Massachusetts H4643 authorizes the Department of Transportation to convey a specific parcel of land in Stoneham to Wakefield Investments, Inc.
Massachusetts H4643 allows the Massachusetts Department of Transportation to transfer a parcel of land in Stoneham to Wakefield Investments, Inc. The land, taken for highway purposes in 1958, is intended for reconstructing an off-ramp from Interstate 93. The conveyance is subject to an independent appraisal of the land's fair market value, which the secretary of transportation must submit to regulatory oversight. Wakefield Investments, Inc. will cover all costs related to the conveyance, including engineering, surveys, and appraisals.
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