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 board of selectmen of the town of Ipswich may sell and convey the fee or a lesser interest in the former Middle School Annex Building and a portion of the parcel of land upon which it is located, situated in the area of 25 Green street, and shown on Assessor's Map 42A, Lot 99, to the North Shore Housing Trust for the development of affordable elderly rental housing units, for a minimum consideration of $1, together with an easement or easements for access, utilities, and vehicular parking to serve the dwelling units over the remainder portion of this town land. The board of selectmen shall determine the precise boundaries of the parcel or easements.
SECTION 2. Chapter 149 and section 38K of chapter 7 of the General Laws shall not apply to any work or improvements to the Middle School Annex building or property undertaken by a lessee of the building property.