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1999 SESSION
991705701Be 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 [
Natural Area Preserve ] 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 fifteen feet in width,
more or less, extending from Virginia Route 635 to Pedlar Hills [ Natural Area
Preserve ] .
§ 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.