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H.R. 3620 (97th): A bill transferring certain Federal property to the City of Hoboken, New Jersey.

The text of the bill below is as of Sep 27, 1982 (Passed Congress).

96 STAT. 1140                     PUBLIC LAW 97-268—SEPT. 27, 1982

                    Public Law 97-268
                    97th Congress
                                                       An Act
 Sept. 27, 1982          Transferring certain Federal properly to the city of Hoboken, New Jersey.
  [H.R. 3620]
                       Be it enacted by the Senate and House of Representatives of the
City of Hoboken,    United States of America in Congress assembled, That the General
N.J.; transfer of   Services Administration shall, for and on behalf of the United
certain Federal
property.           States, transfer for the fair market value as determined by the
                    General Services Administration under the guidelines set forth in
                    this Act, at a price to be negotiated, as is and without warranty of
                    any kind, to the city of Hoboken, New Jersey, the right, title, and
                    interest of the United States in the real property described in
                    schedule A appended to a proclamation of the President of the
                    United States, dated December 3, 1918, except that the following
                    property may not be transferred under this section—
                            (a) the property transferred to the Department of the Treas-
45 Stat. 1652.           ury by the Second Deficiency Act, fiscal year 1929,
                           (b) the property excluded by the second paragraph of section 1
                         of the Act of April 19,1930 (46 Stat. 220), and
                           (c) the property beginning at a point in the easterly line of
                         River Street, distant 10 feet southerly from the intersection
                         formed by the northerly line of Second Street extended with the
                         easterly line of River Street, running thence; north 13 degrees
                         04 minutes east and along the easterly line of River Street a
                         distance of 250.20 feet to a point, thence south 76 degrees 56
                         minutes east a distance of 108 feet to a point, thence south 13
                         degrees 04 minutes west and parsdlel to River Street a distance
                         of 154.62 feet to a point of curvature, thence on a curve to the
                         right having a radius of 256 feet and an arc distance of 97.95
                         feet to a point, thence north 76 degrees 56 minutes west and
                         parallel to the second course a distance of 89.49 feet to a point in
                         the easterly line of River Street, said point being the point or
                         place of beginning. Said parcel lying in city block 231 and being
                         a part of lot 3 as shown on the official assessment map of the
                         city of Hoboken, Hudson County, New Jersey; concurrent with a
                         transfer of title to said real property, the city of Hoboken, New
                         Jersey shall agree to assume sole responsibility with respect to
                         said property and to indemnify and hold harmless the United
                         States against any obligation, past, present, or future, with
                         respect to said property.
Fair market            SEC. 2. In making its determination of fair market value, the
value               General Services Administration shall recognize that the fair
                    market value of the property is determined by the market in which
                    it shall be sold, with the city of Hoboken being the only potential
                    purchaser. The Greneral Services Administration shall make every
                    effort to expedite the sale and transfer of the property to the city of
                    Hoboken, recognizing the hardship which would result in any undue
                    delay in lengthy negotiations. The General Services Administration
                    shall give full consideration to the right of the Federal Government
                    to be compensated for the property while considering the city of

PUBLIC LAW 97-268—SEPT. 27, 1982 96 STAT. 1141 Hoboken's ability to pay for the property. Furthermore, the General Services Administration shall give consideration and recognition to whatever funds and costs the Federal Government has invested in the property. The General Services Administration shall also give consideration to the fact that the city of Hoboken has been deprived of tax revenue from the property since its acquisition by the United States, in 1917, but has been required, despite its loss of tax revenue, to provide municipal services to the property. SEC. 3. The Act of April 19,1930 (46 Stat. 219), and the Act of June Repeals. 21,1938 (52 Stat. 833), are repealed. Approved September 27, 1982. LEGISLATIVE HISTORY—H.R. 3620: HOUSE REPORT No. 97-421 (Comm. on Merchant Marine and Fisheries). SENATE REPORT No. 97-521 (Comm. on Governmental Affairs). CONGRESSIONAL RECORD, Vol. 128 (1982): Mar. 16, 18, considered and passed House. Aug. 19, considered and passed Senate, amended. Sept. 14, House concurred in Senate amendments.