An Act authorizing the town of Hull to lease certain property and to extend leases on certain property to promote economic development and the more effective use of town property

This bill authorizes the town of Hull to lease or extend leases on specific commercial properties to encourage economic development and better use of town assets. It specifically targets three locations currently occupied by Bayside Marketing, Inc., Steamboat Wharf Marina, Inc., and Beach Food, Inc., allowing the Select Board to grant new or renewed leases to current tenants or their successors. The legislation permits these lease extensions only if the tenants agree to make improvements to the properties, such as building new structures or upgrading existing ones, subject to terms the town deems in its best interest.