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[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2859 Introduced in House (IH)]

104th CONGRESS
  2d Session
                                H. R. 2859

To authorize the Secretary of the Army to exchange a certain parcel of 
                real property at Fort Lewis, Washington.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 1996

   Mr. Tate introduced the following bill; which was referred to the 
                     Committee on National Security

_______________________________________________________________________

                                 A BILL

 
To authorize the Secretary of the Army to exchange a certain parcel of 
                real property at Fort Lewis, Washington.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. LAND EXCHANGE, FORT LEWIS, WASHINGTON.

    (a) Conveyance Authorized.--The Secretary of the Army may convey to 
Weyerhaeuser Real Estate Company, Tacoma, Washington (in this section 
referred to as ``WRECO''), all right, title, and interest of the United 
States in and to a parcel of real property at Fort Lewis, Washington, 
known as an unimproved portion of Tract 1000 (formerly being in the 
DuPont Steilacoom Road, consisting of approximately 1.23 acres), and 
Tract 26E (consisting of 0.03 acre).
    (b) Consideration.--As consideration for the conveyance authorized 
by subsection (a), WRECO shall convey or cause to be conveyed to the 
United States, by warranty deed acceptable to the Secretary, a 0.39 
acre parcel of real property located adjacent to Fort Lewis, 
Washington, together with other consideration acceptable to the 
Secretary. The total consideration conveyed to the United States shall 
not be less than the fair market value of the land conveyed under 
subsection (a).
    (c) Determination of Fair Market Value.--The determinations of the 
Secretary regarding the fair market values of the parcels of real 
property and improvements to be conveyed pursuant to subsections (a) 
and (b) shall be final.
    (d) Description of Property.--The exact acreage and legal 
description of the parcels of real property to be conveyed pursuant to 
subsections (a) and (b) shall be determined by a survey satisfactory to 
the Secretary. The cost of the survey shall be borne by WRECO.
    (e) Effect on Existing Reversionary Interest.--The Secretary may 
enter into an agreement with the appropriate officials of Pierce 
County, Washington, under which--
            (1) the existing reversionary interest of Pierce County in 
        the lands to be conveyed by the United States under subsection 
        (a) is extinguished; and
            (2) the conveyance to the United States under subsection 
        (b) is made subject to a similar reversionary interest in favor 
        of Pierce County in the lands conveyed under such subsection.
    (f) Additional Terms and Conditions.--The Secretary may 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.
                                 <all>
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