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Home My WebLink AboutSepenoski, John B Jr Telephone (631) 765-5711 Facsimile (631) 765-6640 OFFICE LOCATION: Town Hall Annex 54375 State Route 25 (comer of Main Road & Youngs A venue) Southold, New Yark MELISSA A. SPIRO LAND PRESERV AnON COORDINATOR melissa. spiro @town.southold.ny.us MAILING ADDRESS: P,O. Box 1179 Southold, NY 11971-0959 DEPARTMENT OF LAND PRESERVATION TOWN OF SOUTHOLD To: Elizabeth A. Neville Town Clerk From: Melanie Doroski Administrative Assistant Date: January 13, 2005 Re: JOHN B. sEPENOsKI. JR. to TOWN OF SOUTH OLD Development Rights - 35.0906 acres Premises: 37025 County Road 48, South old Closing held: December 1, 2004 Betty: Enclosed for safekeeping in your office, please find the following documents: · Suffolk County Clerk Records Office Recording Page · Suffolk County Recording & Endorsement Page · Original Deed of Conservation Easement dated December 1, 2004, between John B. Sepenoski and the Town of Southold, recorded in the Suffolk County Clerk's office on 12/9/04, in Liber D00012359 at Page 536 · Original Title Insurance Policy issued by LandAmerica 'Commonwealth on December 1, 2004, in the insured amount of $973,482.00 · Closing Statement Thank you. Melanie encs. cc: Assessors wI copy of recorded deed Jack Sherwood wI copy of recorded deed and survey map Town Board wlo encs. ........ .'11 1111111111111111111111111111111111111111111111111111111 1111111111111111111111111 SUFFOLK COUNTY CLERK RECORDS OFFICE RECORDING PAGE Type of Instrument: EASEMENT/DOP Number of Pages: 21 Receipt Number : 04-0134667 TRANSFER TAX NUMBER: 04-19388 Recorded: At: 12/09/2004 11:42:35 AM LIBER: PAGE: D00012359 536 Deed Amount: Section: 069.00 EXAMINED AND $973,482.00 Block: 01. 00 CHARGED AS Lot: 006.000 District: 1000 FOLLOWS Page/Filing COE TP-584 Cert.Copies SCTM Comm.Pres $63.00 $5.00 $5.00 $26.25 $0.00 $0.00 Above Instrument Exempt NO Handling NO NYS SRCHG NO Notation NO RPT NO Transfer tax NO $5.00 $15.00 $0.00 $30.00 $0.00 Exempt NO NO NO NO NO Received the Following Fees For Fees Paid $149.25 TRANSFER TAX NUMBER: 04-19388 THIS PAGE IS A PART OF THE INSTRUMENT THIS IS NOT A BILL Edward P.Romaine County Clerk, Suffolk County \Ö)LE ~ LE ~ ~!E~ \fù JAM 1 2 2005 UdJ c.~:·~ r.'F Lf t;~l FF E ':, E¡:.V,~ ~ I 'J~1 ~ . . . Number of pages TORRENS Serial # Certificate # Prior Crf. # , ...,. ¡,\ Deed / Mortgage Instrument 4 Page / Filing Fee Handling TP-584 Notation EA-52 17 (County) EA-52!7 (State) RP.T.S.A. tJ ~2 , Deed / Mortgage Tax Stamp FEES -- ..- - Sub Total 13- ~aJ Comm. of Ed. 5 O~ Affidavit of'-: - 6rtif,:?_c~y £L le cf2 5 Reg. Copy Other 3,]61)/1 [ ·t'r)rO-~1 I::> Sub Total GRAND TOTAL Real Property Tax Service Agency Verification Disl. Section Block Lot .,nnn n.::::nnn n1nn RA~nn RECOPDEr' 2004 C'ee 09 11: 42: 35 AM Edl!.!..:! t-,j P. RO[113 i ne CLERK OF SUFFOU: COUflT'! L ['ODD! 2359 F' 53t. [:'T# 04-1'3388 Recording / Filing Stamps Mortgage AmI. I. Basic Tax 2. Additional Tax Sub Total Spec.lAssit. Or Spec. / Add. TOT. MTG. TAX Dual Town Dual county_ Held for Apportionment Transfer Tax ,~' Mansion Tax. - The property covered by this mortgage is or will be improved by a one or two family dwelling only. YES or NO If NO, see appropriate tax clause on page # _of this instrument. 6 Community Preservation Fund Consideration Amount $ CPF Tax Due $ 11/24/04 DEED OF CONSERVATION EASEMENT THIS CONSEJ~.vATION EASEMENT ("Easement") is granted this /~ f day of DeúU'nþ(lr 2004, by JOHN B. SEPENOSKI, JR. ("Grantor") p. -/,.,...",,,,. r having an address of P.O. Box 120, Peconic, New York 11958 to THE TOWN OF SOUTHOLD ("Grantee"), a New York municipal corporation having an office at 53095 Main Road, P,O. Box 1179, Southold, New York. WHEREAS: A. Grantor is the owner of certain real property (the "Property") consisting of 34.3 acres, in 1 parcel located at 37025 County Road 48 in the Town of Southold, Suffolk County, New York, more fully described in EXHIBIT A attached hereto and shown on the survey dated April 14, 2004 and last revised September 28, 2004 and prepared by John C. Ehlers land Surveyor; and B. Grantee is a municipal corporation and has the authority pursuant to Section 247 of the General Municipal Law and Article 49, Title 3 of the New York Environmental Conservation Law (the "ECL") to acquire conservation easements. C. The Property consists primarily of productive agricultural land. The Property contains +30 acres of prime soils, and +5 acres of soils of statewide importance as defined by the U.S. Department of Agriculture Natural Resources Conservation Service, D. Article 14, Section 4 of the New York State Constitution states that "the policy of this state shall be to conserve and protect its natural resources and scenic beauty and encourage the development and improvement of its agricultural lands for the production of food and other agricultural products;" E. In Section 49-0301 of the ECL, the Legislature of the State of New York found and declared that "in order to implement the state policy of conserving, preserving and protecting its environmental assets and natural and man-made resources, the preservation of open spaces, and the preservation, development and improvement of agricultural and forest lands..., is fundamental to the maintenance, enhancement and improvement 1 of 20 of...balanced economic growth and the quality of life in all areas of the state; " F. The Property is located within Suffolk County's Agricultural District #1, created pursuant to Article 25AA of the New York State Agriculture and Markets Law. In Section 300, it states: "It is hereby found and declared that many of the agricultural lands in New York State are in jeopardy of being lost for any agricultural purposes. When nonagricultural development extends into farm areas, competition for limited resources results...It is therefore the declared policy of the state to conserve, protect and encourage the development and improvement of its agricultural land for production of food and other agricultural products...It is the purpose of this article to provide a locally-initiated mechanism for the protection and enhancement of New York State's agricultural land as a viable segment of the local and state economies and as an economic and environmental resource of major importance;" G, Article 25-AAA, Section 321 of the Agriculture and Markets Law states that "It is hereby found and declared that agricultural lands are irreplaceable state assets. In an effort to maintain the economic viability, and the environmental and landscape preservation values associated with agriculture..." the Commissioner is authorized to administer programs to assist counties in developing agricultural and farmland protection plans and to assist both county and municipal governments in the implementation of such plans. The Commissioner gives priority to projects that will preserve viable agricultural land, are located in areas facing significant development pressure and serve as a buffer for a significant natural public resource containing important ecosystem or habitat characteristics; H. The property is located within the Town of Southold, which has adopted the South old Town Farm and Farmland Protection Strategy, dated January, 2000. The Plan recommends that the Town continues its efforts to preserve land suitable for farming and ensure that farming remains an important part of the local economy. The Plan also recommends that the Town participate in partnership efforts with the Federal, State and County governments and related grant programs in order to use the Town's limited financial resources most effectively. I. Grantor has received independent legal and financial advice regarding this Easement to the extent that Grantor has deemed necessary. Grantor freely signs this Easement in order to accomplish its conservation purposes. 2 of20 NOW, THEREFORE, in consideration of the foregoing, NINE HUNDRED- SEVENTY-THREE THOUSAND-FOUR HUNDRED AND EIGHTY-TWO ($973,482) Dollars and the mutual covenants, terms, conditions and restrictions contained herein, the parties agree as follows: 1. Grant of Conservation Easement Grantor hereby grants and conveys to Grantee, a Conservation Easement (the "Easement"), an immediately vested interest in real property defined by Article 49, Title 3 of the ECl of the nature and character described herein, for the benefit of the general public, which Easement shall run with and bind the Property in perpetuity. Grantor will neither perform, nor knowingly allow others to perform, any act on or affecting the Property that is inconsistent with the covenants contained herein. Grantor authorizes Grantee to enforce these covenants in the manner described below. 2. Purpose It is the primary purpose of this Easement to: a) enable the Property to remain in agricultural or forestry use for current and future production of agricultural products, by protecting in perpetuity its agricultural and forestry values, use and utility, including its prime, statewide important and unique agricultural soils; and b) prevent any use of the Property that would significantly impair or interfere with its long-term agricultural and forestry viability. It is the secondary purpose of this Easement to conserVè and protect the Property's open space resources, and their associated unique and special natural features to the extent that such protection does not conflict with the primary purpose of this Easement. 3. Implementation This Easement shall be implemented by limiting and restricting the development and use of the Property in accordance with its provisions. No use of the property shall occur and no permanent or temporary structures or other buildings or improvements shall hereafter be constructed, placed or maintained on the Property, except as specifically provided herein. The Property remains subject to all applicable local, state and federal laws and regulations. 