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 may sell and convey, acting by and through its town meeting, and in accordance with chapter 30B of the General Laws, certain town-owned conservation land. Said land is shown as parcel 10 on the town of North Reading Assessors Map 50. The proceeds of the sale of parcel 9, which is currently held for general municipal purposes, and parcel 10 shall be used to provide all or a portion of the funding to purchase certain private property for the purpose of creating Eisenhaures Pond Park as outlined on a plan of survey dated February 28, 2003 and on file in the office of the town clerk.

SECTION 2. This act shall take effect as of October 1, 2003.