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 Wellesley may convey a certain parcel of parkland to James and Pamela Broderick. Said parcel is shown as Lot 2 on a plan entitled “Plan of Land at 19 Clovelly Road, Wellesley, Mass. Showing Proposed Land Exchange with the Town of Wellesley,” prepared by Frank Iebba, Land Surveyor, dated January 16, 2006, a copy of which is on file in the office of the town clerk. Said conveyance shall not be made until the town has acquired good title to a parcel of land owned by James and Pamela Broderick, which is shown as Lot 1B on said plan.
SECTION 2. In consideration of the conveyance authorized in section 1, James and Pamela Broderick shall convey the parcel of land shown on said plan as Lot 1B to the town of Wellesley, for parkland purposes, to be held under the control of the Natural Resources Commission. The board of selectmen shall determine whether the fair market value of this parcel is equal to or greater than the fair market value of the property described in section 1, or its value in use as proposed, whichever is greater, as determined by independent appraisal. If there is a disparity in these values which is not in the town of Wellesley’s favor, James and Pamela Broderick shall pay a sum equal to the difference to the town of Wellesley for deposit into its open space fund or otherwise dedicated to open space preservation.
SECTION 3. This act shall take effect upon its passage.
Approved July 25, 2007.