4. Definitions As used in this Easement, the terms "Grantor" or "owner" include the 30f20 original Grantor, its heirs, successors and assigns, all future owners of any legal or equitable interest in all or any portion of the Property, and any party entitled to the possession or use of all or any part thereof; and the term "Grantee" includes the original Grantee(s) and its[their] successors and assigns. The term "Sound Agricultural Practices" is defined as those practices necessary for on-farm production, preparation and marketing of agricultural commodities, provided such practices are legal, necessary, do not cause bodily harm or property damage off the farm, and achieve the intended results in a reasonable and supportable way. If necessary, to determine if a practice is "sound," Grantee or Grantor may request the New York State Department of Agriculture and Markets to initiate a sound agricultural practice review pursuant to Section 308 of the New York State Agriculture and Markets Law, or any successor statute. The term "Farm Labor Housing" means structures used to house seasonal and/or full-time employees where such residences are provided by the farm landowner and/or operator, the worker is an essential employee of the farm landowner and/or operator employed in the operation of the farm and the farm worker is not a partner or owner of the farm operation. For instance, a mobile or manufactured home used as the primary residence of a farm owner is not farm labor housing. S. Reserved Rights Retained by Grantor Notwithstanding any provisions of this Easement to the contrary, Grantor reserves all customary rights and privileges of ownership, including the right of exclusive use, possession and enjoyment of the Property, the rights to sell, lease, and devise the Property, as well as any other rights consistent with the Purpose set forth in Section 2 and not specifically prohibited or limited by this Easement. Unless otherwise specified below, nothing in this Easement shall require Grantor to take any action to restore the condition of the Property after any Act of God. Nothing in this Easement relieves Grantor of any obligation with respect to the Property or restriction on the use of the Property imposed by law. 6. Access Nothing contained in this Easement shall give or grant to the public a right to enter upon or to use the Property or any portion thereof where no such right existed in the public immediately prior to the execution of this Easement. 4 of 20 7. Right to Use Property for Rural and Agricultural Uses Grantor has the right to produce crops, livestock and livestock products and conduct farm operations as defined under Section 301 of the New York State Agriculture and Markets Law ("Agriculture and Markets Law"), or such successor law as is later promulgated, which includes but is not limited to the right to establish, reestablish, maintain, and use fields, orchards, pastures and woodlands. Said farming practices shall be carried out in accordance with Sound Agricultural Practices as defined herein. In addition, Grantor has the right to distribute farm products, subject to the limitations set forth in this Easement, including Section 10 ("Construction of Buildings and Other Improvements"). 8. Right to Use the Property for Recreational Purposes Grantor retains the right to use the Property for otherwise lawful recreational uses, including, but not limited to, hunting, fishing, cross- country skiing and snowmobiling, subject to the limitations set forth in this Easement, including Section 10 ("Construction of Buildings and Other Improvements") . 9. Maintenance Should the property cease to be used for agricultural purposes for more than three (3) years, the agricultural fields containing prime, statewide important and unique soils will be mowed at least triennially or otherwise maintained in a condition which will prevent growth of woody vegetation that would interfere with future agricultural use or which might result in interference with drainage systems, or in reversion of significant portions of the Property to regulated wetland status. Similarly, during prolonged periods of disuse for agricultural purposes, artificial and natural drainage systems must be maintained in a functional state by the Grantor. If Grantor does not comply with this provision, Grantee shall have the right, but not the obligation, to mow such fields, at Grantee's sole expense, if it so chooses. 10. Construction of Buildings and Other Improvements Grantor may undertake construction, erection, installation, removal or placement of buildings, structures, or other improvement to the Property only as provided in this Easement and set forth below. 5 of 20 10(a) Fences -- Existing fences may be repaired, removed and replaced, and new fences may be built on the Property for purposes of reasonable and customary management of livestock and wildlife and to prevent trespassing on the Property. 10(b) New Agricultural Structures and Improvements - Without permission of Grantee, Grantor may construct new buildings, structures and impervious improvements including asphalt and concrete roads and parking areas on up to 5% of the Property to be used primarily for purposes related to a "Farm Operation," as defined in New York State Agriculture and Markets Law § 301 or any successor statute and for such other agricultural purposes as (i) the production, storage or sale of farm products or by-products, (ii) the storage of equipment used for agricultural production, (iii) the keeping of livestock or other animals and (iv) farm labor housing. Such new buildings, structures and impervious improvements shall not include those used for the processing and packaging of processed farm products. Such coverage limitations do not apply to permeable surfaces such as gravel roads and parking areas, structures that protect soil and water resources, such as manure storage areas, and structures and improvements lacking permanent foundations where the land underneath is not covered by impervious surfaces. Permission is required by Grantee for the construction of such buildings, structures and improvements that would cover more than 5% of such area. 10(c) New Farm Labor Housing - Without permission of Grantee, Grantor has the right to construct new dwellings or structures for Farm Labor Housing as defined in Paragraph 4, together with new agricultural structures and improvements permitted in Section 10(c) above, on up to 5% of the property. With advance written permission of the Grantee, pursuant to Section 18 (Permission), Grantor has the right to construct such Farm Labor Housing within the remaining Property. The land on which these structures stand shall not be subdivided. 10(d) Anyone or more new recreational improvements proposed for Ithe Property that exceed an aggregate footprint of 400 square feet may be located only with the advance written permission of Grantee. Under no circumstances shall athletic fields, golf courses or ranges, commercial airstrips, commercial helicopter pads or any other similar recreational improvements that interfere with the Purpose of this Easement, significantly disturb the farm soils, or otherwise adversely affect agricultural and forestry uses on a continuing basis be allowed on the Property. 6 of 20 1D(e) Utility Services and Septic Systems -- Wires, lines, pipes, cables or other facilities providing electrical, gas, water, sewer, communications, or other utility services to the improvements permitted in this Easement may be installed, maintained, repaired, removed, relocated and replaced, and Grantor may grant easements over and under the Property for such purposes. Septic or other underground sanitary systems serving the improvements permitted herein may be installed, maintained, repaired or improved, Services are limited to structures permitted on the Property pursuant to Section 18 ("Permission"). 1D(f) Ancillary Improvements - Other improvements, including, but not limited to facilities for the generation and transmission of electrical power for agricultural production uses on the Property, such as windmills and detached solar arrays may be built only with the permission of Grantee, pursuant to Section 18 ("Permission"). 11. Maintenance and Improvement of Water Sources Grantor maintains the right to use, maintain, establish, construct, and improve water sources, water courses and water bodies within the Property for the uses permitted by this Easement, provided that Grantor does not significantly impair or disturb the natural course of the surface water drainage or runoff flowing over the Property. Grantor may alter the natural flow of water over the Property in order to improve drainage of agricultural soils, reduce soil erosion, provide irrigation for the Property or improve the agricultural or forest management potential of the Property, provided such alteration is consistent with Sound Agricultural Practices, the Purpose of this Easement and is carried out in accordance with applicable State and federal laws and regulations. 12. Water Rights Grantor retains and reserves the right to use any appurtenant water rights sufficient to maintain the agricultural productivity of the Property. Grantor shall not transfer, encumber, lease, sell or otherwise sever such water rights from title to the Property itself. 13. Subdivision The Property may not be further subdivided pursuant to Town Law Sections 265, 276 or 277 or Section 335 of the Real Property Law, as they may be amended, or any other applicable State or local law. "Subdivision" 7 of 20 shall include the division of the portion of the Property from which the development rights are acquired into two or more parcels, in whole or in part. Notwithstanding this provision, the underlying fee interest may be divided by conveyance of parts thereof to heirs or next of kin by will or operation of law, or with written consent of the Purchaser. 