Bill

Bill > H5384


MA H5384

Authorizing the commissioner of Capital Asset Management and Maintenance to convey a certain parcel of land in the town of Lancaster


summary

Introduced
06/15/2022
In Committee
11/07/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

By Ms. Kilcoyne of Clinton, a petition (subject to Joint Rule 12) of Meghan Kilcoyne that the commissioner of Capital Asset Management and Maintenance be authorized to convey a certain parcel of state owned land in the town of Lancaster to said town. State Administration and Regulatory Oversight. [Local Approval Received.]

AI Summary

This bill authorizes the Commissioner of Capital Asset Management and Maintenance to convey a certain parcel of state-owned land in the town of Lancaster to the town. The town of Lancaster must pay the Commonwealth $1 as consideration for the conveyance. If the town decides to sell or lease any portion of the parcels, the net proceeds will be split equally between the town and the Commonwealth, though the Commissioner can agree to reduce the Commonwealth's share to at least 40% to incentivize the town to sell or lease the parcels expeditiously. If the town decides to retain any portion of the parcels for municipal purposes, it must pay the Commonwealth the fair market value of those portions, as determined by an independent appraisal. The town is responsible for all costs and expenses related to the conveyance and subsequent ownership of the parcels. If the town does not complete the purchase by December 31, 2023, the Commissioner may sell or lease the parcels to other parties using competitive bidding processes.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Accompanied a new draft, see H5415 (on 12/08/2022)

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