SECTION 1. Notwithstanding section 5A of chapter 3 of the General Laws or any other general or special law, the Fall River Redevelopment Authority may convey to VMD Industrial FR LLC a certain parcel of land shown as Exhibit A Lot 5 on a plan of land entitled “Alta Plan of Land, Innovation Way, Fall River and Freetown MA, Assessors’ Map W-19 Lots 185 & 189, Assessors’ Map 236 Parcel 006.01, Fall River and Freetown Massachusetts,” prepared for V.M.D. Companies, LLC, by MBL Land Development and Permitting Corp., dated December 6, 2022 and the boundaries of said Exhibit A Lot 5 may be amended by the addition of the areas shown on the sheet entitled “Step 1” of said plan as “Added to Lot 5 0.87 acres)”, “Added to Lot 5 (Approximately 0.13 acres)” and “Added to Lot 5 0.80 Acres)” and by removal of the area shown on the sheet entitled “Step 3” of said plan as “Removed from Deed Restriction (1 Acre)” and the deed restriction on said Exhibit A Lot 5, as recorded in the Fall River district registry of reeds in the county of Bristol in book 07124, page 137, may be terminated. Said plan shall be recorded in the Fall River district registry of deeds in the county of Bristol.
SECTION 2. As consideration for the transfer and amendment of the boundaries of the parcel and termination of the deed restriction pursuant to section 1, a conservation restriction shall be placed upon Exhibit A Lot 5 pursuant to sections 31 and 32 of chapter 184 of the General Laws, as said parcel is amended by the removal and addition of parcels as described in section 1 and as shown as “Permanent CR Area (52.6 acres)” on the sheet entitled “Step 6” of such plan. The conservation restriction shall be granted to The Trustees of Reservations and to a public entity authorized to hold a conservation restriction pursuant to said section 32 of said chapter 184 and the conservation restriction shall continue to provide the benefits required by section 3 of chapter 266 of the acts of 2002. The conservation restriction shall be an interest in land subject to Article 97 of the amendments to the constitution of the commonwealth.
SECTION 3. Nothing in this act shall affect the applicability of chapter 131A of the General Laws to any parcel referenced in this act.
SECTION 4. This act shall take effect upon its passage.
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