Loading...
CZM LETTER RE PICKERING WHARF C � � c mA s .cgd y. '• A �'F�ZI� III ggr , CITY OF SALEM, MASSACHUSETTS PLANNING DEPARTMENT W.GREGORY SENKO CV ONE SALEM GREEN CITY PLANNER 3 �� ': 01970 (617)744-4580 Office of Coastal Zone Management; August, 1979 Al. Pickering Wharf and the Nathaniel Bowditch Park comprise 3.2% of Salem's Coastline, (.51 miles of 15.9 miles) and 1.7% of the Coastal Land Area (14 acres of 801 acres) . The figure of 801 acres consists of the waterfront study area used by the City for its 1979 Master Plan update. PICKERING 'WHARF In 1974, the oil storage tanks at the Pickering Wharf Terminal were condemned by the Board of Health. The Pickering Oil Heat Company submitted a petition to the City to construct new tanks next to the New England Power Company site (approximately one-half (11) mile from A2, its present site). The company's administrative offices and garage facilities were to remain at the Pickering Wharf site. While the City was considering the petition, numerous people indicated that this may be a prime opportunity to .redevelop the site for something other than industrial uses. The site was regarded as one with the potential for sparking waterfront revitalization. Among those interested in trying to revitalize the site were the Mayor, the Planning Department, the Redevelopment Authority and especially the Editor of the Salem Evening News, the late Jim Shea who did much through his editorials to gain the support of the local community. The City, through .the City Solicitor, William Tinti, and David Lash of the Planning Department, .entered into negotiations with Pickering Oil resulting in an agreement consisting of the following: 1) The City could purchase the property itself and resell it to a private party who would redevelop it in a manner consistant with the City's desires; or the City could find a compatible developer to buy it directly. 2) The sale price of the land would be one-half ('1) the. appraisal value' with the appraisal conducted under the guideance of the City, but paid for by Pickering Oil. The City's leverage in these negotiations consistefl of its permit granting authority. Pickering Oil Company would get a modern oil terminal, the Wharf would retain the name "Picker:tf Svl a:=f", &-nd the Oil Company would get "good press" by showing it was incore:;teci ir, the overall welfare of the City and its waterfront. T'« twc p ir.•,:, p2ls involved at Pickering Oil, Mike Davenport and Charles Andrias, :a-ere very much aware that the local home heating oil business was 3epandent upon good public relations. m . Pickering Oil Company agreed to pay for a $25,000 study, to be conducted by the City Planning Department consisting of three parts: 1) An appraisal of the property, 2) a soil boring/testing study, and 3) a development prospectus conducted by Skidmore, Owens and Merrill, which consisted of a geotechnical analysis, an economic and market analysis, and potential site utilization schemes. (There was never a formal real estate instrument detailing the Agreement between the City and Pickering Oil. However, on the one year anniversary of the initial offer, the City agreed to terminate the option in six months (by June 1, 1976) if a developer was not found.) The development prospectus outlined four schemes, all revolving around a restaurant marina and office concept, for the utilization of the site and was mailed to both national and local hotel firms. and real estate development companies. The prospectus caused some curiosity on the part of potential developers; however, after researching the hotel market potential on the Northshore, not one of the interested firms wished to pursue the matter any further. The reasons for this were two fold: 1) Speculation on.the part of hotel chains in response to projected tourism for the bi-centennial, had already caused an over-building of hotels and motels on the Northshore especially along the major arteries to Boston, and 2) Salem has inadequate connection to major highways making access and visibility difficult for any hotel when competing with hotels located on the major interstate highways only three miles away. With the deadline of June, 1976 rapidly approaching, the City opened the door to any potential developer that could work with the City on developing the site. A local real estate firm (Carlson Associates) was instrumental in getting three local parties interested in the site. One group was interested in developing a tennis and swim club in Salem. The second party, Ted Hood (of Hood Sails and America's Cup fame) was considering a.marine industrial site with boatbuilding, repair, spar and sail manufacturing. and a marina. The third group, Henry Audesse, Arthur Collins and Bob Bramble, had recently acquired the Hawthorne Hotel in Salem by securing a mortgage with the Salem Five Cents Savings Banka This sale was negotiated by Julie Tache of Carlson Associates. Ms. Tache was aware that Arthur Collins and Henry Audesse were interested in developing a multi-media tourist attraction that revolved around an American Clipper ship and a typical voyage. At the time, they were considering sites in Mystic, Connecticut, Portland, Maine, and a number of other cities with the idea of franchising the show. Mssrs. Collins, Audesse and Bramble, known as Heritage Trust, hired the Architectual firm of ADD, INC., Cambridge, Massachusetts to develop schemes for the Picketing site. (Phil Briggs is the Principal of the firm.) The interest of the first two groups diminished due to financial reasons and general distrust, (and lack of patience) of working with Government (local or otherwise) agencies. -2- However, Heritage Trust and Phil Briggs presented a scheme to the City calling for a marina, office and retail space, and residential uses on the site. This initial scheme is very-s milar to what Pickering Wharf is today. The City was receptive to the scheme and a basic agreement was formulated outlining a phased development schedule, square footage performance standards and a specified deadline for the completion of the first phase. (If the performance standards were not met for the first phase of development; the Agreement would be terminated:) ` -In: addition, the City would assist the developer in meeting zoning standards for the site as well as any other permits necessary for development. An Agreement was agreed to on May 29, two days prior to the ,June 1, 1976 deadline and the property was transferred on June 1. Heritage Trust, with the assistance of Julie Tache, secured a mortgage with the Salem Five Cents Savings Bank. One of the conditions of the Bank, negotiated by Tom Leonard of the Salem Five, was that the Bank could acquire one-half (!