Bill > H3402

This bill authorizes the Commissioner of Capital Asset Management and Maintenance to convey a specific 3,500-square-foot parcel of land located at 23 Oakland Circle in Wellesley, currently owned by Massachusetts Bay Community College, to Kimberlee A. Dow. The land transfer requires an independent professional appraisal to determine its fair market value, which must be reviewed and approved by the Inspector General. The proceeds from the sale will be deposited into a newly established expendable trust account called the Massachusetts Bay Community College Oakland Circle Scholarship trust, which will be administered by the college's president and used exclusively for student scholarships. Kimberlee A. Dow will be responsible for all transaction-related costs, including surveys, appraisals, and deed preparation. The bill is classified as an emergency law to ensure the immediate transfer of the land, and it overrides existing laws that might otherwise prevent such a conveyance. The land transfer is subject to additional terms and conditions as determined by the Commissioner of Capital Asset Management and Maintenance, and the boundaries of the parcel will be finalized by the commissioner.

Budget and Finance, Government Affairs

https://malegislature.gov/Bills/194/H3402