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. Section 18 of chapter 498 of the acts of 1993 is hereby amended by adding the following sentence:- For the purposes of this act, the Ayer Economic Target Area and Economic Opportunity Area shall include the land located in the town of Groton known as the West Groton Mill or the Old Leatherboard Mill, and shown on the town of Groton assessors' map M as parcel 129.
SECTION 2. Any tax increment financing agreement respecting the West Groton Mill, referenced in section 1, shall include all material terms and conditions of provisions A(2) and A(3) of the tax increment financing agreement made between the town of Groton and Capstone Properties, Inc., entered into on May 24, 1999 and approved by the Massachusetts Economic Assistance Coordinating Council.
SECTION 3. This act shall take effect upon its passage.