2006-1472006-147 6cO p..
Resolution Authorizing Acceptance of Subdivision Bond for the Woods Edge 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 June 12th,
2006.
The meeting was called to order by Joseph Ruggiero, Supervisor, and upon roll being
called, the following were present:
PRESENT: Supervisor - Joseph Ruggiero
Councilmembers - Robert L. Valdati
Vincent F. Bettina
Joseph P. Paoloni
Maureen McCarthy
ABSENT:
The following Resolution was introduced by Councilman Valdati and seconded by
Councilwoman McCarthy.
WHEREAS, Paggi, Martin & Del Bene, LLP, Engineers to the Town, by letter dated
May 18th, 2006, determined the amount of the security (bond) necessary to be posted to secure a
Performance Agreement for the improvements required in connection with the Woods Edge
Subdivision in the Town of Wappinger, a copy of said letter is attached hereto; and
WHEREAS, the calculation has determined that the total amount of the security shall be
One Hundred Sixty -Five Thousand Dollars and 00/100 ($165,000.00)
NOW, THEREFORE, BE IT RESOLVED, as follows:
1. The recitations above set forth are incorporated in this Resolution as if fully set
forth and adopted herein.
2. The Town Board hereby resolves that it will accept a Performance Agreement
secured by a Surety Bond or Letter of Credit in the sum of One Hundred Sixty -Five Thousand
Dollars and 00/100 ($165,000.00) to guarantee the construction of various improvements to be
made in connection with the development of the Woods Edge Subdivision.
3. The Performance Agreement secured by a Surety Bond or Letter of Credit in the
amount of One Hundred Sixty -Five Thousand Dollars and 00/100 ($165,000.00) shall be subject
to acceptance in such form as approved by the Attorney to the Town of Wappinger.
The foregoing was put to a vote which resulted as follows:
JOSEPH RUGGIERO, SUPERVISOR
Voting:
AYE
ROBERT L. VALDATI, COUNCILMAN
Voting:
AYE
VINCENT F. BETTINA, COUNCILMAN
Voting:
AYE
JOSEPH P. PAOLONI, COUNCILMAN
Voting:
AYE
MAUREEN McCARTHY, COUNCILWOMAN
Voting:
AYE
D
Dated: Wappingers Falls, New York
6/12/2006
The Resolution is hereby duly declared adopted.
C. N tkSTERSOM, TOWN CLERK