14. Forest Management Without prior written permission from Grantee, Grantor may clear forested areas for conversion to farmland, may harvest wood for on-farm use including heating or construction of buildings and improvements, and may remove trees that are fallen, dead, diseased or dangerous, so long as it is consistent with Sound Agricultural Practices. Without prior written permission from Grantee, Grantor may commercially harvest timber and other wood products and construct, maintain, remove, and repair unpaved access roads and "staging areas" (those areas where logs are temporarily stored for transport) necessary for such activities, in accordance with generally-accepted forest best management practices (as outlined in a forest management and harvest plan) that shall not result in significant degradation of soil and water resources. Such commercial timber cutting shall be carried out only in accordance with a forest management plan and harvest plan prepared by a forester who is certified by the Society of American Foresters or such successor organization as is later created, or a Cooperating Consulting Forester with the New York State Department of Environmental Conservation. In order to facilitate the monitoring and stewardship of this Conservation Easement, to ensure continuing communication between parties, Grantor shall give Grantee, its successors or assigns, written notice thereof not less than forty-five (45) days prior to the anticipated commencement of any commercial timber harvest. Such written notice shall include submission of the current forest management plan and harvest plan. 15. Excavation and removal of Materials; Mining The excavating or filling of the Property, except as may be necessary to construct and maintain permitted structures and improvements on the Property, or in connection with necessary drainage and soil conservation programs, shall be prohibited, without the prior written consent of Grantee. Mineral exploitation, and extraction by any method, surface or subsurface, is prohibited. The removal of topsoil, sand, or other materials shall not take place, nor shall the topography of the Property be changed except to construct and maintain the permitted structures and improvements on the 8 of 20 Property and for farm operations, erosion control and soil management, without the prior written consent of Grantee. Nothing herein shall prohibit normal and minimal soil removal customarily associated with horticultural and sod farming conducted in accordance with sound agricultural practices. 16. Road Construction Grantor may construct roads for barnyards, farm markets, farm roads, or other improvements necessary to provide access to, and parking for, permitted buildings or improvements, or to conduct other activities permitted by this Easement, provided to the greatest extent practicable, impact to the prime, statewide important and unique soils is minimized. No other portion of the Property shall be paved or otherwise covered with concrete, asphalt, or any other impervious paving material. 17. Dumping and Trash The dumping, land filling, burial, application, injection, or accumulation of any kind of garbage, trash or debris on the Property is prohibited, other than agriculturally-related waste or biodegradable material in accordance with Sound Agricultural Practices and any applicable State or federal law or regulation. However, this shall not prevent the storage of agricultural products and byproducts, the storage of supplies and old farm equipment used for parts, temporary storage of trash or household waste in receptacles for periodic off-site disposal, and composting or re-use of biodegradable materials as permitted in Section 7 ("Right to Use Property for Agricultural Uses"), generated off the Property for use on the Property or commercial use so long as they are used and stored in accordance with Sound Agricultural Practices. Notwithstanding the foregoing, the storage and treatment of sewage associated with buildings permitted on the Property, is permitted by this Easement. 18. Permission of Grantee Where Grantor is required to obtain Grantee's permission for a proposed action hereunder, said permission shall be requested in writing. Grantee shall grant permission unless it determines that such action would 1) violate the primary Purpose of this Easement, 2) impair the potential for long- term agricultural viability associated with the Property, or 3) unnecessarily impede the use of Property's prime, statewide important or unique soils, Grantee shall respond in writing within forty-five (45) days of receipt of the Grantor's written request which shall include building plans identifying the 9 of 20 use, footprint and total square footage of any proposed structures, and related survey information, if available. Grantee shall not be liable for damages for any failure to grant permission to Grantor, 19. Ongoing Responsibilities of Grantor and Grantee Other than as specified herein, this Easement is not intended to impose any legal or other responsibility on Grantee, or in any way to affect any obligations of Grantor as owner of the Property, including, but not limited to, the following: 19(a) Taxes -- Grantor shall be solely responsible for payment of all taxes and assessments levied against the Property. If the Grantor becomes delinquent in payment of taxes the Grantee, at its option, shall have the right to take such actions as may be necessary to protect the Grantee's interest in the Property and to assure the continued enforceability of this instrument and to recover all of its costs including reasonable attorney's fees. If, as a result of such actions, Grantee ever pays any taxes or assessments on Grantors interest in the Property, Grantor will promptly reimburse Grantee for the same. 19(b) Upkeep and Maintenance -- Grantor shall be solely responsible for the upkeep and maintenance of the Property, to the extent required by law and this Easement. Grantee shall have no obligation for the upkeep or maintenance of the Property. 19(c) Liability and Indemnification - Grantor agrees to indemnify and hold Grantee and the State of New York Department of Agriculture and Markets harmless from any and all costs, claims or liability, including but not limited to reasonable attorneys fees arising from any personal injury, accidents, negligence or damage relating to the Property, or any claim thereof, unless due to the negligence of Grantee or its agents, in which case liability shall be apportioned accordingly. 20. Extinguishment of Development Rights Except as otherwise reserved to the Grantor in this Easement, all development rights appurtenant to the Property are hereby released, terminated and extinguished, and may not be used on or transferred to any portion of the Property as it now or hereafter may be bounded or described, or to any other property adjacent or otherwise, or used for the purpose of calculating permissible lot yield of the Property or any other property, 100f20 21. Baseline Documentation By its execution of this Easement, Grantee acknowledges that the present uses of the Property are permitted by this Easement. In order to evidence the present condition of the Property (including both natural and man-made features) so as to facilitate future monitoring and enforcement of this Easement, a Baseline Documentation Report, including maps [and photographs], describing such condition at the date hereof, has been prepared and a copy will be kept on file with Grantee. The Report may be used by Grantee to establish that a change in the use or character of the Property has occurred, but its existence shall not preclude the use by Grantee of other evidence to establish the condition of the Property as of the date of this Easement. 22. Right of Inspection Grantee shall have the right to enter upon the Property upon forty-eight (48) hours advance notice to Grantor for the purpose of inspecting for compliance with the terms of this Easement. Such inspection shall be conducted in a manner that will not interfere with Grantor's quiet use and enjoyment of the Property, between the hours of 9 a.m, and 7 p.m. on a weekday that is not a legal holiday recognized by the State of New York or at a date and time agreeable to the Grantee and Grantor. This consent to inspection does not extend to consent to inspect by or use of the results of the inspection by other local, state or Federal agencies or enforcement authorities. In the instance of a violation or suspected violation of the terms of this Easement which has caused or threatens to cause irreparable harm to any of the agricultural or other resources this Easement is designed to protect, no such advance notice is required, Representatives of the New York State Department of Agriculture and Markets shall have the same right of inspection. 23. Enforcement If Grantee determines that a violation of this Easement has occurred, Grantee shall so notify Grantor, giving Grantor thirty (30) days to cure the violation. Notwithstanding the foregoing, where Grantee in Grantee's sole discretion determines that an ongoing or threatened violation could irreversibly diminish or impair the Purpose of this Easement, Grantee may bring an action to enjoin the violation, through temporary or permanent 11 of20 injunction. In addition to injunctive relief, Grantee shall be entitled to seek the following remedies in the event of a violation: (a) money damages, including damages for the loss of the resources protected under the Purpose of this Easement; and (b) restoration of the Property to its condition existing prior to such violation. Said remedies shall be cumulative and shall be in addition to all remedies now or hereafter existing at law or in equity. In any case where a court finds that a violation has occurred, Grantor shall reimburse Grantee for all its reasonable and necessary expenses incurred in stopping and correcting the violation, including, but not limited to, reasonable attorneys' fees. The failure of Grantee to discover a violation or to take immediate legal action shall not bar Grantee from doing so at a later time. In any case where a court finds no violation has occurred, either party may seek reimbursement for all its reasonable and necessary expenses, including, but not limited to attorneys' fees, in an amount to be determined by the court. 