SECTION 1. (a) Notwithstanding any general or special law to the contrary, for the purposes of promoting economic development within the town of Hull and the more effective use of town property, and subject to the provisions of subsections (a), (b) and (g) of section 16 of chapter 30B of the General Laws and such terms and conditions that the select board of the town of Hull shall deem in the best interests of the town, the select board of the town of Hull may: (i) lease or extend leases or renew leases to current lessees or others or their successors and assigns for the parcels of town property described in subsection (b) up to the maximum term allowed by law; and (ii) thereafter extend such leases for consecutive terms up to the maximum allowed by law. Leases, extensions or renewals may only be granted pursuant to this act to a lessee that has made or will make improvements to any of said parcels described in subsection (b), such as erecting buildings or improving existing structures.

(b) The 3 parcels authorized for lease or extension or renewal thereof pursuant to subsection (a) are: (i) 50 George Washington boulevard, identified as town of Hull assessor’s parcel 37-006-A presently leased by Bayside Marketing Systems, Inc.; (ii) 48 George Washington boulevard, identified as town of Hull assessor’s parcel 37-007 presently leased by Steamboat Wharf Marina, Inc.; and (iii) 245 Nantasket avenue, identified as town of Hull assessor’s parcel 34-098-B presently leased by Beach Food Market, Inc.

SECTION 2. This act shall take effect upon its passage.