AN ACT INCLUDING THE WEST GROTON MILL WITHIN THE AYER ECONOMIC TARGET AREA AND ECONOMIC OPPORTUNITY AREA.
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Section 18 of chapter 498 of the acts of 1993 is hereby
amended by adding the following sentence:- For the purposes of this act, the
Ayer Economic Target Area and Economic Opportunity Area shall include
the land located in the town of Groton known as the West Groton Mill or the
Old Leatherboard Mill, and shown on the town of Groton assessors' map M as
Any tax increment financing agreement respecting the West
Groton Mill, referenced in section 1, shall include all material terms and
conditions of provisions A(2) and A(3) of the tax increment financing
agreement made between the town of Groton and Capstone Properties, Inc.,
entered into on May 24, 1999 and approved by the Massachusetts Economic
Assistance Coordinating Council.
This act shall take effect upon its passage.