1.1 	A bill for an act
1.2 	relating to the city of Montgomery; authorizing the city to convey property for 
1.3 	less than market value.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. TRANSFER OF PROPERTY.
 1.6 	(a) Notwithstanding any law to the contrary, the city of Montgomery may convey, by 
1.7 	quitclaim deed, to the Montgomery American Legion Post No. 79 the property described 
1.8 	as "Block 7, Lots 14, 15, and 16, city of Montgomery, Le Sueur County, Minnesota." The 
1.9 	city may convey the property for less than market value. Any conveyance of property 
1.10 	under this section must be authorized by resolution adopted by a majority vote of the 
1.11 	city council.
1.12 	(b) Any conveyance of the property described in paragraph (a) must prohibit the 
1.13 	Montgomery American Legion Post No. 79 from transferring the property to a private 
1.14 	entity for five years from the date of conveyance. The city may place any additional lawful 
1.15 	conditions or restrictions on the conveyance.

1.16 	EFFECTIVE DATE. This section is effective the day following final enactment.