�) interest in the development if the Bank so desired. During the next nine months, the City worked on rezoning the site from an auto-highway zone to a Central Business District zoning (B-5) . The B-5 zone is the most flexible zoning in the City in that it allows mixed-use development, requires fewer parking spaces (only residential spaces required) and allows for a higher density per square foot of land. At the same time, Heritage Trust was demolishing the oil tanksoand was considering the purchase of a building adjacent to the site that fronted on major roads (more visibility) . The Salem Five Cent Savings Bank decided to become a full participant (not mortgagor) in the project and formed the "North Shore Corporation." The North Shore Corp. combined with Heritage Trust to form Heritage Trust II and was; successful in negotiating the sale of these additional buildings. , Another bank, the New England Merchants Bank, assumed the role of ,prime lender to Heritage Trust II from this point on. Early in 1977, piles were driven into the site for foundations and work was begun on the newly acquired buildings to convert them into shops and a theater for the multi-media show. Even though these buildings weren't included in the original scheme, this work was accepted as fulfulling the first phase development schedule. Early in 1978, Heritage Trust II decided ;to abandon the phased development for a full development schedule. The deciding factor was the signing of "Victoria Station" as a major restaurant anchored on the outermost portion of the site. A3. As of August 1, 1979, construction of the site is ninety percent (90%) complete. The 45 slip marina is fully utilized. Forty-five out of 54 condominiums have been sold ($60,000 - $125,000 range) and will be ready for occupancy in September. Two out of the four full service restaurants are opened, ninety percent (90%) of the 2,200 square feet of office space is leased and seventy-five percent (75%) of the 70,000 square feet of commercial space is occupied. A4. Along with the time devoted to the Pickering project by numerous city departments, the City spent approximately $17,000 of Community Development monies (through the Planning Department) on City sidewalks abuting the area. The City did not spend anything for sewer lines, drainage or utility lines. -3- A5, The original agreement only called for public access along the east side of the site. However, Phil Briggs of ADD, Inc. developed a scheme for a public walkway around the entire perimeter of the site " knowing that this would be an important amenity for drawing the public. The entire site is open to the public. A6. There are no special tax agreements between the City and Pickering Wharf. The site is assessed at and with a tax rate $204/1,000,the tax income to the city amounts to per year. A7. Design Control: in the original agreement with Heritage Trust, the developer agreed to review all plans with the City's Design Review Board. The Design Review Board, an advisory group to the Salem Redevelopment Authority, is composed of a broad range of individuals, historians, architects, graphics experts, etc. and is responsible for design coordination within the City's renewal areas. Even though the Pickering site is not within the renewal areas, the Review Board agreed to advise the Planning Department on the plans developed by ADD, Inc. The outcome and final design reflects the additional time spent on Design Review. The development functions well,:'is aesthetically pleasing and is an outstanding addition to the waterfront both in character and design. Multi'-Media Show: Initially, Mssrs. Audesse and Collins were interested in a "generic" show entailing a typical American ship on a typical voyage. Early in 1977, Heritage Trust hired the consulting firm of White Oaks Design Group to develop schemes for the show. White Oaks recommended that the show would have better success if it was "Salem Specific." In hind sight, this decision was important because the group developed a good relationship with the Salem National Maritime Historic Site, The House of Seven Gables, The Essex Institute and The Peabody Museum. Through these associations, the Multi-Media Show, "The Voyage of the India Star" gained credibility and was not regarded as "just another tourist attraction." This relationship has worked well for all parties concerned with regards to cooperative marketing and promotion. -4- e O.C.Z.M. : NATHANIEL BOWDITCH PARK, SALEM, MASS. REBIRTH In the late 1960's, it was apparent that Salem's downtown was on OF THE its last breath. Its imminent death would be attributable to two factors: C.B.D. The physical decadence of the buildings in the downtown and the loss of .; . the City's regional retail market to the newly constructed suburban B1, shopping centers. In taking a hard look at what, if any, qualities or features of the downtown could be used as the building blocks for a new Salem. The community realized that Salem possessed two outstanding physical attributes that could be used for this new foundation: 1) The numerous 18th and 19th century buildings that blanketed the compact , . downtown and 2) the close-knit physical relationship between the down town commercial area, adjoining neighborhoods and industrial areas, and the Salem Harbor. Since 1970, Downtown Salem has been experiencing a dramatic trans- formation. Thirty-five buildings have been renovated or constructed for commercial and residential use. Essex Street, once a congested and decay-lined street in the heart of the downtown, has been transformed into a prized pedestrian mall accompanied by a 1,000 car garage with a 35-store shopping mall. Not only is the City recovering some of its retail trade that was lost to the suburban shopping centers, Salem is also experiencing an ever increasing tourist trade (mostly concentrated in the central city) that is expected to approach 1 million visitors this year. With the renewal effort in the downtown rounding the final corner towards completion, the City is actively pursuing the reunification of its downtown with its adjoining harbor waterfront. -- Early on. in the renewal process, citizens, plannners, and architects alike:.recognized that the physical layout of the central city was a product of the world-wide trading activity that eminated from Salem Harbor during the 17th and 18th centuries. The street layouts and the buildings situated on them, the neighborhoods, factories and warehouses were all directly or indirectly a result from the activity (and prosperity) located along Salem's waterfront.In order to ensure the progress and continued success of the City's renewal efforts, the community recognized that Salem would once again have to rely on the uniqueness and the interrelationships of the central city with its waterfront. INITIAL In 1978, a plan for the utilization of the South River Channel Area, SCHEMES long recognized as a focal area for linking the downtown with the harbor FOR THE and adjoining neighborhoods, was included in Salem's application to SOUTH H.U.D. for Urban.Development Action Grant (UDAG) funding. The plan for RIVER the development of the South River Channel Area was developed by the City's planning staff and included a recreation area on the south side of the channel, a public marina in the channel itself, and a public