SECTION 1. Notwithstanding sections 32 to 37, 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, in consultation with the president of North Shore community college, may convey to the city of Lynn for roadway and other purposes as are necessary to carry out the widening and installation of angled parking spaces on Washington street along with other improvements by the city of Lynn as shown on a plan on file with the division. The grant of the easement shall be subject to sections 2 to 4, inclusive, and to such additional terms and conditions as the commissioner of capital asset management and maintenance, in consultation with the president of North Shore community college, may reasonably require consistent with this act and the project purposes. Prior to finalizing the transaction authorized herein, the exact boundaries of the easement area shall be determined by the commissioner of capital asset management and maintenance based upon a survey.
SECTION 2. The city of Lynn shall assume all costs associated with engineering, surveys, appraisals, deed preparation and other expenses necessary to execute the conveyance authorized in this act.
SECTION 3. An independent appraisal of the fair market value and value in use of the easement described in section 1 as restricted pursuant to section 4 shall be prepared in accordance with the usual and customary professional appraisal practices by a qualified appraiser commissioned by the commissioner of capital asset management and maintenance. Consideration for the grant of the easement pursuant to section 1 shall be the full and fair market value or the value in proposed use, whichever is greater, as determined by the commissioner of capital asset management and maintenance. The commissioner of capital asset management and maintenance shall submit the appraisal to the inspector general for review and comment. The inspector general shall review and approve the appraisal and the review shall include an examination of the methodology utilized for the appraisal. The inspector general shall prepare a report of such review and file the report with the commissioner of capital asset management and maintenance. After receiving the report, the commissioner shall submit copies of the report to the house and senate committees on ways and means and the joint committee on state administration and regulatory oversight at least 15 days prior to the execution of documents effecting the grant of easement authorized in said section 1.
SECTION 4. No instrument executed pursuant to this act shall be valid unless it provides that the easement shall be used solely for the purposes described in section 1. The instruments authorized in said section 1 shall include a reversionary clause that stipulates the easement shall terminate, upon such terms and conditions as the commissioner of capital asset management and maintenance may determine, if the property ceases to be used for the express purposes authorized in this act. Prior to any reversion, the commissioner shall provide notice of any violations to the city of Lynn and the city may cure the violation to the satisfaction of the division. If any interest reverts to the commonwealth, any further disposition shall be subject to sections 34 to 37, inclusive, of chapter 7C of the General Laws and the prior approval of the general court.
SECTION 5. The cash proceeds of the grant of the easement authorized in section 1 shall be deposited into an expendable trust established on behalf of North Shore community college pursuant to section 6 of chapter 6A of the General Laws and 801 CMR 50.00. Proceeds in the trust may be expended for capital repairs and improvements to the Lynn campus of North Shore community college, including, but not limited to, improvements relating to flooding mitigation or other work on the campus, as determined by the commissioner and the president of North Shore community college and approved by the secretary of administration and finance.
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