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1976-06-02 SPM1 7s A Special Meeting of the Town Board of the Town of Wappinger was held on June 2, 1976 at 4:00 P.M. at the Town Hall, Mill Street, Wappingers Falls, New York. Notice of said meeting to each Board member was dated May 28, 1976, calling the meeting for 4:00 P.M. June 2, 1976, for the purpose of considering the acceptance of Performance Bonds for D.W.S. Holdings, Inc., Moccasin Hill Roads. Supervisor Diehl called the meeting to order at 4:29 P.M. Present: Louis Diehl, Supervisor Louis Clausen, Councilman Leif Jensen, Councilman Frank Versace, Councilman Elaine H. Snowden, Town Clerk Absent: Nicholas Johnson, Councilman Supervisor Diehl explained the purpose of the meeting was for consideration of the request from D.W.S. Holdings, Inc. to accept both a Performance Bond and a Maintenance Bond for the roads in tke entire Moccasin Hill Sghdivision, and simultaneously request the return of the cash security and maintenance bonds, in the amount of $24,632.50, placed with the Town of Wappinger for the roads in the first section of Moccasin Hill Subdivision. The Performance Bond offered was in the amount of $57,330.00, and 11110 the Maintenance Bond offered was in the amount of $38,411.10. 46. The following recommendations were received: May 27, 1976 Town Board Town of Wappinger Mill Street Wappingers Falls, N.Y. RE: Moccasin Hill - Bond Gentlemen: Please be advised that the bond, together with the rider, posted by DWS Holdings, Inc. to cover the roads in Moccasin Hill Subdivision is, in my opinion, sufficient to insure the completion of the roads to town specifications within a two year period. Very truly yours, s/ William P. Horton June 1, 1976 Town Board Town Hall Mill Street Wappingers Falls, New York Re: Moccasin Hill Subdivision Gentlemen: I have examined the bonds and the riders thereto and find them to be in order. I, therefore, find that once accepted by the Town Board, the cash deposits can be returned to the developer. Very truly yours, Corbally, Gartland & Rappleyea s/ Allan E. Rappleyea June 1, 1976 Town Board Town of Wappinger Town Hall - Mill Street Wappingers Falls, N.Y. Re: Moccasin Hill - Bond Gentlemen: PLease be advised that the bond, together with the rider, posted by DWS Holdings, Inc. to cover the roads in the Moccasin Hill Subdivision is, in my opinion, sufficient to insure the completion of the roads to Town specifications within a two year period. Very truly yours, s/ Rudolph E. Lapar, P.E. MR. DIEHL moved to accept the Performance Bond, in the amount of $57,330.00, and the Maintenance Bond, in the amount of $38,411.10, from D.W.S. Holdings Inc., for the entire roads in the Subdivision known as Moccasin Hill, and further, release and return to D.W.S. Holdings, Inc., the cash bond, in the amount of $24,632.50, which was deposited for the first section of said Moccasin Hill Subdivi- sion. Seconded by Mr. Jensen. Roll Call Vote: Councilman Clausen Abstain Councilman Jensen Aye Councilman Johnson Absent Councilman Versace Aye Supervisor Diehl Aye Motion Carried MR. JENSEN moved to adjourn the meeting, seconded by Mr. Versace and unanimously carried. The Meeting adjourned at 4:30 P.M. RatA)LQA-A SUAbociu„. Elaine H. Snowden Town Clerk Spl. Mtg. 6/2/76