walk- B2. way, park, and parking area on the north side. The plan called for the utilization of vacant and underutilized land, or land on which inconsistent or incompatible uses, with respect to their waterfront location (gas stations, hardware and auto service stores) currently existed into a public space that would physically and visually open up the harbor to residents, workers and visitors in the downtown area of Salem. This component of the U.D.A.G. application was excluded from the final sub- mittal because the City could not leverage enough private investment in the housing and industrial components of the application to warrant an almost 100% public commitment for the South River Area. Again in 1978, the City tried for assistance in transforming the concept of the South River development into physical being. The City applied for Massachusetts Heritage State Park funding through the State Office of Environmental Affairs. The State was in agreement with the City that the concept for the utilization of the South River Area was beneficial to both Salem, the Boston Metropolitan Area and the State. It provided recreation areas to the City's most desolate neighborhoods. '. .It put into public use an unmaintained and neglected waterway. It opened up a previously barricaded harbor by calling for the relocation of incompatible coastal land uses. It physically linked via pedestrian ways important cultural and historical sites (the National Park Services' Derby Wharf site, House of Seven Gables and the Peabody Museum, local and national historic districts) . The site was very accessible to M.D.C. transportation. However, Salem's application to the Heritage State Park Program was not funded. The State felt that the City had not fully substantiated its concept for the utilization of the South River Area with an actual design, detailed engineering analysis, and accurate cost estimates. The State indicated that the project should be kept afloat, but that the City would have to develop its plans to a much higher level or degree over .and beyond what the City's "in-house" staff could produce. INVOLVEMENT During the development of the application for Heritage State Park WITH C.Z.M. funding, the City was made aware by the Massachusetts Coastal Zone Management Program that applications could be submitted for the 1978 Community Assistance Program. The Program provided for 80% funding (up to $20,000) for research,- planning, engineering and technical-assis- tance programs that would occur within the Coastal Zone. The Program was regarded by the City as being the one that could allow Salem to develop the concept for the utilization of the South River into sound, well-documented plans. However, when it came to comparing the scope of the necessary preliminary engineering and design work with the amount of funding available to each community, it was realized that only half of the necessary work would be accomplished. The City decided to review two separate'applications with C,.Z.M. to get that agency's input as to which one would be best suited for the program. One application would be for a preliminary engineering study of the Channel and the stability of its 1800 L.F. of bulkhead ($16,000). The other would be for planning and preliminary design studies to--transform the conceptual ideas into workable plans ($20,000) . However, as far as the City was concerned, both applications were of equal importance and directly related to one another when considering the amount of information needed to apply for the total implementation funds. While reviewing the two Community Assistance applications with the Massachusetts C.Z.M. staff, Mark Kaufman, Richard Thibedeau and Peter Kortright, it was suggested by the staff that due to the scope and complexity of the South River proposal, the two applications should be combined into one and submitted to the Massachusetts Office of C.Z.M. for funding through the Washington Office of C.Z.M. under special Urban Waterfronts Program funding. The State C.Z.M. staff indicated that the maximum funding limits were higher than the State Community Assistance Program ($30,000 instead of $20,000) but the 80%/20% match remained constant. The City combined the two applications into one comprehensive pack- age, submitted the package to Massachusetts C.Z.M. in July and received word that the application was approved at the end of October. A grant application was signed by C.Z.M. and the City during November, -2- The grant amounted to $30,000 (80%) with the City committing $7,500 , in matching cash and in-kind services.r-­As with all: other grants, the City was hopeful of using Community Development funds for part of its local matching funds; however; C.Z.M. is one of the few, if riot the only, Federal agency that doesn't allow this. This is probably a major hindrance to towns and cities, similar to or smaller than Salem, that could certainly benefit from the C.Z.M. program, but are unable to produce the local matching funds easily. THE NATHANIEL After reviewing the City's request for proposals (R.F.P.) with the , BOWDITCH PARK Massachusetts C.Z.M. staff, the R.F.P. was sent to fourteen landscape architectural and engineering firms; nine of which submitted proposals for the South River project. The City interviewed three finalists and selected the firm of Sasaki Associates, Watertown, Massachusetts as the Consultant on the project. Contracts, signed at the beginning of Januar g g Y 1979, called for Sasaki Associates to conduct an extensive analysis on the South River Channel, the surrounding bulkheads and the existing con- ditions in the immediate land area, as well as a complete planning analysis of the entire site and its surroundings, leading to the scientific design plans for the entire site. The South River project study was completed in April. culminating in the Nathaniel Bowditch Park Project. During January and part of February, the inventory and analysis phase of the contract was completed by Sasaki Associates. A rigorous schedule of public meetings was conducted during February and March, involving the consultants and the City's Planning Department staff, interested City Boards and Commissions, residents of the area, businessmen and landowners. The City and the Massachusetts C.Z.M. staff considered the public participation portion of the program to be of .the highest priority. 