LAND CONVEYANCE, ARMY RESERVE PROPERTY, FORT SHERIDAN, ILLINOIS.

SEC. 2862. LAND CONVEYANCE, ARMY RESERVE PROPERTY, FORT SHERIDAN, ILLINOIS. (a) Conveyance Authorized.— Subject to subsection (b), the Secretary of the Army may convey to any transferee selected under subsection (g) all right, title, and interest of the United States in and to a parcel of real property (including improvements thereon) at Fort Sheridan, Illinois, consisting of approximately 114 acres and comprising an Army Reserve area. (b) Requirement for Federal Screening of Property.— The Secretary may not carry out the conveyance of property authorized by subsection (a) unless the Secretary determines that no department or agency of the Federal Government will accept the transfer of the property. 110 STAT. 574 (c) Consideration.— (1) As consideration for the conveyance under subsection (a), the transferee selected under subsection (g) shall— (A) convey to the United States a parcel of real property that meets the requirements of subsection (d); (B) design for and construct on the property conveyed under subparagraph (A) such facilities (including support facilities and infrastructure) to replace the facilities conveyed pursuant to the authority in subsection (a) as the Secretary considers appropriate; and (C) pay the cost of relocating Army personnel in the facilities located on the real property conveyed pursuant to the authority in subsection (a) to the facilities constructed under subparagraph (B). (2) The Secretary shall ensure that the fair market value of the consideration provided by the transferee under paragraph (1) is not less than the fair market value of the real property conveyed by the Secretary under subsection (a). (d) Requirements Relating to Property To Be Conveyed to United States.— The real property conveyed to the United States under subsection (c)(1)(A) by the transferee selected under subsection (g) shall— (1) be located not more than 25 miles from Fort Sheridan; (2) be located in a neighborhood or area having social and economic conditions similar to the social and economic conditions of the area in which Fort Sheridan is located; and (3) be acceptable to the Secretary. (e) Interim Relocation of Army Personnel.— Pending completion of the construction of all the facilities proposed to be constructed under subsection (c)(1)(B) by the transferee selected under subsection (g), the Secretary may relocate Army personnel in the facilities located on the property to be conveyed pursuant to the authority in subsection (a) to the facilities that have been constructed by the transferee under such subsection (c)(1)(B). (f) Determination of Fair Market Value.— The Secretary shall determine the fair market value of the real property to be conveyed under subsection (a) and of the consideration to be provided under subsection (c)(1). Such determination shall be final. (g) Selection of Transferee.— (1) The Secretary shall use competitive procedures for the selection of a transferee under subsection (a). (2) In evaluating the offers of prospective transferees, the Secretary shall— (A) consider such criteria as the Secretary considers to be appropriate to determine whether prospective transferees will be able to satisfy the consideration requirements specified in subsection (c)(1); and (B) consult with the communities and jurisdictions in the vicinity of Fort Sheridan (including the City of Lake Forest, the City of Highwood, and the City of Highland Park and the County of Lake, Illinois) in order to determine the most appropriate use of the property to be conveyed. (h) Descriptions of Property.— The exact acreage and legal descriptions of the real property to be conveyed by the Secretary under subsection (a) and the real property to be conveyed under subsection (c)(1)(A) shall be determined by a survey satisfactory 110 STAT. 575to the Secretary. The cost of the survey shall be borne by the transferee selected under subsection (g). (i) Additional Terms and Conditions.— The Secretary mav require such additional terms and conditions in connection with the conveyances under this section as the Secretary considers appropriate to protect the interests of the United States.