009524 in favor of The.Town of
Southold, hereinafter referred to as "Beneficiary", at the request of Marratime Capital, LLC, hereinafter
referred to as "Applicant", in an amount not to exceed in the aggregate One Hundred Six Thousand Fifty
and 00/100 ($106,050.00) U.S. Dollars.
Funds are available by your draft on us at sight bearing the clause: "Drawn under TD Bank, N.A. Letter of
Credit No. 20009524 dated January 14, 2021"and accompanied by the following documents:
1. This original Letter of Credit and any amendments thereto.
2. A statement purportedly signed by the Township Engineer stating that:
"Marratime Capital, LLC has not performed in accordance with the terms and conditions of that
certain Site Improvement Agreement between Marratime Capital, LLC and the Town of Southold."
It is a condition of this Letter of Credit that it will be extended automatically, without amendment, for
additional periods of one (1) year from the present or each future expiration date, unless at least thirty
(30) days prior to the then current expiration date, we notify you in writing by overnight courier, at the
above address, that we elect not to renew this Letter of Credit for said additional period.
This Letter of Credit sets forth in full the terms of our undertaking and such undertaking shall not in any
way be modified, amended or amplified by reference to any document, instrument or contract referred to
herein or in which this Letter of Credit is referred to or to which this Letter of Credit relates, and any such
reference shall not be deemed to incorporate herein by reference any document, instrument or contract.
We hereby agree that draft(s) drawn under and in compliance with the terms of this Letter of Credit will be
duly honored upon receipt of documents as specified above, which may be presented in person or sent
via overnight courier at our office located at 6000 Atrium Way, Mt. Laurel, NJ 08054 on or before the
expiration date noted above or any extended date.
Except so far as otherwise expressly stated herein, this Letter of Credit is subject to the "Uniform
Customs and Practice for Documentary Credits (2007 Revision) International Chamber of Commerce,
Publication No. 600."
TD Bank, N.A.
07 1 t uJ {
Peter Tambussi
Assistant Vice President
TD Bank
America's Most Convenient Bank°
k_ Global Trade Finance
6000 Atrium Way RECEIVED tdbank.com
Mount Laurel,NJ 08054
T 888 751 9000
F 856 533 6545
JA N 2 2 202
Southold Town Clerk
January 14, 2021
The Town of Southold
Town Hall Annex
54375 State Route 25
Southold, NY 11971
Re: Irrevocable Standby Letter of Credit No. 20009524
Marratime Capital, LLC
Ladies & Gentlemen:
We're writing to let you know the above-referenced letter of credit was issued in your
favor. The original letter of credit is enclosed.
Please address all correspondence regarding this letter of credit to:
TD Bank, N.A.
Attn: Global Trade Finance
Standby Letter of Credit
6000 Atrium Way
Mt. Laurel, NJ 08054
Be sure to mention our letter of credit number in any correspondence.
If you have any questions, please call me at 1-856-533-6524 Monday through Friday,
9am - 5pm. Thank you for your cooperation.
Sincerely,
r
jl (:04�;t k
Peter Tambussi
Standby Letter of Credit Department
Encl.
cc:Marratime Capital,LLC
t"
Southold Town Board - Letter Board Meeting of March 23, 2021
RESOLUTION 2021-227 Item# 5.18
ADOPTED DOC ID: 16909
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 2021-227 WAS
ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON
MARCH 23, 2021:
RESOLVED that the Town Board of the Town of Southold hereby accepts the Irrevocable
Standby Letter of Credit (ISLC) issued by TD Bank in the amount of$106,050.00 for the
approved Clustered Standard Subdivision entitled "The Estates at Royalton", SCTM#1000-113-
7-19.23, located at 55 Cox Neck Road, Mattituck, as recommended by the Southold Town
Planning Board, subject to the approval of the Town Attorney.
Elizabeth A. Neville
Southold Town Clerk
RESULT: - ADOPTED [UNANIMOUS]
MOVER: Sarah E.Nappa, Councilwoman
SECONDER:Jill Doherty, Councilwoman
AYES: Nappa, Dinizio Jr, Doherty, Ghosio, Evans, Russell
Generated March 25, 2021 Page 28
Rudder, Lynda
From: Michaelis,Jessica
Sent: Thursday,January 28, 2021 9:07 AM
To: Rudder, Lynda
Subject: RE: Bond
Yes, the new one replaces the older one.
Thank you,
Jessica Michaelis, Office Assistant
Southold Town Planning Department
54375 NYS Route 25
P.O. Box 1179
Southold,NY 11971
Phone: 631-765-1938
Email:JessicaM e.southoldtownny.gov
From: Rudder, Lynda <lynda.rudder@town.southold.ny.us>
Sent:Thursday,January 28, 20218:42 AM
To: Michaelis,Jessica <jessicam@southoldtownny.gov>
Subject: RE: Bond
Of course not O
From: Michaelis,Jessica <jessicam@southoldtownny.gov>
Sent:Thursday,January 28, 20218:19 AM
To: Rudder, Lynda <Iynda.rudder town.southold.ny.us>
Subject: RE: Bond
Did you talk to anyone here about this bond?
Thank you,
Jessica Michaelis, Office Assistant
Southold Town Planning Department
54375 NYS Route 25
P.O. Box 1179
Southold, NY 11971
Phone: 631-765-1938-
Email:
31-765-1938Email:JessicaMasoutholdtownny.gov
From: Rudder, Lynda <Ivnda.rudder@town.southold.ny.us>
Sent: Friday,January 22, 20218:29 AM
To: Michaelis,Jessica <iessicam southoldtownny.gov>
Subject: RE: Bond
Got it. Can the one we have on file be released now?
1
From: Michaelis,Jessica <iessicam southoldtownny.gov>
Sent:Thursday,January 21, 20211:30 PM
To: Rudder, Lynda <Ivnda.rudder town.southold.nv.us>; Doroski, Bonnie <Bonnie.Doroski@town.southold.ny.us>
Subject: Bond
I interofficed you the attached irrevocable letter of credit.We received it here today.
Thank you,
Jessica Michaelis, Office Assistant
Southold Town Planning Department
54375 NYS Route 25
P.O. Box 1179
Southold,NY 11971
Phone: 631-765-1938
Email:JessicaM@southoldtownny.gov
2
Southold Town Board - Letter Board Meeting of December 15, 2020
RESOLUTION 2020-806 Item# 5.8
ADOPTED DOC ID: 16612
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 2020-806 WAS
ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON
DECEMBER 15,2020:
RESOLVED that the Town Board of the Town of Southold hereby accepts the revised
Subdivision Bond Estimate in the amount of$106,050.00 for the Standard Subdivision entitled
"The Estates at Royalton", SCTM 41000-113-7-19.23, located at 55 Cox Neck Road,
approximately 490 feet North of Sound Avenue, Mattituck, as recommended by the Southold
Town Planning Board, subject to the approval of the Town Attorney.
Elizabeth A. Neville
Southold Town Clerk
RESULT: ADOPTED [UNANIMOUS]
MOVER: Sarah E. Nappa, Councilwoman
SECONDER:Louisa P. Evans, Justice
AYES: Nappa, Dinizio Jr, Doherty, Ghosio, Evans, Russell
Generated December 17, 2020 Page 17
Bank of America��
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BANK OF AMERICA - CONFIDENTIAL PAGE: 1
SCRANTON STANDBY
TRADE OPERATIONS PA6-580-02-30
1 FLEET WAY JANUARY 4, 2019 RECEIVED
SCRANTON PA 18507
JAN 1 4 2019
IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER: 68131518
Southold Town Clerk
BENEFICIARY APPLICANT
THE TOWN OF SOUTHOLD 55 COX NECK ROAD REALTY, LLC
TOWN HALL ANNEX 350 MOTOR PARKWAY
54375 STATE ROUTE 25 SUITE 309
(COR. MAIN ROAD AND YOUNGS AVE) HAUPPAUGE, NY 11788
SOUTHHOLD, NY 11971
PLEASE BE INFORMED THAT, IN ACCORDANCE WITH THE TERMS OF THE
ABOVE LETTER OF CREDIT NO. 68131518 WE HAVE ELECTED NOT TO
EXTEND THE CREDIT, AND CONSEQUENTLY, THE CREDIT WILL ULTIMATELY
EXPIRE ON FEBRUARY 28, 2019 .
IF YOU REQUIRE ANY ASSISTANCE OR HAVE ANY QUESTIONS REGARDING
THIS NOTIFICATION, PLEASE CALL 800-370-7519
BANK OF AMERICA, N.A.
AU HORIZED SIGNATURE
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SCRANTON STANDBY DATE: SEPTEMBER 25, 2018
TRADE OPERATIONS PA6-580-02-30 OUR LC NUMBER: 68131518
1 FLEET WAY YOUR REFERENCE:
SCRANTON PA 18507
AMENDMENT TRACER IST TRACER
APPLICANT
55 COX NECK ROAD REALTY, LLC
350 MOTOR PARKWAY
SUITE 309
PL!LSL3072373US HAUPPAUGE, NY 11788
BENEFICIARY IMPORTANT!
THE TOWN OF SOUTHOLD PLEASE MENTION OUR REFERENCE
TOWN HALL ANNEX NUMBER IN ALL CORRESPONDENCE.
54375 STATE ROUTE 25
(COR. MAIN ROAD AND YOUNGS AVE)
SOUTHHOLD, NY 11971
ON SEPTEMBER 12, 2018 THE ABOVE LETTER OF CREDIT WAS AMENDED, SUBJECT TO
ACCEPTANCE BY THE BENEFICIARY.
TO DATE, WE HAVE NO RECORD OF HAVING RECEIVED A REPLY. PLEASE REVIEW YOUR
RECORDS AND ADVISE US ACCORDINGLY.
YOUR RESPONSE MAY BE INDICATED BELOW AND THIS FORM MAY BE RETURNED TO US.
