Tag Archive | "CPF"

CPF Revenues Up 11 Percent

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Assemblyman Fred W. Thiele Jr. announced on Monday that the Peconic Bay Community Preservation Fund has produced revenue of $71.82 million for this year thus far, an 11-percent increase over the same period in 2013.

“The CPF continues to see steady growth in revenues in the first nine months of 2014, exceeding 2013 by 11 percent. 2013 was the second largest year for CPF revenues, exceeded only by 2007. For the first nine months, CPF revenues have been consistently between $7 and $10 million per month,” Mr. Thiele said in a release.

CPF revenues in East Hampton Town have increased by 2.1 percent in the past year, from $20.92 million to $21.36 million.  Southampton Town brought in a whole 12.9 percent more in CPF revenues this year. According to Mr. Thiele, CPF revenues are on track to bring in more than $95 million by the end of the year, “the highest annual total since 2007 before the Great Recession,” he said.

“This reflects the continued strength and stability in East End real estate and the continued availability to local Towns of the necessary revenues to protect community character,” Mr. Thiele added.

CPF Up 5 Percent for Year

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The Peconic Bay Community Preservation Fund has raised $28.26 million for the first five months of the year, a 5 percent increase over the same period last year when it collected $36.38 million, according to Assemblyman Fred W. Thiele Jr.

Since it was created in 1999, the CPF, which is funded by a real estate transfer tax in the five East End towns, has collected$923 million.

It is on pace this year to better the 2013 totals, which was the second most successful year in its history, after 2007.

“This reflects the continued strength in East End real estate and the continued availability to local towns of the necessary revenues to protect community character,” he said in a release.

Southampton is leading all towns,  collecting a total of $22.5 million this year, while East Hampton has collected $11.66 million. Southold has collected $1.7 million, Riverhead $1.58 million, and Shelter Island, $820,000.

Thiele & LaValle Create CPF Advisory Opinions Bureau

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Since its inception in 1998, the Peconic Bay Community Preservation Fund has raised approximately $757 million, which the five East End towns have used to preserve open space, farmland, historic buildings and places as well as recreational fields. During its tenure as a resource for preservation, the bounds of the CPF have been questioned for concepts like a 2008 proposal between East Hampton, Southampton and Sag Harbor to use CPF funds to preserve Bay Street Theatre in Sag Harbor, which was ultimately deemed a purchase that went beyond the intentions of the law.

The revenue for the fund is derived from a two-percent real estate transfer tax. It expires on December 31, 2030.

Last week, the architects of the CPF, New York State Assemblyman Fred W. Thiele, Jr. and New York State Senator Ken LaValle, announced they have created a Peconic Bay Regional Community Preservation Fund Advisory Opinions Bureau in an effort to have a specific group ensure the effective and consistent administration of the fund.

The 11-member bureau will also provide legal opinions and interpretations regarding any questions that are raised about how the five East End towns — East Hampton, Sag Harbor, Southampton, Shelter Island and Riverhead — are expending their CPF monies.

A representative from each of the five towns, appointed by the town supervisor, will serve on the board as will a representative from each of the East End villages. Thiele and LaValle will also appoint five members of the public at large.

“This Advisory Bureau will institute oversight measures to help protect the integrity of the Community Preservation Fund,” said Thiele. “The Peconic Bay Region taxpayers and communities deserve to know that the Fund is being implemented appropriately and consistently throughout the region.”

“Transparency and accountability to taxpayers is essential to the fund’s continued success,” said Senator LaValle.

2011 CPF Revenues Down for Most Towns

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This week, New York State Assembly Fred W. Thiele, Jr. announced that the Peconic Bay Community Preservation Fund (CPF) totals for 2011 were on par with revenues collected by the five towns in 2010.

According to Thiele, the CPF produced $58.85 million in 2011, a 0.1 percent increase over the 2010 total of $58.78 million. While total CPF revenues were slightly higher in 2011, the five East End towns with the exception of Southampton have actually seen a decline in the amount of revenues they have collected through the fund.

Southampton Town earned about 15-percent more in 2011, pulling in $38.88 million in CPF revenues over $33.79 million in 2010.