'Due to the complexity of the site, which involves industrial and utility uses, commercial uses, and residential uses, it was considered vital to involve these interests in the design process as early as possible. The outcome of this process resulted in an understanding of the concerns and interests, both contrary to and compatible with the goals of the project, and an opening up of dialogue and communications.between the affected parties and the City. The final report outlines the recommended concept plan for the utilization of the South River Area. The plan (described in the enclosed brochure: Ann Cowey has the full xeroxed report) emphasizes public use of this centrally located waterfront area. Active recreational areas, serving the immediate neighborhoods, a public marina, a historical theme park, parking and a commercial core area are the recommended uses for this underutilized waterfront area. The scheme, as it stands now, entails $1.4 - 2.4 million worth of acquisition and $4 - 6 million in development costs. WHERE DO In order to make the scheme for the Nathaniel Bowditch Park in its WE GO FROM present form a reality, the City can approach the acquisition and HERE development in a number of ways. 1) Salem could apply for a special appropriation - through Congressional action, Department of Interior Funding etc. , in order to develop the Nathaniel Bowditch Park in one phase. 2) Salem could phase the project over four or five years through funding by Heritage Conservation and Recreation Services and Mass. Department of Urban. Self Help. Due,, to' the limited '.appropriations',. the City would .apply for acquisition funds for one area of the park one year, and development funds for the next. 3) The City could 'combine funding from a broad range of Federal agencies that would individually be interested in certain components -3- �� of the project, but not necessarily the entire project. FALL, 1979 The City will be applying to Heritage Conservation and Recreation Services this fall for acquisition monies for the South side recreation component of the park, as well as the "Gateway" area on the corner of B3. Derby and Lafayette Streets. This fall, while the application is being processed, the City will have to secure a bond to finance the acquisition, conduct review appraisals of the properties as necessary, and work with the Massachusetts Department of Community Development to develop a relocation plan. If the application is successful, the City will be committed to secure development funding for the acquired parcels the following year. This approach appears to leave the acquisition and development of the ."Historic Theme" Park area and the development of the commercial core area "on the back burner" for the time being. The City is presently developing alternative strategies to redevelop this component of the Parka With the continued support of Mass. C.Z.M. , the City will conduct a market analysis on the area in order to assist present land owners or prospective developers in determining the best possible use of this waterfront land and the costs involved in rehabilitating these buildings. Salem received a $5,000 grant through the 1979 Community Assistance Program to conduct this study. The City's 1979 Community Assistance application also included an environmental analysis and archaeological review component; however, this was not funded. Instead, the Massachusetts C.Z.M. staff has offered its assistance in coordinating the various Federal and State agencies, involved with environmental and permit reviews, to determine which components of the Nathaniel Bowditch Park will need their attention and to determine the mechanisms to gain clearance and approvals from these agencies. In addition to this study, the City will be pursuing one or more of the following strategies. 1) Salem could seek an agency (state, federal, local, non-profit, etc.) to further develop and operate the historic theme park site and work with that agency to secure funding. 2) The City could pursue special funding through Congressional action or the Department of Interior. 3) The City could work with the private owners, encourage and assist them through public improvements and grants,_ or through the banking community, to adaptively reuse the property for "Waterfront Compatible" purposes. 4) Salem could designate the area an urban renewal area, and through the City's Redevelopment Authority work with private owners or seek a prospective developer for the area in part or in its entirety.' (The City's present Urban Renewal Area extends to Derby Street already) .' B4. FINANCING TO DATE C.Z.M. - $30,000. . . . . . . . . . . ..Nathaniel .Bowditch Park Local - $ 5,000. . . . . . . . . . . . .Report, Plans and Brochure Local In-Kind: Services $3,719 C.D.G.B. $25,000. . . . . . . .. . . . . . . .Two Appraisals on 16 Properties -4- Engineers and Fnvironmenial Planners TO: Gerard Kavanaugh City Planner FR: Ronald Tiberi/William J. Rizzo, Jr. Rizzo Associates RE: Direction Reversal of Essex St. Salem, MA DT: February 25, 1985 ----------------------------------------------------------------- This preliminary study was initiated to identify potential traffic impacts in downtown Salem, MA due to the changing of direction of one way Essex Street to and from Washington Street to North Street. The two primary intersections affected are Essex Street/Summer Street/North Street, and Essex Street/Washington Street. Traffic flow is predicted to increase as the change is implemented, primarily due to the fact that Essex Street will now become a direct route from northbound and eastbound approaches to downtown Salem. Essex/Summer/North Streets The potential of increased traffic flow eastbound from Essex Street thru the intersection, combined with the existing heavy traffic volumes on Route 114 will seriously impact on this intersection. Traffic signals may become a necessary means to mitigate long delays regardless of existing stop sign controls. Channelization and some minor widening of all approaches will also become necessary (see Figure 1) . Essex/Washington Streets Essex Street and Washington Street intersection will also experience increased delays with the likely increase of traffic with downtown destinations routed thru this area. Under existing conditions both Washington Street approaches are congested during peak hours. Washington Street northbound now exists as a left turn lane with a thru lane and recessed parking. With the elimination of the left turn movement , this traffic will be forced to funnel down from two lanes into one lane , as they cross the intersection. Washington Street southbound exists as a single lane approach, and shall remain the same. r Engineers and Environmental Planners Essex Street approach will consist of two movements. A potential for long delays will occur primarily on the left turn movement, and delays with the right turn movement may be rather long , with the heavy flow at Washington Street traffic and the existing single lane to merge into. Measures to mitigate impact are the same as the intersection of North/Summer/Essex Streets (see Figure 2) . Furthermore, if signalization is imposed traffic markings and parking restrictions on Washington Street will become more extensive in order to funnel traffic northbound; also no free right turn should be allowed on Essex Street. This will allow traffic southbound on Washington Street to flow uninterrupted. Summary In summary, the reversal of Essex Street ' s one way direction is apparently feasible, with the following measures taken to mitigate impact: 1. Traffic signals at both affected intersections 2 . Pavement markings and minor roadway widenings will be required at intersections and Washington Street north of Essex Street 3 . Elimination of parking on northerly side of Essex Street between North Street and Washington Street . Also the elimination or restriction of parking at all approaches to the affected intersections and in areas of Washington Street north of Essex Street. It should be noted that these analyses are conducted on a conceptual level based on observation and operation. A more detailed analysis including traffic counts and turning movement capacities, will be required to justify impacts and suggested improvements. f Engineers and Environmental Planners - 91 - 492 0940 ! 