VERY TRULY YOURS,
XXBENEFICIARY ACCEPTED AMENDMENT
BENEFICIARY REFUSED AMENDMENT
DATE ACCEPTED 9/27/18ISING BANK
SIGN HERE
PRINTED NAME Scott A. Russell
TITLE Supervisor
PHONE NUMBER 631-765-1889
ORIGINAL
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SEP 13' 20,16 I'
BANK OF AMERICA - CONFIDENTIAL PAGE: 1 4
SaU1hold TO!in
DATE: SEPTEMBER 12, 2018 P;annina Eovd
AMENDMENT TO IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER: 68131518
AMENDMENT NUMBER 2
ISSUING BANK
BANK OF AMERICA, N.A.
ONE FLEET WAY
PA6-580-02-30
SCRANTON, PA 18507-1999
BENEFICIARY APPLICANT
THE TOWN OF SOUTHOLD 55 COX NECK ROAD REALTY, LLC
TOWN HALL ANNEX 350 MOTOR PARKWAY
54375 STATE ROUTE 25 SUITE 309
(COR. MAIN ROAD AND YOUNGS AVE) HAUPPAUGE, NY 11788
SOUTHHOLD, NY 11971
THIS AMENDMENT IS TO BE CONSIDERED AN INTEGRAL PART OF THE ABOVE CREDIT
AND MUST BE ATTACHED THERETO.
THE ABOVE MENTIONED CREDIT IS AMENDED AS FOLLOWS:
THE AMOUNT OF THIS CREDIT HAS BEEN DECREASED BY USD 134, 423 . 00
THE AGGREGATE AMOUNT OF THE CREDIT IS NOW USD 180, 447 . 00
ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.
THIS AMENDMENT WILL BECOME EFFECTIVE UPON OUR RECEIPT OF THE
BENEFICIARY'S WRITTEN ADVICE OF CONSENT PURPORTEDLY SIGNED BY AN
AUTHORIZED SIGNOR OF THE BENEFICIARY, SENT TO US ATTENTION OF MELODIE J
GARRETT. IF THE BENEFICIARY CHOOSES, THEY MAY SIGN AND RETURN THE
ATTACHED COPY INDICATING THEIR CONSENT OR REJECTION.
IF YOU REQUIRE ANY ASSISTANCE OR HAVE ANY QUESTIONS REGARDING THIS
AMENDMENT, PLEASE CALL 800-370-7519
WI- N -M-- --r--'---'-
HORIZED SIGNATURE
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AMENDMENT ACCEPTED AMENDMENT REFUSED
DATE
SIGNATURE
PRINTED NAME
TITLE
PHONE NUMBER
THIS DOCUMENT CONSISTS OF 2 PAGE (S) .
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SCRANTON STANDBY
TRADE OPERATIONS PAG-580-02-30
1 FLEET WAY JANUARY 12, 2018 RECEIVE®
SCRANTON PA 18507
JAN 2 9 2018
IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER: 68131518 Southold Town Clerl<
BENEFICIARY APPLICANT
THE TOWN OF SOUTHOLD 55 COX NECK ROAD REALTY, LLC
TOWN HALL ANNEX 350 MOTOR PARKWAY
54375 STATE ROUTE 25 SUITE 309
(COR. MAIN ROAD AND YOUNGS AVE) HAUPPAUGE, NY 11788
SOUTHHOLD, NY 11971
THE NOTICE OF NON-EXTENSION DATED JANUARY 2, 2018 IS HEREBY
RESCINDED.
THE AUTOMATIC EXTENSION TERMS ARE HEREBY REINSTATED.
ALL TERMS AND CONDITIONS REMAIN UNCHANGED.
IF YOU HAVE ANY INQUIRIES REGARDING THIS NOTICE, PLEASE CALL
800-370-7519 AND QUOTE OUR REFERENCE NUMBER LISTED ABOVE.
SINCERELY,
BANK OF AMERICA N.A.
UT ORIZED SIGNATURE
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BANK OF AMERICA - CONFIDENTIAL PAGE: `'7'N 11 2018
SCRANTON STANDBY Southold Town Clerk
TRADE OPERATIONS PA6-580-02-30
1 FLEET WAY JANUARY 2, 2018
SCRANTON PA 18507
IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER: 68131518
BENEFICIARY APPLICANT
THE TOWN OF SOUTHOLD 55 COX NECK ROAD REALTY, LLC
TOWN HALL ANNEX 350 MOTOR PARKWAY
54375 STATE ROUTE 25 SUITE 309
(COR. MAIN ROAD AND YOUNGS AVE) HAUPPAUGE, NY 11788
SOUTHHOLD, NY 11971
PLEASE BE INFORMED THAT, IN ACCORDANCE WITH THE TERMS OF THE
ABOVE LETTER OF CREDIT NO. 68131518 WE HAVE ELECTED NOT TO
EXTEND THE CREDIT, AND CONSEQUENTLY, THE CREDIT WILL ULTIMATELY
EXPIRE ON FEBRUARY 28, 2018 .
IF YOU REQUIRE ANY ASSISTANCE OR HAVE ANY QUESTIONS REGARDING
THIS NOTIFICATION, PLEASE CALL 800-370-7519
BANK OF AMERICA, N.A.
X, (1060�
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SCRANTON STANDBY OUR REFERENCE: 68131518
TRADE OPERATIONS PAG-580-02-30
1 FLEET WAY MAY 24, 2017
SCRANTON PA 18507
AMENDMENT STATUS NOTIFICATION
APPLICANT REFERENCE NUMBER:
BENEFICIARY APPLICANT
THE TOWN OF SOUTHOLD 55 COX NECK ROAD REALTY, LLC
TOWN HALL ANNEX 350 MOTOR PARKWAY
54375 STATE ROUTE 25 SUITE 309
(COR. MAIN ROAD AND YOUNGS AVE) HAUPPAUGE, NY 11788
SOUTHHOLD, NY 11971
********** FOR INFORMATION PURPOSES ONLY **********
WE HAVE NOW BEEN ADVISED THAT THE FOLLOWING AMENDMENT WAS ACCEPTED BY
THE BENEFICIARY AS OF MAY 24, 2017 AND THE AMENDMENT IS NOW CONSIDERED
TO BE AN INTEGRAL PART OF THE ABOVE LETTER OF CREDIT.
THE TEXT OF THE REFERENCED AMENDMENT IS REPEATED HERE FOR YOUR
CONVENIENCE:
DELETE THE FOLLOWING-
"BY ORDER AND FOR THE ACCOUNT OF OUT CLIENT, 55 COX NECK ROAD REALTY,
LLC, NEW YORK, WE HEREBY ISSUE IN YOUR FAOVR OUR IRREVOCABLE"
AND REPLACE WITH-
"BY ORDER AND FOR THE ACCOUNT OF OUT CLIENT, 55 COX NECK ROAD REALTY,
LLC, NEW YORK, WE HEREBY ISSUE IN YOUR FAVOR OUR IRREVOCABLE"
WHERE IT READS "THE TOWN OF SOUTHHOLD" IN THE WORDING OF THE LETTER OF
CREDIT SHOULD NOW READ "THE TOWN OF SOUTHOLD" .
THE BENEFICIARY HAS BEEN AMENDED TO:
THE TOWN OF SOUTHOLD
TOWN HALL ANNEX
54375 STATE ROUTE 25
ORIGINAL
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(COR. MAIN ROAD AND YOUNGS AVE)
ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.
********** FOR INFORMATION PURPOSES ONLY **********
IF YOU REQUIRE ANY ASSISTANCE OR HAVE ANY QUESTIONS REGARDING THIS
AMENDMENT, PLEASE CALL 800-370-7519
THIS DOCUMENT CONSISTS OF 2 PAGE (S) .
ORIGINAL
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BANK OF AMERICA - CONFIDENTIAL PAGE: 1
DATE: MAY 5, 2017
AMENDMENT TO IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER: 68131518
,ECEI\/ED
AMENDMENT NUMBER 1
ISSUING BANK 1W
BANK OF AMERICA, N.A.
ONE FLEET WAY
PA6-5 8 0-0 2-3 0 Southold �OW11 C��f4C
SCRANTON, PA 18507-1999
BENEFICIARY APPLICANT
THE TOWN OF SOUTHOLD 55 COX NECK ROAD REALTY, LLC
TOWN HALL ANNEX 350 MOTOR PARKWAY
54375 STATE ROUTE 25 SUITE 309
(COR. MAIN ROAD AND YOUNGS AVE) HAUPPAUGE, NY 11788
SOUTHHOLD, NY 11971
THIS AMENDMENT IS TO BE CONSIDERED AN INTEGRAL PART OF THE ABOVE CREDIT
AND MUST BE ATTACHED THERETO.
THE ABOVE MENTIONED CREDIT IS AMENDED AS FOLLOWS:
DELETE THE FOLLOWING-
"BY ORDER AND FOR THE ACCOUNT OF OUT CLIENT, 55 COX NECK ROAD REALTY,
LLC, NEW YORK, WE HEREBY ISSUE IN YOUR FAOVR OUR IRREVOCABLE"
AND REPLACE WITH-
"BY ORDER AND FOR THE ACCOUNT OF OUT CLIENT, 55 COX NECK ROAD REALTY,
LLC, NEW YORK, WE HEREBY ISSUE IN YOUR FAVOR OUR IRREVOCABLE"
WHERE IT READS "THE TOWN OF SOUTHHOLD" IN THE WORDING OF THE LETTER OF
CREDIT SHOULD NOW READ "THE TOWN OF SOUTHOLD" .
THE BENEFICIARY HAS BEEN AMENDED TO:
THE TOWN OF SOUTHOLD
TOWN HALL ANNEX
54375 STATE ROUTE 25
(COR. MAIN ROAD AND YOUNGS AVE)
ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.