Shelter Island saw the largest decrease in CPF revenues, down 39.7 percent for 2011, collecting $820,000. East Hampton Town also saw a sharp decrease, taking in $13.86 million in 2011 compared to $17.72 million in 2010, a 21.8-percent decrease. Riverhead collected $1.93 million in 2011, a decrease of 15.7-percent over the $2.29 million the town earned in 2010. Southold also saw a decrease of 7.5-percent, taking $3.35 million in 2011 compared to $3.62 million in 2010.

Since its inception in 1999, the Peconic Bay Regional Community Preservation Fund has generated more than $722 million, which the five East End towns use for preservation of open space, farmland, recreational facilities and historic preservation.

East End Digest: December 17 – December 24

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Quilts Donated to Southampton Hospital Maternity Center

Southampton Hospital recently received a very generous donation of more than 45 quilts and wall hangings from the Eastern Long Island Quilters Guild based in Southold. The group of approximately 300 quilters from all over the East End donates their hand-made items to the Kathleen D. Allen Maternity Center at Southampton Hospital every December. Additionally, the group makes wheelchair and baby-sized quilts. Fabric donations are always welcome. For more information, call 631-723-0244 or visit their website at www.ELIQG.com.

Above: (l to r) Betty Commander, RN; Jean Bernhardt; Kathleen Pierce and Theresa Kumbatovich, LPN

Peconic Bay
CPF Rev’s Stay Steady

Assemblyman Fred W. Thiele, Jr., reported last week that revenues for the Peconic Bay Community Preservation Fund (CPF) have increased by 8.6% percent for October 2009 as compared to the same month in 2008. For September 2009, the CPF generated $4.21 million. In 2008, the CPF generated $3.88 million for the same month. September marks the 5th consecutive month of improving CPF revenue. For the year, the CPF has generated $30 million for 2009 to date, compared with $50.4 million in 2008, or a 40.5 percent decline.
While revenues for September 2009 increased compared with a year ago, the number of transactions has declined by 7% for September 2009. For the first nine months of 2008 there were 5,444 transactions. For the same period in 2009 there were 4150, or a 23.8% decline for the year.
“The most recent CPF numbers clearly demonstrate two things. First, because of the national economic recession, the annual revenue expected to be generated for 2009 will be in the range of $36-38 million which will be the lowest year since 2001. However, for the last five (5) months the trend has improved with the highest monthly revenues of the year, said Thiele.

Southampton Town
Virtual Tax Office

With the first installment of property taxes due by January 10, Southampton Town residents have an easier way to pay this year, says a release from supervisor Linda Kabot’s office. Taking advantage of a series of technological improvements, tax receiver Theresa Kiernan reported that all tax bills can now be viewed, printed or paid online. To do so, residents can log on to www.southamptontownny.gov and click the link for “Online Services” at the left of the screen.

“It’s a great way to receive proof of payment right on the spot,” said Kiernan. “There’s no longer any risk of it getting lost in the mail. And since there’s no need to fax copies of bills, it cuts down on paperwork at both ends.”

Among the new methods of payment are electronic checks via the automated clearinghouse (ACH) network, with American Express, Discover, MasterCard and Visa credit cards accepted over the internet. A one dollar fee will be charged for each ACH transaction and a two percent fee will be applied for credit card processing.

With more than 50,000 taxable parcels in the Town of Southampton, Kiernan’s office collects over $300 million annually in school, county and town taxes. Over 65 percent of bills are paid directly to the town by individuals, with the remaining 35 coming from banks for taxes included in mortgage payments.

“People should try it out,” advised Kiernan. “No one likes paying taxes, so the more convenient we can make it, the better.”

Southampton Town
GOP Screens Sag Harbor Dentist

The Southampton Town Republican Committee screened candidates for a special election on Thursday evening, December 3. The group was in session for several hours at the Villa Tuscano Restaurant in Hampton Bays as the committee heard from potential office seekers hailing from nearly every corner of the town.

The evening began with Supervisor Linda Kabot thanking committee members and their alternates for their support over the years and particularly during the 2009 campaign. She also stated she will not seek the Republican nomination for Town Council.
In addition to three other candidates, the committee interviewed Dr. Tod Granger, who has a dental practice in Noyac and lives in Sag Harbor Village After retiring from 24 years of military service and attaining the rank of Lieutenant Colonel, Dr. Granger has restarted his dentist practice in the Sag Harbor area. Born in Southampton Hospital and raised in Sag Harbor, he served on the Village Board of Trustees from 1988-1992, as well as on the boards of other town and community organizations.

