2006-055RESOLUTION: 2006-55
Resolution Accepting a Performance Agreement Secured by Letter of Credit
for Tuscany Subdivision
At a regular meeting of the Town Board of the Town of Wappinger, Dutchess
County, New York, held at Town Hall, 20 Middlebush Road, Wappingers Falls, New
York, on the 13th day of February 2006, at 7:30 P.M.
The meeting was called to order by Joseph Ruggiero, Supervisor, and upon roll
being called, the following were present:
PRESENT: Supervisor -
Councilmembers -
ABSENT:
Joseph Ruggiero
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Vincent F. Bettina
Joseph P. Paoloni (arrived at 8:03 pm)
Maureen McCarthy
The following Resolution was introduced by Ms McCarthy and seconded
by mr. Bettina
WHEREAS, Creekview Holdings, Ltd., has made application to the Town of Wappinger
Planning Board to approve the subdivision of land, more particularly described in a
Subdivision Map entitled Section Tuscany Subdivision, prepared by M.A. Day
Engineering dated October 14, 2002, and subsequently revised from time to time; and
WHEREAS, the Town of Wappinger Planning Board granted Final Conditional
Subdivision Approval by Resolution dated February 7, 2005 subject to and conditioned
upon completion of the conditions set forth in the aforementioned Resolution, and subject
to certain improvements being made and constructed as set forth in the aforesaid
Subdivision Map and related Contract drawings, all in accordance with the Town of
Wappinger Subdivision Regulations, Zoning Code, Highway Specifications, Rules and
3. The Irrevocable Letter of Credit issued by Mahopac National Bank bearing No.
200573, issued in favor of the Town of Wappinger dated February 2, 2006 is hereby
accepted as security for the original Performance Agreement and both the original Letter
of Credit and the original Performance Agreement in the amount of SIX HUNDRED
EIGHT TWO THOUSAND TWO HUNDRED and 00/100 ($682,200.00) DOLLARS,
Have been placed on file with the Town Clerk.
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Abstain _
Absent
_._. _
Adopted
❑ Adopted as Amended
❑ Defeated
❑ Tabled
❑ Withdrawn
Joseph R u iero
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Robert Valdati_ _ ❑ ❑
Vincent Bettina _.. ❑ _. __. _ ❑
Joseph Paoloni ❑_ _❑ _
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Maureen McCarthy�❑ ❑�
Dated: Wappingers Falls, New York
January 13, 2006
The Resolution is hereby duly declared adopted.
PkN C. MASTERSON, TOWN CLERK