Authorizes the release of certain land use restrictions in Revere, Massachusetts, by the commonwealth.

This bill allows the commissioner of the division of capital asset management and maintenance to release specific land use restrictions in the city of Revere. The restrictions pertain to the use of a parcel for parking purposes only, the owner's ability to enhance the permitted floor area ratio of adjacent property, and a right of reverter reserved through a release deed. The commissioner must submit an appraisal and report to the inspector general for review before executing any agreement. The owner of the released land will cover all associated costs.

Authorizes the release of certain land use restrictions in Revere, Massachusetts, by the commonwealth.

This bill allows the commissioner of the division of capital asset management and maintenance to release specific land use restrictions in the city of Revere. The restrictions pertain to the use of a parcel for parking purposes only, the owner's ability to enhance the permitted floor area ratio of adjacent property, and a right of reverter reserved through a release deed. The commissioner must submit an appraisal and report to the inspector general for review before executing any agreement. The owner of the released land will cover all associated costs.