The committee said they will likely make a decision by the second week of January at a special convention.

Southampton Town

Mortgage Tax Revenue

The East End Supervisors and Mayors Association unanimously approved a resolution on Monday, December 7, by Southampton Town Supervisor Linda Kabot petitioning Suffolk County to distribute mortgage tax revenues owed to local municipalities earlier and more frequently, said a press release distributed by Kabot’s office. The release stated that Kabot has also called upon County Executive Steve Levy to move the initiative forward.

The release continued, saying under the present system, Suffolk County collects mortgage tax revenues and disburses them to its ten townships under state law. However, funds are allocated biannually with a six month lag. In contrast, proceeds from the two percent real estate transfer tax are distributed to each East End town for their Community Preservation Funds on a monthly basis. Kabot said she would like to see the mortgage revenues distributed in a similar fashion, or at least quarterly.

“Since towns rely on mortgage tax revenues to support certain operating expenses, the ability to receive the proceeds on a timelier basis is critical to cash flow needs – particularly during tight budgetary times,” said Kabot.

The Southampton Supervisor also noted how the financial pressures an economic downturn exerts on a municipality can be considerable, especially if it is a local government that is dependent on revenues that are volatile and based on real estate and construction activities. Most of the past 10 years brought in over $12 million annually for Southampton, but the recent slump in home and land sales have put the number around $5.5 million for 2009 and an anticipated $6 million for 2010.

“Towns and villages are finding it more difficult to meet expenses according to their adopted spending plans,” said Kabot. “Like many households, they are living ‘paycheck-to-paycheck’ and this plan would let the payments come sooner and with more accurate predictions regarding the amounts for the following month.”

South Shore
Disaster Area

New York Congressman Tim Bishop sent a letter to New York State Governor David Paterson earlier this month urging him to request a federal disaster declaration from the Federal Emergency Management Agency (FEMA) for areas struck by recent storm occurrences along the south shore of Long Island. Such actions would allow federal disaster aid to supplement state and local recovery efforts in the areas that have experienced significant shore erosion, navigation degradation or asset damage, said a press release published by Bishop’s office.
Estimates of the damages to Suffolk County communities from the recent effects of Tropical Storm Ida exceed $26 million, continued the release.
“It is critical for the Governor to issue a disaster declaration as soon as possible for the south shore of Long Island to ensure our communities have adequate protection against future storms and that our maritime industries do not face further economic burden,” said Bishop. “Following the Governor’s decision, I will be coordinating a meeting between federal, state and local agencies to determine the most effective steps forward toward protecting the resources and assets of south shore communities.”
To view a copy of the letter visit http://timbishop.house.gov/index.cfm?sectionid=39&sectiontree=3,39&itemid=1615.

East End
Helicopter Noise

During a tele-conference held on Friday, December 11, Congressman Tim Bishop reported that he has found a pre-existing law authorizing the Federal Aviation Administration (FAA) to dictate the flight routes of helicopter pilots. Working with Senator Charles Schumer, Congressman Bishop presented to FAA representatives a 1989 decision which Bishop says allows the FAA to regulate helicopter traffic. In order to reduce noise pollution caused by helicopters on the North and South Shore of Long Island, Congressman Bishop said a voluntary flight route, keeping the helicopters over water as long as possible, was unsuccessful due to noncompliance.
“The FAA are on board in terms of working with us in bringing this long festering problem [to a close],” said Congressman Bishop.