THIS AMENDMENT WILL BECOME EFFECTIVE UPON OUR RECEIPT OF THE
BENEFICIARY'S WRITTEN ADVICE OF CONSENT PURPORTEDLY SIGNED BY AN
AUTHORIZED SIGNOR OF THE BENEFICIARY, SENT TO US ATTENTION OF MELODIE J
ORIGINAL
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GARRETT. IF THE BENEFICIARY CHOOSES, THEY MAY SIGN AND RETURN THE
ATTACHED COPY INDICATING THEIR CONSENT OR REJECTION.
IF YOU REQUIRE ANY ASSISTANCE OR HAVE ANY QUESTIONS REGARDING THIS
AMENDMENT, PLEASE CALL 800-370-7519
O
AUTHOR D IGNATURE
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AMENDMENT ACCEPTED AMENDMENT REFUSED
r
DATE
SIGNATURE
PRINTED NAME
TITLE
PHONE NUMBER
THIS DOCUMENT CONSISTS OF 2 PAGE (S) .
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BANK OF AMERICA - CONFIDENTIAL PAGE: 1
DATE: APRIL 26, 2017
IRREVOCABLE STAND TER (O�F CREDIT NUMBER: 68131518
D E C� E 4DEP155
UING BANK
OF AMERICA, N.A.
LEET WAY
HR 2780-02-30
TON, PA 18507-1999
BENEFICIARY TOWN OFSOAPPLICANT
THE TOWN OF SOUT UNTING&FX NECK ROAD REALTY, LLC
TOWN HALL ANNEX =0 MOTOR PARKWAY
54375 STATE ROUTE 25 SUITE 309
(COR. MAIN ROAD AND YOUNGS AVE) HAUPPAUGE, NY 11788
RECEIVED
SOUTHHOLD, NY 11971
APA 2 8 2017
AM0UNT Southold Town Cted
NOT EXCEEDING USD 314, 870. 00
NOT EXCEEDING THREE HUNDRED FOURTEEN THOUSAND EIGHT HUNDRED SEVENTY AND
00/100 'S US DOLLARS
EXPIRATION
FEBRUARY 28, 2018 AT OUR COUNTERS
BY ORDER AND FOR THE ACCOUNT OF OUT CLIENT, 55 COX NECK ROAD REALTY,
LLC, NEW YORK, WE HEREBY ISSUE IN YOUR FAOVR OUR IRREVOCABLE LETTER
OF CREDIT NO. 68131518 UP TO AN AGGREGATE AMOUNT OF U.S. THREE
HUNDRED FOURTEEN THOUSAND EIGHT HUNDRED SEVENTY 00/100 DOLLARS
($314, 870 . 00) EFFECTIVE IMMEDIATELY AND EXPIRING AT OUR OFFICE
LOCATED AT BANK OF AMERICA, N.A. , 1 FLEET WAY, SCRANTON, PA
18507-1999, ATTN: GTO - STANDBY DEPT ON FEBRUARY 28, 2018.
FUNDS UNDER THIS LETTER OF CREDIT ARE AVAILABLE BY YOUR SIGHT
DRAFT(S) DRAWN ON US, INDICATING OUR CREDIT NO. 68131518 ACCOMPANIED
BY THE BENEFICIARY'S SIGNED STATEMENT SIGNED BY AN AUTHORIZED
SIGNATORY STATING THAT:
"55 COX NECK ROAD REALTY, LLC HAS FAILED TO COMPLETE CERTAIN SITE
IMPROVEMENTS FOR THE FINAL PLAT OF SUBDIVISION, AS CALLED
OUT BY RESOLUTION OF THE TOWN OF SOUTHHOLD IN THE AMOUNT OF
IT IS A CONDITION OF THIS LETTER OF CREDIT THAT IT SHALL BE DEEMED
AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR ONE ADDITIONAL YEAR FROM
THE PRESENT, UNLESS ATLEAST FORTY-FIVE (45) DAYS PRIOR TO ANY SUCH
ORIGINAL
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BANK OF AMERICA - CONFIDENTIAL PAGE: 2
THIS IS AN INTEGRAL PART OF LETTER OF CREDIT NUMBER: 68131518
DATE, WE SHALL NOTIFY YOU IN WRITING BY CERTIFIED MAIL OR OVERNIGHT
COURIER AT THE ABOVE LISTED ADDRESS THAT WE ELECT NOT TO CONSIDER
THIS LETTER OF CREDIT EXTENDED FOR ANY SUCH ADDITIONAL PERIOD. IN
SUCH AN EVENT, THE LETTER OF CREDIT MAY BE DRAWN ON IN THE FULL
AMOUNT.
DRAFT(S) MUST STATE: "DRAWN UNDER BANK OF AMERICA, N.A. STANDBY L/C
NO. 68131518 DATED APRIL 26, 2017 . "
WE HEREBY ENGAGE WITH YOU TO HONOR DRAFT(S) AS SPECIFIED ABOVE WHEN
ACCOMPANIED BY DOCUMENTS IN CONFORMITY WITH THE TERMS AND CONDITIONS
OF THIS LETTER OF CREDIT WHEN PRESENTED TO BANK OF AMERICA N.A. ONE
FLEET WAY PA6-580-02-03 SCRANTON PA.
PRESENTATION OF SUCH DRAFT(S) AND DOCUMENT(S) MAY BE MADE AT OUR
OFFICE LOCATED AT BANK OF AMERICA, N.A. , ONE FLEET WAY, MC:
PA6-580-02-30, SCRANTON, PA 18507-1999, BY OVERNIGHT COURIER, OR BY
TELECOPY TO FACSIMILE NO. 800-755-8743, CONFIRMED BY TELEPHONE TO
1-800-370-7519 OPT. NO. 1. RECEIPT OF SUCH TELEPHONE NOTICE SHALL NOT
BE A CONDITION TO PRESENTATION HEREUNDER. IF PRESENTED BY FAX,
DOCUMENTS ARE NOT REQUIRED TO BE SENT BY COURIER.
ADDRESS ALL CORRESPONDENCE REGARDING THE LETTER OF CREDIT TO BANK OF
AMERICA N.A. MENTIONING OUR LETTER OF CREDIT NO. 68131518.
EXCEPT AS OTHERWISE EXPRESSLY STATED HEREIN, THIS CREDIT IS ISSUED
SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS
(2007 REVISION) , INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO.
600 .
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AUTHO ZED SIGNATURE
THIS DOCUMENT CONSISTS OF 2 PAGE(S) .
ORIGINAL
05-17-1486B 08-2016
ELIZABETH A.NEVILLE,MMC hZ• P/y Town Hall, 53095 Main Road
TOWN CLERK ® P.O.Box 1179
2 Southold,New York 11971
REGISTRAR OF VITAL STATISTICS p • .� Fax(631)765-6145
MARRIAGE OFFICER Aw, a�� Telephone(631)765-1800
RECORDS MANAGEMENT OFFICER O( `�► wwwhone(63 )765- 800
FREEDOM OF INFORMATION OFFICER
gov
OFFICE OF THE TOWN CLERK
TOWN OF SOUTHOLD
February 17, 2021
EE186316603US
Priority Mail Express
K. Corcoran
Bank of America,N. A.
Scranton Standby.
Trade Operations PA6-580-02-30
1 Fleet Way
Scranton, PA 18507-1999
RE: Letter of Credit#: 68131518
Dear Sir/Madam:
Enclosed find the irrevocable Standby Letters of Credit# 68131518. This office is in receipt of
an amended Letter of Credit, so that previous Letters may now be returned.
If you have any question please contact me at the Southold Town Clerk's office.
Very truly yours,
Lynda M. Rudder
Deputy Town Clerk
Encs.
r•TC-
OFFICE LOCATION: MAILING ADDRESS:
Town Hall Annex �Qf SOV)y P.O. Box 1179
54375 State Route 25 �0� ��� Southold, NY 11971
(cor. Main Rd. &Youngs Ave.)
Southold, NY � Telephone: 631 765-1938
v, -Sc www.southoldtownny.gov
cou
PLANNING BOARD OFFICE
TOWN OF SOUTHOLD
January 17, 2019
Mr. Steve Libretto:
11605 Sound Avenue
Mattituck, NY 11952
Re: Reduction of Performance Guarantee - Proposed Clustered Standard
Subdivision for The Estates at Royalton
Located at 55 Cox Neck Road, approximately 490 feet north of Sound Avenue,
Mattituck
SCTM#1000-113-7-19.23 Zoning District: AC
Dear Mr. Libretto:
The Southold Town Planning Board adopted the following resolution at a meeting held
on Monday, January 14, 2019:
WHEREAS, this Standard Subdivision divided 36.9 acres into 12 lots where Lots 1-11
equal 0.7 acres,.and Lot 12 equals 12 acres, located in the A-C Zoning District. This
subdivision includes 15.2 acres of open space and 1.7 acres for the road; and
WHEREAS, on April 11, 2017 the Southold Town Planning Board accepted the Bond
Estimate for The Estates at Royalton dated September 8, 2016 in the amount of
$314,870.00; and
WHEREAS, on April 27, 2017, the Town of Southold received an Irrevocable Standby
Letter of Credit ("ISLC") in the amount of three hundred fourteen thousand, eight
hundred seventy dollars ($314,870.00) dated April 26, 2017 from Bank of America
Merrill Lynch on behalf of the Applicant, 55 Cox Neck Road Realty, LLC; and
WHEREAS, on January 18, 2018, the Southold Town Planning Board received a letter
indicating that the terms of the ISLC remained in effect; and
WHEREAS, the ISLC expired on February 28, 2018; and
WHEREAS, subject to conditions, the ISLC automatically extends without amendment
for one additional year from February 28, 2018; and
r
Estates at Royalton Pae 2 January 17, 2019
WHEREAS, on February 15, 2018 Bank of America Merrill Lynch was contacted and it
was confirmed that the ISLC has been extended to February 28, 2019; and
WHEREAS, on January 4, 2019 the applicant requested a further bond reduction; and
WHEREAS, on January 4, 2019 the Planning Board was notified that Bank of America
Merrill Lynch has elected not to extend the ISLC and it will expire on February 28, 2019;
and
WHEREAS, on January 10, 2019 James A. Richter, R. A., Town Engineer Office
recommended a reduction in the performance guarantee from $180,447.00 to
$107,867.00; therefore be it
RESOLVED, that the Southold Town Planning Board hereby accepts the Revised Bond
Estimate for the Estates at Royalton Subdivision dated January 10, 2019 and prepared
by Jamie A. Richter, R. A. in the amount of one hundred seven thousand, eight hundred
and sixty seven dollars ($107,867.00) and recommends that the Town Board also
accept the Revised Bond Estimate.
