[Adopted 10-12-1993 by Ord. No. 93-48]
Any real and personal property held and used
by the Barrington Land Conservation Trust, Inc., an organization meeting
the definition of "charitable trust" as set forth in § 18-9-4
of the Rhode Island General Laws (as amended), and exclusively used
for the purpose of conserving open space as that term is defined in
Title 45, Chapter 36, of the Rhode Island General Laws (as amended),
shall be exempt from taxation by the Town of Barrington, except that
taxes assessed as of the December 31 next preceding the date of acquisition
by the Barrington Land Conservation Trust shall be paid through the
date of acquisition; provided, however, that before any such property
is sold or otherwise disposed of, the transaction shall first be submitted
to the Town Council of the Town of Barrington for approval of the
terms and conditions of such disposition, including but not limited
to collection by the Town of an amount of money not to exceed the
total sum of taxes which would have been assessed but for the exemption
hereby granted if the said Town Council deems it advisable.
