Kendall Square Project Redevelopment and Real Property Reconveyance Act of 1989 - Directs the Secretary of Transportation to consent to an extension to August 30, 2000, of certain provisions of the Urban Renewal Plan and restrictions, agreements, and covenants of the deeds of conveyance applicable to certain property within the Kendall Square Urban Renewal Project Area conveyed to the United States by the Cambridge Redevelopment Authority of Massachusetts.
Requires the Secretary, within six months of the enactment of this Act, to reconvey such disposable real property to the Authority. Directs the Authority to prepare and carry out a master plan for developing and reusing such property. Requires the plan to include the making of appropriate demolition, alterations, public improvements, and sale or lease of the property for housing and accessory uses. Provides that no less than 30 percent of the housing units shall be for low- and moderate-income persons and families who will pay no more than 25 percent of their annual incomes for yearly rental. Requires the Authority to pay the fair market value of such property to the Federal Government. Directs the Authority to cooperate with the Department of Transportation to secure additional space, if needed, for expansion of the Department's functions and facilities within the project area.
Requires the Secretary to ensure that the current number of parking spaces continue to be made available to employees of the Department at the project area and that adequate facilities for the Department's warehousing, shipping, and receiving functions continue to be provided within the project area.
Relieves the United States, upon reconveyance of the disposable real property, of all obligations to develop such property.
HR 3175 IH 101st CONGRESS 1st Session H. R. 3175 To authorize the Cambridge Redevelopment Authority to acquire and redevelop land within the Kendall Square Urban Renewal Project Area for housing and accessory uses and to direct the Secretary of Transportation to reconvey certain disposable real property in the Project Area to the Cambridge Redevelopment Authority for such purpose. IN THE HOUSE OF REPRESENTATIVES August 4, 1989 Mr. KENNEDY (for himself, Mr. ATKINS, Mr. CONTE, Mr. DONNELLY, Mr. EARLY, Mr. FRANK, Mr. MARKEY, Mr. MAVROULES, Mr. MOAKLEY, Mr. NEAL of Massachusetts, and Mr. STUDDS) introduced the following bill; which was referred to the Committee on Banking, Finance and Urban Affairs A BILL To authorize the Cambridge Redevelopment Authority to acquire and redevelop land within the Kendall Square Urban Renewal Project Area for housing and accessory uses and to direct the Secretary of Transportation to reconvey certain disposable real property in the Project Area to the Cambridge Redevelopment Authority for such purpose. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the `Kendall Square Project Redevelopment and Real Property Reconveyance Act of 1989'. SEC. 2. DEFINITIONS. As used in this Act, the term-- (1) `date of reconveyance' means the date on which the disposable real property is reconveyed to the Cambridge Redevelopment Authority; (2) `Secretary' means the Secretary of Transportation; (3) `Authority' means the Cambridge Redevelopment Authority of the city of Cambridge, Massachusetts; (4) `CRA controls' means the restrictions, requirements, and other provisions affecting the use and ownership of property within the Kendall Square Urban Renewal Project Area contained in the Urban Renewal Plan, the Land Disposition Contract, the deed or deeds or transfer of any such property from the Authority to the United States of America, zoning and building laws of the city of Cambridge, Massachusetts, and any other applicable provisions or agreements previously approved by the Federal Government; (5) `disposable real property' means certain land and the building thereon within parcel 1 of the Kendall Square Urban Renewal Project Area, generally shown as parts 1 and 2 on a plan entitled Master Action Plan, Kendall Square Urban Renewal Project Area, parcel 1, tracts 2, 2A, and 3, March 1989, scale: 1" = 80', prepared by Fay, Spofford and Thorndike, Inc., Engineers, Lexington, Massachusetts, presently owned by the United States subject to CRA controls; (6) `tract 1' means that tract of land and the building thereon shown as tract 1 on a plan entitled `Master Action Plan, Kendall Square Urban Renewal Project Area, parcel 1, tracts 1, 2, 2A, and 3, March 1989, scale: 1" = 80', prepared by Fay, Spofford and Thorndike, Inc., Engineers, Lexington, Massachusetts; (7) `tract 2' means that tract of land and the buildings thereon shown as tract 2 on a plan entitled `Master Action Plan, Kendall Square Urban Renewal Project Area, parcel 1, tracts 1, 2, 2A, and 3, March 1989, scale: 1" = 80', prepared by Fay, Spofford and Thorndike, Inc., Engineers, Lexington, Massachusetts; (8) `tract 3' means that tract of land shown as tract 3 on a plan entitled `Master Action