24. Transfer of Property Any subsequent conveyance, including, without limitation, transfer, lease or mortgage of the Property, shall be subject to this Easement, and any deed or other instrument evidencing or effecting such conveyance shall contain language substantially as follows: "This {conveyance, lease, mortgage, easement, etc,} is subject to a Conservation Easement which runs with the land and which was granted to Town of Southold by instrument dated , and recorded in the office of the Clerk of Suffolk County at Liber at Page ." Grantor shall notify Grantee in writing at least thirty (30) days before conveying the Property, or any part thereof or interest therein, to any third party. The failure to notify Grantee or to include said language in any deed or instrument shall not, however, affect the validity or applicability of this Easement to the Property or limit its enforceability in any way. 25. Amendment of Easement This Easement may be amended only with the written consent of Grantee and current Grantor and with the approval of the New York State Department of Agriculture and Markets. Any such amendment shall be consistent with the Purpose of this Easement and shall comply with the Conservation Law or any regulations promulgated thereunder. Any such 12 of 20 amendment shall be duly recorded. 26. Alienation No property rights acquired by Grantee hereunder shall be alienated except pursuant to the provisions of Chapter 25 or 59, as applicable, of the Town Code of the Town of Southold, following a public hearing and, thereafter, ratified by a mandatory referendum by the electors of the Town of Southold, No subsequent amendment of the provisions of the Town Code shall alter the limitations placed upon the alienation of the property rights or interests which were acquired by the Town prior to any such amendment. 27. Extinguishment of Easement At the mutual request of Grantor, Grantee and New York State Department of Agriculture and Markets, a court with jurisdiction may, if it determines that conditions surrounding the Property have changed so much that it becomes impossible to fulfill the Purpose of this Easement described in Section 2, extinguish or modify this Easement in accordance with applicable law. In that case, the mere cessation of farming on the Property shall not be construed to be grounds for extinguishment of this Easement. Notwithstanding the foregoing, if condemnation by exercise of the power of eminent domain make impossible the continued use of the Property for Purpose of this Easement as described in Section 2 ("Purpose") herein, the restrictions may be extinguished by judicial proceeding. In either case, upon any subsequent sale, exchange or involuntary conversion by the Grantor, Grantee shall be entitled to a portion of the proceeds from any subsequent sale or other disposition of the Property, or title insurance proceeds, in accordance with Section 28 ("Proceeds") herein. 28. Proceeds The grant of this Easement gives rise to a property right, immediately vested in Grantee, which, for purposes of calculating proceeds from a sale or other disposition of the Property as contemplated under Section 27 ("Extinguishment of Easement"), shall have a value equal to a percentage of the value of the Property unencumbered by this Easement (the "Proportionate Share"). The Proportionate Share is determined by dividing the value of this Easement, calculated as of the dat~, by the unencumbered value of the Property, also calculated as of the te Rercðl'. The fJroportionate Share is ¡'tk- 1/k~~~,.f{(O(H/#3) · ~ f Afl": . , 13 of20 {'D(l-V /þ~. (, & %. The Proportionate Share shall remain constant (subject to reasonable adjustment to the extent permissible under Section 170(h) of the Internal Revenue Code for any improvements which may hereafter be made on the Property). With regard to the portion of such Proportionate Share equal to the percentage of the purchase price of this Easement that was paid using State Farmland Protection Program Grant funds, Grantee agrees to use such portion in a manner consistent with the Purpose of this Easement. Prior to such re- use, Grantee must notify the New York State Department of Agriculture and Markets. 29. Interpretation This Easement shall be interpreted under the laws of the State of New York, or federal law, as appropriate. Any general rule of construction to the contrary notwithstanding, this Easement shall be liberally construed to effect the Purpose of this Easement. If any provision in this Easement is found to be ambiguous, an interpretation consistent with the Purpose of this Easement that would render the provision valid shall be favored over any interpretation that would render it invalid. 30. Successors Every provision of this Easement that applies to Grantor or Grantee shall also apply to their respective agents, heirs, executors, administrators, assigns, and other successors in interest, and shall continue as a servitude running in perpetuity with the Property. 31. Severability Invalidity of any of the covenants, terms or conditions of this Easement, or any part thereof, by court order or judgment shall in no way affect the validity of any of the other provisions hereof which shall remain in full force and effect. 32. Notices Any notice required or desired to be given under this Easement shall be in writing and shall be sent by (i) personal delivery, (ii) via registered or certified mail, return receipt requested, or (iii) via Federal Express or other private courier of national reputation providing written evidence of delivery. Notice shall be deemed given upon receipt in the case of personal delivery, 14 of 20 and upon delivery by the U.S. Postal Service or private courier. All notices shall be properly addressed as follows: (a) if to Grantee, at the address set forth above; (b) if to Grantor, at the address set forth above; (c) if to any subsequent owner, at the address of the Property;(d) if to New York State Department of Agriculture and Markets, lOB Airline Drive, Albany, New York 12235, Any party can change the address to which notices are to be sent to him, her or it by duly giving notice pursuant to this Section. 33. Title. The Grantor covenants and represents that the Grantor is the sole owner and is seized of the Property in fee simple and has good right to grant and convey the aforesaid Easement; that the Property is free and clear of any and all mortgages not subordinated to this Easement, and that the Grantee shall have the use of and enjoyment of the benefits derived from and existing out of the aforesaid Easement. 34. Subsequent Liens on Property No provisions of this Easement should be construed as impairing the ability of Grantor to use this Property, or a portion thereof encompassing entire separately deeded parcels, as collateral for a subsequent borrowing. 35. Subsequent Encumbrances The grant of any easements or use restrictions is prohibited, except with the permission of Grantee. 36. Grantor's Environmental Warranty Nothing in this Easement shall be construed as giving rise to any right or ability in Grantee, or the New York State Department of Agriculture and Markets to exercise physical or management control over the day-to-day operations of the Property, or any of Grantor's activities on the Property, or otherwise to become an operator with respect to the Property within the meaning of The Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended ("CERCLA") or any corresponding state and local statute or ordinance. Grantor warrants that it has no actual knowledge of a release or threatened release of hazardous substances or wastes on the Property, as such substances and wastes are defined by applicable law, and hereby 15 of 20 promises to indemnify Grantee, and New York State Department of Agriculture and Markets against, and hold Grantee and New York State Department of Agriculture and Markets harmless from, any and all loss, cost, claim (without regard to its merit), liability or expense (including reasonable attorneys' fees) arising from or with respect to any release of hazardous waste or violation of environmental laws. If at any time after the effective date of this Easement there occurs a release in, on, or about the property of any substance now or hereafter defined, listed, or otherwise classified pursuant to any federal, state, or local law, regulation, or requirement as hazardous, toxic, polluting, or otherwise contaminating to the air, water, or soil, or in any way harmful or threatening to human health or the environment, Grantor agrees to take all steps that may be required under federal, state, or local law necessary to assure its containment and remediation, including any cleanup, 37. Duration of Easement Except as expressly otherwise provided herein, this Easement shall be of perpetual duration, and no merger of title, estate or interest shall be deemed effected by any previous, contemporaneous, or subsequent deed, grant, or assignment of an interest or estate in the Property, or any portion thereof, to Grantee, it being the express intent of the parties that this Easement not be extinguished by, or merged into, any other interest or estate in the Property now or hereafter held by Grantee. 