Southampton Town officials approved a purchase Tuesday of 8.4 acres of land, adjoining 115 acres of environmentally fragile woodlands known as the Tuckahoe Woods Target area.
The town will pay a negotiated price of $1 million for the vacant land located on Mountain Laurel Lane from the owner, identified by the town as the estate of William B. Platt III. The money will be paid by the town’s Community Preservation Fund.
The town’s resolution describes the property as “quiet woodland paths, stunning vistas and exceptional plant and animal habitat.”
The Southampton Town board passed a resolution last year to ramp up its preservation acquisitions by borrowing $30 million to buy land while it is relatively less expensive and available. The Community Preservation Fund’s reserves are obtained from a portion of real estate sales in the town per a state law.
The vote at the end of December to approve the bond passed with an amendment by Councilman James Malone mandating that the town set aside 10 percent of the Community Preservation Fund each year to pay for the debt service on the bond.
Above: Southampton Town Hall