AN ACT CREATING A MUNICIPAL SERVICES FACILITY MITIGATION FUND FOR THE TOWN OF ANDOVER.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows:
Notwithstanding any general or special law to the contrary, the board of selectmen in the town of Andover may establish a special account into which the revenue generated by the town from the site of the former municipal services facility on Lewis street may be placed including, but not limited to, proceeds from the sale or lease of land, tax revenue from the site and future development on the site and permit and application revenue. The town may, without further appropriation, make payments from the account to retire the bonded indebtedness or other expenses related to the town’s acquisition, maintenance and operation of the site of a new municipal services facility.
Approved, January 11, 2017