Budget Amendment ID: FY2017-S4-339

GOV 339

Leasehold Mortgagees

Ms. Lovely moved that the proposed new text be amended by inserting the following new sections:

“SECTION XX. Section 22 (b) of Chapter 237 of the Acts of 2014 is hereby amended by adding the following word after the word Middleton:- “initially” and by adding the following phrase after the words Essex Sports Center, LLC:- “and any of its leasehold mortgagees.”

SECTION XX. Section 22 (c) of Chapter 237 of the Acts of 2014 is hereby amended by striking out the following phrase:- “or if Essex Sports Center, LLC ceases to be the lessee at any time before the expiration of the lease”

SECTION XX. Section 22 (c) of Chapter 237 of the Acts of 2014 is hereby amended by adding after the word "determine" the following words:- "Prior to any transfer or assignment of any of tenants interest for any reason the landlord shall have the right to conduct an auction of such interests in accordance with state procurement guidelines and subject to the interests of a permitted leasehold mortgagee."