(A) The title to a right-of-way or other public area vacated on a plat attaches to the lot or lands bordering on the area in equal proportions, except that if the area vacated was originally dedicated by different persons, original boundary lines shall be adhered to so that the area that lies on one side of the boundary line shall attach to the abutting property on that side and the area that lies on the other side of the boundary line shall attach to the property on that side. The portion of a vacated area that lies within the limits of a platted addition attaches to the lots of the platted addition bordering on the area. If a public square is vacated, the title to it vests in the city if it lies within the city. If the property vacated is a lot or tract, title vests in the rightful owner.
(B) If the city acquired the right-of-way or other public area vacated for legal consideration or by express dedication to and acceptance by the city other than as a subdivision platting requirement, before the final act of vacation the fair market value of the area shall be deposited with the city.
(Ord. No. 2001-04, passed 5-8-01; Am. Ord. 2005-09, passed 4-26-05)