East Hampton Town Board voted unanimously on January 3rd—the first session of 2013—to purchase 2 parcels with CPF money. As you know CPF, Community Preservation Funds, is the kitty created by the 2% transfer tax on buyers of real property on the East End at below entry level prices.
The 11 acres in Springs was a subdivision off Neck Path owned by Julie Cochran. Neck Path is home to a considerable amount of preserved land, this 11 acres will add to that and preserve property in the highly sensitive water recharge area.
The second property owned by Barry Brown, backs on to 27 in Wainscott. It had been approved for 4 lots… fortunately we will not have 4 more lots accessing Montauk Highway at the entrance to East Hampton.
Both of significant value to future generations for different reasons!