(a) A planning commission may negotiate for or secure from the owner of reserved land:
- (1) a release of claims for damages or compensation for the reservation of the land; or
- (2) an agreement indemnifying the local jurisdiction from claims by others for damages or compensation.
- (b) A negotiated release or agreement shall bind the landowner executing the release or agreement and the landowner's successors in title.
Added by Acts 2012, c. 426, § 2, eff. Oct. 1, 2012.