FROM THE LAND DISPOSITION AGREEMENT BETWEEN MEDFIELD AND THE STATE:
(6) The Town shall restrict development on Parcel B to approximately 12 acres
of Parcel B. Prior to disposition or redevelopment of any portion of Parcel B
and in any event no later than two (2) years after the conveyance of Parcel B
to the Town, the Town shall place an Agricultural Preservation Restriction
upon the remainder of Parcel B, containing approximately 27.877 acres, in
accordance with the provisions of the letter dated December 16, 2008 from
the Massachusetts Department of Agricultural Resources, a copy of which is
attached to this Agreement as Exhibit J.
(7) On or before the date which is one (1) year after the conveyance of Parcel A
and Parcel B to the Town, the Town shall place an Agricultural Preservation
Restriction upon the property known as the “Holmquist Property” in
accordance with the provisions of said letter from the Massachusetts
Department of Agricultural Resources .
(B) Survival/Enforcement. . . . in the
event that the Town does not establish the Agricultural Preservation Restriction on
Parcel B or the “Holmquist Property” in accordance with clause (A)(6) and (7),
respectively, above or require a purchaser of Parcel B or the “Holmquist Property” to
do the same, the Commonwealth may cause title to Parcel B to revert to the
Commonwealth by (i) giving written notice to the Town which notice shall state that if
the Town does not establish said Agricultural Preservation Restriction within ninety (90)
days of said notice, the Commonwealth may record with the Norfolk Registry of Deeds
a notice stating that title to Parcel B has reverted to the Commonwealth. Upon
satisfaction by the Town of the Town’s Surviving Covenants set forth in Section 6(A)(6)
NB – 1. No Obligation to Designate the 12 Acres & 2. No Fear of Reverter If Not Designated Due to 90 Day Notice & Opportunity to Cure – i.e – we would designate the 12 acres during the 90 days provided to cure after getting any notice.
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