Page:United States Statutes at Large Volume 100 Part 5.djvu/577

 PUBLIC LAW 99-661—NOV. 14, 1986

100 STAT. 4051

SEC. 2739. LAND EXCHANGE. ORLANDO, FLORIDA

(a) IN GENERAL.—Subject to subsections (b) through (e), the Secretary of the Army may convey to the City of Orlando, Florida, all right, title, and interest of the United States in and to a tract of real property located in Orlando, Florida, consisting of approximately 36 acres, together with improvements thereon, comprising the United States Army Reserve training facility located at the former McCoy Air Force Base, Orlando, Florida. (b) CONSIDERATION.—In consideration for the conveyance by the Secretary under subsection (a), the City shall— (1) convey to the United States a tract of real property consisting of approximately 36 acres located at Orlando Jetport, Orlando, Florida; and (2) design, and construct on such real property, suitable replacement facilities, in accordance with the requirements of the Secretary, for the training activities of the United States Army Reserve. (c) PAYMENT BY THE CITY.—If the fair market value (as determined by the Secretary) of the real property and improvements conveyed by the United States to the City under subsection (a) exceeds the sum of the fair market value (as determined by the Secretary) of the property conveyed by the City to the United States and the fair market value of the facilities constructed by the City on the real property conveyed to the United States under subsection (b), the City shall pay to the United States an amount equal to the difference. (d) LEGAL DESCRIPTION OF THE REAL PROPERTY.—The exact acreages and legal description of properties to be conveyed under subsections (a) and (b) shall be determined by surveys that are satisfactory to the Secretary. The cost of such surveys shall be borne by the City. (e) ADDITIONAL TERMS AND CONDITIONS.—The Secretary

may

require such additional terms and conditions under this section as the Secretary considers appropriate and to protect the interests of the United States. SEC. 2740. SALE OF LAND AND REPLACEMENT OF CERTAIN WAREHOUSING FACILITIES, KAPALAMA MILITARY RESERVATION, HAWAII

(a) IN GENERAL.—Subject to subsections (b) through (g), the Secretary of the Army may convey approximately 14.41 acres of real property, together with improvements thereon, at Kapalama Military Reservation, Hawaii, and may replace and relocate warehousing facilities located on such property. (b) CONSIDERATION.—In consideration for the real property and improvements described in subsection (a), the purchasers of such property and improvements shall pay the United States— (1) in a manner determined by the Secretary, for the cost of the design and construction of suitable replacement warehousing facilities to be constructed at Schofield Barracks, Hawaii; (2) for any cost incurred by the Department of the Army under this section with respect to the relocation of warehousing facilities; and (3) the amount of any difference referred to in subsection (d). (c) SALE AND REPLACEMENT ACTIVITIES.—The Secretary may use

any amount received from the purchaser under paragraphs (1) and (2) of subsection (b) for the purpose of carrying out this section.

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