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2018-1902018-190 Resolution Accepting Undertaking Secured By Restoration Bond In Connection With Old Hopewell Commons - (Roberti/Thurston) 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 August 6, 2018. The meeting was called to order by Richard Thurston, Town Supervisor, and upon roll being called, the following was recorded: ✓ Vote Record - Resolution RES -2018-190 Yes/Aye No/Nay Abstain Absent 2 Adopted ❑ Adopted as Amended Richard Thurston Voter Q ❑ ❑ ❑ ❑ Defeated William H. Beale Mover Q ❑ ❑ ❑ ❑ Tabled Angela Bettina Voter Q ❑ ❑ ❑ ❑ Withdrawn Robert Johnston Voter 2 ❑ ❑ ❑ Michael Kuzmicz Seconder Q ❑ ❑ ❑ The following Resolution was introduced by Councilman Beale and seconded by Councilman Kuzmicz. WHEREAS, the TLA Realty, Inc. ("Owner") is the owner of a 6.45 -acre parcel of real property located on Sergeant Palmateer Way in the Town of Wappinger designated as Tax Parcel 6157-02-542585 (the "Property") which was granted conditional Site Plan Approval by the Town of Wappinger Planning Board; and WHEREAS, there are two outstanding conditions which must be fulfilled before site plan approval and building permits can be issued; and WHEREAS, during the SEQRA review process the Owner provided evidence that there was isolated habitat on the site for rare, threatened or endangered species; and WHEREAS, the Owner of the property made a request to allow the cutting of trees on the Property, prior to the issuance of a building permit; and WHEREAS, on July 16, 2018, the Planning Board granted the Owner's request to cut the trees in the area of Site Plan disturbance subject to the condition that the owner agree to replant trees in the event Site Plan Approval was not granted and said agreement was to be secured by a Bond, Letter of Credit or a Deposit of Cash in an amount fixed by the Engineer to the Town; and WHEREAS, the Owner has delivered to the Town an Undertaking secured by a cash Deposit of $5,000.00 as security for the faithful performance of the obligations set forth in the Undertaking; and WHEREAS, the terms of the Undertaking authorized the Town of Wappinger to draw against the aforementioned Restoration Bond posted in the event the Owner does not receive site plan approval and the project site is not restored in accordance with the terms of the Undertaking. 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 determines that the Undertaking executed by Supervisor Thurston and secured by a Cash Deposit in the sum of $5,000.00, is acceptable and sufficient as a guarantee to secure the obligation to restore the project site in the event the Owner does not fulfill the obligations to re -plant trees as provided in the Undertaking. 3. The Town Board hereby accepts the Undertaking dated August 6th, 2018, executed by Supervisor Thurston, secured by a Cash Deposit in the total sum of $5,000.00, as security for the faithful performance for the completion of the obligations set forth in the Undertaking. 4. The Town Supervisor is directed to deposit the aforementioned Cash Deposit in a bank account maintained by the Town, to be held in escrow, pending compliance with the terms of the Undertaking. The foregoing was put to a vote which resulted as follows: RESULT: ADOPTED [UNANIMOUS] MOVER: William H. Beale, Councilman SECONDER: Michael Kuzmicz, Councilman AYES: Thurston, Beale, Bettina, Johnston, Kuzmicz Dated: Wappingers Falls, New York 8/6/2018 The Resolution is hereby duly declared Adopted. P. PAOLONI, TOWN CLERK