1 N IN 44 :E r\ ION P L 5476 i 3/90, 490 S A L E �f?c r oz 489 I � T Y. M . c 138 43E Req.v ✓.TCh 523 NouS49 30. PAe�ri�v(n 4-29i 4 `i 7 SRC 1/ ST ia(i :5 65 9 5g_� oh �artxlNy J �` 458 k � lo r. i 456 -459 -. t. 4 E9 3 60 468 r, _ = 1 PARKIN 461 FIGURE A) E�SEx�N�2T�Jl -5J✓�i M FiQ. �e0PCsFD CH A-kJES N Engineers and 6nuironmental Planners 94 15 A C I TY hAL� 28TO9 � 1. 605 ��5f�r«t, lLr 20 � 4 12to 14 PaeK1N — 28 63 a« � 381E so Mert2ED F'�RKrti1G "l - - r}AL�- SIGn1Al� 4G.Ffs'S �Lt5 UN W/+ y 71 39 m g2 • Si404C. Uta4TS 7 254 5629 �Es��r Ro&Jn)G I G �x,sT L/ 'v TdF_TF_l_E 5— c 255 s .MG rg-.0 ) -4 7982 PuKe ti<. - 3 4 2G2 W RI FIGURE 2. i2s��rory 3> L�ASKruGTON/ �ss�r N sG. RECEIVED GEORGE P. VALLIS ATTORNEY AT LAW FEB 81��5 �. ONE CHURCH STREET SALEM. MASSACHUSETTS 01970 SALEM PLANNING DEPT. 1617) 745-0500 February 4, 1985 Salem Redevelopment Authority One Salem Green Salem, MA 01970 Re: Compensation for Professional Services FOR PROFESSIONAL SERVICES RENDERED Professional services rendered in accordance with Contract dated August 16, 1971, in connection with following disposition parcels: 1. Parcel RC-10 (Russell Kiernan) - $ 800.00 DISBURSEMENTS: Certified copies of various documents and plans 33.00 Recording certified copies with Land Court 65.50 Filing Fee for Petition in Land Court 46.00 Recording Plan and Deed to City of Salem (Portion of Liberty Street) 55.00 2. Parcel RC-11F (William Carmen, et al) 300.00 3. Parcel RC-11E (Ingemi) 300.00 $1,599.50" co; CC M* ALTH Dr MASSACHUSETTS =vD COURT DEPASYlY+LE1n OF THE TRIAL COURT CASE NO. 2568-5 (SEAL) Upon the petition of Salem Redevelopment Authority, a body politic and corporate, organized and existing under the laws of the Coaamnwealth of Massachusetts and having its usual place of business in Salm, Essex County, Massachusetts, alleging that: 1. Certificate of Title No. 39236 issued by the Southern Registry District of Essex County stands in the name of Salem Redevelopment Authority, 2. There is noted on the encirrbrance sheet of Certificate of Title No. 39236 Document No. 1.95140 being an 0rder of Taking. Locus is described as Block, 8, Parcel 1, in said Order of Taking and is shown on a plan recorded with said Registry of Deeds in Plan Book 117, Plan 60. 3. That ownership of said parcel was also acquired by the Petitioner as a result of a Deed from Donald E. Bixby and Florence Bixby, dated ."ay 14, 1969, and recorded as Docmient No. 131028. 4. That as a result of said taking and acquisition 1--, Deems', the Petitioner, pursuant to its pro-mess under the pro✓isions of The Fiousinq and Urban Renewal Law of the Cw= nwealth of Massachusetts, G.L. Chapter 121B did relocate Liberty Street by demolishing the building that was previously situated on said parcel of registered land and by widening the old street line of Liberty Street as was previously shown on Plan. No. 2568-A. 5. That the Petitioner then conveyed and released all of its right, title and interest into the City of Salem of the new layout of said Lil�rty Street which conta4.^.--,1 a portion of the said registered parcel of la.-6 by Document No. 1951x_ . 6. Petitioner Las caused to be filed with the- Engineering Departzent of the Land Court in Boston Plan Nb. 2568-8. 7. Said Plan delineates the subdivision of land shown on Land Court Plan No. 2568-A into two lots to be numbered 1 and 2 on Plan No. 2568-B. Petitioner prays that Plan No. 2568-5 be approved. After due proceedings, it is CRD FJ: that Plan No. 2568-B be and is hereby approved. Said Plan No. 2568-8 -Iineates said subdivision and the layout of Liberty Street. FMTHcM ORDERED: that tt- lines of Liberty Street be established as sham on said plan. By the Court. (Sullivan, J.) Attest: JEANNF. M. MAIDNEY DEPUTY RECORDER Dated: September 13, 1984 hIDC/ml I i i I D E E D i i SALEM REDEVELOPMENT AUTHORITY, a public body politic and corporate, duly organized and existing pursuant to the General Laws of Massmh omenal ' having its office in Salem, Essex County , Massachusetts , �tax'/consideration 7(�1t7X7BBBBtdt$ #tBB��B grants to RUSSELL KIERNAN, of 127 Essex Street, Salem, Massachusetts , with QUITCLAIM COVENANTS , all the right, title and interest in and to the following land: A certain parcel of land, situated on Essex Street, in the City of Salem, County of Essex, bounded and described as follows: i I E NORTHERLY b Essex Street thirty-six y-six and 44/100 m ( 36 . 44) feet; +; v EASTERLY by land now or formerly of Benjamin Axelrod, ,4 et al.i , eighty-nine and 85/100 ( 89 . 85) feet; m x m SOUTHERLY by land now or formerly of Hannah J . O' Connor, w forty-two and 26/100 (42. 26) feet; N WESTERLY by land now or formerly of Salem Redevelopment Authority, now being Liberty Street, shown as Q Lot 2 , on plan hereinafter referred to, twenty- five and 46/1-00 (25 . 46) feet; w w NORTHERLY by other land now or formerly of Salem Redevelopment Authority , nine and 82/100 H (9 . 82) feet; Z w a ° WESTERLY by other land now or formerly of Salem Redevelopment Authority, fifty-nine and 47/100 (59 . 47) feet. Said premises containing 3, 184 square feet of land according to plan hereinafter referred to. i The above-described parcel is shown as Lot 1 on a plan entitled, "Plan of Land in Salem, Scale : l" = 7.0 ' , dated May 4 , 1984 , Essex ' Survey Service, Inc. , Registered Land Surveyors" and beinq a subdivision of Land Court Plan numbered 2568A filed with Cert.i- ficate of Title No. 619 . For title reference, see Deed of Donald E. Bixby, et al , dated May 14 , 1969 , recorded as Document No. 131028; see also Order of Taking recorded as Document No. 195140 , as noted on Certificate: of Title No. 39236 . BAND OOtIA°fl. OOSPOtB, lea hnd // <6//J G� pps nvv /1 su/9 herein describe r e;P-4 �/ / our 4 r�v=4 rn follow as �Y/D✓ !� /fP//t'�/O?.