NY S01811

Authorizes the town of Blooming Grove to establish a community preservation fund by local law, funded by revenues from a real estate transfer tax and other sources.

Imposes a real estate transfer tax on property conveyances in Blooming Grove at a rate not to exceed three-quarters of one percent of the consideration, subject to voter referendum.

Requires the town to adopt a community preservation project plan prioritizing farmland preservation and identifying land use alternatives including fee simple acquisition, zoning regulations, transfer of development rights, and conservation easements.

Creates a five or seven-member advisory board with conservation or land preservation experience to review and recommend property acquisitions using fund monies.

Permits use of fund monies for acquiring property interests, establishing transfer of development rights banks, and managing preserved lands for public use while maintaining ecological and historic preservation standards; exempts farm operations from public access requirements.