38. Entire Agreement This instrument sets forth the entire agreement of the parties with respect to the Easement and supersedes all prior discussions, negotiations, understandings and agreements relating to the Easement, all of which are merged herein. No alteration or variation of this instrument shall be valid or binding unless contained in an amendment that complies with Section 25 ("Amendment") . 39. Waiver No waiver by Grantee of any default, or breach hereunder, whether intentional or not, shall be deemed to extend to any prior or subsequent default or breach hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence. No waiver shall be binding unless executed in writing by Grantee. 16 of 20 40. Binding Effect The provisions of this Easement shall run with the Property in perpetuity and shall bind and be enforceable against the Grantor and all future owners and any party entitled to possess or use the Property or any portion thereof while such party is the owner or entitled to possession or use thereof. Notwithstanding the foregoing, upon any transfer of title, the transferor shall, with respect to the Property transferred cease being a Grantor or owner with respect to such Property for purposes of this Easement and shall, with respect to the Property transferred, have no further responsibility, rights or liability hereunder for acts done or conditions arising thereafter on or with respect to such Property, but the transferor shall remain liable for earlier acts and conditions done or occurring during the period of his or her ownership or conduct. 41. Captions The captions in this instrument have been inserted solely for convenience of reference and are not a part of this instrument and shall have no effect upon construction or interpretation. IN WITNESS WHEREOF, Grantor and Grantee, intending to be legally bound hereby, ave hereunto set their hands on the date first above written. 6 }- Grantor: Grantee: TOWN OF SOUTHOLD By: Lvt~ /OSHUA Y. HORTON, SUPERVISOR State of New York ) County of XI f{;,1 k.), ss: On the f s. J- day of Jxc.er..flev in the year 2004 before me, the undersigned, personally appeared .fohn ¡" Ç'P'V>I9§.0~ J~' personally known to me or proved to me on the basis of satisfactory evidence to be the individual (s) whose name (s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in hislherltheir capacity (ies), and that by hislher/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument. -------- 17 of 20 7. State of New York ) Count)' of 9..Jf/ol K. ). ss: KAREN J. HAGEN NOTARY PUBLIC, State of New York No. 02HA4927029 Qualified In Suffolk County /\6 Commission Expires March 21, 20 6/1 On the f!71 da,Y of in the year 2004 before me, the undersigned, personally appeared .?,Sh "'I ~-r. , personally known to me or proved to me on the basis of satisfactory evidence to be the individual (s) whose name (s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity (ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, exe uted the' ru~eft.t.. 'd.o/1~ '-. vidue2 acknowledgement KAREN J. HAGEN NOTARY PUBLIC, State of New York No. 02HA4927029 Qualified In Suffolk County ./J L' Commission Expires March 21, 20£,¿L) ..-----. ,/ ~~ ! "~ / I ! / .I / ~------_./ í , 18 of 20 þ State of New York ) Count)' of ), ss: On the _day of in the year 200_ before me, the undersigned, personally appeared , personally known to me or proved to me on the basis of satisfactory evidence to be the individual (s) whose name (s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity (ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument. Signature/office of individual taking acknowledgement C:lMy Documents'AnnelTown of Southold Deeds of Development RightslSepenoski I 12304.doc / / / / , / ". -~ / ( , I 19 of 20 - AMENDED 10/05/04 ALL that certain plot, piece or parcel of land, situate, lying and being in the Town of Southold, County of Suffolk and State of New York, bounded and described as follows: BEGINNING at a point on the Northerly side of North (Middle Road) Road, C.R. 48, at the Southwest corner of the premises herein described and the Southeast corner of land now or formerly of Herman J. and Joseph H. Hofer, formerly Smith; RUNNING THENCE North 45 degrees 39 minutes 20 seconds West along said land now or formerly of Herman J. and Joseph H. Hofer and later along land now or formerly Stamatios and Nicoletta Maliarakis and land now or formerly of Robert Laub, 1658.01 feet to a monument and land now or formerly of Vito A. and Alice Cardo; RUNNING THENCE North 45 degrees 13 minutes 20 seconds East along said land now or formerly of Vito A. and Alice Cardo, 63.10 feet to a monument and land on the minor Subdivison Map of "Beechwood Acres" filed November 14, 1989 as Map No. 88S2; RUNNING THENCE along said last mentioned land the following four (4) courses and distances: 1) North 45 degrees 16 minutes 34 seconds East, 215.95 feet; 2) North 45 degrees 15 minutes 40 seconds East, 216.04 feet; 3) North 44 degrees 45 minutes 20 seconds West, 50.00 feet; and 4) North 46 degrees 25 minutes 20 seconds West, 51.88 feet to land now or formerly of Jacqueline Moeller; RUNNING THENCE North 54 degrees 25 minutes 20 seconds East along said land now or formerly of Jacqueline Moeller, 536.15 feet to land now or formerly of Hors "N" Around Realty Inc.; RUNNING THENCE South 43 degrees 28 minutes 50 seconds East along said land now or formerly of Hors "N" Around Realty Inc., 1825.23 feet to the Northerly side of North (Middle Road) Road, C.R. 48; RUNNING THENCE South 54 degrees 12 minutes 20 seconds West along the Northerly side of North (Middle Road) Road, C.R. 48, 284.00 feet; RUNNING THENCE through land of the party of the first part the following three (3) courses and distances: 1) North 45 degrees 39 minutes 20 seconds West, 552.67 feet; 2) South 54 degrees 12 minutes 20 seconds West, 400.00 feet; 3) South 45 degrees 39 minutes 20 seconds East, 552.67 feet to the Northerly side of North (Middle Road) Road, C.R. 48; RUNNING THENCE South 54 degrees 12 minutes 20 seconds West along said Northerly side of North (Middle Road) Road, C.R. 48, 284.03 feet to the point or place of BEGINNING. o ISSUED By COMMONWEALTH LAND TITLE INSURANCE COMPANY OWNER'S POLICY OF TITLE INSURANCE Commonwealth ... LANOAMERIC... COMPANY SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE BAND THE CONDITIONS AND STIPUlA nONS, COMMONWEALTH LAND TITLE [NSURANCE COMPANY, a Pennsylvania corporation, herein called the Company. insures. as of Date of Policy shown in Schedule At against loss or damage, Dor exceeding the Amount of Insurance staled in Schedule A, sustained or incurred by the insured by reason of: I. Title to the estate or interest described in Schedule A being vested other than as stated therein; 2. Any defect in or lien or encumbrance on the title; 3. Unmarketability of the title; 4. Lack of a right of access [0 and from the land. The Company will also pay the costs, anomeys' fees and expenses incurred in defense of the title, as in:'lured, but only to the extent provided in the Conditions and Stipulations. IN W[TNESS WHEREOF, COMMONWEALTH LAND T[TLE INSURANCE COMPANY has caused it~ corporate name and seal [0 be hereunto affixed by its duly authorized officers, the Policy to become valid when countersigned by an authorized officer or agent of the Company. COMMONWEALTH LAND TITLE INSURANCE COMPANY Secretary t ì\Tlf / ,-~'+o. +J'¿;. '" ¿ ~ y ;;: - ~ ~ ,- ~ o~ '._ ~ l1toJ. ì-~~ô By: ?J-~ a. ~S¡dent A[J:est: // /Î/ /J ./.~ tJ..... (A~,~ ~ EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees or expenses which arise by reason of: I. (a) Any law, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating to (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any imprO\'e- mem now or hereafter erected on the land; (Hi) a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a pan; or (iv) environmental protection, or the affect of any violation of these laws, ordinances or governmental regula- tions, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. (b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violalion affecting the land has been recorded in the public records at Date of Policy. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not e."cluding from coverage any taking which has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value without knowledge. 3. Defects, liens, encumbrances, adverse claims or other matters: (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known [0 the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured claimant prior to the date the insured claimant became an insured under this policy; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the estate or interest insured by this policy. 4. Any claim, which arises out of the transaction vesting in the Insured the estate or interest insured by this policy, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that is based on: (a) the transaction creating the estate or interest insured by this policy being deemed a fraudulent conveyance or fraudulent transfer; or (b) the transaction creating the estate or interest insured by this policy being deemed a preferential transfer except where the preferential transfer results from the failure: (i) [0 timely record the instrument of transfer; or (ii) of such recordation to impart notice to a purchaser for value or a judgmem or lien creditor. 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[."11 JiÌr.wrp J() <¡"'l[ ¡ÌU1WIP[J p.1Jn~U[ UI~ :..IUI:IlIIr:I.l pJJn"LlI.. 141 "JO<;<;à"l:-1l1~ \Jp.I:.'Inp~1 HI .:o1~~J\lUJ\}J J(I 'U!'I .10 I'l:JU '<;;;'I\IU'Jl[J~')JJJJ [P.UO....J;;'IU 'SJO.\I.\Jns ·~,'.l<;!.\-,"p -~JJlnL!Jls!p ·'J1JI.( '\11 p;;'lllllll[ II'U Inq 'f!mpnpUl .J..r.I.(JJnd lULU.! pàl.('>II1~UlI~[P q' ,<\PI JL' UL'I\VJ;ldl) \L[ p;;'lJn<;u[ pJWP.U .:11.(1 JI) I".:JJJIU! ,)41 ,1\ p.l-,".l"I1~ '-'Ij" .:0<;\11.(1 'pJJn"lII p;}wru .JI.{I ISU[P.