Kabot Wants to Create “Lock Box” For CPF

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In light of Southampton Town’s troubled finances and decreased revenues, supervisor Linda Kabot asked the town board to consider “lock boxing” money for the Community Preservation Fund (CPF). Kabot says the plan would allow the town to continue paying off the CPF’s annual debt without relying on the general fund to cover any shortfalls from decreases in transfer taxes, which is the CPF’s main revenue source.
“You would do this in your own home. If you had a mortgage and you lost your job, you would want a savings account to pay for your obligation,” explained Kabot. “We have a mortgage on the CPF program that is over $100 million.”
Over the past 10 years the town spent around $400 million on land purchases, continued Kabot, but only received $300 million in transfer tax revenue. The remainder of this expense was procured through bonding. This year the town will pay around $9 million towards the principal and interest on these bonds, though next year these payments will increase to roughly $10 million. Kabot said the town should be “judicious” when deciding whether to purchase a piece of property in the future as the town will most likely have to bond for future purchases.
“If we are getting $1 million a month in revenue that is $12 million for the year, minus $10 million which is spoken for for debt services, leaving us with $2 million if we are giving certain school districts and other eligible districts PILOTs [Payment In Lieu of Taxes],” explained Kabot. “If you’re going to be paying for land and you aren’t doing it on a pay as you go basis, you may be borrowing and that will increase your debt services.”
Based on recommendations made by former town comptroller Steve Brautigam, Kabot’s plan, which is in the form of a resolution, calls for the creation of a $1.2 million preliminary cushion fund. This money is already in CPF coffers and was transferred there at the end of 2008, when it was ascertained that the CPF fund paid too much into the town’s debt clearing fund.
CPF manager Mary Wilson said the second part of the resolution would “designate a portion of future monthly revenues” which would go into this rainy day or debt reserve fund. For the next six months of 2009, Brautigam proposed that $250,000 in CPF revenue be segregated for this fund. In 2010, the town would increase the allotted savings to $350,000 per month.
“The goal is to get up to a point where there is at least $11 million in this reserve fund or at least one year’s debt services,” said Wilson.
Current town comptroller Tamara Wright said the town’s projections of receiving around $1 million a month in revenue wasn’t conservative. She added that last month, the town received only slightly over $1 million, but in the prior months, received under $1 million.
“If we were planning conservatively, by my estimation, you would be almost $3 million short of being able to reserve adequately,” said Wright. “If the revenue streams stay where they are, paying for properties out of cash is going to be very difficult for the next 18 to 24 months.”
“The dilemma is that this is an unprecedented opportunity to stockpile open spaces at prices that aren’t going to stay at this level in our lifetime,” observed councilwoman Anna Throne-Holst. “We need to look at the bigger picture. It is estimated that for every $1 of land that is developed rather than preserved $1.30 is needed to provide services for the infrastructure that goes with that.”
Kabot said she hoped the board would come to a consensus vote at the next town board meeting on Tuesday, June 9.

Board Sets Costs For Managing CPF for Southampton

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Two weeks ago, the town of Southampton was able to use the Community Preservation Fund (CPF) to protect 22 acres near Bullshead Bay in Southampton owned by the Corwin family. At a public hearing on Friday afternoon, the CPF was discussed at the same meeting in which the town board talked about their tentative budget for 2009.

At the town’s work session last Friday, Mary Wilson, Community Preservation Fund Manager for the town presented a management and stewardship plan as required by the state. In July the state’s enabling legislation was amended to require a plan prior to the expenditure of CPF revenue for management and stewardship projects. This Stewardship and Management Plan is compiled to provide a description and estimated cost for each project to be expensed to the fund over a three-year period.

Wilson said that the projected management and stewardship costs for the next three years in Southampton is $1.8 million.

“We put in $500,000 for this year’s budget and $630,000 for 2010 and 2011,” said Wilson who stressed those numbers were only an estimate.

According to Wilson, the day-to-day expenses in taking care of properties purchased through CPF must also be presented in the plan, including the maintenance of properties, bicycle paths, security lighting, among other things.

At Friday’s work session, Councilman Chris Nuzzi asked Wilson, “Can we still pay for the staff out of CPF?”

Supervisor Linda Kabot replied, “We can pay for some staff but we don’t pay for groundskeepers and other prohibited expenses include elected official salaries, that was done at the state level in response to what happened in East Hampton Town.”

Last winter it was discovered that in East Hampton, CPF monies were borrowed to cover other expenses in town.

In the proposal there are four staff members considered as part of this plan. The management and stewardship plan specifically outlines which projects may benefit from the budget — it includes only those projects that promote the protection or enhancement of the natural, scenic and open space character of the property. The plan also outlines the nine areas that will be targeted as the highest priority for preservation such as the Long Pond Green Belt area of the Sag Harbor/Bridgehampton. 

The hearing was closed but left open with a 10 day written comment period. Kabot said the board would need to table it until November 12, for the next board meeting.

Preserving A Front Yard: Town to Purchase Land Around Customs House

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The Town of Southampton is poised to preserve two acres of woodlands and wetlands behind the Custom House on Main and Garden Street in Sag Harbor, as well as obtain a conservation easement for the large expanse of lawn in front of the historic structure.

