A bill transferring certain Federal property to the City of Hoboken, New Jersey.
PL 97-268 (H.R.3620), enacted 09/27/1982

96 STAT. 1140 
PUBLIC LAW 97-268—SEPT. 27, 1982 
Sept. 27, 1982 
[H.R. 3620] 
City of Hoboken, 
N.J.; transfer of 
certain Federal 
property. 
45 Stat. 1652. 
Fair market 
value 
determination. 
Public Law 97-268 
97th Congress 
An Act 
Transferring certain Federal properly to the city of Hoboken, New Jersey. 
Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That the General 
Services Administration shall, for and on behalf of the United 
States, transfer for the fair market value as determined by the 
General Services Administration under the guidelines set forth in 
this Act, at a price to be negotiated, as is and without warranty of 
any kind, to the city of Hoboken, New Jersey, the right, title, and 
interest of the United States in the real property described in 
schedule A appended to a proclamation of the President of the 
United States, dated December 3, 1918, except that the following 
property may not be transferred under this section— 
(a) the property transferred to the Department of the Treas-
ury by the Second Deficiency Act, fiscal year 1929, 
(b) the property excluded by the second paragraph of section 1 
of the Act of April 19,1930 (46 Stat. 220), and 
(c) the property beginning at a point in the easterly line of 
River Street, distant 10 feet southerly from the intersection 
formed by the northerly line of Second Street extended with the 
easterly line of River Street, running thence; north 13 degrees 
04 minutes east and along the easterly line of River Street a 
distance of 250.20 feet to a point, thence south 76 degrees 56 
minutes east a distance of 108 feet to a point, thence south 13 
degrees 04 minutes west and parsdlel to River Street a distance 
of 154.62 feet to a point of curvature, thence on a curve to the 
right having a radius of 256 feet and an arc distance of 97.95 
feet to a point, thence north 76 degrees 56 minutes west and 
parallel to the second course a distance of 89.49 feet to a point in 
the easterly line of River Street, said point being the point or 
place of beginning. Said parcel lying in city block 231 and being 
a part of lot 3 as shown on the official assessment map of the 
city of Hoboken, Hudson County, New Jersey; concurrent with a 
transfer of title to said real property, the city of Hoboken, New 
Jersey shall agree to assume sole responsibility with respect to 
said property and to indemnify and hold harmless the United 
States against any obligation, past, present, or future, with 
respect to said property. 
SEC. 2. In making its determination of fair market value, the 
General Services Administration shall recognize that the fair 
market value of the property is determined by the market in which 
it shall be sold, with the city of Hoboken being the only potential 
purchaser. The Greneral Services Administration shall make every 
effort to expedite the sale and transfer of the property to the city of 
Hoboken, recognizing the hardship which would result in any undue 
delay in lengthy negotiations. The General Services Administration 
shall give full consideration to the right of the Federal Government 
to be compensated for the property while considering the city of 
PUBLIC LAW 97-268—SEPT. 27, 1982 
96 STAT. 1141 
Hoboken's ability to pay for the property. Furthermore, the General 
Services Administration shall give consideration and recognition to 
whatever funds and costs the Federal Government has invested in 
the property. The General Services Administration shall also give 
consideration to the fact that the city of Hoboken has been deprived 
of tax revenue from the property since its acquisition by the United 
States, in 1917, but has been required, despite its loss of tax revenue, 
to provide municipal services to the property. 
SEC. 3. The Act of April 19,1930 (46 Stat. 219), and the Act of June Repeals. 
21,1938 (52 Stat. 833), are repealed. 
Approved September 27, 1982. 
LEGISLATIVE HISTORY—H.R. 3620: 
HOUSE REPORT No. 97-421 (Comm. on Merchant Marine and Fisheries). 
SENATE REPORT No. 97-521 (Comm. on Governmental Affairs). 
CONGRESSIONAL RECORD, Vol. 128 (1982): 
Mar. 16, 18, considered and passed House. 
Aug. 19, considered and passed Senate, amended. 
Sept. 14, House concurred in Senate amendments.