SECTION 1. The town of Nantucket may transfer, sell, convey or otherwise dispose of all or a portion of a certain parcel of land located at 50 Altar Rock road to the Nantucket Conservation Foundation, Inc. for open space, recreational and conservation purposes.   The parcel was acquired by the town for park purposes by a deed recorded in the Nantucket county registry of deeds and registered as certificate number 1405.  The land is also shown on the Nantucket assessors’ map 45 as parcel 9.  The disposition of the parcel shall be on such terms and conditions as the select board deems appropriate; provided however, that such terms and conditions may include the reservation of any easements and restrictions in regard to the property; and provided further, that such terms and conditions may also include acceptance of a conveyance of certain land from the Nantucket Conservation Foundation, Inc. to ensure  a no-net-loss of land in the town that is preserved under Article 97 of the Amendments to the Constitution of Commonwealth, all as shown on a map entitled “2022 Annual Town Meeting Warrant Articles 93 + 94 Real Estate Conveyance: 50 Altar Rock Road”, dated January 2022 and filed in the office of the town clerk.

SECTION 2. This act shall take effect upon its passage.”