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2022-56 2022-56 Resolution Accepting Undertaking Secured By Cash Deposit For Restoration In Connection With Myers Run 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 March 14, 2022. The meeting was called to order by Richard Thurston, Town Supervisor, and upon roll being called, the following was recorded: ✓Vote Record-Resolution RES-2022-56 2 Adopted Yes/Aye No/Nay Abstain Absent ❑ Adopted as Amended Richard Thurston Voter Q ❑ ❑ ❑ ❑ Defeated William H.Beale Voter 2 ❑ ❑ ❑ ❑ Tabled Angela Bettina Voter Q ❑ ❑ ❑ ❑ Withdrawn Christopher Phillips Mover 2 El El El Al Casella Seconder Q ❑ ❑ ❑ The following Resolution was introduced by Councilman Phillips and seconded by Casella. WHEREAS, Myers Run, LLC ("Applicant/Owner") is the applicant/owner of two parcels of real property totaling 30.9 acres located on Myers Corners Road in the Town of Wappinger designated as Tax Parcels 6258-04- 976478 and 6258-04-032492 (the "Property") which is being reviewed for Subdivision and Site Development Plan Approvals by the Town of Wappinger Plannina Board; and WHEREAS, the Applicant/Owner has made a request, pursuant to § 217-28 of the Code of the Town of Wappinger, to allow for limited tree clearing on the Property,prior to the signing of the Final Subdivision Plat in order to have the trees cut within the allowable season to avoid impacts to Indiana Bats; and WHEREAS, the Applicant/Owner has delivered to the Town a Cash Deposit in the form of a Bank Check in the amount of$13,398 as security for the restoration of the property in the event that Final Approval is not granted; and WHEREAS, the terms of the Undertaking authorize the Town of Wappinger to draw against the aforementioned Cash Deposit in the event the Applicant/Owner does not receive Final Approval and the project site is not restored in accordance with the terms of the Undertaking. NOW, THEREFORE, BE IT RESOLVED, that the Town Board hereby determines that the Cash Deposit in the form of a Bank Check in the amount of$13,398 is acceptable and sufficient as a guarantee to secure the obligation to restore the project site in the event the Applicant/Owner does not fulfill its obligations as provided in the Undertaking; and BE IT FURTHER RESOLVED, that the Town Board hereby accepts the Cash Deposit in the total sum of $13,398, as security for the faithful performance for the completion of the obligations set forth in the Undertaking; and BE IT FURTHER RESOLVED, that 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: Christopher Phillips, Councilman SECONDER: Al Casella, Councilman AYES: Thurston, Beale, Bettina, Phillips, CasellaDated: Wappingers Falls, New York 3/14/2022 The Resolution is hereby duly declared Adopted. JOS P P. PAOLONI TOWN CLERK i