CONVEYANCE OF CERTAIN PROPERTY IN GIG HARBOR, WASHINGTON.

SEC. 608. CONVEYANCE OF CERTAIN PROPERTY IN GIG HARBOR, WASHINGTON. (a) Definitions.—In this section, the following definitions apply: (1) City.—The term “City” means the city of Gig Harbor, Washington. (2) Property.—The term “Property” means the parcel of real property, together with any improvements thereon, consisting of approximately 0.86 acres of fast lands commonly identified as tract 65 of lot 1 of section 8, township 21 north, range 2 east, Willamette Meridian, on the north side of the entrance of Gig Harbor, narrows of Puget Sound, Washington. (3) Secretary.—The term “Secretary” means the Secretary of the Interior. (b) Conveyance.— (1) Authority to convey.—Not later than 30 days after the date on which the Secretary of the department in which the Coast Guard is operating relinquishes the reservation of the Property for lighthouse purposes, at the request of the City and subject to the requirements of this section, the Secretary shall convey to the City all right, title, and interest of the United States in and to the Property, notwithstanding the land use planning requirements of sections 202 and 203 of the Federal Land Policy and Management Act of 1976 (43 U.S.C. 1712, 1713). (2) Terms of conveyance.—A conveyance made under paragraph (1) shall be made— (A) subject to valid existing rights; (B) at the fair market value as described in subsection (c); and (C) subject to any other condition that the Secretary may consider appropriate to protect the interests of the United States. (3) Costs.—The City shall pay any transaction or administrative costs associated with a conveyance under paragraph (1), including the costs of the appraisal, title searches, maps, and boundary and cadastral surveys. (4) Conveyance is not a major federal action.—A conveyance under paragraph (1) shall not be considered a major Federal action for purposes of section 102(2) of the National Environmental Policy Act of 1969 (42 U.S.C. 4332(2)). (c) Fair Market Value.— (1) Determination.—The fair market value of the Property shall be— (A) determined by an appraisal conducted by an independent appraiser selected by the Secretary; and (B) approved by the Secretary in accordance with paragraph (3). (2) Requirements.—An appraisal conducted under paragraph (1) shall— (A) be conducted in accordance with nationally recognized appraisal standards, including— (i) the Uniform Appraisal Standards for Federal Land Acquisitions; and (ii) the Uniform Standards of Professional Appraisal Practice; and (B) shall reflect the equitable considerations described in paragraph (3). (3) Equitable considerations.—In approving the fair market value of the Property under this subsection, the Secretary shall take into consideration matters of equity and fairness, including the City’s past and current lease of the Property, any maintenance or improvements by the City to the Property, and such other factors as the Secretary considers appropriate. (d) Revocation; Reversion.—Effective on and after the date on which a conveyance of the Property is made under subsection (b)(1)— (1) Executive Order 3528, dated August 9, 1921, is revoked; and (2) the use of the tide and shore lands belonging to the State of Washington and adjoining and bordering the Property, that were granted to the Government of the United States pursuant to the Act of the Legislature, State of Washington, approved March 13, 1909, the same being chapter 110 of the Session Laws of 1909, shall revert to the State of Washington.