AN ACT AUTHORIZING THE DIVISION OF CAPITAL ASSET MANAGEMENT AND MAINTENANCE TO CONVEY A CERTAIN PARCEL OF LAND IN THE CITY OF FALL RIVER.
Be it enacted by the Senate and House of
Representatives in General Court assembled, and by the authority of the same,
SECTION 1. The commissioner of capital asset
management and maintenance may, subject to sections 40E to 40J, inclusive, of
chapter 7 of the General Laws and the
requirements of this act, sell and convey to the city of Fall River by deed a
parcel of state-owned land, together with all buildings and structures located
thereon, known and numbered as 64 Durfee Street, in this act referred to as the
"parcel", located in the city of Fall River. The exact boundaries of the parcel
shall be determined by the commissioner after completion of a survey. Any subsequent
disposition of the parcel, or any portion thereof, by the city of Fall River or
the Fall River Redevelopment Authority acting on its behalf, for private development
or cultural purposes shall be permitted, subject to subsections (a), (b) and (g)
of section 16 of chapter 30B of the General
SECTION 2. The consideration to be paid by the city of Fall
River to the commonwealth for the parcel shall be not less than the full and fair
market value for the parcel. The value of the parcel shall be determined by the
commissioner of capital asset management and maintenance based upon an independent
professional appraisal. The inspector general shall review and approve the appraisal,
and the review and appraisal shall include an examination of the methodology utilized
for the appraisal. The commissioner shall, 30 days before the conveyance authorized
by this act submit the appraisal and a report thereon to the inspector general.
The inspector general shall prepare a report of his review and approval of the
appraisal and file the report with the commissioner and copies of the same shall
be filed with the house and senate committees on ways and means and with the chairmen
of the joint committee on state administration at least 15 days before the conveyance.
SECTION 3. The city of Fall River shall be responsible for the
costs of any appraisals, surveys, including, without limitation, the cost of preparing
a recordable plan and the cost of recording the plan with the appropriate registry
of deeds or filing the plan with the appropriate registry district of the land
court, and other expenses relating to the conveyance of the parcel deemed necessary
by the commissioner.