Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. The real property owned by WestMass Area Development Corporation shall not be subject to taxation by the city known as the town of Agawam until December thirty-first, nineteen hundred and ninety-seven or until such property is sold, leased, rented or otherwise disposed of, whichever occurs first; provided, however, that the WestMass Area Development Corporation shall record in the Hampden county registry of deeds the existing protective restrictions for the Agawam regional industrial park on all the real property owned by it.
SECTION 2. The town of Agawam is hereby authorized by vote of the town council with the concurrence of the mayor to continue the exemption from taxation for real property owned by WestMass Area Development Corporation until December thirty-first, two thousand and two or until such property is sold, leased, rented or otherwise disposed of, whichever is first, but in no event shall said continuation be granted unless the extension of the existing Bowles road in the Agawam regional industrial park is constructed by WestMass Area Development Corporation or the commonwealth from the present layout terminus of said road approximately one thousand six hundred and sixty feet to Garden street at the Route fifty-seven east bound on-ramp.
SECTION 3. The provisions of this act shall take effect as of January first, nineteen hundred and ninety-three.