Sec. 1. 30-A MRSA §3101, sub-§2, ¶B is enacted to read:

B.__The development must be started on any property that has been acquired through condemnation within a period of 5 years from the date of the deed to the condemnor, or the date on which the condemnor took possession, whichever is earlier, for the purpose for which it was condemned.__ Failure of the condemnor to begin development within that period entitles the current landowner or the landowner's heirs or devisees to reacquire the property at the price the condemnor paid to the landowner for the property.__The current owner of the land from which the condemned land was taken may reacquire the land as set forth in this paragraph.

SUMMARY

This bill permits a person whose land was taken by a municipality by eminent domain to reacquire the property at the price the municipality paid to that person for the property if the municipality does not start development of the property for the purpose for which it was taken within 5 years of the time it was taken.