SENATE, No. 48

SECTION 1. The commissioner of capital asset management and maintenance, on behalf of and in consultation with the commissioner of the department of highways, shall convey, notwithstanding sections 40E to 40J, inclusive, of chapter 7 of the General Laws, by deed approved as to form by the attorney general, title to a certain parcel of land located in the town of Milford used for highway purposes to Quarry Stone, LLC, hereinafter in this act called the developer, subject to such additional terms and conditions as the commissioner of the division of capital asset management may prescribe. The parcel consists of 4,210 square feet more or less and is shown on a plan of land entitled “Resource Areas Plan of Land in Milford, MA” dated April 1, 2005 and recorded as Plan 84 in Plan Book 647 in the Worcester District Registry of Deeds.

SECTION 2. The conveyance of the parcel described in section 1 shall be for the full and fair  market value of the land based upon one or more independent professional appraisals commissioned by the commissioner of the division of capital asset management and maintenance. Said commissioner shall, prior to the conveyance authorized by this act, submit the appraisal or appraisals and a report thereon to the inspector general. The inspector general shall review and approve the appraisal or appraisals, and the review and approval shall include an examination of the methodology utilized for the appraisal or appraisals. The inspector general shall prepare a report of his review and approval of the appraisal or appraisals and file the report with said commissioner for submission to the house and senate committees on ways and means and the chairmen of the joint committee on bonding, capital expenditures and state assets. All money paid to the commonwealth for the conveyance authorized by said section 1 shall be deposited in the General Fund of the commonwealth. 

SECTION 3. The developer shall be responsible for all costs associated with the conveyance authorized by this act, including but not limited to any appraisal, survey, recording or legal costs,

and any and all other expenses incurred by the commonwealth in connection with said conveyance as deemed necessary by the commissioner of capital asset management and maintenance and the commissioner of highways. All plans, instruments and other documents shall be prepared in accordance with department of highways standards.

SECTION 4. The developer shall provide a copy of the plan described in section 1 of this act to the commissioner, who shall keep said plan on file. A copy of said plan shall be also kept on

file with the chief engineer of the department of highways.