Pub. L. 86-149, tit. VI, sec. 601

Sec. 601. The Secretary of the Army is authorized to convey by quitclaim deed to the city of Santa Cruz, California, all the right, title, and interest of the United States in and to four and five-tenths acres of land, more or less, comprising the United States Army Reserve Center Lighthouse Point site and being a part of the lands known as the United States Coast Guard Santa Cruz Light Station, situated on the northerly side of West Cliff Drive, approximately seven hundred feet south of Pelton Avenue, in the city and county of Santa Cruz, California, and in exchange for said conveyance to accept on behalf of the United States of America from the city of Santa Cruz a deed conveying fee simple title to not less than four acres of land situated within the city of Santa Cruz, California, to be utilized as the site for a United States Army Reserve Center: Provided, That the city of Santa Cruz pay to the United States a sum of money representing, in the opinion of the Secretary of the Army, the aggregate of (1) the amount by which the fair market value of the property so conveyed by the Secretary of the Army exceeds the fair market value of the land accepted in exchange therefor; (2) the amount heretofore expended by the Department of the Army in connection with the proposed construction of the United States Army Reserve Center at Lighthouse Point for work and materials which cannot be utilized in connection with the construction of the United States Army Reserve Center on the site to be acquired from the city; and (3) the amount by which the costs for providing adequate foundations, sewer and water facilities, and site preparation for the construction of a United States Army Reserve Center at the site to be acquired from the city exceeds the estimated costs for providing foundations, sewer and water facilities, and site preparation at the Lighthouse Point site.