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2024-1132024-113 Resolution Accepting Performance Bond From Myers Run, LLC 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 April 22, 2024. The meeting was called to order by Joseph D. Cavaccini, Town Supervisor, and upon roll being called, the following was recorded: ✓ Vote Record - Resolution RES -2024-113 Yes/Aye No/Nay Abstain Absent Q Adopted ❑ Adopted as Amended Joseph D. Cavaccini Voter Q ❑ ❑ ❑ ❑ Defeated William H. Beale Voter Q ❑ ❑ ❑ ❑ Tabled Angela Bettina Voter ❑ ❑ ❑ Q ❑ Withdrawn Christopher Phillips Seconder Q ❑ ❑ ❑ Al Casella Mover Q ❑ ❑ ❑ The following Resolution was introduced by Casella and seconded by Councilman Phillips. WHEREAS, Myers Run, LLC ("Owner") is the owner of two parcels on Myers Corners Road, parcel numbers 135689-6358-03-032492-0000 and 135689-6258-04-976478-0000, and WHEREAS, on October 3, 2022, the Planning Board adopted a Resolution of Conditional Final Subdivision Approval which includes the obligation to secure a Surety Bond issued by Unity Casualty Surety Insurance Company bearing number UCSX333X3391 in favor of the Town of Wappinger in the amount of $278,900.00, and WHEREAS, Town Law §277 requires a developer of a proposed subdivision to guarantee the construction, installation, and dedication of the improvements required by the Resolution of Subdivision Approval, prior to issuance of any building permits, and WHEREAS, the Owner executed a Performance Agreement which requires it to complete the require public improvements for the Subdivision, and NOW THEREFOR BE IT RESOLVED AS FOLLOWS: 1. The Town Board hereby accepts the Performance Agreement executed by Myers Run, LLC with an address of 46 Vassar Road, Poughkeepsie, NY 12603 to guarantee the construction and dedication of the public improvements shown on the Myers Run Final Subdivision Plat as required by the Town of Planning Board Resolution of Approval dated October 3, 2022. 2. The Town Board hereby accepts the Bond Rider to Bond No. UCSX333X3391 issued by Unity Casualty Surety Insurance Company that is issued in favor of the Town of Wappinger, dated November 6, 2023 in the sum of $278,900.00, as security for the Performance Agreement to construct the public improvements pursuant to Town Law §277. The Town Clerk is hereby directed to file the Bond Rider together and the original Surety Bond and the Performance Agreement for Myers Run in his files for said subdivision. The foregoing was put to a vote which resulted as follows: RESULT: ADOPTED [UNANIMOUS] MOVER: Al Casella, Councilman SECONDER: Christopher Phillips, Councilman AYES: Joseph D. Cavaccini, William H. Beale, Christopher Phillips, Al Casella ABSENT: Angela Bettina Dated: Wappingers Falls, New York 4/22/2024 The Resolution is hereby duly declared Adopted. JOSEPH P. PAOLONI, TOWN CLERK