Pursuant to Connecticut General Statutes § 7-131r
and Public Act No. 05-228, the Town hereby establishes a Land Acquisition
Fund to be used for the purpose of acquiring and maintaining land
and development rights within the Town of Easton. Such fund shall
not lapse at the close of the municipal fiscal year. Such fund shall
be held in a separate, interest-bearing account with all interest
and income derived from the assets of the fund paid into the fund
and added to the assets of the fund. The Land Acquisition Fund may:
A. Accept donations from the public and private entities and from individuals.
B. Accept contributions required by the Town Planning and Zoning Commission
and the Conservation Commission as a condition for the approval of
applications before such Commissions. Such required contributions
may be in place of or in addition to any contribution to the Fee in
Lieu of Open Space Fund. This chapter is intended to supplement, and
not to replace, the Fee in Lieu of Open Space Fund.
C. Receive funds through an appropriation in the annual budget as allowed
by Connecticut General Statutes § 7-131r.
D. Be used alone or in combination with other public or private funds
to acquire and maintain land and development rights.
E. Be used for the purpose of investigating, testing, appraising, and
analyzing the suitability and value of a potential parcel of land
for acquisition.
F. Be used for the purpose of providing for the general maintenance,
but not improvement, of such acquired parcels.
The Town shall not acquire any real property by purchase, lease
or otherwise, nor shall the Town dispose of any real property by sale,
lease or otherwise without the approval of the Board of Selectmen
by majority vote at a regular or special meeting of the Board of Selectmen
called for such purpose.
This article shall not apply to any acquisition or disposition
by the Town prior to the effective date of this article, nor to any
existing lease executed prior to the effective date of this article,
nor to any renegotiation or renewal of such prior lease although consultation
with the Board of Finance is required unless there is a change in
purpose (in which case the renegotiation or renewal shall be treated
as a new lease), nor to any acquisition of real property by the Town
by tax foreclosure. Any acquisition or disposition of any real property
by the Town to which this article does not apply shall be approved
by the Board of Selectmen at a regular or special meeting called for
such purpose. This article shall also not apply to any acquisition
of open space acquired as part of a subdivision approval by the Planning
and Zoning Commission.