Please submit a performance guarantee in the amount of$107,867.00 to the
Planning Board by January 31, 2019. In the event that a performance guarantee is
not submitted by this date, the Planning Board may recommend that the Town
Board take action against the letter of credit currently on file.
If you have any questions regarding the information contained in this resolution, please
contact the Planning Board Office.
Respectfully,
a.... 14, /Z"A
James H. Rich III
Vice-Chairman
Cc: William Duffy, Town Attorney
Elizabeth Neville, Town Clerk
RESOLUTION 2018-445
ADOPTED DOC ID: 14107
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 2018-445 WAS
ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON
MAY 8, 2018:
WHEREAS, on April 27, 2017, the Town of Southold received an Irrevocable Standby Letter of
Credit ("ISLC") in the amount of three hundred fourteen thousand eight hundred seventy dollars
($314,870.00) dated April 26, 2017 from Bank of America Merrill Lynch on behalf of the
Applicant, 55 Cox Neck Road Realty, LLC; and
WHEREAS, on August 15, 2017 Town Board of the Town of Southold accepted the ISLC in the
amount of$314,870.00 in Resolution 2017-717; and
WHEREAS, on February 2, 2018 the site was inspected by Jamie A. Richter, R. A., Town
Engineer Office and, with approval from the Superintendent of Highways, recommended a
reduction in the performance guarantee from $314,870.00 to $180,447.00; and
WHEREAS, on May 7, 2018 the Southold Town Planning Board approved the reduction in the
performance guarantee and recommends the same to the Town Board of the Town of Southold;
be it therefore
RESOLVED, that the Town Board of the Town of Southold hereby approves, upon the
recommendation of the Southold Town Planning Board and the Office of the Town Engineer, the
reduction of the performance bond for the Estates at Royalton Subdivision dated February 5,
2018 and prepared by Jamie A. Richter, R. A. in the amount of one hundred eighty thousand,
four hundred and forty seven dollars ($180,447.00), all in accordance with the approval of the
Town Attorney; and be it further
RESOLVED, that the Southold Town Clerk is authorized to release the ISLC upon the
submission of a replacement in the amount of$180,447.00 Pursuant to § 240-34. Forms of
security; expiration and terms of bonds; default of the Southold Town Code.
e"4?'na�
Elizabeth A. Neville
Southold Town Clerk
RESULT: ADOPTED [UNANIMOUS]
MOVER: Louisa P. Evans, Justice
SECONDER:William P. Ruland, Councilman
AYES: James Dinizio Jr, William P. Ruland, Louisa P. Evans, Scott A. Russell
ABSENT: Jill Doherty, Robert Ghosio
Southold Town Board - Letter Board Meeting of May 8, 2018
RESULT: ADOPTED [UNANIMOUS]
MOVER: Louisa P. Evans, Justice
SECONDER:William P. Ruland, Councilman
AYES: James Dinizio Jr, William P. Ruland, Louisa P. Evans, Scott A. Russell
ABSENT: Jill Doherty, Robert Ghosio
Generated May 9, 2018 Page 84
OFFICE LOCATION: MAILING ADDRESS:
Town Hall Annex :0
P.O.
P.O. Box 1179
54375 State Route 25 �Q �� Southold,NY 11971
(cor.Main Rd. &Youngs Ave.)
Southold, NY Telephone: 631 765-1938
cn �c www.southoIdtownny.gov
cou
PLANNING BOARD OFFICE
TOWN OF SOUTHOLD
May 8, 2018
Mr. Steve.Libretto.
11605 Sound Avenue
Mattituck., NY 11:952
Re: Reduction of Performance Guarantee - Proposed Clustered Standard
Subdivision for The Estates at Royalton
.Located at 55 Cox Neck Road, approximately 490 feet north of Sound Avenue,
Mattituck
SCTM#1000-113-7-19.23 Zoning District: AC
Dear Mr. Libretto:
The Southold Town Planning Board adopted the following resolution at a meeting held
on Monday, May 7, 2018:
WHEREAS, this Standard Subdivision divided 36.9 acres into 12 lots where Lots 1-11
equal 0.7 acres,-and Lot 12 equals 12 acres, located in the A-C Zoning District. This
subdivision includes 15.2 acres of open space and 1.7 acres for the road; and
WHEREAS, on April 11, 2017 the Southold Town Planning Board accepted the Bond
Estimate for The Estates at Royalton dated September 8, 2016 in the amount of
$314,870.00; and
WHEREAS, on April 27, 2017, the Town of Southold received an Irrevocable Standby
Letter of Credit ("ISLC") in the amount of three hundred fourteen thousand, eight
hundred seventy dollars ($314,870.00) dated April 26, 2017 from Bank of America
Merrill Lynch on behalf of the Applicant, 55 Cox Neck Road Realty, LLC; and
WHEREAS, on January 18, 2018, the Southold Town Planning Board received a letter
indicating that the terms of the ISLC remained in effect; and
WHEREAS, the ISLC expired on February 28, 2018; and
WHEREAS, subject to conditions, the ISLC automatically extends without amendment
for one additional year from February 28, 2018; and
Estates at Royalton Pae 12 May 8, 2018
WHEREAS, on February 2, 2018 the site was inspected by Jamie A. Richter, R. A.,
Town Engineer Office and, with approval from the Superintendent of Highways,
recommended a reduction in the performance guarantee from $314,870.00 to
$180,447.00; and
WHEREAS, on February 15, 2018 Bank of America Merrill Lynch was contacted and it
was confirmed that the ISLC has been extended to February 28, 2019; therefore be it
RESOLVED, that the Southold Town Planning Board hereby accepts the Revised Bond
Estimate for the Estates at Royalton Subdivision dated February 5, 2018 and prepared
by Jamie A. Richter, R. A. in the amount of one hundred eighty thousand, four hundred
and forty seven dollars ($180,447.00) and recommends that the Town Board also
accept the Revised Bond Estimate.
If you have any questions regarding the information contained in this resolution, please
contact the Planning Board Office.
)rmr
pectfully,
es H. Rich III
Vice-Chairman
Cc: William Duffy, Town Attorney
Elizabeth Neville, Town Clerk
Silleck, Mary
From: Lanza, Heather
Sent: Thursday,January 18, 2018 3:19 PM
To: Silleck, Mary
Cc: Michaelis,Jessica
Subject: RE: Estates at Royalton Letter of Credit 68131518
I believe the Town Clerk gets it.
From:Silleck, Mary
Sent:Thursday,January 18, 2018 2:24 PM
To: Lanza, Heather<heather.lanza@town.southold.ny.us>
Subject: RE: Estates at Royalton Letter of Credit 68131518
What do I do with the original, do you get it or do I file with the Town Clerk?
From: Lanza, Heather
Sent: Thursday,January 18, 2018 1:41 PM
To: Silleck, Mary; Hagan, Damon; Terry, Mark
Cc: James Rich (JamesRich3@optonline.net) (JamesRich3@optonline.net); Michaelis, Jessica; Duffy, Bill
Subject: RE: Estates at Royalton Letter of Credit 68131518
Thank you.
From:Silleck, Mary
Sent:Thursday,January 18, 2018 1:01 PM
To: Hagan, Damon<damonh@southoldtownny.gov>; Lanza, Heather<heather.lanza@town.southold.ny.us>;Terry,
Mark<mark.terry@town.southold.nv.us>
Cc:James Rich (JamesRich3@optonline.net) (JamesRich3@optonline.net)<JamesRich3@optonline.net>; Michaelis,
Jessica<jessicam@southoldtownny.gov>; Duffy, Bill<billd@southoldtownny.gov>
Subject: RE: Estates at Royalton Letter of Credit 68131518
See attached
From: Hagan, Damon
Sent: Thursday, January 18, 2018 12:57 PM
To: Lanza, Heather; Terry, Mark
Cc: James Rich (JamesRich30optonline.net) (JamesRich3@optonline.net); Michaelis, Jessica; Duffy, Bill; Silleck, Mary
Subject: RE: Estates at Royalton Letter of Credit 68131518
My office is in receipt of a letter from Bank of America rescinding the previous Jan 2, 2018 credit letter. The line of
credit has been renewed by the bank. It is being sent to you via interoffice mail.
Yours Truly etc.,
Damon A.Hagan
Assistant Town Attorney
Town of Southold
Town Hall Annex
1
Southold Town Board - Letter Board Meeting of August 15, 2017
wQ RESOLUTION 2017-717 Item# 5.16
ADOPTED DOC ID: 13297
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 2017-717 WAS
ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON
AUGUST 15, 2017:
RESOLVED that the Town Board of the Town of Southold hereby accepts the Irrevocable
Standby Letter of Credit (ISLC) issued by Bank of America in the amount of$314,870.00 for the
proposed Clustered Standard Subdivision entitled"The Estates at Royalton", SCTM#1000-113-
7-19.23, located at 55 Cox Neck Road, Mattituck, as recommended by the Southold Town
Planning Board, subject to the approval of the Town Attorney.
