Page:United States Statutes at Large Volume 118.djvu/3289

 118 STAT. 3259 PUBLIC LAW 108–447—DEC. 8, 2004 Postal Service shall convey, for the consideration specified in sub section (b), the land described in subsection (d), including any improvements thereon, to the General Services Administration. (b) PURCHASE PRICE.—Upon the conveyance described in sub section (a), the Administrator of General Services shall pay the United States Postal Service a purchase price equaling the fair market value not to exceed $975,000, which price may be paid by cash or credited to the existing USPS/GSA property swap pro gram. (c) RECONVEYANCE.—Not later than 10 days after the convey ance described in subsection (a), the Administrator of General Serv ices shall convey, without consideration by quitclaim deed and without recourse, the land described in subsection (d), including any improvements thereon, to the Recreation and Park Commission for the Parish of East Baton Rouge, Louisiana, for use as a down town park or for other public purposes. (d) DESCRIPTION OF PROPERTY.—The land referred to in sub sections (a) and (c) is the property formerly used as the Main Postal Office Carrier Annex in Baton Rouge, Louisiana and located at 750 Florida Street. This land is situated north of Convention Street, south of Florida Street and west of 7th Street. This land comprises approximately 27,500 square feet and is improved by a one story building. SEC. 412. Notwithstanding any other provision of law, the Administrator of General Services may convey, by sale, lease, exchange or otherwise, including through leaseback arrangements, real and related personal property, or interests therein, and retain the net proceeds of such dispositions in an account within the Federal Buildings Fund to be used for the General Services Administration’s real property capital needs: Provided, That all net proceeds realized under this section shall only be expended as authorized in annual appropriations Acts: Provided further, That for the purposes of this section, the term ‘‘net proceeds’’ means the rental and other sums received less the costs of the disposition, and the term ‘‘real property capital needs’’ means any expenses necessary and incident to the agency’s real property capital acquisi tions, improvements, and dispositions. SEC. 413. LAND CONVEYANCE, NAHANT, MASSACHUSETTS. (a) CONVEYANCE AUTHORIZED.—Notwithstanding any other provision of law, the Administrator of General Services may sell all right, title, and interest of the United States in and to a parcel of real property, including improvements thereon, that is located at Castle Road, Gardner Road and Goddard Drive in Nahant, Massachusetts to the Town of Nahant. In the event a binding sales contract is not executed within 30 days of enactment the Administrator shall commence with a public, competitive sale of the property. (b) CONSIDERATION.—As consideration for conveyance under subsection (a), the Town of Nahant shall pay, in a single lump sum payment, $2,000,000. (c) DEPOSIT OF FUNDS.—Notwithstanding any other provision of law, the Administrator may deposit the net proceeds in the Real Property Relocation account of the General Services Adminis tration. In the event proceeds exceed $2,000,000, the net amount in excess of $2,000,000 shall be deposited in the United States Coast Guard Housing Fund established under 14 U.S.C. 687. (d) DESCRIPTION OF PROPERTY.—The exact acreage and legal description of the real property to be conveyed under subsection Deadline.

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