Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. The commissioner of the division of capital asset management and maintenance may, subject to sections 40E to 40J, inclusive, of chapter 7 of the General Laws, sell and convey by deed a parcel of state owned land located in the city of Waltham to an individual or entity subject to the requirements of section 2 and to such additional terms and conditions as the commissioner may prescribe in consultation with the department of mental retardation.
The parcel contains approximately 31,260 square feet of land and is the premises taken by the commonwealth by a taking dated April 28, 1920 and recorded with the Middlesex south district registry of deeds in Book 4345, Page 169. The exact boundaries of the parcel shall be established by the commissioner of capital asset management and maintenance based on a survey to be completed for the conveyance of the parcel.
SECTION 2. The grantee shall pay full and fair market value of the property as determined by the commissioner of the division of capital asset management and maintenance based on an independent appraisal. The grantee shall pay all expenses associated with any appraisals, surveys and other expenses relating to the transfer of the land and shall be responsible for all costs, liabilities and expenses of any nature and kind for its ownership.
SECTION 3. The commissioner of the division of capital asset management and maintenance 30 days before the execution of any contract authorized by section 1 or any subsequent amendment thereto shall submit the contract or amendment thereto to the inspector general who shall review and approve the contract or amendment and the inspector general shall submit his approval or disapproval to the commissioner within 20 days of receipt.