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HD 5150

An Act allowing a lease term of up to 99 years for 305 South Street east or a portion thereof

194th Legislature (2025-2026) Introduced by Dennis Gallagher

Authorizes Raynham to lease 305 South Street East (Parcel 17-128-0) for up to 99 years, enabling long-term redevelopment and steady town revenue.

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Bill Summary · HD 5150

Summary: HD 5150 — An Act allowing a lease term up to 99 years for 305 South Street East or a portion thereof

Overview

HD 5150 is a proposed Massachusetts bill in the 194th General Court (2025-2026) that would authorize the Town of Raynham, acting through its Board of Selectmen, to lease the property at 305 South Street East (Parcel 17-128-0 on the Assessors’ Map) or a portion of that property for up to 99 years. The act would take effect upon passage.

Key dates:
- Filed: September 16, 2025
- Introduced: November 29, 2025
- Status: Proposed bill (status not specified in the text provided)

Key provisions

  • Section 1: Authorization for long-term lease
    • The Raynham Board of Selectmen would be authorized to lease 305 South Street East, or a portion of that parcel, for a term of up to 99 years.
  • Section 2: Effective date
    • The act would take effect immediately upon passage.

Affected parties and property

  • Primary government entity: Town of Raynham
  • Governing body: Board of Selectmen
  • Property involved: 305 South Street East (Parcel 17-128-0 on the Assessors’ Map) or a portion thereof
  • Potential lessees: Could include private developers, businesses, or organizations seeking a long-term lease arrangement for the property (the text specifies authorization for long-term leasing but does not identify specific anticipated lessees)

Procedural and timeline considerations

  • The bill would become law only if enacted by the Legislature and signed or otherwise approved per constitutional processes.
  • Section 2 states the act would take effect upon passage, meaning there is no separate delayed or phased effective date.
  • The bill’s current status in the provided materials is “Proposed bill”; it has been introduced and filed but has not been shown as enacted.

Potential impact and considerations

  • Enables the town to pursue long-term leasing arrangements for the property, which can:
    • Facilitate substantial investments or improvements by a lessee due to the stability of a 99-year term.
    • Create predictable, long-term revenue streams for the town if the lease includes rent or other considerations.
    • Provide a mechanism for redevelopment or use of the property consistent with municipal planning goals.
  • Considerations for the town may include negotiating terms that protect public interests, ensuring compliance with municipal procurement and land-use rules, and balancing flexibility with oversight over lease terms and public benefit.

If you’d like, I can add a comparison to typical 30- to 50-year municipal lease terms and outline potential fiscal implications (e.g., revenue estimates, tax implications, or debt-financing considerations) based on standard practice.

Compiled from official sources — confirm details with the bill’s official record.

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