Notwithstanding the provisions of this chapter or section 12-217dd , any land acquired from a water company, as defined in section 16-1 , by a municipal corporation for the purposes of construction of a school and related facilities in a town with a population between eleven thousand six hundred and eleven thousand nine hundred, as enumerated by the 2000 federal decennial census, shall be treated as open space for purposes of establishing the right to acquire, ratemaking and taxes.
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