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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 kMh0&yzkb31i 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. ,.�.`:of'J109:= 5. . ; MON, :._ Ye /A .e No/Na Abstain _ Absent _._. _ Adopted ❑ Adopted as Amended ❑ Defeated ❑ Tabled ❑ Withdrawn Joseph R u iero ..._.____ ❑ ❑ El _ ❑ _. ❑ ___. �❑ a�_. Robert Valdati_ _ ❑ ❑ Vincent Bettina _.. ❑ _. __. _ ❑ Joseph Paoloni ❑_ _❑ _ �� Maureen McCarthy�❑ ❑� Dated: Wappingers Falls, New York January 13, 2006 The Resolution is hereby duly declared adopted. PkN C. MASTERSON, TOWN CLERK