SECTION 1. Notwithstanding sections 32 to 38, inclusive, of chapter 7C of the General Laws or any general or special law to the contrary, the commissioner of capital asset management and maintenance, may convey a portion of a certain parcel of land in the town of Belmont formerly used for the purposes of incineration by the town of Belmont under the provisions of chapter five hundred and thirteen of the acts of nineteen hundred and fifty-five and subsequently by the declaration of reversion in chapter six hundred forty of the acts of nineteen hundred and eighty-seven reverted to the commonwealth under section three of said chapter five hundred and thirteen, for recreation, public works or other municipal purposes.  Said parcel is bounded and described as follows:

Beginning at a point in the southwesterly line of Concord Avenue, distant one thousand six hundred eighty-five (1,685) feet from the Lexington town line; thence running along Concord avenue to the property line of the Massachusetts General Hospital, (now McLean Hospital Corporation) six hundred thirty-four and eighty-five one hundredths (634.85) feet; thence turning and running southerly by land of said Massachusetts General Hospital, four hundred sixty-one and forty-five one hundredths (461.45) feet; thence turning and running southwesterly but more westerly across Clematis brook to the middle line of Beaver brook, five hundred sixty-six and ninety one hundredths (566.90) feet; thence turning and running southeasterly but more southerly by the middle line of said Beaver brook to the Waltham town line, two hundred thirty-four and eighty one hundredths (234.80) feet; thence turning and running northwesterly along the Waltham town line, six hundred thirteen and fifty-five one hundredths (613.55) feet to a point marked by a stone bound; thence turning and running northeasterly one thousand one hundred ten and forty-one one hundredths (1,110.41) feet, to the point of beginning; being the parcel of land shown on a plan entitled "Plan of land in Belmont, Mass. Scale 1 inch = 150 feet, dated April 29, 1955 by Joseph W. Kales, Town Engineer" recorded at the southern district registry of deeds in the county of Middlesex with as plan number 882 of 1956, and recorded with the deed from the Commonwealth of Massachusetts to the Town of Belmont recorded in Book 8736, Page 599.

The commissioner of capital asset management and maintenance shall determine the exact boundaries of the parcel after completion of a survey. This parcel shall be conveyed by deed without warranties or representations by the commonwealth.

SECTION 2. The consideration for the parcel shall be the full and fair market value of the parcel for the use authorized by this act, as determined by the commissioner of the division of capital asset management and maintenance based upon an independent professional appraisal and including the conditions set forth in section 1; provided, however, that any costs related to remediation of the site shall be applied against the final appraised value of the parcel; and provided further, that the commissioner of capital asset management and maintenance may accept the findings of a previous appraisal of the parcel conducted by an appraiser acceptable to that commissioner.

SECTION 3. Notwithstanding any general or special law to the contrary, the inspector general shall review and approve the appraisal required pursuant to section 2. The inspector general shall prepare a report of his review of the methodology utilized for the appraisal and shall file the report with the commissioner of capital asset management and maintenance, the house and senate committees on ways and means and the joint committee on state administration and regulatory oversight. Thirty days before the execution of a deed for the conveyance authorized by this act or any subsequent amendment thereto, the commissioner of capital asset management and maintenance shall submit the proposed deed or amendment and a report thereon to the inspector general for his review and comment. The inspector general shall issue his review and comment within 15 days after receipt of the proposed deed or amendment. The commissioner shall submit the proposed deed or amendment, and the reports and the comments of the inspector general, if any, to the house and senate committees on ways and means and the joint committee on state administration and regulatory oversight at least 15 days before execution of the deed or amendment.

SECTION 4. Notwithstanding any general or special law to the contrary, the Town of Belmont shall be responsible for all costs and expenses of the transaction authorized in this act as determined by the commissioner of capital asset management and maintenance including, but not limited to, the costs of any engineering, surveys, appraisals and deed preparation related to the conveyance of the parcel and all costs, liabilities and expenses of any nature and kind for its ownership.

SECTION 5. The deed or other instrument conveying the parcel to the Town of Belmont shall provide that if the parcel ceases at any time to be used for the purposes set forth in this act, title to the parcel shall, at the election of the commonwealth, revert to the commonwealth.