� u�� SEP 21 1984 Plan ;�J�27'�tpt (Examined as toYig�d do6B , / Tell i. it I -2- This Deed is made and executed upon and is subject to certain express conditions and covenants, said conditions and covenants being a part of the consideration for the property hereby conveyed and are to be taken and construed as running with the land and upon the continued observance of which and each of which, with the sole exception of covenants numbered FIRST and FIFTH, the con- tinued existence of the estate hereby. granted shall depend, and �! the Grantee hereby binds himself and his successors, assigns, grahtees , and lessees forever to these covenants and conditions �I which covenants and conditions are as follows : (i FIRST : The Grantee shall devote the property hereby con- veyed only to the uses specified in the applicable provisions of the Urban Renewal Plan or approved modifications thereof; subject ( to the provisions in covenant numbered THIRD. ++i I` SECOND: The Grantee shall pay real estate taxes or assess- ments on the property hereby conveyed or any part thereof when i! due and shall not place thereon any encumbrance or lien other than f for temporary and permanent financing of construction of the Improvements on the property hereby conveyed as provided for in the Construction Plans, approved by the Grantor in accordance with Section 8 (11) of the Contract of Sale dated the 28th day of i( June, 1978 , between the parties hereto, (hereinafter referred to as the "Contract of Sale") which Contract of Sale is on file in the office of the City Clerk of the City of Salem, and for additional funds, if any, in an amount not to exceed the consider- ation herein specified, and shall not suffer any levy or attach- ment to be made or any other encumbrance or lien to attach until the Grantor certifies that all building construction and other physical improvements specified to be done and made by the Grantee have been completed; THIRD : The Grantee shall commence promptly the construction of the aforesaid Improvements on the property hereby conveyed in accordance with the said Contract of Sale and shall prosecute diligently the construction of said Improvements to completion: Provided, that in any event, construction shall commence on or bef— ore7�ugust 15, 1978, and shall be substantially completed within twelve (12) months from the commencement of such construction and in accordance with Section 4 of the Contract of Sale dated the 28th day of June, 1978 . FOURTH: Until the Grantor certifies that all the aforesaid i! Improvements specified to be done and made by the Grantee have II been completed, the Grantee shall have no power to convey the property hereby conveyed or any part thereof without the prior written consent of the Grantor except to a Mortgagee or Trustee I under a Mortgage or Deed of Trust permitted by this Deed, and, �i except as security for obtaining financing permitted by this Deed, there shall be no transfer , and the Grantee shall not permit any transfer, by any party, owning ten percent or more of the stock of the Grantee of such stock, nor shall there be, or be suffered (I to be by the Grantee, any other similarly significant change in -3- the ownership of such stock or in the relative distribution there- of, or with respect to the identity of the parties in control of the Grantee of the degree thereof , by any other method or means , including, but not limited to, increased capitalization, merger , corporate or other amendments , issuance of additional or new stock or classification of stock, or otherwise; FIFTH: The Grantee agrees for himself and any successors in interest not to discriminate upon the basis of race, color , sex religion, or national origin in the sale, lease , or rental or in the use or occupancy of the property hereby conveyed or any part thereof or of any Improvements erected or to be erected thereon or any part thereof. The covenants and agreements contained in the covenant numbered FIRST shall terminate on March 23, 2012. The covenants and agreements contained in covenants numbered SECOND, THIRD, and FOURTH shall terminate on the date the Grantor issues the Certifi- cate of Completion as herein provided except only that the termina tion of the covenant numbered SECOND shall in no way be construed to release the Grantee from its obligation to pay real estate taxee or assessments on the property hereby conveyed or any part thereof. The covenant numbered FIFTH shall remain in effect without any limitation as to time. In case of the breach or violation of any one of the cove- nants numbered SECOND, THIRD and FOURTH at any time prior to the time the Grantor certifies that all building construction and other physical improvements have been completed, and in case such breach or such violation shall not be cured, ended or remedied within 60 days after written demand by the Grantor so to do with respect to covenant numbered FOURTH and three (3) months after written demand by the Grantor so to do with respect to covenants numbered SECOND and THIRD (Provided, that a breach or violation with respect to the portion of covenant numbered THIRD, dealing with completion of the Improvements may be cured, ended or reme- died within six (6) months after written demand by the Grantor so to do) or any further extension thereof that may be granted by the Grantor in its sole discretion, then all estate , conveyed under this Deed, shall cease and determine, and title in fee simple to the same shall revert to and become revested in the Grantor, or its successors or assigns, and such title shall be revested fully and completely in it, and the said Grantor, its successors or assigns , shall be entitled to and may of right enter upon and take possession of the said property: Provided, that any such revesting of title to the Grantor: (1) Shall always be subject to and limited by, and shall not defeat, render invalid, or limit in any way i (i) the lien of any mortgage or Deed of Trust permitted by this Deed; and (ii) any rights or interests provided in the Contract of Sale for the protection of the trustees of �I any such Deed of Trust or the holders of any such mortgage; and (2) In the event that title to the said property or part' thereof shall revest in the Grantor in accordance with the provisions of this Deed, the Grantor shall pursuant to its responsibilities under applicable law I I -4- 1 use its best efforts to resell the property or part thereof (subject to such mortgage liens as herein- before set forth and provided) as soon and in such manner as the Grantor shall find feasible and consis- tent with the objectives of such law, and of the Urban Renewal Plan, to a qualified and responsible party or parties (as determined by the Grantor) who will assume the obligation of making or completing the Improvements or such other improvements in their stead as shall be satisfactory to the Grantor and in accordance with the uses specified for the above described property or any part thereof in the Urban Renewal Plan. Upon such resale of the property the proceeds thereof shall be applied: I FIRST : to reimburse the Grantor , on its own behalf or on behalf of the City of Salem for all costs and expenses incurred by the Grantor including, but not limited to, salaries of personnel in connection with the recapture , management and resale of the property or part thereof (but less any income derived by the Grantor from the property or part thereof in connec- tion with such management) ; all taxes, assessments , and water and sewer charges with respect to the pro- perty or part thereof; any payments made or necessary to be made