East Hampton Town will spend $3.2 million to acquire a 26.7-acre site, the latest of its Community Preservation Fund acquisitions.
The fund uses money generated by a 2 percent tax on real estate sales that exempts the first $250,000 of the price. All five East End towns participate in the fund. Revenue from land sales in a town can be used in the town for preservation acquisitions.
The newest purchase is at Route 114 and 6 Pole Highway in Wainscott. It is owned by a corporation named 11963 Inc.
Chris Wilson, the town’s land management director, said the all-woodland site is part of the Pine Barrens and a groundwater protection area.
At an East Hampton Town Board meeting Thursday night, Gene Makl of the East Hampton Trails Preservation Society praised the acquisition of the site, which he said is contiguous with other preserved land and has connecting trails.
Another speaker urged the town to push ahead on the preservation of 8.9 acres in the Freetown area of East Hampton. The town has made an offer to purchase the site, at Oakview and Middle highways, but it was rejected.