A.
The Town Board of the Town of East Hampton hereby finds that agriculture is one of the keystones to the economy of the town. Further, it contributes to the rural ambience of the town and is an essential part of the unique character which makes East Hampton aesthetically attractive. The Board further finds that agriculture is threatened by intense developmental pressures which affect all open space in the town. Since 1965 the town has seen its agricultural land decrease from over 2,900 acres to approximately 1,577 acres.
B.
An amendment to the Town Comprehensive Plan was adopted in 1982 with the goal of preserving at least 1,200 acres of the existing agricultural land. Among the tools needed to accomplish this goal is the purchase of development rights to agricultural lands pursuant to § 247 of the General Municipal Law. In 1981 the voters of the Town of East Hampton approved a bond issue of $1,500,000 to provide funds for such a program.
C.
To implement this program, the Board wishes to adopt this article to the Town Code. The Board also recognizes that in the future additional bond issues may also be approved and that a permanent mechanism is necessary to provide for such purchases in the future.
D.
The Board also finds that funds for development right purchases can most effectively be utilized only where other available farmland preservation tools are ineffective. Thus, the Board does not wish to utilize these funds to generally solicit offers, but rather to first assess the use of other preservation tools and only utilize these funds to purchase development rights when these other tools cannot avert the loss of prime agricultural land.