A. The title to the street or other public right-of-way vacated on a plat attaches to the lot or lands bordering on the area in equal proportions, except that if the area was originally dedicated by different persons, original boundary lines shall be adhered to so that the street area which lies on one side of the boundary line shall attach to the abutting property on that side, and the street area which lies on the other side of the boundary line shall attach to the property on that side. The portion of a vacated street which 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 municipality in which the land is located.

B. If a municipality acquired the street or other public area vacated for legal consideration, before the final act of vacation, the fair market value of the street or public area shall be deposited with that municipality. Title transfer under this subsection shall be warranted by the municipality in the same manner as it was received.

C. Provisions of subsection A of this section notwithstanding, the commission may determine that all or a portion of the area vacated should be devoted to another public purpose and, if so, title to the area vacated and held for another public purpose does not vest as provided in subsection A of this section but remains in the municipality. [Ord. 90-15 §2, 1990].