I
107TH CONGRESS
1ST SESSION
H. R. 3300
To reconvey certain property.
IN THE HOUSE OF REPRESENTATIVES
NOVEMBER 15, 2001
Mr. CAPUANO introduced the following bill; which was referred to the
Committee on Financial Services
A BILL
To reconvey certain property.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. AUTHORITY FOR ACQUISITION OF AND DEVEL-
OPMENT WITHIN CERTAIN URBAN RENEWAL
PROJECT AREAS.
(a) DEFINITIONS.—As used in this section, the
term—
(1) ‘‘date of reconveyance’’ means the date on
which the disposable real property is reconveyed to
the Cambridge Redevelopment Authority;
(2) ‘‘NTSC’’ means the John A. Volpe National
Transportation Systems Center;
setts, presently owned by the United States subject
to CRA controls;
(6) ‘‘tract 1’’ means that tract of land con-
taining 5.8 acres and the building thereon shown as
tract 1 on the plan entitled ‘‘Master Action Plan,
Kendall Square Urban Renewal Project Area, parcel
1, tracts 1, 2, and 2A, September 2000, scale:
1′′=80′ ’’, prepared by Fay, Spofford and Thorn-
dike, Inc., Engineers, Burlington, Massachusetts;
(7) ‘‘tract 2 and tract 2A’’ means those tracts
of land and the buildings thereon shown as tract 2
and as tract 2A, containing 8.5 acres of land and
the buildings thereon, on a plan entitled ‘‘Master
Action Plan, Kendall Square Urban Renewal Project
Area, parcel 1, tracts 1, 2, and 2A, September 2000,
scale: 1′′=80′ ’’, prepared by Fay, Spofford and
Thorndike, Inc., Engineers, Burlington, Massachu-
setts;
(8) ‘‘Urban Renewal Plan’’ means the Urban
Renewal Plan for the Kendall Square Urban Re-
newal Project Area dated October 1965, as amend-
ed;
(9) ‘‘Land Disposition Contract’’ means the
Land Disposition Contract between the Authority
and the United States, dated June 13, 1966, as
amended and supplemented; and
(10) ‘‘Moderate-income family’’ means a family
whose income does not exceed 80 percent of the me-
dian income for the area.
(b) EXTENSIONS OF PLAN AND RESTRICTIONS.—The
provisions of the Urban Renewal Plan applicable to prop-
erty in the Kendall Square Urban Renewal Area conveyed
by the Authority to the United States and such restric-
tions, agreements, and covenants in the deeds of convey-
ance of such property which would otherwise terminate on
August 30, 2010, shall be extended by the Authority until
August 30, 2020, as may be required by Federal or State
housing subsidies and changes in permitted uses to allow
public open space, housing, and accessory uses. The ap-
propriate instruments to effectuate such extensions on be-
half of and in the name of the United States upon receipt
from the Authority shall be executed and delivered.
(c) RECONVEYANCE REQUIRED; CONDITIONS
AND
CONSEQUENCES.—
(1) RECONVEYANCE.—Notwithstanding provi-
sions of any other law and any provisions of the
Land Disposition Contract to the contrary, the dis-
posable real property shall be reconveyed, not later
than 6 months after the date of enactment of this
Act, from the Government to the Authority, and in
consideration therefore—
(A) the Authority shall prepare and carry
out a master plan for the development and
reuse of the disposable real property that in-
cludes the making of appropriate demolition, al-
terations, installation of public improvements,
and sale or lease of tract 1 for the purpose of
open space and housing (of which, a total of 30
percent of the dwelling units shall be for low-
and moderate-income families, who, with re-
spect to the lease of such units, shall not be re-
quired to pay more than 30 percent of their an-
nual income for the yearly rental thereof);
(B) the Authority shall, upon the reconvey-
ance of the disposable real property to it under
this subsection, shall be responsible to make a
payment to the Government, calculated on the
basis of the number of market rate housing
units constructed times a factor of $15,000 per
unit, by a nonrecourse note of the Authority in
such principal amount, payable in or within 5
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 rea-
sonably equitable portions of the outstanding
unpaid principal; and
(C) the Authority shall cooperate with the
Department of Transportation to secure addi-
tional space, if needed, within the Kendall
Square Urban Renewal Project Area for the ex-
pansion of the facilities and functions of the
Department.
(2) PROVISIONS
OF
OFFICE
SPACE, PARKING
AND RELATED FACILITIES.—
(A) FEASIBILITY
STUDY.—In order to
carry out the purpose of this Act, the Secretary
of 
Transportation 
shall 
make 
available
$500,000 for the purposes of undertaking a
feasibility study to determine the amount of
new general office space in new buildings on
parcel 1 to be used—
(i) by contractors engaged in NTSC
work activities;
(ii) by NTSC for expansion space; and
(iii) for lease to other private firms
seeking space in the Kendall Square area.
(B) GROUND
LEASE.—The Secretary is
authorized to enter into a long-term ground
lease with the Authority for the purpose of pro-
viding buildable lots to accommodate office uses
the amount of which to be determined by the
feasibility study described in subparagraph (A)
and based on office market conditions in the lo-
cality. Office space, biotechnology office and
manufacturing facilities shall be located on Par-
cel 1 south of Potter Street and shall involve,
exclusively, entities having development rights
in the Kendall Square Urban Renewal Area.
Further, the Secretary shall grant to the Au-
thority a permanent easement on tract 2 for the
construction and operation of an electric utility
station.
(C) STRUCTURED
PARKING.—The Sec-
retary shall make available $12,500,000 for the
purpose of providing structured parking to be
used by the NTSC and its contractors’ employ-
ees to be constructed in accordance with the
ground lease described in subparagraph (B).
Such structured parking may be incorporated
into an office building structure. In the event
that the construction of office buildings is not
feasible, funds shall be used to construct a
multilevel parking deck for employee parking.