The purpose of this section is to provide property owners with greater development opportunities in exchange for concessions or amenities desired by the Town through the Town's Comprehensive Plan. The Town Board shall be responsible for approving an incentive development pursuant to Town Law § 261-b and accepting dedication of the open space.

A development on at least five acres of land adjacent to the waterfront and that dedicates 25% of the land to the Town for public access, and which such area has at least 200 feet of water frontage, may increase the density of their development to five units per acre of the entire lot. Minimum lot area shall not apply and setback requirements may be waived. This incentive is only available for lots that are served by public sewer.