According to Sag Harbor Mayor Greg Ferraris, the conservation easement on the front lawn is of particular importance as the lawn is large enough to be subdivided from the rest of the parcel as a conforming lot, and therefore could be a residential lot ripe for development should a subdivision occur. It was that very realization, he said on Monday, that prompted village officials to contact the Town of Southampton two years ago in the hopes the town would consider a purchase of the land through the Community Preservation Fund.

And now, it appears the town is just a public hearing away from solidifying a $750,000 purchase for the easement and over two-acres of woodland and wetlands behind the Custom House after negotiating with the land’s owner, the Society for the Preservation of Long Island Antiquities (SPLIA). The Village of Sag Harbor will be a third party beneficiary of the easement and will enter into a stewardship agreement with the Town of Southampton for the preserved acreage.

On Tuesday, August 12 the Sag Harbor Village Board of Trustees discussed the purchase at its regular board meeting with attorney Lauren Stiles of Twomey, Latham & Shea, the firm representing SPLIA in the purchase.

Stiles noted the way the conservation easement is written, both the village and the town will share rights to the lawn and will be able to host special events there.

According to the pending easement agreement, the village and the town will be able to host five events per calendar year on the front lawn, although only one event is allowed per month.

On Tuesday, Ferraris said the front lawn would be used for passive, public activities. Events like the children’s fair during HarborFest, which has traditionally taken place on the lawn, will continue at the space.

“It’s certainly my opinion this parcel not be farmed out for any commercial use other than it currently is at this time,” he said on Monday.

SPLIA will be sent a list of proposed event by the town and village for approval at the beginning of the summer season, according to the proposed easement.

SPLIA is not limited to the number of events they may host on the site, but Stiles noted the reason the easement is so specific is because SPLIA is contacted by a number of groups hoping for events on the lawn, and they try and limit allowances only for public events, historic events and those for children in the area.

The Sag Harbor Planning Board will have to hear a subdivision application by SPLIA to officially split the three-acre property into one parcel over two-acres for preservation and another parcel under one acre, which will house the Custom House and the front lawn. That parcel will continue to be owned by SPLIA.

On Tuesday, Ferraris added part of the agreement includes a provision where proceeds from the sale of the easement are held in a fund for maintenance and programming at the Custom House specifically.

The Custom House was originally the home of Henry Packer Dering, Sag Harbor’s first custom’s master in 1789. His son, Henry Thomas Dering, continued the family tradition, becoming customs master after his father.

“It really is a win-win situation,” said Ferraris of the impending purchase, noting it aids the village by protecting an important vista and space, and the town and SPLIA, which will be able to use the proceeds to continue their work, and maintain the Custom House.

“We have seen the difficulties organizations run into stewarding these properties,” said Ferraris on Monday. “It is important that the Custom House remain in its present condition.”



Southampton Town Questions CPF Bills

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Though the governor officially signed the legislation into law over a week ago, the Southampton Town Board is concerned with two new bills relating to the Community Preservation Fund. At a town board work session last Friday, board members seemed most at odds with an aspect of the legislation that states exactly what the CPF fund can be used for in terms of maintenance and stewardship of properties.
The town’s CPF manager Mary Wilson explained the law’s language, which does not allow the fund to be used for particular services to CPF properties, namely grass cutting and utilities costs. Instead such services will now have to be charged to the town’s general fund. Supervisor Linda Kabot described the maintenance issue as one of “practicality” since the acquisition of a property, by nature, entails upkeep. Though she mentioned the state’s need to mandate particular services.
“Other towns took it a major step, in cutting grass, paying council persons’ salaries, doing things that were all overt the map,” she said. “The state saw it better to control. So when you buy something, you have to know, eyes wide open, there might be a general fund impact. There will be parks department costs to cut the grass.”
She pointed out that currently the town’s fund is being used to maintain a Girl Scout camp off Red Creek Road in Hampton Bays purchased with the fund years ago.
“That will now have to be absorbed by the general fund,” she said. “That’s the law.”
Councilman Chris Nuzzi said he was under the impression that language was to be amended before the bill was signed. Kabot said there was discussion, but that an amendment never happened.
“I hope that in the future that’s something that can remain open,” said Nuzzi. “I think that is something that has to happen. It will get unwieldy for the general fund.”
He said the purpose of the law was to purchase land, maintain it and steward it.
“After a property is purchased, it doesn’t just disappear,” he said.
Nuzzi said there was real need to be cautious because the language could be a “disincentive to purchasing property.”
Kabot brought up the “divergent interests” of the five East End towns that benefit from the fund. She said in Southampton, there are more opportunities to use the fund for parks and recreation related properties and mentioned the town’s purchase of the Conscience Point Marina in North Sea.
“For a time, we were paying off things out of [the CPF fund] and now we have to transfer [those costs] to the general fund,” said the supervisor, who also said in the future those type of acquisitions could be less common.
The other bill that went into effect on July 23 has to do with a tax-exemption for first time homebuyers. The board took issue with the bill’s allowable income limits, which are defined by State of New York Mortgage Agency. The law as written sets a ceiling for a household’s income at $97,100 in order to be qualified for the exemption when purchasing a home.
“The state has not addressed fact that the average price of a home in Southampton or East Hampton is higher than in the town of Southold,” said councilwoman Nancy Graboski. “The exemption ought to reflect that.”
The board discussed the improbability of a family, whose income meets the threshold and who’s granted the exemption, ever being able to afford a property when the area median home price is roughly $800,000.
“At some point in the future this has to be addressed again,” said Nuzzi.

