SECTION 1. The commissioner of the division of capital asset management and maintenance, acting in consultation with the department of conservation and recreation, may, subject to the provisions of sections 32 to 34, inclusive, of chapter 7C of the General Laws, convey by deed of easement, approved as to form by the attorney general, to Edge Cable Holdings USA, LLC, hereinafter “Edge”, a 20-foot-wide permanent easement over and under a parcel of land, being currently held by the department of conservation and recreation for conservation purposes, located in the city of Lynn. The easement shall contain approximately 15,572 square feet of land and is within a certain portion of a parcel of land currently held by the department of conservation and recreation located in the city of Lynn. The dimensions of the easement area are detailed on a plan of land entitled “Edge Cable Holdings USA, LLC Horizontal Directional Drill Easement Lynn, Essex County, Massachusetts,” prepared by Michael Baker International Consulting Engineers, dated March 2020 to be filed with the department of conservation and recreation and recorded with the southern Essex district registry of deeds along with the easement.

Modifications to the easement description set forth in the plan may be made by the commonwealth for conformance with this act.  The easement shall be granted without warranties or representations by the commonwealth.

The easement shall be used for the installation and maintenance of fiber optic cables, which shall be installed underground, together with necessary appliances and appurtenances. For the purposes of this act, fiber optic cables shall be used for the transmission, reception and switching of broadband, voice, data and video signals.

SECTION 2. Notwithstanding any general or special law to the contrary, the commissioner of the department of conservation and recreation may grant a license or permit for nominal consideration to Edge to provide Edge with immediate and complete access to, control of and liability and responsibility for the property described in section 1 and, for the purposes of this act, such licenses or permits shall govern until the grant of easement authorized in this act takes effect.

SECTION 3. The fair market value of the easement described in section 1, or the value in use as proposed, shall be based on independent professional appraisals, as commissioned by the commissioner of capital asset management and maintenance.  Edge shall compensate the commonwealth in an amount greater than or equal to the full and fair market value, or the value in use of the easement as proposed, whichever is greater, as determined by the independent appraisals.  All money paid to the commonwealth by Edge as a result of the conveyances authorized by this section shall be deposited in the General Fund.  The commissioner of capital asset management and maintenance shall submit the appraisals and a report thereon to the inspector general for review and comment.  The inspector general shall review and approve the appraisals and the review shall include an examination of the methodology utilized for the appraisals.  The inspector general shall prepare a report of the review and file the report with the commissioner of capital asset management and maintenance for submission by the commissioner to the house and senate committees on ways and means and the senate and house chairs of the joint committee on state administration and oversight.  The commissioner shall submit copies of the appraisals, the report thereon and the inspector general’s review and approval, and comments, if any, to the house and senate committees on ways and means and the senate and house chairs of the joint committee on state administration and oversight prior to the execution of the conveyances authorized by this act.

SECTION 4. To ensure a no-net-loss of lands protected for natural resource purposes and as a condition of the conveyance authorized in section 1, Edge shall, in addition to any compensation from Edge to the commonwealth required pursuant to section 3, compensate the commonwealth for the easement described in this act through the transfer to the department of conservation and recreation of land or an interest therein or funding for the acquisition of land or an interest therein equal to or greater than the appraised value of the easement as determined pursuant to this act. The fair market value of any land or interest in land proposed to be conveyed by Edge to the department shall be included within the appraisal required by section 3.  The land or interest therein or funding shall be acceptable to the department of conservation and recreation and any land or interest therein, whether conveyed by Edge or acquired by the department, shall be permanently held and managed for conservation and recreation purposes by the department.  All payments paid to the commonwealth as a result of this section shall be deposited in the Conservation Trust established in section 1 of chapter 132A of the General Laws.