~I' pln[ J\P.l{ p[no\\ ,\m:dwLI.) J41 ~.:o~u,)pp Jll "1l[ð[J \tIP. III IJJfqn" 'pm' .\t JlnpJLJS U[ P.:JWP.U pJJnSUI .'1.(1 :..p;;'lJn~UI.. tPI Ur:.'lU \,'I\,)d "IL[l U[ p.',n U;1I.(\\ 'lIlJJI ðUI\\d!!UI ·'1[1 -SWII3.L ~O NOI.LINI~30 .\ SNOI.LYïildI.LS aNY SNOI.LIONO::> .. . Ie No.: RH~0040531 SCHEDULE A r.... ~ landAmerica _ Commonwealth Amount of Insurance: $973,482.00 Date of Policy: December 1, 2004 Policy No.: RH80040531 1. Name of Insured: TOWN OF SOUTHOLD 2. The estate or interest in the land which is covered by this policy is: Development Rights 3. Title to the estate or interest in the land is vested in: TOWN OF SOUTHOLD By deed made by JOHN B. SEPENOSKI to the INSURED dated December 1, 2004 and to be recorded in the Office of the Clerk/Register of SUFFOLK County. 4. The land referred to in this policy is described on the annexed Schedule A - Description. Countersigned: ~~ Fee Policy Insert .. . Ie No.: RH~0040531 SCHEDULE A - DESCRIPTION AMENDED 10/05/04 ALL that certain plot, piece or parcel of land, situate, lying and being in the Town of Southold, County of Suffolk and State of New York, bounded and described as follows: BEGINNING at a point on the Northerly side of North (Middle Road) Road, C.R. 48, at the Southwest corner of the premises herein described and the Southeast corner of land now or formerly of Herman J. and Joseph H. Hofer, formerly Smith; RUNNING THENCE North 45 degrees 39 minutes 20 seconds West along said land now or formerly of Herman J. and Joseph H. Hofer and later along land now or formerly Stamatios and Nicoletta Maliarakis and land now or formerly of Robert Laub, 1658.01 feet to a monument and land now or formerly of Vito A. and Alice Cardo; RUNNING THENCE North 45 degrees 13 minutes 20 seconds East along said land now or formerly of Vito A. and Alice Cardo, 63.10 feet to a monument and land on the minor Subdivison Map of "Beechwood Acres" filed November 14, 1989 as Map No. 8852; RUNNING THENCE along said last mentioned land the following four (4) courses and distances: 1) North 45 degrees 16 minutes 34 seconds East, 215.95 feet; 2) North 45 degrees 15 minutes 40 seconds East, 216.04 feet; 3) North 44 degrees 45 minutes 20 seconds West, 50.00 feet; and 4) North 46 degrees 25 minutes 20 seconds West, 51.88 feet to land now or formerly of Jacqueline Moeller; RUNNING THENCE North 54 degrees 25 minutes 20 seconds East along said land now or formerly of Jacqueline Moeller, 536.15 feet to land now or formerly of Hors "N" Around Realty Inc.; RUNNING THENCE South 43 degrees 28 minutes 50 seconds East along said land now or formerly of Hors "N" Around Realty Inc., 1825.23 feet to the Northerly side of North (Middle Road) Road, C.R. 48; RUNNING THENCE South S4 degrees 12 minutes 20 seconds West along the Northerly side of North (Middle Road) Road, C.R. 48, 284.00 feet; RUNNING THENCE through land of the party of the first part the following three (3) courses and distances: 1) North 45 degrees 39 minutes 20 seconds West, SS2.67 feet; 2) South 54 degrees 12 minutes 20 seconds West, 400.00 feet; 3) South 45 degrees 39 minutes 20 seconds East, SS2.67 feet to the Northerly side of North (Middle Road) Road, C.R. 48; RUNNING THENCE South S4 degrees 12 minutes 20 seconds West along said Northerly side of North (Middle Road) Road, C.R. 48, 284.03 feet to the point or place of BEGINNING. Fee POlicy Insert " . . File No.: RH80040531 SCHEDULE B Exceptions from Coverage This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of the following: 1. Rights of tenants or persons in possession. 2. Right of Way in Uber 4606 page 593. 3. Receipt and Release in Liber 6266 page 558. 4. Survey made by John C. Ehlers dated April 14, 2004 and last amended September 28, 2004 shows premises as unimproved vacant land; a) fill easement "B" and "C" to the County of Suffolk shown over Southerly part of premises; b) wire fence varies with West line up to 0.5 feet East; c) sixty (60) feet wide Ulco easement with steel towers and overhead wires shown across rear of premises; d) drainage swale, wetlands, open fields and wooded areas depicted thereon; e) dirt roads traverse premises and enter upon premises adjoining Northwest and West. 5. Policy excepts any state of facts from the date of the survey read herein. 6. Company excepts possible rights of others than the insured, in, to, and over the unpaved dirt roads as shown on the survey herein as described in Schedule "A", but policy will insure that the use for "Development Rights" will not be disturbed by reason thereof. 7. The tax search herein shows a partial or full exemption from taxation. The exemption from taxation will terminate immediately upon the transfer of title to the insured. Policy excepts the lien of restored taxes, plus penalty and interest, if any. 8. Unpaid water charges to date, if any. 9. 2003/04 2'" half Town and School taxes. 10. 2004/05 Town and School taxes. Fee Policy Insert · te No.: RH~0040531 ~, landAmerica - Commonwealth STANDARD NEW YORK ENDORSEMENT (OWNER'S POLICY) ATTACHED TO AND MADE A PART OF POLICY NO. RH80040531 ISSUED BY COMMONWEALTH LAND TITLE INSURANCE COMPANY 1. The following is added to the insuring provisions on the face page of this policy: "5. Any statutory lien for services, labor or materials furnished prior to the date hereof, and which has now gained or which may hereafter gain priority over the estate or interest of the insured as shown in Schedule A of this policy." 2. The following is added to Paragraph 7 of the Conditions and Stipulations of this policy: "(d) If the recording date of the instruments creating the insured interest is later than the policy date, such policy shall also cover intervening liens or encumbrances, except real estate taxes, assessments, water charges and sewer rents." Nothing herein contained shall be construed as extending or changing the effective date of the policy unless otherwise expressly stated. This endorsement, when countersigned below by a validating signatory, is made a part of the policy and is subject to the Exclusions from Coverage, Schedules, Conditions and Stipulations therein, except as modified by the provisions hereof. Dated: December 1,2004 Issued at: Commonwealth Land Title Insurance Company 185 Old Country Road, PO Box 419 Suite 2 Riverhead, NY 11901 C:OY!ta~l...L ~ . By ~ Authorized Officer Standard New York Endorsement (9/1/93) For Use With ALTA Owner's Policy (10117/92) TQ10037NY (07/00) . . CONDITIONS AND STIPULATIONS (Continued) . ,; , 7. DETERMINATION, EXTENT OF LIABILITY AND COINSURANCE. This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the insured claimant who has suffered loss or damage by reason of maners insured against by this policy and only to the extent herein described. (a) The liability of the Company under this policy shall not exceed the leasl of: (i) the Amount of Insurance stated in Schedule A; or, (ii) Ihe difference between the value of the insured estate or inlerest as insured and the value of the insured estate or interest subject to the defect, lien or encumbrance insured againsl by this policy. (b) In the event the Amount of Insurance stated in Schedule A al the Date of Policy is less than 80 percent of the value of the insured estate or interest or the full consideralion paid for the land, whichever is less, or if subsequent to Ihe Date of Policy an improvement is erected on the land which increases the value of the insured estale or interest by at least 20 percent over the Amount of Insurance stated in Schedule A, then this Policy is subject to the following: . (i) where no subsequenl improvement has been made, as to any partial loss, Ihe Company shall only pay Ihe loss pro rala in Ihe proportion that the amoúnt of insurance at Date of Policy bears to the tolal value of the insured estale or interesl at Date of Policy; or . (Ii) where a subsequent improvement has been made, as to any partial loss, the Company shall only pay the loss pro rata in the proportion thai 120 percent of the Amounl of Insurance stated in Schedule A bears to the sum of the Amount of Insurance stated in Schedule A and the amount expended for the improvement The provisions of this paragraph shall not apply 10 costs, attorneys' fees and expenses for which the Company is liable under this policy, and shall only apply to that portion of any loss which exceeds, in the aggregate, 10 percent of the Amount of Insurance stated in Schedule A. (c) The Company will pay only those costs, attorneys' fees and expenses incurred in accordance with Section 4 of Ihese Conditions and Stipulations. 8. APPORTIONMENT. If the land described in Schedule A consists of two or more parcels which are not used as a single site, and a loss is established affecting one or more of the parcels but not all. the loss shall be computed and settled on a pro rata basis as if the amount of insurance under this policy was divided pro rala as to the value on Date of Policy of each separate parcel to the whole, exclusive of any improvemenls made subsequent to Date of Policy, unless a liability or value has otherwise been agreed upon as 10 each parcel by the Company and the insured at the time of the Issuance of this policy and shown by an express statement or by an endorsement attached to this policy. 9. LIMITATION OF LIABILITY. (a) If the Company establishes Ihe title, or removes Ihe alleged defecl, lien or encumbrance, or cures Ihe lack of a right of access to or from the land, or cures the claim of unmarketability of title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals therefrom, It shall have fully performed ils obligations with respect to that matter and shall not be liable for any loss or damage caused thereby. (b) In the event of any litigation, including liligation by the Company or with the Company's consent, the Company shall have no liability for loss or damage until there has been a final delermination by a court of competent jurisdiction, and disposition of all appeals therefrom, adverse to the title as insured. (c¡ The Company shall not be liable for loss or damage to any insured for liabilily voluntanly assumed by the insured in settling any claim or suil without the prior written consent of the Company. 10. REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY. All payments under this policy, except paymenls made for costs, attorneys' fees and expenses, shall reduce the amount of the insurance pro tanto. 11. LIABILITY NONCUMULATIVE. II is expressly understood that the amounl of insurance under this policy shall be reduced by any amount the Company may pay under any policy insuring a mortgage to which exception is laken in Schedule B or 10 which the insured has agreed, assumed, or taken subject, or which is hereafter executed by an insured and which is a charge or lien on Ihe estate or interest described or referred to in Schedule A, and the amount so paid shall be deemed a payment under this policy to the insured owner. 12. PAYMENT OF LOSS. (a) No payment shall be made without producing this policy for endorsement of the payment unless the policy has been lost or destroyed, in which case proof of loss or destruction shall be furnished to the satisfaction of the Company. NM 1 PA 10 AL TA Owner's Policy (10/17/92) Form 1190-3 Cover Page (b) When liability and the extenl of loss or damage has been definitely fixed in accordance with these Conditions and Stipulations, the loss or damage shall be payable wilhin 30 days thereafter. 13. SUBROGATION UPON PAYMENT OR SETTLEMENT. (a) The Company's Right of Subrogation. Whenever the Company shall have settled and paid a claim under this policy, all right of subrogation shall vest in the Company unaffected by any act of the insured claimant. The Company shall be subrogated to and be entilled 10 all rights and remedies which the insured claimanl would have had against any person or property in respect to the claim had this policy not been issued. If requested by the Company, the insured claimant shall transfer to the Company all rights and remedies against any person or property necessary in order to perfect this right of subrogation. The insured claimant shall permit the Company to sue, compromise or settle in the name of the insured claimant and to use the name of the insured claimant in any transaction or litigation involving these rights or remedies. If a payment on account of a claim does nol fully cover the loss of the insured claimant. the Company shan be subrogated 10 Ihese rights and remedies in the proportion which the Company's paymønt bears 10 the whole amount of the loss. If loss should resull from any act of Ihe insured claimanl, as stated above, that act shall not void this policy, but the Company, in that evenl, shall be required to pay only that part of any losses insured against by Ihis policy which shall exceed the amount, if any, lost to the Company by reason of the impairment by the Insured clalmanl of the Company's right of subrogalion. (b) The Company's Rights Against Non-insured Obligors. The CompanY's right of subrogation against non-insured obligors shall eXist and shall include, without limitation, the rights of the insured to indemnities, guaranties, other policies of insurance or bonds, notwithstanding any terms or condihons contained in those instruments which provide for subrogation rights by reason of this policy. 14. ARBITRATION. Unless prohibiled by applicable law, either the Company or the insured may demand arbitration pursuanl to the Title Insurance Arbitration Rules of the American Arbitration Association. Arbitrable matters may include, bul are not limIted to, any conlroversy or claim betwo:en the Company and the insured ansing out of or relating 10 Ihis policy, any service of the Company in connection with lIs issuance or the breach of a policy provision or other obligation. All arbitrable matters when the Amount of Insurance is $1,000,000 or less shall be arbitrated al the option of either the Company or the insured. All arbitrable maners when the Amount of Insurance is in excess of $1,000,000 shall be arbitrated only when agreed to by both the Company and Ihe insured. Arbitration pursuant to this policy and under the Rules in effect on the date Ihe demand for arbitration is made or. at the option of the insured, Ihe Rules in effect al Date of Policy shall be binding upon the parties. The award may include attorneys' fees only if the laws of the state in which Ihe land is located permit a court to award attomeys' fees to a preva,lmg party. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court having jurisdiction thereof. The law of the silus of the land shall apply to an arbitration under the Title Insurance Arbitration Rules. A copy of the Rules may be obtained from the Company upon reques!. 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT. (aJ This policy together with all endorsements, if any, attached hereto by the Company is Ihe entire policy and contract between Ihe insured and the Company. In interpreting any provision of this policy, Ihis policy shall be construed as a whole. (b) Any claim of loss or damage, whether or not based on negligence, and which arises out of the status of Ihe title to the eslate or interest covered hereby or by any action asserting such claim, shall be restricted to this policy. (c) No amendmenl of or endorsement to this policy can be made except by a writing endorsed hereon or attached hereto signed by either the President, a Vice President, the Secretary, an Assistant Secretary, or validating officer or authorized signatory of Ihe Company. 16. SEVERABILITY. In the event any provision of the policy is held invalid or unenforceable under applicable law, the policy shall be deemed nol 10 include that provision and all other provisions shall remain in full force and effect. 17. NOTICES WHERE SENT. All notices required to be given Ihe Company and any stalement in writing required to be furnished the Company shall include the number of this policy and shall be addressed to: Consumer Affairs Department, P.O. Box 27567, Richmond, Virginia 23261-7567. ORIGINAL Valid only if Face Page and Schedules A and B are attached " o :3 OJ '2. >- "" - Z 0 ~ '2. --<~> JlVOOlt- ~~-i ~Z2:--3 .þ. CD a. .... 'f':E >"" 0-« r- O~~ ~ o c ~'" rJJ is l"J ::: :;c :$. ("'\ t"'I ::: '" '? w ::;; ". ." it ~ ~'§ ~ ~ == f.õ~~ s:~ ..... . Q)~ ~f:Z5' cor.p~cn"'= Uõ'~ ~ .....J\J;-- _ ~ '2. ~ rJJ o '" .... ZOO ",-" ïI ~ái ~- õ' Q- '2. .:..:.~;¡. g t"'I ~~z"'''''' OIO)(( 0 < Õ;~:EÆ-("'\ ~~-<å3 - CÐ~~a. ~ ~o""'<n~ w Oc 5:;::;: ",'" '" o '" 'w,. .. G)~ <1>'" ì1 g.~ ~ ~~Q~~ c.n 0).:<",,::- 6 ã)~zS-~ ~~~~z N~-<' r'1 ~....,~CI)_ .þ..þ. 7'£......J c.n ..... 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CD - .----c-'t! :::E 0 n ~ 3:~~ ~ CD ~ _ 0> ::r<o !!<'" Q-gro- ,<0::, 0':< en co C ãJ '" " '" Q ~-gæg ~~-CD ~'<: rn S' w 3· iit ê QQ)mãJ ~ ~ ~'£ ~ CÐ' en "Q CO "Q 3" ò s.ã>~5: CD ° ~ CD ro CD VI :::J:E~- £. :::r CD Q '" "'- m c6 ffi ;::::;:~ "Q n VI Ò W.......CÐ :::J C5 g. a- c: 0' "'~'" m~S. ~~'< ~g ~ '" ~ -I :J: » Z ~ -< o c: '< o CO ::r 0> < - -c '" ~ò-g CD :=:, rn a.a._ 5- ~ g" ü) a- en "'C '< ~ 0-0 if5"=:c: ~en- '" '" ~ œ '" " '" () o 3 '0 œ '" '< " 3 0 0> '" '< 0;- " ~ ~ s:s: Q CD CD L.W..L..U.1!..I.....L-~....w,¡¡......-~::,:'" '-..;:.:F----"-, .l~----;r;;-non"'~..:w:i::__' ;~--' _-:::_~" CLOSING STATEMENT JOHN B. SEPENOSKI, JR. to TOWN OF SOUTH OLD Development Rights Easement - 35.0906 total PDR acres (1.4129 acres LlLCO easement area and 1.2283 acres wetlands area excluded from purchase price) Premises: 31025 County Road 48, Southold SCTM #1000-69-1-6 Closing took place on Wednesday, December 1, 2004 at 12 noon, in the Conference Room located in the South old Town Hall Purchase Price: Payable to John B. Sepenoski, Jr. (32.4494 acres @ $30,000/buildable acre) Check #19335 (12/1/04) $ 913,482.00 Expenses of Closing: Appraisal Payable to Carol S. Sweeney, MAl Check #14390 (12/2/03) $ 2,200.00 Survev Payable to John C. Ehlers Land Surveyor Check #71329 (1/21104) $ 4,250.00 Environmental Report Payable to Nelson, Pope & Voorhis, LLC Check #76680 (6/1/04) $ 1,400.00 Title Report Payable to LandAmerica*Commonwealth Check #79334 (12/1/04) $ 4654.00 Fee Policy Premium Deed Recording (easement) $ 4,404.00 $ 250.00* *includes certified copy of deed Title Closer Attendance Fee $ 75.00 Payable to Karen Hagen, Esq. Check #79333 (12/1/04) Those present at Closing: Joshua Y. Horton Lisa Clare Kombrink, Esq. John B. Sepenoski, Jr. Rita Sepenoski Abigail A. Wickham, Esq. Karen Hagen, Esq. Melissa Spiro Melanie Doroski John Sepenoski Southold Town Supervisor Special Counsel for Town of Southold Seller Seller's wife Attorney for Seller Title Company Closer Land Preservation Coordinator Land Preservation Administrative Asst Land Preservation Committee member and cousin to Seller -.. __ __ ...... .....,'-"" ~.-.. . 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J ,-,",. ......,. n..... ......",,.~: -..-.,.1, _ ...,..n) ......'. ,~)}....... ..-...\\_H)·.-,. . 1:::::!!S:::::\i\~:íís;:;(\!::;:\!~;\!:;:;:m::;:\\\::;:'!\::-'::í!\:::::í\\::::¡\!::':;\;¡·~'.\,'''',''"~}'.',,- \.~ \ -;\ -;:; ( - ,..::m:::::m::::: :::o''1?\ ::;:"'~":";¡1B:1,)::ot'?~""'~'''';~Ti':::::<'1?!dr\¿'~~I'C~'(¡'::'i':',,,~.-¡"'~'("'" ~ .~ ',,-.. ".' -- ..',' -! _\n.:...J)~;';':HS",,,,,,")');:;:;.J)j__ln.....-..,H_}»'~',.v,,.',~)n.:;"''J..~..J} :_.1"~~""'<'}·:"'<'!·--'·.~I.'" ........}, ':.....'. ,..";".._),.:"'-~_J~""";<. "'-,;-JI ~.....~) ""..... -~', -, 11'07'1:13511' I:OBI.051.¡;1.1: ¡;3 00 01, Oil' VENDOR 019220 JOHN B. SEPENOSKI,JR. r 12/01/2004 CHECK 79335 , RTThm ~ n.rí'OTThT'T' P 0 It TNVOICE DESCRIPTION AMOUNT H3 .8660.2.600.100 120104 DEV RGHTS-32.4494 973,482.00 TOTAL 973,482.00 ",' ('/.~.'.. -" '->(:-',. /:-~ HfFfr¡ - .... (L:~ \;;U' . ,« j( i(J'~. .. , C'a,,_, ".,.