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. Notwithstanding the provisions of paragraphs (c), (d), (e) and (f) of section 16 of chapter 30B of the General Laws, the town of Dennis, acting by and through its board of selectmen, may convey a certain parcel of land used for general municipal purposes in said town to the Dennis Development Corporation, a Massachusetts corporation organized under chapter 180 of the General Laws, for such consideration or no consideration, and on such other terms and conditions as the selectmen may determine and subject to the terms and conditions set forth in sections 2 to 4, inclusive. Said parcel of land consists of approximately one and one-half acres of land, which is a portion of land shown as parcel 31 on Assessors Map 264 and is a portion of the land described in a deed from the Friends of Dennis Senior Citizens, Inc. to the town of Dennis dated July 2, 1984, and recorded with the Barnstable county registry of deeds in Book 4175, Page 145.

SECTION 2. The parcel of land described in section 1 shall be used in conjunction with a one acre parcel of land to be deeded to Dennis Development Corporation by the Friends of Dennis Senior Citizens, Inc. for the purposes of constructing a facility for congregate elderly housing and adult day care.

SECTION 3. If the Dennis Development Corporation fails to obtain all the necessary permits and funding for the proposed facility within five years of the vote under Article 42 of the December 8, 1997 special town meeting of the town of Dennis or if the Friends of Dennis Senior Citizens, Inc. fail to transfer the adjacent one acre parcel to said Dennis Development Corporation within such time, the property described in section 1 shall revert to said town of Dennis. If said Dennis Development Corporation ceases doing business as a charitable corporation, dissolves or enters into bankruptcy proceedings, said property shall revert to said town.

SECTION 4. Upon any transfer of the property described in section 1, the town of Dennis shall have the first option to purchase said property.

SECTION 5. This act shall take effect upon its passage.