AN ACT AUTHORIZING THE TOWN OF NANTUCKET TO USE, CONVEY OR OTHERWISE DISPOSE OF CERTAIN LAND IN THE TOWN OF NANTUCKET FOR MUNICIPAL PURPOSES.
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 Nantucket and the Nantucket Island Land Bank may release and transfer their property interests to each other in certain land located in the town of Nantucket, known as the South Pasture near Bunker road, as shown on the town’s assessor’s map 78, parcel 4. This parcel of land consists of approximately 60 acres, one -third of which is owned by the Nantucket Island Land Bank, one -third by the town of Nantucket and one -third by unknown owners, all undivided and located within the entire parcel.
SECTION 2. In consideration for the release and transfer authorized in section 1 by the Nantucket Island Land Bank to the town of Nantucket, the Nantucket Island Land Bank shall own a separate portion of this parcel, totaling approximately 20 acres, as protected open space.
SECTION 3. In consideration for the release and transfer authorized in section 1 by the town of Nantucket to the Nantucket Island Land Bank, the town of Nantucket shall own a separate portion of this parcel, totaling approximately 40 acres, including the property interests it may purchase or take by eminent domain from the unknown owners in accordance with chapter 79 of the General Laws, for municipal purposes.
SECTION 4. This act shall take effect upon its passage.
Approved November 15, 2007.