SECTION 1. The town of Spencer, acting by and through its board of selectmen, may lease a certain parcel of park land, located in the town, to the Spencer Agricultural Association for a term of 25 years with a single 10 year option to renew. The total lease payments shall not be less than $10,000. The parcel is shown as Parcel 28 on the town of Spencer's Assessors Map R-32.
SECTION 2. This act shall take effect upon its passage.