2�
Elizabeth A. Neville
Southold Town Clerk
RESULT: ADOPTED [UNANIMOUS]
MOVER: Louisa P. Evans, Justice
SECONDER:Robert Ghosio, Councilman
AYES: Dinizio Jr, Ruland, Doherty, Ghosio, Evans, Russell
Generated August 16, 2017 Page 23
MAILING ADDRESS:
P.O.Box 1179
PLANNING BOARD MEMBERS Southold,NY 11971
�
DONALD J.WILCENSKI Cgffr °`c„,
Chaim I`;:•'; ,'• �> OFFICE LOCATION:
:Es7' Town Hall Annex
,vVILLIAM J.CREMERS :'
i �-'"'.� ., p.,�� „�� 54375 State Route 25
PIERCE RAF,FERTY a '� .,m ;
JAMES H.RICH III (cor.Main Rd. &Youngs Ave
MARTIN H.SIDOR .)
����.'` � ���• Southold,NY
wkk>, Cpl b;.
Telephone: 631765-1938
www.southoldtownzny.gov
PLANNING BOARD OFFICE
August 15, 2017 TOWN OF SOUTHOLD
Mr. Steve Libretto
11605 Sound Avenue
Mattituck, NY 11952
Re: Accept Performance Guarantee - Proposed Clustered Standard Subdivision
for The Estates at Royalton
Located at 55 Cox Neck Road, approximately 490 feet north of Sound Avenue,
Mattituck
SCTM#1000-113-7-19.23 Zoning District: AC
i
Dear Mr. Libretto:
The Southold Town Planning Board adopted the following resolutions at a meeting held
on Monday, August 14, 2017:
WHEREAS, this proposal is for a Standard Subdivision of a 36.9 acre parcel into 12 lots
where Lots 1-11 equals 0.7 acres, and Lot 12 equals 12 acres, located in the A-C
Zoning District. This subdivision includes 15.2 acres of open space and 1.7 acres for a
proposed road; and
WHEREAS, on April 11, 2017 the Southold Town Planning Board accepted the Bond
Estimate for The Estates at Royalton dated September 8, 2016 in the amount of
$314,870.00, and
WHEREAS, on April 27, 2017, the Town of Southold received and Irrevocable Standby
Letter of Credit ("ISLC") in the amount of three hundred fourteen thousand eight
hundred seventy dollars ($314,870.00) dated April 26, 2017 from Bank of America on
behalf of the Applicant, 55 Cox Neck Road Realty, LLC, and
WHEREAS, pursuant to the terms of the ISLC, the ISLC is valid until February 28, 2018
and shall be renewed on a yearly basis unless the Town is receives written notice, at
least 45 days prior to the expiration date, that Bank of America has elected not extend
the letter of credit; therefore be it
RESOLVED, that the Southold Town Planning Board hereby accepts the Irrevocable
Standby Letter of Credit issued by Bank of New York N. A. dated April 26, 2017 in the
Estates at Royalton Pae L2 August 16, 2017
amount of$314,870.00 and recommends that the Town Board also accept the ISM
and be it further
RESOLVED, that the Applicant shall take all steps necessary to ensure that the
aforementioned ISLC remains in effect and is auto-renewed until final inspection and
sign off of all road and drainage improvements specified in the Bond Estimate dated
September 8, 2016 by the Town Engineer.
If you have any questions regarding the information contained in this resolution, please
contact the Planning Board Office.
�etru�yous,
James H. Rich III
Vice-Chairman
Cc: William Duffy, Town Attorney
Elizabeth Neville, Town Clerk
Southold Town Board - Letter Board Meeting of October 18, 2016
��,UFIOLt� RESOLUTION 2016-926 Item# 5.15
n�
ADOPTED DOC ID: 12346
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 2016-926 WAS
ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON
OCTOBER 18, 2016:
RESOLVED that the Town Board of the Town of Southold hereby accepts Subdivision Draft
Bond Estimate in the amount of$314,870.00 for the proposed Standard Subdivision entitled
"The Estates at Royalton", SCTM#1000-113-7-19.23, located at 55 Cox Neck Road,
approximately 490 feet North of Sound Avenue, Mattituck, as recommended by the Southold
Town Planning Board, subject to the approval of the Town Attorney.
6��67-Z?�
Elizabeth A. Neville
Southold Town Clerk
RESULT: ADOPTED [UNANIMOUS]
MOVER: James Dinizio Jr, Councilman
SECONDER:Louisa P. Evans, Justice
AYES: Dinizio Jr, Ruland, Doherty, Evans, Russell
ABSENT: Robert Ghosio
Generated October 19, 2016 Page 29
f.r MAILING ADDRESS:
P.O.Box 1179
PLANNING BOARD MEMBERS ( NN1�., x
DONALD J.WILCENSKI ;gF � i ° Southold, NY 11971
Chair : fig' OFFICE LOCATION:
f .
WILLIAM J.CREMERS } �Si Town Hall Annex
PIERCE RAFFERTY 4`a '�-^ " S 54375 State Route 25
JAMES H.RICH III `°� .{ (cor.Main Rd. &Youngs Ave.)
MARTIN H.SIDOR %fjOmpt, i Southold,NY
Telephone: 631765-1938
www.southoldtow-xmy.gov
PLANNING BOARD OFFICE
TOWN OF SOUTHOLD RECEIVED
October 4, 2016 OCT - 7 2016
Mr. Steve Libretto Southold Town Clerk
11605 Sound Avenue
Mattituck, NY 11952
Re: Accept Bond Estimate - Proposed Clustered Standard Subdivision for The
Estates at Royalton
Located at 55 Cox Neck Road, approximately 490 feet north of Sound Avenue,
Mattituck
SCTM#1000-113-7-19.23 Zoning District: AC
Dear Mr. Libretto:
The Southold Town Planning Board adopted the following resolution at a meeting held on
Monday, October 3, 2016:
WHEREAS, this proposal is for a Standard Subdivision of a 36.9 acre parcel into 12 lots
where Lots 1-11 equals 0.7 acres, and Lot 12 equals 12 acres, located in the A-C Zoning
District. This subdivision includes 15.2 acres of open space and 1.7 acres for a proposed
road; and
WHEREAS, on September 8, 2016, the Office of the Town Engineer submitted a Draft Bond
Estimate for The Estates at Royalton in the amount of $314,870.00; and
WHEREAS, on September 12, 2016, the Planning Board reviewed the Bond Estimate at their
Work Session and accepted the estimate in the amount of$314,870.00; therefore be it
RESOLVED, that the Southold Town Planning Board hereby accepts the Draft Bond
Estimate for The Estates at Royalton in the amount of$314,970.00 and recommends the
same to the Southold Town Board.
If you have any questions regarding the information contained in this resolution, please
contact the Planning Board Office.
Very try �s�
Donald J. Wilcenski
Chairman
SCOTT A. RUSSELL '" ': JAMES A. RICHTER, R.A.
SUPERVISOR 1M , ; MICHAEL M. COLLINS, P.E.
TOWN HALL - 53095 MAIN ROAD ": + 01 0* TOWN OF SOUTHOLD,NEW YORK 11971
Tel. (631)-765-1560 Fax. (631)-765-9015
h41CHAEL.CULLINS(c-bTOWN.SOUTH0I.D.NY.US � JAMIE.RICHTER(a).'fOWN,SUU7'FIOLD.NY_US
OFFICE OF THE ENGINEER
TOWN OF SOUTHOLD OST D
SEP 0 8 2016
BOND ESTIMATE
ESTATES AT ROYALTON SUBDIVISION Southdld Town
55 Cox Neck Road,Mattituck,New York,TOWN OF SOUTHOLD Planning Board
SCTM#1000-113.-07-19.23
DATE
September 8,2016
ITEM QUANTITY DESCRIPTION UNIT PRICE AMOUNT
1. 1,200 L.F. EROSION&SEDIMENT CONTROL
Hay Bale/Wire Backed Silt Fencing 2.50 $ 3,000.00
2. L.S. STABILIZED CONSTRUCTION ENTRANCE L.S. 1,500.00
3. 1.4 ACRE CLEARING&GRUBBING $ 2,500.00 3,500.00
4. 6,700 S.Y. ROUGH GRADING-
UNCLASSIFIED EXCAVATION 2.00 13,400.00
5. 2,845 L.F. MOUNTABLE CONCRETE CURBING 16.00 45,520.00
DRAINAGE
6. 4 EACH 4'x 4'PRECAST CONCRETE CATCH BASIN
With 2'x 4' Cast Iron Grate&Frame 2,000.00 8,000.00
7. 5 EACH 12'Diameter PRECAST CONCRETE LEACHING CATCH BASIN
12'Deep with Cast Iron Grate&Frame 4,000.00 20,000.00
8. 10 EACH 12'Diameter PRECAST CONCRETE
LEACHING POOL. 12'Deep 3,500.00 35,000.00
9. 1 EACH 4'DIAMETER PRECAST CONCRETE MANHOLE
6'Deep with Solid Cast Iron Grate&Frame 2,000.00 2,000.00
10. 520 L.F. 18"DIAMETER DRAINAGE PIPE 30.00 15,600.00
11. 210 L.F. 24"DIAMETER DRAINAGE PIPE 35.00 7,350.00
12. 6,700 S.Y. FINE GRADING 1.50 10,050.00
SURFACING
13. 480 C.Y. %"STONE BLEND or RCA BASE(4"Thick) 50.00 2,400.00
14. 640 TONS ASPHALT BINDER COURSE-(2''/2"Thick) 90.00 57,600.00
15. 380 TONS ASPHALT WEARING COURSE-(1 ''/Z"Thick) 90.00 34,200.00
16. 5 EACH STREET LIGHTS 2,000.00 10,000.00
17. 19 EACH CONCRETE SURVEY MONUMENTS 100.00 1,900.00
18. 1 EACH AS-BUILT SURVEY - 5,000.00
19. 2,500 S.Y. TOPSOIL&SEED 2.50 6,250.00
20. 3 EACH STREET SIGNS 200.00 600.00
21. 58 EACH STREET TREES 250.00 14,500.00
22. 1 EACH FIRE WELL - 15,000.00
23. L.S. MAINTENANCE&PROTECTION
OF TRAFFIC. L.S. 2,500.00
BOND ESTIMATE TOTAL $314,870.00
6%ADMINISTRATION FEE $ 18,892.20
TD BANK, N.A.
