This bill authorizes the Massachusetts Department of Transportation to convey a specific parcel of land in Stoneham to Wakefield Investments, Inc. The land, which was taken for highway purposes in 1958, is intended for the reconstruction of an off-ramp from Interstate 93 to Montvale Avenue and Maple Street. The parcel, described as a portion of Parcel 2-31 and measuring approximately 12,500 square feet, is landlocked and adjacent to the property at 100 Maple Street. The conveyance will occur notwithstanding existing laws, and the consideration for the transfer will be based on the full and fair market value determined by an independent appraisal.

Additionally, Wakefield Investments, Inc. will bear all costs associated with the conveyance, including engineering, surveys, and deed preparation. The bill mandates that an independent appraisal of the land's value be conducted by a qualified appraiser, with the results submitted to the inspector general for review. The inspector general will evaluate the appraisal methodology and report findings to the secretary of transportation, who must then share the report with relevant legislative committees prior to finalizing the conveyance. This act is deemed an emergency law to ensure the prompt execution of the land transfer.