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. The town of Plymouth, acting by and through its board of selectmen, may lease and extend existing leases for a certain parcel or parcels of land located on Plymouth Beach, also known as Long Beach, in the town of Plymouth to Sandra Cotti, President of Sandy's at the Beach, Inc., John Scagliarini, John J. Scagliarini, Jr., Sandra Sparks and Herta V. Sawyer Life Estate, the current tenants or occupants thereof, their successors and assigns who have made, or will make, improvements to the parcel or parcels, for periods not to exceed 20 years, with extensions for such consecutive 10 year terms as may be approved by the board of selectmen. The parcel or parcels may not be assigned to others, or sublet by any lessee or lessees, without the prior written approval of the board of selectmen. Any further disposition of the parcel or parcels, other than that authorized by this act, shall be subject to the provisions of chapter 30B of the General Laws and any other applicable law.

SECTION 2. As consideration for a lease authorized by this act, the lessee of the parcel shall pay to the town of Plymouth as annual rent a sum equal to the amount of taxes which would be due to the town if such parcel was held privately and assessed as land is currently assessed in the town of Plymouth in the area in which the parcel is located. The annual rent due to the town by the lessee shall be adjusted annually as the tax rate or assessment changes.

SECTION 3. This act shall take effect upon its passage.