Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. The town of North Reading, acting by and through its board of selectmen, is hereby authorized to sell and convey a certain parcel of conservation land to an abutting entity or person. Said parcel is a portion of assessor's Map 72, parcel 35 containing 0.41 acres. Said sale price shall not be less than $5,000.

SECTION 2. No deed conveying by or on behalf of the town of North Reading the property described in section 1 shall be valid unless such deed prohibits the construction of a residential structure on said parcel.