Bill > H4643

This bill authorizes the Massachusetts Department of Transportation (MassDOT) to convey a specific 12,500 square foot parcel of land in Stoneham that was originally taken for highway purposes in 1958 to Wakefield Investments, Inc. The land, which is currently landlocked and part of Parcel 2-31, will be sold at its full and fair market value as determined by an independent professional appraisal. The bill requires Wakefield Investments to cover all costs associated with the conveyance, including engineering, surveys, recording costs, and appraisals. Additionally, the bill mandates a detailed appraisal review process involving the inspector general, who must examine the appraisal methodology and prepare a report. This report must be submitted to legislative committees at least 15 days before the final conveyance documents are executed. The bill is classified as an emergency law, designed to expedite the land transfer for the purpose of reconstructing an off-ramp from Interstate 93 to Montvale Avenue and Maple Street. The land will be conveyed in its current condition through MassDOT's standard release deed.

Budget and Finance

House Committee on Ways and Means (House)

https://malegislature.gov/Bills/194/H4643