Carnation Properties, Inc

LEGAL NOTICE
NOTICE OF PUBLIC HEARING

NOTICE IS HEREBY GIVEN that pursuant to the provisions of Chapter 17 (Community Preservation Fund) and Chapter 70 (Agricultural Lands) of the Town Code, the Town Board of the Town of Southold hereby sets Tuesday, May 22, 2018, at 4:32 p.m., Southold Town Hall, 53095 Main Road, Southold, New York as the time and place for a public hearing for the purchase of a development rights easement on property owned by Carnation Properties, Inc. Said property is identified as part of SCTM #1000-109.-1-10.1. The address is 23195 NYS Route 25 in Cutchogue. The property is located in the Agricultural-Conservation (A-C) Zoning District and is situated on the northerly side of NYS Route 25 approximately 1482 feet west of Alvah’s Lane in Cutchogue, New York. The proposed acquisition is for a development rights easement on a part of the property consisting of approximately 51.6± acres (subject to survey) of the 53.472± acre parcel.

The exact area of the acquisition is subject to a Town-provided survey acceptable to the Land Preservation Committee and the property owner. The easement will be acquired using Community Preservation Funds. The purchase price is $62,790.00 (sixty-two thousand seven hundred ninety dollars) per buildable acre, estimated at $3,239,964.00 (three million two hundred thirty-nine thousand nine hundred sixty four dollars) for the 51.6± acre easement. Purchase price will be adjusted at time of closing based on final survey acreage determination, plus acquisition costs.

The property is listed on the Town’s Community Preservation Project Plan as property that should be preserved due to its agricultural and aquifer recharge area values.

FURTHER NOTICE is hereby given that a more detailed description of the above mentioned parcel of land is on file in Land Preservation Department, Southold Town Hall Annex, 54375 Route 25, Southold, New York, and may be examined by any interested person during business hours.

Dated:  May 8, 2018BY ORDER OF THE TOWN BOARD
OF THE TOWN OF SOUTHOLD
Elizabeth A. Neville
Southold Town Clerk