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RESOLUTION APPROVING PERFORMANCE BOND REDUCTION FOR TRADITION AT RED HOOK SECTIONS 1 THROUGH 7 AND DCWWA SECTION 6 MAINTENANCE BOND

↑Meetings/Resolutions/26-2025
One-time (complete)formal_resolutionone_timeThe Town Board approves reduced performance bond amounts for Sections 1 through 7 of the Tradition at Red Hook subdivision project based on completed improvements, and authorizes conversion of the Section 6 water and wastewater performance bond to a one-year maintenance bond.
First seen
2025-03-26
Latest event
2025-03-26
adopted
Expires
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Resolution text

RESOLVED

  1. Based on the report of the Town Engineer of the completed improvements for the Project, the required bond amounts for Sections 1 through 7 may be reduced to: Section 1: $74,744; Section 2 and 3: $35,174; Section 4 and 5: $83,768; Section 6: $182,719; and Section 7: $68,445. There is no reduction in the required amount of $54,568 for Section 8
  2. The conversion of the performance bond No. 7901087585 for Section 6 water and wastewater improvements issued to Dutchess County Water and Wastewater and Town of Red Hook as dual obligees to a one year maintenance bond is hereby approved
  3. The Project remains subject to all other applicable requirements of the approving resolutions as to Sections 1 thorough 8
  4. The Supervisor, Town Clerk, Town Engineer, and Attorney for the Town may take all steps reasonable and necessary in consultation with the Attorney for the Town to implement the intent of this resolution
Show preamble — 3 WHEREAS clauses
  • WHEREAS, as a condition of the following resolutions, the developer of the Tradition at Red Hook, a 102 lot subdivision project to be developed in sections (formerly known as Hoffman TND project) (the "Project") delivered to the Town Clerk performance bonds or cash deposits in amounts regarding Sections 1 through 8 of the Project for subdivision improvements, which amounts were later reduced pursuant to recommendation of the engineer based on completed status as authorized by the Town Board
  • WHEREAS, by correspondence dated March 24, 2025, the Town Engineer has notified the Town Board that a further portion of the improvements contemplated under Sections 1 through 7 of the Project have been satisfactorily completed, that a reasonable estimate of the uncompleted improvements in such sections is set forth below, and that it is recommended that the bond amounts required for Sections 1 through 7 reduced accordingly
  • WHEREAS, by correspondence dated March 24, 2025, the Town Engineer has notified the Town Board that based on authorization of DCWWA, it is appropriate to authorize conversion of the water and sewer performance bond for Section 6 to a one year maintenance bond

Lifecycle (1 event)

2025-03-26adoptedvote: unanimous
Approve performance bond reduction for Tradition at Red Hook Sections 1 through 7 and conversion of DCWWA Section 6 maintenance bond.
moved by Hamel · seconded by Solomon
Show text snapshot for this event
Resolved
  1. Based on the report of the Town Engineer of the completed improvements for the Project, the required bond amounts for Sections 1 through 7 may be reduced to: Section 1: $74,744; Section 2 and 3: $35,174; Section 4 and 5: $83,768; Section 6: $182,719; and Section 7: $68,445. There is no reduction in the required amount of $54,568 for Section 8
  2. The conversion of the performance bond No. 7901087585 for Section 6 water and wastewater improvements issued to Dutchess County Water and Wastewater and Town of Red Hook as dual obligees to a one year maintenance bond is hereby approved
  3. The Project remains subject to all other applicable requirements of the approving resolutions as to Sections 1 thorough 8
  4. The Supervisor, Town Clerk, Town Engineer, and Attorney for the Town may take all steps reasonable and necessary in consultation with the Attorney for the Town to implement the intent of this resolution
Whereas
  • WHEREAS, as a condition of the following resolutions, the developer of the Tradition at Red Hook, a 102 lot subdivision project to be developed in sections (formerly known as Hoffman TND project) (the "Project") delivered to the Town Clerk performance bonds or cash deposits in amounts regarding Sections 1 through 8 of the Project for subdivision improvements, which amounts were later reduced pursuant to recommendation of the engineer based on completed status as authorized by the Town Board
  • WHEREAS, by correspondence dated March 24, 2025, the Town Engineer has notified the Town Board that a further portion of the improvements contemplated under Sections 1 through 7 of the Project have been satisfactorily completed, that a reasonable estimate of the uncompleted improvements in such sections is set forth below, and that it is recommended that the bond amounts required for Sections 1 through 7 reduced accordingly
  • WHEREAS, by correspondence dated March 24, 2025, the Town Engineer has notified the Town Board that based on authorization of DCWWA, it is appropriate to authorize conversion of the water and sewer performance bond for Section 6 to a one year maintenance bond
Subject key: tradition_at_red_hook_performance_bonds