Caneel Bay lease authorization

(a)

Definitions

In this section: (1)

Park

The term Park means the Virgin Islands National Park. (2)

Resort

The term resort means the Caneel Bay resort on the island of St. John in the Park. (3)

Retained use estate

The term retained use estate means the retained use estate for the Caneel Bay property on the island of St. John entered into between the Jackson Hole Preserve and the United States on September 30, 1983. (4)

Secretary

The term Secretary means the Secretary of the Interior. (b)

Lease authorization

(1)

In general

If the Secretary determines that the long-term benefit to the Park would be greater by entering into a lease with the owner of the retained use estate than by authorizing a concession contract upon the termination of the retained use estate, the Secretary may enter into a lease for the operation and management of the resort. (2)

Acquisitions

The Secretary may— (A)acquire associated property from the owner of the retained use estate; and (B)on the acquisition of property under subparagraph (A), administer the property as part of the Park. (3)

Authority

Except as otherwise provided by this section, a lease shall be in accordance with subsection (k) of section 3 of Public Law 91–383 (16 U.S.C. 1a–2(k)), notwithstanding paragraph (2) of that subsection. (4)

Terms and conditions

A lease authorized under this section shall— (A)be for the minimum number of years practicable, taking into consideration the need for the lessee to secure financing for necessary capital improvements to the resort, but in no event shall the term of the lease exceed 40 years; (B)prohibit any transfer, assignment, or sale of the lease or otherwise convey or pledge any interest in the lease with prior written notification to, and approval by the Secretary; (C)ensure that the general character of the resort property remains unchanged, including a prohibition against— (i)any increase in the overall size of the resort; or (ii)any increase in the number of guest accommodations available at the resort; (D)prohibit the sale of partial ownership shares or timeshares in the resort; and (E)include any other provisions determined by the Secretary to be necessary to protect the Park and the public interest. (5)

Rental amounts

In determining the fair market value rental of the lease required under section 3(k)(4) of Public Law 91–383 (16 U.S.C. 1a–2(k)(4)), the Secretary shall take into consideration— (A)the value of any associated property conveyed to the United States; and (B)the value, if any, of the relinquished term of the retained use estate. (6)

Use of proceeds

Rental amounts paid to the United States under a lease shall be available to the Secretary, without further appropriation, for visitor services and resource protection within the Park. (7)

Congressional notification

The Secretary shall submit a proposed lease under this section to the Committee on Energy and Natural Resources of the Senate and the Committee on Natural Resources of the House of Representatives at least 60 days before the effective date of the lease. (8)

Renewal

A lease entered into under this section may not be extended or renewed. (9)

Termination

Upon the termination of a lease entered into under this section, if the Secretary determines the continuation of commercial services at the resort to be appropriate, the services shall be provided in accordance with the National Park Service Concessions Management Improvement Act of 1998 (16 U.S.C. 5951 et seq.). (c)

Retained use estate

(1)

In general

As a condition of the lease, the owner of the retained use estate shall terminate, extinguish, and relinquish to the Secretary all rights under the retained use estate and shall transfer, without consideration, ownership of improvements on the retained use estate to the National Park Service. (2)

Appraisal

(A)

In general

The Secretary shall require an appraisal by an independent, qualified appraiser that is agreed to by the Secretary and the owner of the retained use estate to determine the value, if any, of the relinquished term of the retained use estate. (B)

Requirements

An appraisal under paragraph (1) shall be conducted in accordance with— (i)the Uniform Appraisal Standards for Federal Land Acquisitions; and (ii)the Uniform Standards of Professional Appraisal Practice.