CPF Review Yields Greater Constraints

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The Peconic Bay Region Community Preservation Fund (CPF), which has just celebrated its 10th anniversary, has continued to be a focus in Albany. As the New York State Comptroller continues to hammer away at its audit of the fund in the five East End towns, the state legislature has just received final legislative approval to tighten the reins with fiscal oversight reforms.

Last week, State Senator Kenneth P. LaValle, Assemblyman Fred W. Thiele, Jr. and Assemblyman Marc Alessi announced the approval, which they say increases fiscal oversight, accountability, control and according to Thiele, most importantly, transparency over the CPF.

Ten years ago voters in the five East End towns – East Hampton, Southampton, Southold, Shelter Island and Riverhead – approved a two percent real estate transfer tax that provides the five municipalities with a fund to purchase and preserve open space, farmland, recreation and parkland sites as well as historic structures. The fund also allows for monies to be spent for stewardship and management of those parcels, and it is the language around that aspect of the law that is the focus of the new legislation.

“It really does a couple of things,” said Thiele on Tuesday. “First it increases transparency because it will require for stewardship and management that a plan be submitted that is subject to a public hearing. It also requires an annual audit of the fund, which must be available to the public, in each town, which leads to an increased transparency and accountability.”

Secondly, said Thiele, the reforms provide a clarification of what stewardship and management can entail.

“I think what was intended for stewardship and ordinary management was unclear,” said Thiele. “It is not cutting the grass at the park or painting the inside of a building.”

Thiele explained restoration and rehabilitation is allowed — in particular with historic structures — but routine maintenance is not.

“It was never intended to be used in that capacity,” he said.

Specifically, the legislation, which has been approved in all five towns and is awaiting the governor’s signature, requires each town to establish a management and stewardship plan for lands acquired through CPF which must be approved by a local law. CPF monies can only be spent for projects included in the plan, which can detail a three-year period of projects and must include project descriptions and estimated costs.

Eligible projects include those that “protect or enhance the natural, scenic, and open character of the land,” and accessory structures that “promote public access such as trails, boardwalks, bicycle paths, and parking areas.” The restoration of a property to its natural state, even it that includes the demolition of a structure, is also allowed. For buildings specifically purchased under the tenant of historic preservation, restoration and rehabilitation is allowed only, and expenses related to operation and maintenance of the building cannot be drawn from the CPF.

Towns do have the right, under the proposal, to enter into inter-municipal agreements to jointly acquire land or a structure through CPF, if it is a regional benefit, or to hire someone to perform independent audits for each town fund – an annual requirement under the fiscal measures. The audit must be performed by an independent certified public accountant and each year must be submitted to the New York State Comptroller.

While towns may still hire employees and independent contractors to handle CPF, according to the legislation, those salaries may only be taken care of by the fund if those employees are specifically working with CPF. Those costs are also subject to audit, said Thiele. Elected officials cannot draw any portion of their salary through CPF.

The State Comptroller’s Office is currently conducting its own audit of each of the five towns’ CPF, and according to Thiele, the findings should be available by the end of the year. Thiele said information on the five towns CPF will be released in one document.