Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. Notwithstanding the provisions of any general or special law to the contrary, the city of Lowell is hereby authorized to accept an annual payment in lieu of real estate taxes from L'Energia Limited Partnership, L'Energia, Inc., General Partner, its successors and assigns, assessed upon land and buildings existing on January first, nineteen hundred and ninety-three and located at 2 Tanner Street in the city of Lowell for a period of twenty years; in the amount of five hundred thousand dollars per year for the first ten years and the amount of five hundred and twenty-five thousand dollars per year for the second ten years commencing with fiscal year nineteen hundred and ninety-four.
SECTION 2. Personal property taxes, which are assessed separately, are specifically excluded from the provisions of this act and L'Energia Limited Partnership, L'Energia, Inc., General Partner, its successors and assigns shall remain liable therefor.
SECTION 3. This act shall take effect upon its passage.