AN ACT AUTHORIZING THE TOWN OF NATICK TO LEASE OR SELL THE FORMER EAST SCHOOL.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows:
SECTION 1. Notwithstanding section 3 of chapter 40 of the General Laws or any general or special law to the contrary, the board of selectmen of the town of Natick may issue request for proposals to lease, for a term not to exceed 99 years, including any extension or renewal terms, the property located at 84 Oak street in the town of Natick, which is now or formerly the site of the East school, and may enter into a lease for said property for a term not to exceed 99 years, including any extension or renewal terms.
SECTION 2. The board of selectmen of the town of Natick may issue request for proposals offering the property at 84 Oak street for both sale and lease, such lease to be for a term not to exceed 99 years, including any extension or renewal terms, with said request for proposals providing an adequate mechanism for comparing the sale and lease options; provided that the terms of any lease or sale shall be approved by a subsequent town meeting.
SECTION 3. The board of selectmen of the town of Natick may appropriate the sum of $25,000, from available funds, to be spent under the jurisdiction of the board of selectmen of the town of Natick for the preparation of reports and analysis, which may include, but not be limited to, appraisal services, environmental assessment, asbestos and lead paint testing and analysis, analysis of building systems and development of associated capital improvement program, advertisements and other costs necessary to market effectively the building.
SECTION 4. This act shall take effect upon its passage.Approved, July 24, 2012.