What method is used when a builder transfers ownership of streets in a new subdivision to the town?

The transfer of ownership of streets in a new subdivision to the town is accomplished through the method known as statutory dedication. This process involves the builder, or developer, formally dedicating land for public use, such as streets, parks, and other amenities, to the local government. Statutory dedication typically occurs during the subdivision approval process, where the developer agrees to dedicate certain parcels of land.

Once the streets are dedicated, they become public property and can be maintained by the town, ensuring they meet safety and accessibility standards. This process is crucial as it allows the community to grow while ensuring that necessary infrastructure is available for residents.

In contrast, private transfer relates to the sale of property between individuals without involving public interest, which would not apply to the public streets being dedicated. Conditional sale implies that certain conditions must be met before the transfer is complete, which is not the case for public streets intended for immediate use by the municipality. Mandated assignment suggests a forceful transfer of property, which is not aligned with the voluntary nature of statutory dedication in meeting community needs and regulatory requirements.