Page:United States Statutes at Large Volume 106 Part 3.djvu/465

 PUBLIC LAW 102-453—OCT. 23, 1992 106 STAT. 2259 subsection (b) is not equal to the value of all of the Federal exchange lands, the following provisions shall apply: (1) WAIVER BY THE CITY.— In the event the value of the City lands conveyed under subsection (b) is greater than the value of all of the Federal exchange lands, any cash eaualization which might otherwise be owed to the City by the United States shall be waived. (2) IDENTIFICATION OF EQUALIZATION LANDS AND MONEY BY THE CITY.— (A) IN GENERAL. —In the event the value of the City lands conveyed and money accepted under subsection (b) is less tiian the value of all of the Federal exchange lands, the City shall, within five years after the date of initial consummation of the exchange under subsection (b), submit to the Secretary a list of lands, an amount of money, or a combination thereof which has in the aggregate a value equal to the difference in value between the City lands exchanged under subsection (b) and the value of all of the Federal exchange lands. (B) FOREST LANDS.— Any lands included on the Ust pursuant to subparagraph (A) shall consist only of a tract or tracts of land within or adjacent to national forests in the State of Washington which have been— (i) mutually identified by the Secretary and the City in advance of their inclusion on the list as acceptable to the Secretary for transfer to the United States; (ii) appraised in accordance with this section within 90 days after their identification under clause (i); and (iii) acquired by the City from a willing seller or sellers. (3) COMPLETION OF EXCHANGE.— Not later than the end of the five-year period specified in paragraph (2)(A), the Secretary shall convey to the City the remaining Federal exchange lands in exchange for the conveyance by the City to the Secretary of lands and money acceptable to the Secretary for transfer to the United States pursuant to paragraph (2). (d) APPRAISALS. — (1) FINDING.— The Congress finds that use restrictions on the Cedar River Watershed imposed by Public Law 97-350 (96 Stat. 1661) coupled with the uncertainties surrounding the status of the lands as habitat for the northern spotted owl currently make appraisal of such lands difficult or unfeasible absent specific guidance from Congress. (2) APPRAISAL ASSUMPTIONS.—(A) Except as otherwise provided by this subsection, lands to be exchanged pursuant to this section shall be appraised by an appraiser mutually acceptable to the City ana the United States in accordance with the Uniform Appraisal Standards for Federal Land Acquisitions and section 206(d) of the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1716(d)). (B) Federal exchange lands shall be appraised for the purposes of this section in a maimer that reflects the deed restrictions imposed on the lands by subsection (e) and other applicable laws, rules, and regulations. Both Federal exchange lands and City lands located within Critical Habitat Units for the northern spotted owl (as identified by the United States

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