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2005-1391012412005.RGM motorized mountain bikes and hope this will be a signal to the adjacent property owners that we are serious about eliminating park destruction. Mr. Ennesser also presented photos taken on sight that illustrated the property damage inflicted by the motorized vehicles. • Flusher Truck and Vactor—Graham Foster, Highway Superintendent went over his memo sent to the Town Board in regard to replacing the tank on the Flusher Truck and for repair of the Vactor. Attached with the requests were quotes for both vehicles. He would like to amend tonight's Resolution No. 145 to include going out to bid for replacement of the tank on the Flusher Truck and repairing the Vactor at a cost of $8,500. RESOLUTION NO. 2005-139 RESOLUTION AUTHORIZING REDUCTION IN SECURITY FOR MEADOWOOD SUBDIVISION, PARCEL I, SECTION 1 The following Resolution was introduced by Councilwoman McCarthy and seconded by Councilman Bettina. WHEREAS, in connection with the Meadowood Subdivision, Parcel 1, Section 1, Meadowood Development Corp. by Steve Domber, its President originally executed and posted a Performance Agreement secured by a Letter of Credit; and WHEREAS, in connection with the Meadowood Subdivision, Parcel 1, Section 1, the Performance Agreement was secured by a Letter of Credit (No. SB 906391.2000) issued by Manufacturers and Traders Trust Company in favor of the Town of Wappinger in the sum of Nine Hundred Eight Thousand Two Hundred Dollars ($908,200) posted by the O'Donnell Group, LLC, the owners of the subdivision; and WHEREAS, the O'Donnell Group, LLC has requested a reduction in the security posted pursuant to the aforementioned Performance Agreement in light of the construction, work performed, inspected, completed and approved as of this September 7, 2005; and WHEREAS, Engineer to the Town, Paggi, Martin & Del Bene, by Peter J. Paggi has recommended, by letter dated September 7, 2005, that a reduction in security to the sum of One Hundred Seventy -Five Thousand Two Hundred Dollars ($175,200.00) is warranted because of the substantial amount of construction and work performed, completed, inspected and approved. A copy of Mr. Paggi's letter is attached hereto as Exhibit "A". NOW, THEREFORE, BE IT RESOLVED, as follows: 1. The recitations above set forth are incorporated in this Resolution as if fully set forth an adopted herein. J J J 10/24/2005.RGM 2. The Town Board hereby authorizes a reduction in the posted security to One Hundred Seventy -Five Thousand Two Hundred Dollars ($175,200.00) which is to be reflected in a new Letter of Credit issued on behalf of the O'Donnell Group LLC in favor of the Town of Wappinger pursuant to a new Performance Agreement to be executed by the O'Donnell Group, LLC. The foregoing was put to a vote which resulted as follows: Joseph Ruggiero, Supervisor Voting Aye Robert Valdati, Councilman Voting Aye Vincent Bettina, Councilman Voting Aye Maureen McCarthy, Councilwoman Voting Aye Joseph Paoloni, Councilman Voting Absent The Resolution is hereby duly declared adopted. RESOLUTION NO. 2005-140 RESOLUTION AUTHORIZING REFUND OF UNUSED ESCROW FUNDS FOR SEEDING AT 1591 ROUTE 9D The following Resolution was introduced by Councilwoman McCarthy and seconded by Councilman Valdati. WHEREAS, on or about April 1, 2005 William Verlin Deposited Two Thousand and 00/100 ($2,000.00) with the Town of Wappinger for seeding for E 1591 Route 9D, and L WHEREAS, William Verlin has requested a refund in the amount of Two Thousand and 00/100 ($2,000.00) and has been recommended by George Kolb, Director of Code Enforcement to the Town of Wappinger, in his letter dated September 28, 2005 to the Town Board Members. 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. Payment is approved in the amount of Two Thousand Dollars and 00/100 ($2,000.00) made payable to William Verlin, Account Number 04-950, for the refund of the unused escrow funds deposited for the property located at 1591 Route 9D. The foregoing was put to a vote which resulted as follows: Joseph Ruggiero, Supervisor Voting Aye Robert Valdati, Councilman Voting Aye Vincent Bettina, Councilman Voting Aye Maureen McCarthy, Councilwoman Voting Aye Joseph Paoloni, Councilman Voting Absent The Resolution is hereby duly declared adopted. RESOLUTION NO. 2005-141 RESOLUTION AUTHORIZING REFUND OF UNUSED ESCROW FUNDS FOR PAVING OF DRIVEWAY AT 67 KETCHAMTOWN ROAD 3