6.0.1. Any person having acquired land in accordance with section 6 shall, before the expiry of three years from the date of such acquisition, build on the land a building intended to be used for the purposes set out in that section. However, the municipality may fix a period of less than three years in the contract.
If the acquirer has not fulfilled his obligation to build, the local municipality may, within one year after the expiry of the period applicable pursuant to the first paragraph, take back the land, in which case it shall pay to the acquirer the price it received from the acquirer upon the alienation of the land.
1994, c. 34, s. 6; 2002, c. 37, s. 239.