CHAPTER 467
An Act authorizing the Department of Conservation and Recreation to convey certain property at Pedlar Hills in Montgomery County and to accept certain property in exchange.
Approved March 27, 1999
Be it enacted by the General Assembly of Virginia:
1. § 1. That in accordance with and as evidence of General Assembly approval pursuant to § 10.1-109 of the Code of Virginia, the Department of Conservation and Recreation is hereby authorized to convey to Daniel Lee Reed and Gana Wells Reed, their heirs, successors, and assigns, upon such terms as the Department deems proper, with the approval of the Governor and Attorney General, a certain parcel of real property of 1.86 acres, more or less, located in Pedlar Hills in Montgomery County, Virginia.
§ 2. In consideration for such, the Department is authorized to accept on behalf of the Commonwealth a conveyance from Daniel Lee Reed and Gana Wells Reed and others of a right-of-way of 2,500 feet in length and 15 feet in width, more or less, extending from Virginia Route 635 to Pedlar Hills.
§ 3. The properties exchanged shall be of approximately equal value; however, because this exchange is undertaken in the absence of current surveys of the exchanged parcels of real property, any difference in fair market value shall be balanced with a cash payment in the amount of that difference to the party receiving the lesser-valued property.
The deeds of conveyance shall be in the form approved by the Attorney General.