Within the territorial limits of the Town of Griswold, no real property
may be acquired by eminent domain for economic development purposes pursuant
to C.G.S. §§ 8-128 to 8-133, inclusive, if the resulting project
will be privately owned or controlled. If residential, vacant land, industrial
and/or commercial property is acquired through eminent domain for public purposes,
the owner of the property shall be compensated at 125% of the currently appraised
value; the Town or the entity exercising the eminent domain powers shall be
responsible for the costs of the certified appraisal and/or survey, if needed.
Nothing contained herein shall be construed to limit the use of eminent domain
powers for public purposes, including but not limited to the construction
of sewers, highways, sidewalks, rights-of-way, flood and erosion control purposes
or for any other transaction where the property rights acquired will be held
or controlled by the Town of Griswold. This chapter shall not be inconsistent
with any subsequently enacted state law; however, the Town of Griswold does
recognize that it can limit the Town's own eminent domain powers further
than the State laws limit.