SECTION 2. The Wakefield Housing Authority shall obtain an independent professional appraisal of the parcels described in section 1. The appraisal methodology and the completed appraisal shall be subject to the review and approval of the department of housing and community development. The department shall review and may approve the appraisal, and the review shall include a review of the methodology utilized for the appraisal.
SECTION 3. The sale of a parcel shall be approved in writing by the Wakefield Housing Authority and the department of housing and community development. No expenditure of proceeds from the sale of a parcel authorized by this act shall occur without the prior written approval of the department.
SECTION 4. The grantee of the property shall be responsible for all costs and expenses of the transaction authorized by this act, as determined by the department of housing and community development including, without limitation, the cost of any survey, appraisal or other expenses relating to the conveyance of the property, and shall be responsible for all costs, liabilities and expenses of any nature and kind in connection with the grantee’s subsequent ownership of the property. The grantee shall take title to the property in its existing condition without any warranty by the Wakefield Housing Authority or the commonwealth.