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Town Board schedules public hearing on proposed 6.2-acre open-space purchase on Cobbetts Lane for $2.5 million
Summary
The board called a May 18 public hearing to consider acquiring approximately 6.2 acres on Cobbetts Lane for preservation and water-quality protection at a proposed purchase price of $2.5 million to be funded by the Community Preservation Fund.
The Shelter Island Town Board on April 27 passed Resolution 2026-198 to schedule a public hearing on May 18 regarding a proposed acquisition of roughly 6.2 acres on Cobbetts Lane in Shelter Island Heights, with a proposed purchase price of $2,500,000 plus associated closing costs.
The resolution states the purpose of the proposed purchase is preservation of open space and protection of water quality, and lists the Community Preservation Fund as the proposed funding source. The public hearing will allow residents to comment on the proposed acquisition and the use of CPF funds; the board did not adopt the purchase at this meeting but scheduled the hearing and related vote activity.
Board members did not discuss alternative funding scenarios in the minutes; the action at this meeting was to call the public hearing and make the proposal available for comment and review before any final decision.
