Current as of January 01, 2020 | Updated by FindLaw Staff
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(a)(1) Within 15 business days of the issuance of a judgment of condemnation by the court or of the preparation of a notice of condemnation by the Agency in accordance with subdivision 503(e)(2) of this chapter, the Agency shall:
(A) record the judgment or notice, including the description of the property taken, in the office of the clerk of the town where the land is situated; and
(B) tender to the property owner, or deposit with the court, the amount of the offer of just compensation prepared under subsection 503(b) of this chapter or any other amount agreed to by the owner.
(2) For the purposes of this chapter, if an interested person has not provided the Agency identification information necessary to process payment, or if an interested person refuses an offer of payment, payment shall be deemed to be tendered when the Agency makes payment into an escrow account that is accessible by the interested person upon his or her providing any necessary identification information.
(b) Title in the property shall vest in the State, and the Agency may proceed with the project, upon the later of:
(1) the Agency's complying with the requirements of subsection (a) of this section; and
(2) the Agency's mailing or delivering to the owner a notice of taking stating that it has complied with the requirements of subsection (a) of this section.
(c) Except in the case of agreed compensation, an owner's acceptance and use of a payment under this section does not affect his or her right to contest or appeal damages under sections 511-513 of this chapter, but shall bar the owner's right to contest necessity and public purpose.
(d) Upon the Agency's recording of the judgment or notice of condemnation, the clerk with responsibility over land records shall enter the name of each property owner named in the judgment or notice as a grantor in the general index of transactions affecting the title to real estate. The Agency shall comply with the provisions of 27 V.S.A. chapter 17 governing the composition and recording of project layout plats.
(e) Repealed by 2011, Adj. Sess., No. 126, § 2, eff. July 1, 2012.
Cite this article: FindLaw.com - Vermont Statutes Title 19. Highways, § 506. Recording of judgment or notice of condemnation; payment; vesting of title - last updated January 01, 2020 | https://codes.findlaw.com/vt/title-19-highways/vt-st-tit-19-sect-506.html
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