LAND CONVEYANCE, NAVAL AIR STATION OCEANA, VIRGINIA.

SEC. 2812. LAND CONVEYANCE, NAVAL AIR STATION OCEANA, VIRGINIA. (a) Conveyance Authorized.—The Secretary of the Navy may convey to the City of Virginia Beach, Virginia (in this section referred to as the “City”), all right, title, and interest of the United States in and to a parcel of real property included on the real property inventory of Naval Air Station Oceana in Virginia Beach, Virginia, and consisting of approximately 3.5 acres. As part of the conveyance of such parcel, the Secretary shall grant the City an easement on such additional acreage as may be necessary to provide adequate ingress and egress to the parcel. (b) Consideration.—As consideration for the conveyance and easement under subsection (a), the City shall pay to the United 107 STAT. 1889States an amount equal to the fair market value of the property to be conveyed and the fair market value of the easement to be granted. The Secretary shall determine the fair market value of the property and easement, and such determination shall be final. (c) Condition of Conveyance.—The conveyance authorized by subsection (a) shall be subject to the condition that the City may use the property conveyed only for the following purposes: (1) The maintenance, repair, storage, and berthing of erosion control and beach replenishment equipment and materiel, including a dredge. (2) The berthing of police boats. (3) The provision or operational and administrative personnel space related to the purposes specified in paragraphs (1) and (2). (d) Reversion.—All right, title, and interest of the City in and to the property conveyed under subsection (a) (including any improvements thereon) and the easement granted under such subsection shall revert to the United States, and the United States shall have the right of immediate reentry on the property, if the Secretary determines— (1) at any time, that the property conveyed under subsection (a) is not being used for the purposes specified in subsection (c); or (2) at the end of the 10-year period beginning on the date of the conveyance, that no significant improvements associated with the purposes specified in subsection (c) have been constructed on the property. (e) Description of Property.—The exact acreage and legal description of the property to be conveyed under subsection (a) and the easement to be granted under such subsection shall be determined by a survey satisfactory to the Secretary. The cost of such survey shall be borne by the City. (f) Additional Terms and Conditions.—The Secretary may require such additional terms and conditions in connection with the conveyance and easement under subsection (a) as the Secretary considers appropriate to protect the interests of the United States.