Red Hook WatchIndependent Community Resource

RESOLUTION APPROVING PERFORMANCE BOND REDUCTION FOR TRADITION AT RED HOOK SECTION 6

↑Meetings/Resolutions/30-2024
Activeformal_resolutionongoingApproves a reduction in the required performance bond for Tradition at Red Hook Section 6 from $310,747 to $183,131 based on the Town Engineer's determination that a further portion of the improvements have been satisfactorily completed, and authorizes the Supervisor, Town Clerk, Town Engineer, and Attorney to implement the reduction.
First seen
2024-04-24
Latest event
2024-04-24
adopted
Expires
—

Resolution text

RESOLVED

  1. Based on the report of the Town Engineer of the completed improvements for the Project, the required bond amount for Section 6 may be reduced to $183,131
  2. The Project remains subject to all other applicable requirements of Resolution #14 of 2022 as to Section 6 as amended March 22, 2023
  3. 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 Resolution #14 of 2022 adopted March 23, 2022, 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 a performance bond No. 790187584 in the amount of $431,807 regarding Section 6 of the Project
  • WHEREAS, pursuant to Resolution No. 16 adopted March 22, 2023, the Town Board authorized the reduction of the performance bond to $310,747
  • WHEREAS, by correspondence dated April 22, 2024, the Town Engineer has notified the Town Board that a further portion of the improvements contemplated under Section 6 of the Project have been satisfactorily completed, that a reasonable estimate of the uncompleted improvements in Section 6 is $183,131 and that it is recommended that the bond amount required for Section 6 be reduced accordingly

Lifecycle (1 event)

2024-04-24adoptedvote: unanimous
Approve a performance bond reduction for Tradition at Red Hook Section 6, reducing the bond amount from $310,747 to $183,131.
moved by McKeon · 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 amount for Section 6 may be reduced to $183,131
  2. The Project remains subject to all other applicable requirements of Resolution #14 of 2022 as to Section 6 as amended March 22, 2023
  3. 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 Resolution #14 of 2022 adopted March 23, 2022, 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 a performance bond No. 790187584 in the amount of $431,807 regarding Section 6 of the Project
  • WHEREAS, pursuant to Resolution No. 16 adopted March 22, 2023, the Town Board authorized the reduction of the performance bond to $310,747
  • WHEREAS, by correspondence dated April 22, 2024, the Town Engineer has notified the Town Board that a further portion of the improvements contemplated under Section 6 of the Project have been satisfactorily completed, that a reasonable estimate of the uncompleted improvements in Section 6 is $183,131 and that it is recommended that the bond amount required for Section 6 be reduced accordingly

Supersedes

16-2023
Subject key: tradition_at_red_hook_performance_bond