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Oct 25, 2013 4:22 PMPublication: The Southampton Press

Towns May Now Use CPF To Buy Waterfront Properties

Oct 30, 2013 11:02 AM

A new state law will allow East End towns to use their bountiful Community Preservation Fund accounts to purchase oceanfront and bayfront properties, both developed and undeveloped, that are threatened by storms and sea level rise.

The law was approved by the New York State Legislature earlier this year and signed into law by Governor Andrew Cuomo last week.

The law updates the CPF bylaws to include beaches and lands that may be threatened if it is deemed a community benefit to have them protected.

State Assemblyman Fred W. Thiele Jr., who co-authored the law with State Senator Kenneth P. LaValle, said that such purchases would most likely be applied to vacant lands but, should the situation arise, it could allow for a developed parcel to be purchased and cleared of structures.

“It was spurred by concerns about climate change and sea level rise out there,” Mr. Thiele said. “There’s a far greater awareness of that now than there was when the CPF law was drafted in the 1990s and the understanding that there are certain properties that may be threatened and would be in the town’s interest to preserve.”

Generally, Mr. Thiele said, he could foresee a CPF purchase being employed to create a recreation area or a new public access.

The CPF is funded with revenues from a 2-percent tax on all real estate transfers. It has been authorized by voters to continue until at 2030.

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We need more public access to our beaches.
By oystercatcher (126), southampton on Oct 25, 13 5:39 PM
3 members liked this comment