HB 1750 - DIGEST

(DIGEST AS ENACTED)

     Authorizes cities and towns to require full compensation from abutting property owners for street vacations.

     Provides that if the street or alley has been part of a dedicated public right-of-way for twenty-five years or more, the city or town may require the owners of the property abutting the street or alley to compensate the city or town in an amount that does not exceed the full appraised value of the area vacated.

     Declares that one-half of the revenue received by the city or town as compensation for the area vacated, must be dedicated to the acquisition, improvement, development, and related maintenance of public open space or transportation capital projects within the city or town.