DE SB70

Authorizes the Appoquinimink School District to convey 3.70 acres of land at 200 Finley Street, Townsend, Delaware (New Castle County tax parcel ID 2500400054) to the Town of Townsend for $1.00.

Grants the Appoquinimink School District a right of first refusal if the Town of Townsend later wishes to vacate the property.

If the School District does not exercise its right of first refusal, proceeds from any future sale of the property (minus capital improvements made by the Town) shall return to the Appoquinimink School District per 14 Del. C. §1057(a)(15).

Requires the Town of Townsend to pay all transaction costs associated with the property conveyance and place a historical marker on the site indicating the property's historic significance.

Transfers the property to the Town of Townsend in "as is" condition.