Plan, Kendall Square Urban Renewal Project Area, parcel 1, tracts 1, 2, 2A, and 3, March 1989, scale: 1" = 80', prepared by Fay, Spofford and Thorndike, Inc., Engineers, Lexington, Massachusetts; (9) `Urban Renewal Plan' means the Urban Renewal Plan for the Kendall Square Urban Renewal Project Area dated October 1965, as amended; and (10) `Land Disposition Contract' means the Land Disposition Contract dated June 13, 1966, as amended and supplemented, between the Authority and the United States. SEC. 3. EXTENSION OF PLAN AND RESTRICTIONS. The Secretary is hereby authorized and directed to consent to an extension to August 30, 2000, of the provisions of the Urban Renewal Plan applicable to the property in the Kendall Square Urban Renewal Project Area conveyed by the Authority to the United States and of such restrictions, agreements, and covenants in the deeds of conveyance of such property which would otherwise terminate on August 30, 1995, and to execute and deliver appropriate instruments to effectuate such extensions on behalf of and in the name of the United States. SEC. 4. RECONVEYANCE REQUIRED; CONDITIONS AND CONSEQUENCES. (a) RECONVEYANCE- Notwithstanding any provisions of any other law and any provisions of the Land Disposition Contract to the contrary, the Secretary shall, within six months of enactment of this Act, reconvey the disposable real property to the Authority, and in consideration therefor-- (1) the Authority shall prepare and carry out a master plan for the development and reuse of the disposable real property that include-- (A) the making of appropriate demolition, alterations, installation of public improvements, and sale or lease of tract 3 or portions thereof for the purpose of commercial, residential, and accessory uses, and (B) the making of appropriate demolition, alterations, installation of public improvements, and sale or lease of tract 1 or portions thereof for the purpose of housing and accessory uses, of which a total of not less than 30 percent of the housing units shall be for low- and moderate-income persons and families, who, with respect to the lease of such units, shall not be required to pay more than 25 percent of their annual income for the yearly rental thereof; (2) the Authority shall, upon the reconveyance of the disposable real property to it under this section, pay to the Federal Government fair market value for said property, calculated on the basis of then current disposition prices in the Urban Renewal Project Area, by a nonrecourse note of the Authority in such principal amount, payable in or within five years from the date of reconveyance, which note shall be secured by a first mortgage on such disposable real property and shall provide for partial release or releases upon payment of reasonably equitable portions of the outstanding unpaid principal; (3) the Authority shall cooperate with the Department of Transportation to secure additional space, if needed, within the Kendall Square Urban Renewal Project Area for the expansion of the facilities and functions of such Department; and (4) the Authority shall cooperate with the Secretary as otherwise provided hereunder. (b) PROVISION OF PARKING AND RELATED FACILITIES- In order to carry out the purpose of this Act, the Secretary shall take such steps as are appropriate to ensure that there are provided approximately 750 parking spaces on parcel 1 of the Kendall Square Urban Renewal Project Area within one year of the effective date of this Act for use at no charge by employees of the Department of Transportation and that such parking be located on tract 3. In addition, the Secretary shall take appropriate steps to ensure that adequate facilities for warehousing, shipping, and receiving functions of the Department of Transportation within such Project Area continue to be provided, and to the extent possible, be located on tract 2 or 3. (c) AUTHORITY TO EXECUTE INSTRUMENTS- In making the reconveyance provided for in subsection (a) hereof, the Secretary is authorized to execute any instruments, including contracts, releases, and deeds, necessary or appropriate to carry out the provisions of this Act. (d) UNITED STATES RELIEVED OF OBLIGATIONS- Upon the reconveyance of the disposable real property to the CRA, the United States shall be relieved of any obligation to develop the disposable real property under the Land Disposition Contract. SEC. 5. EFFECT ON OTHER RIGHTS AND OBLIGATIONS PROHIBITED. Nothing herein shall affect any of the rights and obligations of any party, or any of the CRA controls, applicable to any other portions of the Kendall Square Urban Renewal Project Area. Nothing contained in section 4 of this Act shall in any way limit the CRA from seeking or obtaining available Federal, State, or local financial assistance in order to comply with the requirements thereof.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Housing and Community Development.
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