COMMERCIAL LOAN OPERATIONS CENTER
RD BOX 5400
CHERRY HILL NJ 08034-9902
MARRATIME CAPITAL, LLC START DATE 01-01-22
71 15TH AVENUE END DATE 12-31-22
SEA CLIFF NY 11579 PRINT DATE 01-05-23
PAGE 1
ACCOUNT: 004-0001-4592630
SHOWN BELOW IS YOUR ANNUAL HISTORY STATEMENT.
CUSTOMER HISTORY STATEMENT
EFF DATE PROC DATE ACTIVITY AMOUNT PRINCIPAL BALANCE
9001 TD BANK - SOUTH DIVISION BEGINNING BALANCE: 0.00
11-14-22 11-14-22 RENEWAL 106,050.00
ENDING BALANCE: 0.00
YTD TOTAL PAID 0.00
YTD TOTAL PAID BY CUSTOMER 0.00
TD Bank
Amedca's Most Convenient BankO
6000 Atrium Way
Mount Laurel,NJ 08054
r 888 751 9000
856 533 6545
January14,2021
IRREVOCABLE STANDBY LETTER OF CREDIT NO. 20009524
EXPIRATION DATE: December 31,2021
The Town of Southold
Town Hall Annex
54375 State Route 25
Southold, NY 11971
Re: Marra i _ a i,tal
We hereby establish our Irrevocable Standby Letter of Credit No. 20009524 in favor of The Town of
Southold, hereinafter referred to as "Beneficiary", at the request of Marratime Capital, LLC, hereinafter
referred to as "Applicant", in an amount not to exceed in the aggregate One Hundred Six Thousand Fifty
and 00/100($106,050.00) U.S. Dollars.
Funds are available by your draft on us at sight bearing the clause:"Drawn under TD Bank, N.A. Letter of
Credit No.20009524 dated January 14, 2021"and accompanied by the following documents:
1. This original Letter of Credit and any amendments thereto.
2. A statement purportedly signed by the Township Engineer stating that:
"Marratime Capital, LLC has not performed in accordance with the terms and conditions of that
certain Site Improvement Agreement between Marratime Capital, LLC and the Town of Southold."
It is a condition of this Letter of Credit that it will be extended automatically, without amendment, for
additional periods of one (1) year from the present or each future expiration date, unless at least thirty
(;30) days prior to the then current expiration date, we notify you in writing by overnight courier, at the
above address,that we elect not to renew this Letter of Credit for said additional period.
This Letter of Credit sets forth in full the terms of our undertaking and such undertaking shall not in any
way be modified, amended or amplified by reference to any document, instrument or contract referred to
herein or in which this Letter of Credit is referred to or to which this Letter of Credit relates, and any such
reference shall not be deemed to incorporate herein by reference any document, instrument or contract.
We hereby agree that draft(s)drawn under and in compliance with the terms of this Letter of Credit will be
duly honored upon receipt of documents as specified above, which may be presented in person or sent
via overnight courier at our office located at 6000 Atrium Way, Mt. Laurel, NJ 08054 on or before the
expiration date noted above or any extended date.
Except so far as otherwise expressly stated herein, this Letter of Credit is subject to the "Uniform
Customs and Practice for Documentary Credits (2007 Revision) International Chamber of Commerce,
Publication No.600."
TD Bank, N.A.
r1 m
r�;4 y�
Peter Tambussi
Assistant Vice President
6,
r
=oOgUfFO(,yC3 RESOLUTION 2020-806
ADOPTED DOC ID: 16612
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 2020-806 WAS
ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON
DECEMBER 15, 2020:
RESOLVED that the Town Board of the Town of Southold hereby accepts the revised
Subdivision Bond Estimate in the amount of$106,050.00 for the Standard Subdivision entitled
"The Estates at Royalton", SCTM 41000-113-7-19.23, located at 55 Cox Neck Road,
approximately 490 feet North of Sound Avenue, Mattituck, as recommended by the Southold
Town Planning Board, subject to the approval of the Town Attorney.
Denis Noncarrow
Southold Town Clerk
RESULT: ADOPTED [UNANIMOUS]
MOVER: Sarah E. Nappa, Councilwoman
SECONDER:Louisa P. Evans, Justice
AYES: Nappa, Dinizio Jr, Doherty, Ghosio, Evans, Russell
gankofAmerica� 1� _
Merrill Lynch D -EW.C_rw�`- _E
SEP 132018
BANK OF AMERICA - CONFIDENTIAL PAGE: 1
Southold Tovm
DATE: SEPTEMBER 12, 2018 Planning Board
AMENDMENT TO IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER: 68131518
AMENDMENT NUMBER 2
ISSUING BANK
BANK OF AMERICA, N.A.
ONE FLEET WAY
PA6-580-02-30
SCRANTON, PA 18507-1999
BENEFICIARY APPLICANT
THE TOWN OF SOUTHOLD 55 COX NECK ROAD REALTY, LLC
TOWN HALL ANNEX 350 MOTOR PARKWAY
54375 STATE ROUTE 25 SUITE 309
(COR. MAIN ROAD AND YOUNGS AVE)' HAUPPAUGE, NY 11788
SOUTHHOLD, NY 11971
THIS AMENDMENT IS TO BE CONSIDERED AN INTEGRAL PART OF THE ABOVE CREDIT
AND MUST BE ATTACHED THERETO.
THE ABOVE MENTIONED CREDIT IS AMENDED AS FOLLOWS:
THE AMOUNT OF THIS CREDIT HAS BEEN DECREASED BY USD 134, 423 . 00
THE AGGREGATE AMOUNT OF THE CREDIT IS NOW USD 180, 447 . 00
ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.
THIS AMENDMENT WILL BECOME EFFECTIVE UPON OUR RECEIPT OF THE
BENEFICIARY'S WRITTEN ADVICE OF CONSENT PURPORTEDLY SIGNED BY AN
AUTHORIZED SIGNOR OF THE BENEFICIARY, SENT TO US ATTENTION OF MELODIE J
GARRETT. IF THE BENEFICIARY CHOOSES, THEY MAY SIGN AND RETURN THE
ATTACHED COPY INDICATING THEIR CONSENT OR REJECTION.
IF YOU REQUIRE ANY ASSISTANCE OR HAVE ANY QUESTIONS REGARDING THIS
AMENDMENT, PLEASE CALL 800-370-7519
WH
I- a - - IORIZED SIGNATURE
---------------------------------------------------------------------
ORIGINAL
05-17-1486B 08-2016
BankofAmerica
®®
Merrill Lynch
BANK OF AMERICA - CONFIDENTIAL PAGE: 2
AMENDMENT ACCEPTED AMENDMENT REFUSED
DATE
SIGNATURE
PRINTED NAME
TITLE
PHONE NUMBER
THIS DOCUMENT CONSISTS OF,2 PAGE (S) .
ORIGINAL
05-17-1486B 08-2016
ank®fAmerica®®�
Merrill Lynch
BANK OF AMERICA - CONFIDENTIAL PAGE: 1
DATE: MAY 5, 2017
AMENDMENT TO IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER: 68131518
RECEIVED
AMENDMENT NUMBER 1
ISSUING BANK MAY - 9 2011
BANK OF AMERICA, N.A.
ONE FLEET WAY
PA6-5 8 0-0 2-3 0 ,outhold Tov+m Clerk
SCRANTON, PA 18507-1999
BENEFICIARY APPLICANT
THE TOWN OF SOUTHOLD 55 COX NECK ROAD REALTY, LLC
TOWN HALL ANNEX 350 MOTOR PARKWAY
54375 STATE ROUTE 25 SUITE 309
(COR. MAIN ROAD AND YOUNGS AVE) HAUPPAUGE, NY 11788
SOUTHHOLD, NY 11971
THIS AMENDMENT IS TO BE CONSIDERED AN INTEGRAL PART OF THE ABOVE CREDIT
AND MUST BE ATTACHED THERETO.
THE ABOVE MENTIONED CREDIT IS AMENDED AS FOLLOWS:
DELETE THE FOLLOWING-
"BY ORDER AND FOR THE ACCOUNT OF OUT CLIENT, 55 COX NECK ROAD REALTY,
LLC, NEW YORK, WE HEREBY ISSUE IN YOUR FAOVR OUR IRREVOCABLE"
AND REPLACE WITH-
"BY ORDER AND FOR THE ACCOUNT OF OUT CLIENT, 55 COX NECK ROAD REALTY,
LLC, NEW YORK, WE HEREBY ISSUE IN YOUR FAVOR OUR IRREVOCABLE"
WHERE IT READS "THE TOWN OF SOUTHHOLD" IN THE WORDING OF THE LETTER OF
CREDIT SHOULD NOW READ "THE TOWN OF SOUTHOLD" .
THE BENEFICIARY HAS BEEN AMENDED TO:
THE TOWN OF SOUTHOLD
TOWN HALL ANNEX
54375 STATE ROUTE 25
(COR. MAIN ROAD AND YOUNGS AVE)
ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.
THIS AMENDMENT WILL BECOME EFFECTIVE UPON OUR RECEIPT OF THE
BENEFICIARY'S WRITTEN ADVICE OF CONSENT PURPORTEDLY SIGNED BY AN
AUTHORIZED SIGNOR OF THE BENEFICIARY, SENT TO US ATTENTION OF MELODIE J
ORIGINAL
05-17-1486B 08-2016
ank of America®®D
Merrill Lynch
BANK OF AMERICA - CONFIDENTIAL PAGE: 2
GARRETT. IF THE BENEFICIARY CHOOSES, THEY MAY SIGN AND RETURN THE
ATTACHED COPY INDICATING THEIR CONSENT OR REJECTION.
IF YOU REQUIRE ANY ASSISTANCE OR HAVE ANY QUESTIONS REGARDING THIS
AMENDMENT, PLEASE CALL 800-370-7519
------------
AUTHOR D IGNATURE
-------------------------------7-------------------------------------
AMENDMENT ACCEPTED AMENDMENT REFUSED
r
DATE
SIGNATURE
PRINTED NAME
TITLE
PHONE NUMBER
THIS DOCUMENT CONSISTS OF 2 PAGE (S) .
