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 Norwood, acting by and through its board of selectmen, may convey a certain parcel of park land to the Karsten Company, Inc., to be used for residential housing purposes on such terms and conditions as the board of selectmen consider to be in the best interests of the town. The parcel is shown on assessors’ map 9, sheet 7-A, Lot 33.
SECTION 1A. As a condition of the conveyance authorized in section 1, the town of Norwood shall transfer a parcel of land under the care, custody, management and control of the board of selectmen and dedicated for general municipal purposes to the conservation commission and such parcel shall be dedicated for conservation purposes. If no suitable parcel can be transferred to the conservation commission, the town shall grant a conservation restriction to the conservation commission on a parcel of land under the care, custody, management and control of the board of selectmen for general municipal purposes. Any parcel dedicated pursuant to this section, shall be of equal or greater size and value to the portion of the parcel described in section 1.
SECTION 1B. If the land conveyed pursuant to section 1 ceases to be used for the purposes described in said section 1, the land shall revert back to the town of Norwood for public park purposes.
SECTION 2. This act shall take effect upon its passage.
Approved July 25, 2007.