to discharge any encumbrances or liens existing on the property or part thereof at the time f of revesting of title thereto in the Grantor or to I" discharge or prevent from attaching or being made any II subsequent encumbrances or liens due to obligations, defaults , or acts of the Grantee, hissuccessors , or transferees; and expenditures made or obligations incurred with respect to the making or completion of the Improvements or any part thereof on theproperty or part thereof; and any amounts otherwise owing the Grantor by the Grantee and his successors or trans- ferees ; and l SECOND: to reimburse the Grantee , his successors or transferees up to an amount equal to the sum of the purchase price paid by him for the property (or allo- cable to the part thereof) and the cash actually i invested by him in making any of the Improvements on the property or part thereof, less any gains or �i income withdrawn or made by himfrom this conveyance or from the property. Any balance remaining after such reimbursements shall be retained by the Grantor. I! The Grantor shall be deemed a beneficiary of covenants Ij numbered FIRST through FIFTH, and the United States shall be li deemed a beneficiary of the covenant numbered FIFTH, and such covenants shall run in favor of the Grantor and the United States (I for the entire period during which such covenants shall be in force and effect, without regard to whether the Grantor and the IUnited States is or remains an owner of any land or interest therein to which such covenants relate. As such a beneficiary, the Grantor, in the event of any breach of any such covenant, and �I I; i f -5- the United States in the event of any breach of the covenant numbered FIFTH, shall have the right to exercise all the rights and- remedies, and to maintain any actions at law or suits in equity or other proper proceedings to enforce the curing of such breach, to which beneficiaries of such covenant may be entitled. Promptly after the completion of the above-mentioned Im- provements in accordance with the provisions of the Construction Plans , the Grantor will furnish the Grantee with an appropriate iinstrument so certifying in accordance with the terms of the Con- tract of Sale. Such certification (and it shall be so provided I in the certification itself) shall be a conclusive determination f of satisfaction and termination of the agreements and covenants I� in the Contract of Sale and in this Deed obligating the Grantee and his successors and assigns , with respect to the construction of the Improvements and the dates for beginning and completion thereof: Provided, that if there is upon the property a mortgage insured, or held or owned, by the Federal Housing Administration. and the Federal Housing Administration shall have determined that all buildings constituting a part of the Improvements and covered by such mortgage are, in fact, substantially completed in accord- ance with the Construction Plans and are ready for occupancy, then in such event, the Grantor and the Grantee shall accept the determination of the Federal Housing Administration as to such completion of the construction of the Improvements in accordance with the Construction Plan, and, if the other agreements and cove- nants in the Agreement obligating the Grantee in respect of the construction and completion of the Improvements have been fully satisfied the Grantor shall forthwith issue its certification and such determination shall not constitute evidence of compliance with or satisfaction of any obligation of the Grantee to any holder of a mortgage, or any insurer of a mortgage, securing money loaned to finance the Improvements , or any part thereof. The certification provided for in the paragraph next above shall be in such form as will enable it to be recorded in the proper office for the recordation of deeds and other instru- ments pertaining to the property hereby conveyed. If the Grantor shall refuse or fail to provide such certification, the Grantor shall , within thirty (30) days after written request by the Grantee provide the Grantee .with a written statement, indicating in what respects the Grantee has failed to duly complete said Improvements and what measures or acts will be necessary, in the opinion of the Grantor , for the Grantee to take or perform in order to obtain such certification. The Grantor certifies that all conditions precedent to the valid execution and delivery of this Quitclaim Deed on its part have been complied with and that all things necessary to constitute this Quitclaim Deed, its valid, binding and legal agreement on the terms and conditions and for the purposes set forth herein have been done and performed and have happened, and that the execution and delivery of this Quitclaim Deed on its part have been and are in all respects authorized in accord- ance with law. The Grantee similarly certifies with reference I 1� I, r -6- to its execution and delivery of this Quitclaim Deed. I WITNESS the execution hereof this 26th day of September, 1984. W ESS SALEM REDEVELOPMENT AUTHORITY By JO BO ,AU, Chairman WITNESS : i I COMMONWEALTH OF MASSACHUSETTS Essex, ss . September 26, 1984 i Then personally appeared the above-named Joan Boudreau, i Chairman as aforesaid, and acknowledged the foregoing instrument to be the free act and deed of the Salem ted velopment Authority. I Y GEORGE P. VALLIS. NOTARY PUBLIC MY COMMISSION EXPIRES JAN. 19, 1990 i ¢ � � >x fi '"ate x s kR ,.�21�' 3 u.f �r:. r k t 's- ♦ rT, v � a Fzs , kR4'lu sg, •..z a . y x .tu uc w,rf s�1• '� ,---'s £�� �r'"5'..v�+` , � mx .�fi'€„'� f , � r>3 "� tz e•' + t. 1 � f 'a"'"g. "„" �#'„ ' •, ;. r �."- y '�'{,� ties � .♦ T}, � '�'- }}�. F„ i .ry PALf FLAW D E I: D SALEM REDEVELOPMENT AUTHORITY , a public body politic and corporate , duly oryanized and existing pursuant to the General Laws of Massachusetts , havi.nq its office in Salem, Essex County , Massachusetts , in consideration of Ten Thousand Five Hundred ($10 , 5(Yb. 00) Dollars , paid , qrants to RUSSELL KIERNAN, of 127 Essex Street , Salem, Massachusetts , with QUITCLAIM COVENANTS , all the right , title and interest in and to the following land : A certain parcel of land , situated on Essex Street , in the City of Salem, and being shown as Lot RC-10 , on a plan entitled "Property Plan Project No . Mass . R-95 , Heritage Plaza East , Salem Redevelopment Buthor.ity , Salem, Mass . , Scale : 1" = 10 ' , dated October 13 , 1972 , Whitman & Howard , Inc . , Engineers and Architects" bounded and described as follows : NORTHERLY by Essex Street , on two (2) courses , forty- one and 52/1.00 (41 . 52) feet; EASTERLY by land now or formerly of Benjamin Axelrod , et al , eiqhty-nine and 85/100 (89 . 85) feet; SOUTHERLY by other Land now or formerly of Benjamin Axelrod , et al , forty-two and 38/100 (42 . 38) feet ; WESTERLY by land of the Salem Redevelopment Authority , shown as Parcel P-8 on said plan , eighty-four and 18/100 (84 . 