ORIGINAL
05-17-1486B 08-2016
.- an'k of America 4®O
--a
lerr. Lynch s+ RONCL40r�
Y
BANK OF AMERICA - CONFIDENTIAL PAGE: 1
DATE: APRIL 26, 2017
IRREVOCABLE STAND TTER OFCREDIT _NUMBER: 68131518
® E C E VE SSUING BANK
K OF AMERICA, N.A.
FLEET WAY
APR 2 7 2017 -580-02-30
ANTON, PA 18507-1999
BENEFICIARY TOWN OF SOLITHOL APPLICANT
THE TOWN OF SOUT PyOUNTING&FINANCE DEP155 COX NECK ROAD REALTY, LLC
TOWN ,HALL ANNEX MOTOR PARKWAY
54375 STATE ROUTE 25 SUITE 309
(COR. MAIN ROAD AND YOUNGS AVE) HAUPPAUGE, NY 11788
RECEIVED
SOUTHHOLD, NY 11971
APR 2 8 2017
AMOUNT Southold Town Clerk
NOT EXCEEDING USD 314, 870 . 00
NOT EXCEEDING THREE HUNDRED FOURTEEN THOUSAND EIGHT HUNDRED SEVENTY AND
00/100 'S US DOLLARS
EXPIRATION
FEBRUARY 28, 2018 AT OUR COUNTERS
BY ORDER AND FOR THE ACCOUNT OF OUT CLIENT, 55 COX NECK ROAD REALTY,
LLC, NEW YORK, WE HEREBY ISSUE IN YOUR FAOVR OUR IRREVOCABLE LETTER
OF CREDIT NO. 68131518 UP TO AN AGGREGATE AMOUNT OF U.S. THREE
HUNDRED FOURTEEN THOUSAND EIGHT HUNDRED SEVENTY 00/100 DOLLARS
($314, 870 .00) EFFECTIVE IMMEDIATELY AND EXPIRING AT OUR OFFICE
LOCATED AT BANK OF AMERICA, N.A. , 1 FLEET WAY, SCRANTON, PA
18507-1999, ATTN: GTO - STANDBY DEPT ON FEBRUARY 28, 2018 .
FUNDS UNDER THIS LETTER OF CREDIT ARE AVAILABLE BY YOUR SIGHT
DRAFT(S) DRAWN ON US, INDICATING OUR CREDIT NO. 68131518 ACCOMPANIED
BY THE BENEFICIARY'S SIGNED STATEMENT SIGNED BY AN AUTHORIZED
SIGNATORY STATING THAT:
"55 COX NECK ROAD REALTY, LLC HAS FAILED TO COMPLETE CERTAIN SITE
IMPROVEMENTS FOR THE FINAL PLAT OF SUBDIVISION, AS CALLED
OUT BY RESOLUTION OF THE TOWN OF SOUTHHOLD IN THE AMOUNT OF
IT IS A CONDITION OF THIS LETTER OF CREDIT THAT IT SHALL BE DEEMED
AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR ONE ADDITIONAL YEAR FROM
THE PRESENT, UNLESS ATLEAST FORTY-FIVE (45) DAYS PRIOR TO ANY SUCH
ORIGINAL
05-17-1486B 08-2016
.-�•'�an'k of America®®0
Merrill Lynch
BANK OF AMERICA - CONFIDENTIAL PAGE: 2
THIS IS AN INTEGRAL PART OF LETTER OF CREDIT NUMBER: 68131518
DATE, WE SHALL NOTIFY YOU IN WRITING BY CERTIFIED MAIL OR OVERNIGHT
COURIER AT THE ABOVE LISTED ADDRESS THAT WE ELECT NOT TO CONSIDER
THIS LETTER OF CREDIT EXTENDED FOR ANY SUCH ADDITIONAL PERIOD. IN
SUCH AN EVENT, THE LETTER OF CREDIT MAY BE DRAWN ON IN THE FULL
AMOUNT.
DRAFT(S) MUST STATE: "DRAWN UNDER BANK OF AMERICA, N.A. STANDBY L/C
NO. 68131518 DATED APRIL 26, 2017. "
WE HEREBY ENGAGE WITH YOU TO HONOR DRAFT(S) AS SPECIFIED ABOVE WHEN
ACCOMPANIED BY DOCUMENTS IN CONFORMITY WITH THE TERMS AND CONDITIONS
OF THIS LETTER OF CREDIT WHEN PRESENTED TO BANK OF AMERICA N.A. ONE
FLEET WAY PAG-580-02-03 SCRANTON PA.
PRESENTATION OF SUCH DRAFT(S) AND DOCUMENT(S) MAY BE MADE AT OUR
OFFICE LOCATED AT BANK OF AMERICA, N.A. , ONE FLEET WAY, MC:
PA6-580-02-30, SCRANTON, PA 18507-1999, BY OVERNIGHT COURIER, OR BY
TELECOPY TO FACSIMILE NO. 800-755-8743, CONFIRMED BY TELEPHONE TO
1-800-370-7519 OPT. NO. 1. RECEIPT OF SUCH TELEPHONE NOTICE SHALL NOT
BE A CONDITION TO PRESENTATION HEREUNDER. IF PRESENTED BY FAX,
DOCUMENTS ARE NOT REQUIRED TO BE SENT BY COURIER.
ADDRESS ALL CORRESPONDENCE REGARDING THE LETTER OF CREDIT TO BANK OF
AMERICA N.A. MENTIONING OUR LETTER OF CREDIT NO. 68131518.
EXCEPT AS OTHERWISE EXPRESSLY STATED HEREIN, THIS CREDIT IS ISSUED
SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS
(2007 REVISION) , INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO.
600 .
IF YOU REQUIRE ANY ASSISTANCE OR HAVE ANY QUESTIONS REGARDING THIS
TRANSACTION, PLEASE CALL 800-370-7519
AUTHO ZED SIGNATURE
THIS DOCUMENT CONSISTS OF 2 PAGE (S) .
ORIGINAL
05-17-1486B 08-2016
00
,wank of America'�0
Merrill Lynch
BANK OF AMERICA - CONFIDENTIAL PAGE: 1
SCRANTON STANDBY OUR REFERENCE: 68131518
TRADE OPERATIONS PA6-580-02-30
1 FLEET WAY MAY 24, 2017
SCRANTON PA 18507
AMENDMENT STATUS NOTIFICATION
APPLICANT REFERENCE NUMBER:
BENEFICIARY APPLICANT
THE TOWN OF SOUTHOLD 55 COX NECK ROAD REALTY, LLC
TOWN HALL ANNEX 350 MOTOR PARKWAY
54375 STATE ROUTE 25 SUITE 309
(COR. MAIN ROAD AND YOUNGS AVE) HAUPPAUGE, NY 11788
SOUTHHOLD, NY 11971
********** FOR INFORMATION PURPOSES ONLY **********
WE HAVE NOW BEEN ADVISED THAT THE FOLLOWING AMENDMENT WAS ACCEPTED BY
THE BENEFICIARY AS OF MAY 24, 2017 AND THE AMENDMENT IS NOW CONSIDERED
TO BE AN INTEGRAL PART OF THE ABOVE LETTER OF CREDIT.
THE TEXT OF THE REFERENCED AMENDMENT IS REPEATED HERE FOR YOUR
CONVENIENCE:
DELETE THE FOLLOWING-
"BY ORDER AND FOR THE ACCOUNT OF OUT CLIENT, 55 COX NECK ROAD REALTY,
LLC, NEW YORK, WE HEREBY ISSUE IN YOUR FAOVR OUR IRREVOCABLE"
AND REPLACE WITH-
"BY ORDER AND FOR THE ACCOUNT OF OUT CLIENT, 55 COX NECK ROAD REALTY,
LLC, NEW YORK, WE HEREBY ISSUE IN YOUR FAVOR OUR IRREVOCABLE"
WHERE IT READS "THE TOWN OF SOUTHHOLD" IN THE WORDING OF THE LETTER OF
CREDIT SHOULD NOW READ "THE TOWN OF SOUTHOLD" .
THE BENEFICIARY HAS BEEN AMENDED TO:
THE TOWN OF SOUTHOLD
TOWN HALL ANNEX
54375 STATE ROUTE 25
ORIGINAL
05-17-1486B 08-2016
_ O®
�SankofAmerica''�
Merrill Lynch
BANK OF AMERICA - CONFIDENTIAL PAGE: 2
(COR. MAIN ROAD AND YOUNGS AVE)
ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.
********** FOR INFORMATION PURPOSES ONLY **********
IF YOU REQUIRE ANY ASSISTANCE OR HAVE ANY QUESTIONS REGARDING THIS
AMENDMENT, PLEASE CALL 800-370-7519 .
THIS DOCUMENT CONSISTS OF 2 PAGE (S) .
ORIGINAL
05-17-1480 08-2016
Southold Town Board - Letter Board Meeting of August 15, 2017
RESOLUTION 2017-717 Item# 5.16
ADOPTED DOC ID: 13297
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 2017-717 WAS
ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON
AUGUST 15, 2017:
RESOLVED that the Town Board of the Town of Southold hereby accepts the Irrevocable
Standby Letter of Credit (ISLC) issued by Bank of America in the amount of$314,870.00 for the
proposed Clustered Standard Subdivision entitled"The Estates at Royalton", SCTM#1000-113-
7-19.23, located at 55 Cox Neck Road, Mattituck, as recommended by the Southold Town
Planning Board, subject to the approval of the Town Attorney.
Elizabeth A. Neville
Southold Town Clerk
RESULT: ADOPTED [UNANIMOUS]
MOVER: Louisa P. Evans, Justice
SECONDER:Robert Ghosio, Councilman
AYES: Dinizio Jr, Ruland, Doherty, Ghosio, Evans, Russell
r.
