MassachusettsBrockton could give a club’s lender priority over city land rights
Brockton’s mayor would be allowed to give a Boys and Girls Club lender priority over the city’s right to reclaim land, up to $1.3 million.
What it does
Brockton’s mayor could give a club lender priority over the city’s right to take back 233 Warren Avenue, for up to $1.3 million. Further agreements would need City Council approval.
Argument forGiving a lender priority over the city’s land rights could help the Boys and Girls Club secure financing.
Argument againstGiving the lender priority could make it harder for Brockton to exercise its right to take back the club’s property.
More detail
Brockton’s mayor could sign an agreement giving the club’s lender priority over the city’s right to take back the property. The agreement would cover a conventional lender to the Boys and Girls Club for its property at 233 Warren Avenue in Brockton. The amount covered could not exceed $1.3 million. The authorization would cover one agreement; further agreements giving lenders priority would need City Council approval. The act would take effect upon passage.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 26Senate concurredLatest
- Oct 22Referred to the committee on Municipalities and Regional GovernmentIntroduced
Government & Ethics