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 town of Tewksbury may convey to the successful proposer certain town-owned conservation land consisting of approximately 3,521 square feet to be used for residential purposes. The land is shown on Tewksbury Assessor's Map 98, Lot 148.
SECTION 2. The consideration for the parcel described in section 1 shall be the fair market value of the parcel or the fair market value of its proposed use, whichever is greater, to be determined by 1 or more independent appraisals. The cost of such appraisal shall be assumed by the successful proposer. This conveyance shall be made in accordance with chapter 30B of the General Laws and the town of Tewksbury shall apply the proceeds thereof for conservation and recreation purposes.
SECTION 3. This act shall take effect upon its passage.