AN ACT PROVIDING FOR THE DISPOSITION OF COMMONWEALTH PROPERTY IN THE CITY OF CHELSEA.
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
The commissioner of the division of capital asset
management and maintenance, subject to the provisions of sections 40E to 40J,
chapter 7 of the General Laws and the provisions of this act,
may sell and convey by deed the commonwealth-owned property at 24 Hillside
avenue in the city of Chelsea, shown generally as lot 59 on
the city of Chelsea Assessor's Map 66.
The consideration for the conveyance authorized by this
act shall be the full and fair market value of the property for its highest and
best use, determined by the commissioner of the division of capital asset
management and maintenance based on an independent professional
appraisal. The amount of the consideration shall be subject to the review and
approval of the inspector general, which review and approval shall include the
methodology used in said appraisal. Said commissioner shall submit the
to said inspector general, together with a report stating the intended
consideration for the conveyance. Said inspector general shall have 30 days
after receipt of said appraisal and the report for his review and approval.
Said inspector general shall submit a report on his review and approval of said
appraisal and consideration for the property to said commissioner. At least 15
days before conveying a deed of the property, said commissioner shall submit a
copy of said inspector general's report to the clerks of the senate and house
for distribution to the chairmen of the house and senate committees on ways and
means and the joint committee on administration.
The recipient of the property shall be responsible for all
costs and expenses of the transaction authorized by this act as determined by
the commissioner of the division of capital asset management and maintenance,
including without limitation, the cost of any survey,
appraisal and preparation of the deed and for all costs and liabilities
associated with the ownership of said property. The recipient shall acquire
property in its existing condition without any warranty by the commonwealth.