The Town of East Hampton possesses a rich heritage of scenic
and natural resources which are vital to the Town’s sense of
place and to its economic success as a resort community. The lands
which comprise these resources are rapidly being lost to development.
The Community Preservation Fund has provided the Town with the financial
resources and long-range vision necessary to protect these vital resources.
The updated Community Preservation Project Plan provides the opportunity
for the Town Board to assess its current protection priorities, and
is specifically authorized by § 64-e of the Town Law and will
serve as the basis for the expenditure of any monies realized under
the Community Preservation Fund Law’s 2% real estate transfer
tax, which is also authorized by § 64-e of the Town Law as well
as Article 31-D of the Town Law.
For the reasons set forth in Section I hereof, the Town Board hereby approves and adopts the
"Community Preservation Project Plan," as amended, prepared by the Town Planning Department and Land Acquisition and Management Department dated August 19, 2021, said plan being intended to constitute, in its revised form, the Community Preservation Project Plan which is required by § 64-e of the New York Town Law and Article
I ("Community Preservation Fund") of the East Hampton Town Code.