AN ACT AUTHORIZING THE CONVEYANCE OF A CERTAIN PARCEL OF LAND IN THE CITY OF REVERE.
, The deferred operation of this act would
tend to defeat its purpose, which is to
authorize forthwith conveyance of certain land in the city of Revere,
therefore it is hereby declared to be an emergency law,
necessary for the immediate preservation of the
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Notwithstanding the provisions of sections 40H and 40I,
inclusive, of chapter 7 of the General Laws or any other general or special
law or rule or regulation to the contrary, the commissioner of the division of
capital asset management and maintenance may convey a certain parcel of
state-owned land in the city of Revere to Joseph A. Festa, Jr. and
John V. Festa, Trustees of the Festa Towers Irrevocable Trust for parking
The parcel of land is located on Revere Beach boulevard and is shown as
19,125 square feet more or less and shown as "Map-Block-Parcel-
Unit 2-140-004 on a plan of land Revere, Mass", dated April 3, 2000, and
drawn by Albert A. Romano. The exact boundaries of the parcel shall be
determined by the commissioner in consultation with the department of
conservation and recreation after completion of a survey.
The consideration to be paid to the commonwealth for the
conveyance authorized in section 1 shall be the full and fair market value of
the property based upon an independent professional appraisal as determined by
the commissioner of the division of capital asset management and maintenance.
The inspector general shall review and approve the appraisal. Said inspector
general shall prepare a report of his review of the methodology utilized for
said appraisal and shall file the report with the commissioner for submission
to the house and senate committees on ways and means and the chairmen of the
joint committee on state administration. Said commissioner shall, 30 days
before the execution of any agreement authorized by this act, or any subsequent
amendment thereof, submit the agreement or amendment and a report thereon to
said inspector general for his review and comment. Said inspector general
shall issue his review and comment within 15 days of receipt of
any agreement or amendment. Said commissioner shall submit the agreement and
any subsequent amendments thereof, the reports and the comments of said
inspector general, if any, to the house and senate committees on ways and means
and the chairmen of the joint committee on state administration at least
15 days before execution.
Joseph A. Festa, Jr. and John V. Festa, Trustees of
Festa Towers Irrevocable Trust, shall pay for the costs of all appraisals,
surveys and deed preparation for the conveyance of the property authorized by
this act as may be deemed necessary by the commissioner of the division of
capital asset management and maintenance.
No deed conveying the parcel of land from the commonwealth
to the proponents named in this act shall be valid unless the deed contains a
provision restricting the use of the parcel to parking purposes only.