~~ ~- '. r ¡;::;;.~ or. ,-, '\' ~ :;;..4 '\-1 ~\ Q ::.ê. '! ~; ø .:J!: Ij ~) - ¡:-, j ~ -,¡;.'. " 'Il ~. ~ ..-l,'~ '~, 4;.1"':\-'" /,' '\ ~"(J. ~)':r ':;.'''¡. "'\\':¡-" \.. ~ TOWN OF SOUrHOLD . SOUTHOLD, NY 11971,0959 CAROL S. SWEENEY, MAl 127 Swan Lake Drive Patchogue, New York 11772 Phone and Fax (631) 654-0030 ~) October 30, 2003 Ms. Melissa A. Spiro, Land Preservation Coordinator Town of South old Land Preservation Committee 53095 Main Road Southold, N.Y. 11971 RE: Fee for Appraisal Set'\~ces - Sepenoski Farm S.C.T.M #1000 - 69 - 1-6 ............................................................................................................................................................................................................. Complete Appraisal of property located at N/S Middle Road (C.R, 48), west of North Rd. Southold, NY , , . . . . . . . . , . . . . . , , . . . , . . . . . . . . . . , . . . . . . . . . . . . . , . . . . , . . . ,. $2,200.00 .> TOTAL FEE AMOUNT DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,200.00 GL108S 20 TOWN OF SOUTH OLD ** Actual Vendor.. 019840 SWEENEY, MAl/CAROL Y JE Date Trx.Date Fund Account ----------------------------- Begi ,. 9/23/2003 .Y, 12/02/2003 4/20/2004 8/10/2004 9/23/2003 H3 12/02/2003 H3 4/20/2004 H3 8/10/2004 H3 .bOO .bOO .bOO .bDD -------------------------------- E Select Record(s) or Use Action Code Disburs Inquiry by Vendor Name ............. .Detail--GL1DDN.............. W-12D220D3-Sbb Line: 313 Formula: 0 Account.. H3 .bDD Acct Desc ACCOUNTS PAYA8LE Trx Date..... 12/02/2003 SDT 11/2b/D3 Trx Amount... 2,200.00 Description.. APPRAISAL-SEPENOSKI FARM Vendor Code.. 019840 Vendor Name.. SWEENEY, MAl/CAROL S. AltVnd.. CHECK........ 74390 SCNB Invoicø Code. 103003 VOUCHER...... P.O. Code...· 11341 Projøct Code. : Final Payment F Liquid. ],099 Flag.... 7 Fixød Asset.. Y Date Released 12/02/2003 Date Cleared. 12/31/2003 F3=Exit F12=Cancel F21=Image · · · · . . ..........1...................··········· . JOHN C. EHLERS LAND SURVEYOR ) -~~ 71' 6 East Main Street Riverhead, NY 11901 Phone: 631-369-8288 Fax: 631-369-8287 Bill To ----l -- - Town of South old Town Hall Southold, N, y, 11971 Atln: Melanie Doroski Invoice --f:~ Date Invoice # ~5/2004 _2004-~~ ,'- Your Client John B, Sepenoski, Jr, , SCTM# My Job # -, 1000-69-1-6 04-142 Date of Service Description Amount 5/612004 Survey of approximately 39,3 acres for the purchase of 4,250.00 development rights on 34.3 acres. -1108s 20 TOWN OF SOUTH OLD ** Actual Vendor.. 005322 EHLERS/JOHN C. Y JE Date Trx.Date Fund Account I .------------------------ Use Acti " 4/D8/2DD3 4/D8/2DD3 H3 .bDD 4/D8/2DD3 4/D8/2DD3 H3 .bDD 9/23/2DD3 9/23/2DD3 H3 .bDD 9/23/2DD3 9/23/2DD3 H3 .bDD 9/23/2DD3 9/23/2DD3 H3 .bDD 2/24/2DD4 2/24/2DD4 H3 .bDD 4/Db/2DD4 4/Db/2DD4 DB .bDD ~ 7/27/2DD4 7/27/2DD4 H3 .bDD 8/24/2DD4 8/24/2DD4 H3 .bDD -------------------------------- E Select Record(s) or Use Action Code Disburs Inquiry by Vendor Name ............. .Detail--GL:LDCN.............. W-D7272DD4-123 Line: 8D Formula: D Account.. H3 .bDD Acct Desc ACCOUNTS PAYABLE Trx Date..... 7/27/2DD4 SDT 8/D3/D4 Trx Amount... 4,25D.DD Description.. SURVEY-SEPENOSKI PROP Vendor Code.. DD5322 Vendor Name.. EHLERS/JOHN C. : AltVnd.. CHECK........ 77329 SCNB Invoice Code. 2DD4-1b1 VOUCHER...... P.O. Code.... 12D7b Project Code. Final Payment F Liquid. 1D99 Flag.... 7 Fixed Asset.. Y Date Released 7/27/2DD4 Date Cleared. 7/31/2004 : F3=Exit F12=Cancel F21=Image . . ......................................... . !VeISUII, ïUJt: Or VUUUIIS, LLv 572 Walt Whitman Road Phone: 631-427-5665 Melville NY 11747 Fax: 631-427-5620 Property: 04099 Project: VA01478 Sepenoski Property, 37025 Route 48 Manager: McGinn, Steven ) Invoice To: Town of Southold Dept of Land Preserv Town Hall 53095 State Rt 25, PO Box 1179 Southold NY 11971 Attention: Melissa A Spiro Invoice #: 2434 May 14,2004 [nvoice Date: MAKE CHECKS PAYABLE TO NELSON POPE &VOORHIS $1,400.00 Invoice Amount Contract Item #1: Phase I Environmental Site Assessment Work Performed: 3/25 thru 4/21/04 ) Contract Amount: Percent Complete: Fee Earned: Prior Fee Billings: $1,400.00 100.00% $1,400.00 $G.OO Current Fee Total: $1,400.00 *** Total Project Invoice Amount ;$1,400.00 GL108S 20 TOWN OF SOUTH OLD ** Actua 1 Vendor.. 0141b1 NELSON, POPE & VOOR Y JE Date Trx.Date Fund Account ------------------------- Use Acti ,), b/01/2004 b/01/2004 H3 . bOO b/01/2004 b/01/2004 H3 .bOO b/15/2004 b/15/2004 H2 .bOO 7/13/2004 7/13/2004 B .bOO 7i27/2004 7/27/2004 H8 .bOO 7/27/2004 7/27/2004 A .bOO 6/10/2004 8/10/2004 A .bOO 8/10/2004 8/10/2004 A .bOO 6/10/2004 8/10/2004 A .bOO 6/10/2004 8/10/2004 A .bOO 10/19/2004 10/19/2004 H3 .bOO 11/1b/2004 11/1b/2004 H3 .bOO 11/1b/2004 11/1b/2004 H3 .bOD ) -------------------------------- E Select Record(s) or Use Action Code Disburs Inquiry by Vendor Name ............. .Detail--GLLDDN.............. W-Ob012004-b31 Line: 2bO Formula: 0 Account.. H3 .bOO Acct Desc ACCOUNTS PAYA8LE Trx Date..... b/01/2004 SDT b/02/04 Trx Amount... 1,400.00 Description.. PHASE 1 ESA-SEPENOSKI Vendor Code.. 0141b1 Vendor Name.. NELSON, POPE & VOORHIS, Alt Vnd.. CHECK........ 7bb80 SCNB Invoice Code. 2434 VOUCHER...... P.O. Code.... 12084 Project Code. Final Payment F Liquid. 1099 Flag.... 7 Fixed Asset.. Y Date Released b/01/2004 Date Cleared. b/30/2004 F3=Exit F12=Cancel F21=Image . . ......................................... . ~5~f:.~:r~';.,- ' - , " . '. 'C',' - ~" . Tf)"~ :01' 8~UTHOLD .', " :':,~&:~~TÌid1~9~~~~:~~~971-Ò959,' , .' >~'f': :~~,," - .-" ,-' ..-~'~- .-~.:;'." , ~ '2J, ti;bY?:'" ", !štf~~t:, '~;:':~~ .~~:' 12/:1 ~EP$N°ðKf'g~4W " ,NO. ',-. - , ., ' -rnEsu~dO~~'J1Q~~- , , Cv:rCHOOLIE NY 1.1935 - " ,,-. ~ L r' _ 0 . \.";',_.-;.' !if~~¡,"óu~,~~~~ .ri~~;~~.~if~;~:"~o~~;r3' \1f~:~~..~;~·:.-;~ - ':',',.1', .~~~ ).'._'~.','."~' " ,":.~~:~.~, \~ ,)j~ Tel", <f.,A1\IPAIVœìR>IÇA_* ç-øMØoNWnAI;\r.R> - ,iíìS::JY!1':: ", . :¡;BOS iôtífi{!óW\FR:!r"Ró'Ab ';"',·\h" ,. !$~~-o""¡¡ç('BéiK ~jj§": -"',;<''',,:'':--.' ";':'.' . iF ; :, -,' ~,. ~{@' j¡i¡.: . - ,Î- .~; ~.,':; - ,',-;::.. '¡,::Cf\'~-{;\_:,',I\!\~'¡:;:' ,ß "~_ Î,,;n~q;¡:;;(Ù'~~'\í;:~':;'.'~,',; .,¡{} ~~ i'::~- :;:.~ _~;}~ ::'-f.\ :'.";,:.(-; :-.;~'{~ -:;:~r ~~::~;:: <~:·;~-~-:__!i~"ß·.~:~~: ~_:.~r~ :_: y-' ~-.' , AMOUNT $4,654,00 _' lI'O'jll::¡jj"II' ,:on..os..¡;..,: ¡;j " ._.n _ ' _" _..; 1 -, \ _:~ ',,:' __, '. ,- . \ ~ ::. -, l,~. . " VENDOR 003350 LANDAMERICA*COMMONWEALTH r 12/01/2004 CHECK 79334 " H'TThm s:~ n.rrnTTJ\.T'T' P 0 Ii TNVOH'F. DF.SCRIPTION AMOUNT H3 .8660.2.600.100 H3 .8660.2.600,100 RH80040531 RH80040531 TITLE POLICY-SEPENO 4,404.00 RECORD DEED-SEPENOSKI 250.00 TOTAL 4,654.00 . . ~~, ~.~\~ F(~/ I;' -'..: '\ ~-"'~ ,~_.-, .. '.' ~o;:,..\,_,'t :' ~~y ¡..,;,;. --: - .- ~,-~ 1:,'.:' , . .. . (-~' -':."c. ~ ~~~~ .<~ ~,..... , '- , '..\ \.... ./ TOWN OF SOUTHOLD . SOUTHOLD, NY 11971-0959 " ~¡"FIJ(~\ .{.~g '~!J "- G:": :"" ,-\L ~. k~~.-~::',;:;. .....- : TOWN OF SOUTHOLD . -150'541> 214 , , ,>1 ,53~5 MAI,N'ROAD SOUTHOLO, NEW YORK 11971-0959 . 12/il. SEPENOðKf9~3~G , NO. :": " ' , TIiE !l0Fi=oLKèoI,JNTYNATIoNI.L BANK CUTCH?3UE; N'< 11~5 ~{F'(:;~~'; .' "".., f\TIt~~:~) ;._.", '.' ,- .' '. c ~~r,;:-::;lJ,_"-:>':" - ';;;- " ~._~";'.,",\¡..,- ".-" Æ¥.Slh~Ê~:'; "',h~Eìi~1&Ú¡ÖnÓO DOjfµ1/., :-S ._,\\,_.,,,.r. ,",,' ,~'"", ';'" ,\1<,:,",:, :', " ,',",..,' .,1,,,...,'. ,;" .1,' ·Ç~1~:i( -~~--_\ ~ -. ',-~"'.': '~",'> ~. '0\j>ÀÝ:t(i _" ~N :!mG!iN· " . : ~\I\~W!&"'~ . :~i5?I3:·~RW1N:,MtJLEVA*]). )m~~~:~,:Q~NJ;i~~¥:~: ;1;J,~44': \TI~~:~~()}~:;~' ~-: ;.~/\:._...-:"-' '?;'\':.':" "-"~~,\r~~, .DATE '12/01/2004' ' CHECK NO. . AMOUNT - 793'33:' $75.00. " . '<' iVP. --', , I;~ 00 01, Oil' 11 ør.. '\ ~-.~"~'\'-' ,,, ~,- ~! - '. ',-~, .'1;f<J I.,',:, . ., ' . ~ - -> , " .n - " ~ . - " ,. -", lI'O'i'q~~~II' 1:021.1,051,1;1,1: VENDOR 007707 KAREN HAGEN r FlINn ~ I\('('OTINT 12/01/2004 CHECK 79333 P.O.# INVOICE DESCRIPTION "- AMOUNT H3 .8660.2.600.100 12104 TITLE CLOSER-SEPENOSKI 75.00 TOTAL 75.00 l' :f;,. , ' :~~_ }i' .~ ~io- '''''¿''''- Jr,,~,~-· -- r>: ;;:: ...,.; ~~:J' ·S-;\r:· ,~. .?:'f'-... 0,' :'.'1,- ,._~'- ~ J~: .,.'--"" ''\-.-', \... ./ TOWN OF SOUTHOLO . SOUTHOLD, NY 11971·0959 MELISSA A. SPIRO LAND PRESERV A nON COORDINATOR melissa.spiro@town.southold.ny.us OFFICE LOCA nON: Town Hall Annex 54375 State Route 25 (comer of Main Road & Youngs Avenue) Southold, New York Telephone (631) 765-5711 Facsimile (631) 765-6640 To: From: Date: Re: MAILING ADDRESS: P.O, Box 1179 Southold, NY 11971-0959 DEPARTMENT OF LAND PRESERVATION TOWN OF SOUTHOLD Supervisor Horton Town Board Town Clerk Land Preservation Commitlee Town Atlorney Planning Board Tax Assessors Building Department Data Processing Town Comptroller Stewardship Manager Melissa Spiro, Land Preservation Coordinator December 3, 2004 JOHN B. SEPENOSKI. JR. to TOWN OF SOUTH OLD SCTM #1000-69-1-6 Please be advised that the Town has acquired the development rights on the agricultural farmland listed below. If you would like any additional information regarding the purchase, please feel free to contact me. LOCATION: OWNER: 37025 County Road 48, South old John B. Sepenoski, Jr. PURCHASE DATE: Closing took place 12/1/04 PURCHASE PRICE: $973,482.00 (based on 32.4494 buildable acres @ $30,000/acre) EASEMENT AREA: 35.0906 acres (includes 1 .2283 wetlands area and 1.4129 LlLCO easement area) FUNDING: Community Preservation Funds (eligible for a partial funding reimbursement of approximately $31 O,OOO± from a grant from NYS Dept. of Agriculture & Markets) This property is listed in the Town's Community Preservation Project Plan. The landowner left out a 5-acre reserve area from the development rights easement acreage. See atlached sketch for clarification. MISCELLANEOUS: ", .....--" " ",."",",,,,.,,"" " ~~r I~ I ( m$EC.JlL055 . RIII:,RELIIO. ......... FOR ...w:a .. ......... "".-. SŒ SEC.~ ~\t;,. t ~.I., ~:.~r",' tfIIüi, SŒ3JECT TAX MAP LOCA 110N