[Added 6-28-1988 by L.L. No. 11-1988]
A. Land from which the development rights are to be transferred:
A 6.531-acre parcel and a 185.982-acre parcel located on the north
and south side of Sunrise Highway in the hamlet of East Quogue, being
two of the three westerly parcels of a total of seven parcels owned
by the applicants, more specifically bounded and described as shown
on a survey prepared by John J. Raynor, L.S., dated January 18, 1988,
entitled "Map of Survey of Property to be conveyed to Patrick E. Malloy
III, Malloy Enterprises, Inc. and Malloy Real Estate, Inc."
B. Consideration: Approximately 249.299 acres shall be
deeded and transferred to the Town of Southampton, with access from
Old Country Road and Montauk Highway over roadways to be constructed
in connection with the applicant's subdivision of the remaining parcels,
at no cost to the Town of Southampton.
C. Land to which the rights are to be transferred: A
total of three parcels, being an 18.727-acre parcel, a 8.518-acre
parcel and a 192,852-acre parcel, said parcels being located on the
north side of Montauk Highway and Old Country Road in the hamlet of
East Quogue, more specifically bounded and described as shown on a
survey prepared by John J. Raynor, L.S., dated January 18, 1988, entitled
"Map of Survey of Property to be conveyed to Patrick E. Malloy III,
Malloy Enterprises, Inc. and Malloy Real Estate, Inc."
D. Consideration. An increase in the permitted number
of lots on the applicant's easterly holdings from 90 to 114, each
having a minimum area of 40,000 square feet within the described land
area, which said increase will not alter the overall density of the
R-20, CR-120 or CR-200 Zones.