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          legislative history underlying this statute contains the                    
          following relevant examples of uses that may satisfy the open               
          space requirement:                                                          
               the preservation of * * * [land] as a public garden * *                
               * (1) the preservation of farmland pursuant to a State                 
               program for flood prevention and control; (2) the                      
               preservation of a unique natural land formation for the                
               enjoyment of the general public; (3) the preservation                  
               of woodland along a Federal highway pursuant to a                      
               government program to preserve the appearance of the                   
               area so as to maintain the scenic view from the                        
               highway; and (4) the preservation of a stretch of                      
               undeveloped oceanfront property located between a                      
               public highway and the ocean so as to maintain the                     
               scenic ocean view from the highway.  [S. Rept. 96-1007,                
               at 12 (1980), 1980-2 C.B. 599, 605.]                                   
          Generally, the examples provided in the legislative history                 
          concern the preservation of the natural state of land.                      
          Petitioners’ argument addresses this requirement from their                 
          viewpoint that the limiting of the Grist Mill property                      
          development to 30 lots rather than 62 lots enables it to have “a            
          distinctly open quality.”  Respondent counters that even if the             
          deed effectively limited development to 30 lots, there were no              
          restrictions placed on open space within the buildable area.                
          Further, there could be no building on the remaining acreage                
          because it was designated floodplain.  Accordingly, we agree with           
          respondent’s argument.                                                      
               Petitioners do not contend, nor was it feasible, that                  
          residential units could have been built on the floodplain portion           
          of the property.  Therefore, a conservation easement, if any,               
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