Sec. 501. Conveyance of Coast Guard property in Marin County, California
284 words·~1 min read·
/bill/114/hr/1987/eh/section-501A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Commandant of the Coast Guard may convey all right, title, and interest of the United States in and to the covered property, upon payment to the United States of the fair market value of the covered property. The County of Marin, California shall have the right of first refusal with respect to purchase of the covered property under this section. The exact acreage and legal description of the covered property shall be determined by a survey satisfactory to the Commandant. The fair market value of the covered property shall— be determined by appraisal; and be subject to the approval of the Commandant.
The responsibility for all reasonable and necessary costs, including real estate transaction and environmental documentation costs, associated with a conveyance under this section shall be determined by the Commandant and the purchaser. The Commandant may require such additional terms and conditions in connection with a conveyance under this section as the Commandant considers appropriate and reasonable to protect the interests of the United States. Any proceeds received by the United States in a conveyance under this section shall be deposited in the Coast Guard Housing Fund established by section 687 of title 14, United States Code.
In this section, the term covered property means the approximately 32 acres of real property (including all improvements located on the property) that are— located at Station Point Reyes in Marin County, California; under the administrative control of the Coast Guard; and described as Parcel A, Tract 1 , Parcel B, Tract 2 , Parcel C , and Parcel D in the Declaration of Taking (Civil No. C–71–1245 SC) filed June 28, 1971, in the United States District Court for the Northern District of California.