SECTION 1. Notwithstanding chapters 30B or 121B of the General laws, or any other general or special law to the contrary, but subject to paragraphs (a), (b) and (g) of section 16 of chapter 30B, the City of Fall River Housing Authority is hereby authorized to convey a certain parcel of land, with a building thereon, located at 229 Highland Avenue, Fall River known as Assessors’ Parcel M-22-0005, and being the same premises recorded in the Bristol County Fall River District Registry of Deeds in Book 1596, Page 230, to Southcoast Hospital Group, Inc. provided, however, that the premises upon conveyance shall be restricted to hospital related uses. As a condition for the conveyance, Southcoast Hospital Group, Inc. shall either (i) convey a replacement property, of equal or greater value, located in Fall River to the Fall River Housing Authority or its designee, and any such conveyance shall be sufficient consideration for the conveyance of 229 Highland Avenue, as approved by the Department of Housing and Community Development, the Department of Mental Health and the Authority or (ii) pay for the conveyance at the fair market value of 229 Highland Avenue as established by the appraisal required by SECTION 2. Any such replacement property shall be conveyed to the Fall River Housing Authority notwithstanding G.L. chapters 30B, or 121B of the General laws, or any other general or special law to the contrary, but subject to paragraphs (a), (b) and (g) of section 16 of chapter 30B. Any replacement property shall be suitable for inclusion in the so-called Chapter 689 program at a comparable level of service as previously provided by 229 Highland Avenue, as determined by the Department of Mental Health, or the net proceeds paid by Southcoast Hospital Group, Inc. shall be used solely to acquire a replacement property for use in the Chapter 689 program.
SECTION 2. Prior to the conveyance authorized in SECTION 1, the Fall River Housing Authority shall determine the fair market value of the parcel based upon an independent appraisal of the property located at 229 Highland Avenue. If a parcel is conveyed to the Fall River Housing Authority under clause (i) of section 1 of this act, the Fall River Housing Authority shall determine the fair market value of that parcel based upon an independent appraisal as well.
SECTION 3. Notwithstanding any general or special law to the contrary, Southcoast Hospital Group, Inc. shall assume all costs and expenses including, but not limited to, the costs of any appraisals, recording fees and deed preparation related to the transaction pursuant to this act as such costs may be determined by the Fall River Housing Authority.
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