Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. The conservation commission of the town of Wrentham may transfer care, custody and control of a certain parcel of conservation land located in said town to the board of selectmen of said town. Said parcel is shown as Parcel B on a plan of land entitled "Plan of Land in Wrentham, MA" dated March 16, 1998 prepared by Wilson Associates Engineering and Survey, Inc., a copy of which is on file at the office of the board of selectmen of said town.
SECTION 2. The town of Wrentham, acting by and through its board of selectmen, may convey the parcel of conservation land described in section 1 to Gino Federico, trustee of the Gino Federico Realty Trust to be used for personal purposes.
SECTION 3. In consideration and as a condition of the conveyance authorized in section 2, Gino Federico, trustee of the Gino Federico Realty Trust shall convey to the town of Wrentham a certain parcel of land shown as Parcel A on a plan entitled, "Plan of Land in Wrentham, Massachusetts, prepared for Gino Federico, 588 East Street, Wrentham, Massachusetts" dated March 16, 1998, prepared by Wilson Associates, Franklin, Massachusetts; together with the benefit of a 10' Wide Walking Easement and a 30' Wide Water Easement, both shown on said plan.
SECTION 4. The town of Wrentham shall arrange and pay for an independent appraisal under the direction of the town to determine the full and fair market value of the parcels to be conveyed pursuant to sections 2 and 3. The inspector general shall review and approve said determinations of value and said review shall include an examination of the methodology utilized for said appraisals. Said town shall convey the parcel authorized by section 2 only if said inspector general certifies in writing that the total value of the parcel to be conveyed together with the easement pursuant to section 3, as so determined is not less than the value of the parcel to be conveyed pursuant to section 3 as so determined. Said inspector general shall prepare a report of his review and certification and file same with the joint committee on state administration.
SECTION 5. This act shall take effect upon its passage.