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The Iaconos family recently approached East Hampton about buying the developments rights on a 7.7-acre farm on Long Lane. The town happily obliged, and offered them $680,000 for it. Problem is, one board member thinks the town is totally ripping off the family! He explains: "I do not feel good about the amount of money being offered. I think that the noble cause of preservation mistakenly led to devaluing this land. I believe that the intent of the community preservation fund law was to preserve farmland fairly, not steal it, conveniently." [EH Star]