Sec. 1. Director of Bureau of Parks and Lands authorized to negotiate and consummate sale. Resolved: That the Director of the Bureau of Parks and Lands within the Department of Conservation may negotiate and consummate the sale of certain public reserved lands to the Town of Carrabassett Valley. The State may not convey any land or interest in land that comprises a public road or a great pond. All money received from the sale of these public reserved lands must be used exclusively for the purchase of additional real estate in the same county as the transferred land for the same purposes; and be it further

Sec. 2. Land to be conveyed. Resolved: That the land to be conveyed consists of 1,243 acres, more or less, of public reserved land, being the same land as was reserved by the State for public purposes in a deed to William Bingham dated January 28, 1793, and recorded at the State Archives in Volume 6, pages 37 to 41 (Massachusetts deed), excepting and reserving from this property a parcel of approximately 37 acres, that being the same parcel that the State conveyed to the Carrabassett Valley Campowners Association or individual members of that association under the authority of Resolve 1985, chapter 40; and be it further

Sec. 3. Consideration. Resolved: That consideration for the sale must be the fair market value of the land as determined by an independent appraisal commissioned by the Director of the Bureau of Parks and Lands; and be it further

Sec. 4. Deed and restrictions. Resolved: That the property must be conveyed by quit claim deed without covenants, subject to the following deed restrictions: The Town of Carrabassett Valley shall in perpetuity retain title to the property and may not sell or otherwise transfer any interest, in whole or in part, in the property. The property must remain open and available for use and enjoyment by the public at large. Use of the property must be dedicated for purposes of public outdoor recreation, including without limitation: natural history study; hiking; camping, other than in motor vehicles; cross-country skiing; fishing; fisheries and wildlife management; skating; and attendant roads and parking. The property must be maintained in an essentially natural and undeveloped condition, except that up to 15 contiguous acres in the aggregate, including any development in existence on the effective date of this resolve, may be developed for any public outdoor recreation facility used for the purposes