Generated August 16, 2017 Page 23
MAILING ADDRESS:
PLANNING BOARD AMAMERS "°o P.O.Box 1179
' � i ` '; " . Southold,NY 11971
DONALD J.WILCENSffi
Chair _� OFFICE LOCATION:
s Town Hall Annex
WILLIAM J.CREMERS 54375 State Route 25
PIERCE RAFFERTY a t :'
"� �;, .,, ' (cor.Main Rd. &Youngs Ave.)
JAMES H.RICH III
MARTIN H.SIDOR Southold,NY
Telephone:631765-1938
www.southoldtownny.gov
PLANNING BOARD OFFICE
August 15, 2017 TOWN OF SOUTHOLD
Mr. Steve Libretto
11605 Sound Avenue
Mattituck, NY 11952
Re: Accept Performance Guarantee - Proposed Clustered Standard Subdivision
for The Estates at Royalton
Located at 55 Cox Neck Road, approximately 490 feet north of Sound Avenue,
Mattituck
SCTM#1000-113-7-19.23 Zoning District: AC
Dear Mr. Libretto:
The Southold Town Planning Board adopted the following resolutions at a meeting held
on Monday, August 14, 2017:
WHEREAS, this proposal is for a Standard Subdivision of a 36.9 acre parcel into 12 lots
where Lots 1-11 equals 0.7 acres, and Lot 12 equals 12 acres, located in the A-C
Zoning District. This subdivision includes 15.2 acres of open space and 1.7 acres for a
proposed road; and
WHEREAS, on April 11, 2017 the Southold Town Planning Board accepted the Bond
Estimate for The Estates at Royalton dated September 8, 2016 in the amount of
$314,870.00, and
WHEREAS, on April 27, 2017, the Town of Southold received and Irrevocable Standby
Letter of Credit ("ISLC") in the amount of three hundred fourteen thousand eight
hundred seventy dollars ($314,870.00) dated April 26, 2017 from Bank of America on
behalf of the Applicant, 55 Cox Neck Road Realty, LLC, and
WHEREAS, pursuant to the terms of the ISLC, the ISLC is valid until February 28, 2018
and shall be renewed on a yearly basis unless the Town is receives written notice, at
least 45 days prior to the expiration date, that Bank of America has elected not extend
the letter of credit; therefore be it
RESOLVED, that the Southold Town Planning Board hereby accepts the Irrevocable
Standby Letter of Credit issued by Bank of New York N. A. dated April 26, 2017 in the
Estates at Royalton Eaqej 2 August 15, 2017
amount of$314,870.00 and recommends that the Town Board also accept the ISLC;
and be it further
RESOLVED, that the Applicant shall take all steps necessary to ensure that the
aforementioned ISLC remains in effect and is auto-renewed until final inspection and
sign off of all road and drainage improvements specified in the Bond Estimate dated
September 8, 2016 by the Town Engineer.
If you have any questions regarding the information contained in this resolution, please
contact the Planning Board Office.
e�ry��truly you S, _
James H. Rich III
Vice-Chairman
Cc: William Duffy, Town Attorney
Elizabeth Neville, Town Clerk
Southold Town Board - Letter Board Meeting of October 18; 2016
RESOLUTION 2016-926 Item# 5.15
ADOPTED DOC ID: 12346
THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 2016-926 WAS
ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON
OCTOBER 18, 2016:
RESOLVED that the Town Board of the Town of Southold hereby accepts Subdivision Draft
Bond Estimate in the amount of$314,870.00 for the proposed Standard Subdivision entitled
"The Estates at Royalton", SCTM#1000-113-7-19.23, located at 55 Cox Neck Road,,
approximately 490 feet North of Sound Avenue, Mattituck, as recommended by the Southold
Town Planning Board, subject to the approval of the Town Attorney.
Elizabeth A. Neville
Southold Town Clerk
RESULT: ADOPTED [UNANIMOUS]
MOVER: James Dinizio Jr, Councilman
SECONDER:Louisa P. Evans, Justice
AYES: Dinizio Jr, Ruland, Doherty, Evans, Russell
ABSENT: Robert Ghosio
Generated October 19, 2016 Page 29
MAILING ADDRESS:
PLANNING BOARD MEMBERS i tr, s`: - P.O.Box 1179
DONALD J.WILCENSHI , °? .: Southold,NY 11971
Chair '' _ � ,' OFFICE LOCATION:
WILLIAM J.CREMERS I) CA , _ � is Town Hall Annex
PIERCE RAFFERTY y ; 4_ w� t:' 54375 State Route 25
JAMES H.RICH III :A`a ^- - • { ' (cor. Main Rd. &Youngs Ave.)
MARTIN H.SIDOR "' r `63 i s
x. a .1 Southold,NY
Telephone: 631765-1938
www.southoldtownny.gov
PLANNING BOARD OFFICE
TOWN OF SOUTHOLD RECEIVED
October 4, 2016 "- OCT' - ' 201
;: {
Mr. Steve Libretto ,S6Uth0ld Town Clerk
11605 Sound Avenue
Mattituck, NY 11952
Re: Accept Bond Estimate - Proposed Clustered Standard Subdivision for The
Estates at Royalton
Located at 55 Cox Neck Road, approximately 490 feet north of Sound Avenue,
Mattituck
SCTM#1000-113-7-19.23 Zoning District: AC
Dear Mr. Libretto:
The Southold Town Planning Board adopted the following resolution at a meeting held on
Monday, October 3, 2016:,
WHEREAS, this proposal is for a Standard Subdivision of a 36.9 acre parcel into 12 lots
where Lots 1-11` equals 0.7 acres, and Lot 12 equals 12 acres, located in the A-C Zoning
District. This subdivision includes 15.2 acres of open space and 1.7 acres for a proposed
road; and
WHEREAS, on September 8, 2016, the Office of the Town Engineer submitted a Draft Bond
Estimate for The Estates at Royalton in the amount of $314,870.00; and
WHEREAS, on September 12, 2016, the Planning Board reviewed the Bond Estimate at their
Work Session and accepted the estimate in the amount of$314,870.00; therefore be it
RESOLVED, that the Southold Town Planning Board hereby accepts the Draft Bond
Estimate for The Estates at Royalton in the amount of$314,970.00 and recommends the
same to the Southold Town Board.
If you have any questions regarding the information contained in this resolution, please
contact the Planning Board Office.
Very truly off4111
s,
Donald J. Wilcenski
Chairman
4' 01 z
SCOTT A. RUSSELL ,i , . JAMES A. RICHTER, R.A.
SUPERVISOR ;° MICHAEL M. COLLINS, P.E.
TOWN HALL - 53095 MAIN ROAD �$A � r TOWN OFSSOUT OLD,5 9 EWORK 11971
Tel (631)-765-1560 ti -' F
MICHAEL.COI.LINS@TOA/N.SOUTHOLD NY,US JAMiI RICEIT'ER(uITOWN_SOUTHOLD NY.US
OFFICE OF THE ENGINEER
TOWN OF SOUTHOLD PST
SEP 0 & 2056
BOND ESTIMATE
ESTATES AT ROYALTON SUBDIVISION SovthcildT®wn
55 Cox Neck Road,Mattituck,New York,TOWN OF SOUTHOLD Planning Board
SCTM#1000-113.-07-19.23
DATE
September 8, 2016
ITEM QUANTITY DESCRIPTION UNIT PRICE AMOUNT
1. 1,200 L.F. EROSION&SEDIMENT CONTROL
Hay Bale/Wire Backed Silt Fencing 2.50 $ 3,000.00
2. L.S. STABILIZED CONSTRUCTION ENTRANCE L.S. 1,500.00
3. 1.4 ACRE CLEARING&GRUBBING $ 2,500.00 3,500.00
4. 6,700 S.Y. ROUGH GRADING-
UNCLASSIFIED EXCAVATION 2.00 13,400.00
5. 2,845 L.F. MOUNTABLE CONCRETE CURBING 16.00 45,520.00
DRAINAGE
6. 4 EACH 4'x 4'PRECAST CONCRETE CATCH BASIN
With 2'x 4'Cast Iron Grate&Frame 2,000.00 8,000.00
7. 5 EACH 12'Diameter PRECAST CONCRETE LEACHING CATCH BASIN
12'Deep with Cast Iron Grate&Frame 4,000.00 20,000.00
8. 10 EACH 12'Diameter PRECAST CONCRETE
LEACHING POOL. 12'Deep 3,500.00 35,000.00
9. 1 EACH 4'DIAMETER PRECAST CONCRETE MANHOLE
6'Deep with Solid Cast Iron Grate&Frame 2,000.00 2,000.00
10. 520 L.F. 18"DIAMETER DRAINAGE PIPE 30.00 15,600.00
11. 210 L.F. 24"DIAMETER DRAINAGE PIPE 35.00 7,350.00
12. 6,700 S.Y. FINE GRADING 1.50 10,050.00
SURFACING
13. 480 C.Y. %"STONE BLEND or RCA BASE(4"Thick) 50.00 2,400.00
14. 640 TONS ASPHALT BINDER COURSE-(2%"Thick) 90.00 57,600.00
15. 380 TONS ASPHALT WEARING COURSE-(1 %2"Thick) 90.00` 34,200.00
16. 5 EACH STREET LIGHTS 2,000.00 10,000.00
17. 19 EACH CONCRETE SURVEY MONUMENTS 100.00 1,900.00
18. 1 EACH AS-BUILT SURVEY - 5,000.00
19. 2,500 S.Y. TOPSOIL&SEED 2.50 6,250.00
20. 3 EACH STREET SIGNS 200.00 600.00
21. 58 EACH STREET TREES 250.00 14,500.00
22. 1 EACH FIRE WELL - 15,000.00
23. L.S. MAINTENANCE&PROTECTION
OF TRAFFIC. L.S. 2,500.00
BOND ESTIMATE TOTAL $314,870.00
6%ADMINISTRATION FEE $ 18,892.20