LAND CONVEYANCE. PUBLIC WORKS CENTER, GREAT LAKES, ILLINOIS

SEC. 2815. LAND CONVEYANCE. PUBLIC WORKS CENTER, GREAT LAKES, ILLINOIS (a) In General.—Subject to subsections (b) through (f), the Secretary of the Navy may— (1) sell and convey all right, title, and interest of the United States in and to a parcel of real property, including improvements thereon, consisting of approximately 14 acres of land, comprising that portion of the Public Works Center, Great Lakes, located south of the intersection of Desplainer Avenue and West Roosevelt Road, Forest Park, Illinois; and (2) use the proceeds from the sale of such property to construct not more than 35 units of military family housing at the Naval Air Station, Glenview, Illinois. (b) Competitive Procedures; Minimum Sale Price.—(1) The Secretary shall use competitive procedures for the sale of the property described in subsection (a)(1). (2) In no event may the property be sold for less than the greater of (A) the fair market value of the property, as determined by the Secretary, or (B) the amount necessary to cover the costs of constructing replacement housing and relocating the tenants from such property. (c) Condition of Sale.—The conveyance authorized by subsection (a) shall be subject to the condition that the purchaser permit the Department of the Navy to continue to occupy, without consideration, the property to be conveyed until the replacement housing has been constructed or acquired by the Secretary, except that in no event may the Department continue to occupy the property pursuant to this subsection more than two years after the date of the conveyance. (d) Use of Funds.—(1) The Secretary may use the proceeds from the sale of the property described in subsection (a) for payment of the following costs: (A) The cost of design and construction of not more than 35 units of military family housing to be constructed at the Naval Air Station, Glenview, Illinois. (B) The cost of relocating the tenants occupying the housing facilities located on the property described in subsection (a)(1) to new housing facilities. (C) The cost of appraisals and other costs related to the sale of the property. (2) The Secretary may not enter into any contract for construction under this section until after the 21-day period beginning on the 103 STAT. 1655date on which the Secretary transmits to the Committees on Armed Services and the Committees on Appropriations of the Senate and of the House of Representatives a detailed report on the proposed contract. (3) The Secretary shall deposit into the Treasury as miscellaneous receipts any amount received under this section and not obligated under this section by the end of the four-year period beginning on the date of receipt thereof. (e) Description of Property.—The exact acreage and legal description of any property to be conveyed under this section shall be determined by a survey satisfactory to the Secretary. The cost of such survey shall be borne by the purchaser. (f) Additional Terms and Conditions.—The Secretary may require such additional terms and conditions in connection with the conveyance under this section as the Secretary determines appropriate to protect the interests of the United States.