18 ) leet . Containing 3 , 630 square feet of land according to said plan. I Included in the above described parcel of. land is a portion of registered land being a subdivision of land shown upon plan numbered 2568-A, as noted on Certificate of Title No. 61.9 filed in the Land Registration Office and bounded and described as follows : NORTHERLY by Essex Street, thirty-six and 44/100 ( 36 .44 ) feet ; EASTERLY by land now or formerly of Walter. F. Peck , eighty-nine and 85/100 (89 . 85) feet ; I I' SOUTHERLY by land now or formerly of Hannah J . O ' Connor , forty-two and 38/100 (42 . 38) feet ; WESTERLY by land now or formerly of Salem Redevelopment Authority , twenty-five and 47/100 (25 . 47) feet; NORTHERLY by other land now or formerly of the Salem Redevelopment Authority, nine and 95/1,00 (9 . 95) feet; WESTERLY by other land now or formerly of the Salem Redevelopment Authority , fifty-nine and 47/100 (59. 47) feet . A BOtlh; i 24%, PAGt. 364 -2- Said premises containing 3 ,187 square feet of land. For title reference, see Order of Taking, recorded with Essex South District Registry of Deeds , on November 22 , 1972 , in Book 5927 , Page 447 . This Deed is made and executed upon and is subject to certain express conditions and covenants , said conditions and covenants being a part of the consideration for the property hereby conveyed and are to be taken and construed as running with the land and upon the continued observance of which and each of which, with the sole exception of covenants numbered FIRST and FIFTH, the continued existence of the estate hereby granted shall depend , and the Grantee hereby binds himself and his successors , assigns , grantees and lessees forever to these covenants and conditions which covenants and conditions are as follows : FIRST : The Grantee shall devote the property hereby conveyed only to the uses specified in the applicable provisions of the Urban Renewal Plan or approved modifications thereof ; subject to the provisions in covenant numbered THIRD. SECOND: The Grantee shall pay real estate taxes or assessments on the property hereby conveyed or any part thereof when due and shall not place thereon any encumbrance or lien other than for temporary and permanent financing of construction of the Improvements on the property hereby conveyed as provided for in the Construction Plans , approved by the Grantor in accor- dance with Section 8 (11) of the Contract of Sale dated the 28th day of June , 1978 , between the parties hereto , (hereinafter referred to as the "Contract of Sale") which Contract of Sale is on file in the office of the City Clerk of the City of Salem, and for additional funds , if any, in an amount not to exceed the consideration herein specified , and shall not suffer any levy or attachment to be made or any other encumbrance or lien to attach until the Grantor certifies that all building construction and other physical improvements specified to be done and made by the Grantee have been completed; THIRD: The Grantee shall commence promptly the construc- tion of the aforesaid Improvements on the property hereby conveyec j in accordance with the said Contract of Sale and shall prosecute diligently the construction of said Improvements to completion : Provided, that in any event, construction shall commence on or before August 15 , 1978 , and shall be substantially completed within twelve (12) months from the commencement of such construc- tion and in accordance with Section 4 of the Contract of Sale dated the 28thday of June, 1978 . FOURTH : Until the Grantor certifies that all the afore- said Improvements specified to be done and made by the Grantee r have been completed, the Grantee shall have no power to convey the property hereby conveyed or any ,part thereof without the prior written consent of the Grantor except to a Mortgagee or Trustee under a Mortgage or Deed of Trust permitted by this Deed, and, except as security for obtaining financing permitted by this Deed, there shall be no transfer, and the Grantee shall not permit any transfer, by any party, owning ten ( 10%) percent or more of the stock of the Grantee of such stock, nor shall ther( i w `,.t. 'xTM r�1ti e�ky+.r�" *�..�.n.. e.�......w.tew.a ".�"."""'°"""o""':"'"' r g . •�..-v-« �.. ia6a'&iL:> b . „ r -3- I be, or be suffered to be by the Grantee, any other similarly significant change in the ownership of such stock or in the relative distribution thereof, or with respect to the identity of the parties in control of the Grantee a tee of the degree i g ee thereof, by any other method or means , including, but not limited to, increased capitalization, merger, corporate or other amendments , issuance of additional or new stock or classification of stock , or otherwise ; FIFTH: The Grantee agrees for himself and any successors in interest not to discriminate upon the basis of race, color , sex, religion, or national origin in the sale , lease , or rental or in the use or occupancy of the property hereby conveyed or any part thereof or of any Improvements erected or to be erected thereon or any part thereof. The covenants and agreements contained in the covenant numbered FIRST shall terminate on March 23 , 2012. The covenants and agreements contained in covenants numbered SECOND, THIRD, and FOURTH shall terminate on the date the Grantor issues the Certi- ficate of Completion as herein provided except only that the ter- mination of the covenant numbered SECOND shall in no way be con- strued to release the Grantee from its obligation to pay real estate taxes or assessments on the' property hereby conveyed or any part thereof. The covenant numbered FIFTH shall remain in effect without any limitation as to time. In case of the breach or violation of any one of the cove nants numbered SECOND, THIRD, and FOURTH at any time prior to the time the Grantor certifies that all building construction and other physical improvements have been completed , and in case such breach or such violation shall not be cured, ended or remedied within sixty (60) days after written demand by the Grantor so to do with respect to covenant numbered FOURTH and three (3) months after written demand by the Grantor so to do with respect to covenants numbered SECOND and THIRD (Provided, that a breach or violation with respect to the portion of covenant numbered THIRD, dealing with completion of the Improvements may be cured, ended or remedied within six (6) months after written demand by the Grantor so to do) or any further extension thereof that may be granted by the Grantor in its sole discretion, then all estate, conveyed under this Deed , shall cease and determine , and title f in fee simple to the same shall revert to and become revested in. the Grantor, or its successors or assigns , and such title shall be revested fully and completely in it, and the said Grantor, its successors or assigns , shall be entitled to and may of right enter upon and take possession of the said property : Provided, that any such revesting of title to the Grantor : (1) Shall always be subject to and limited by , and shall not defeat, render invalid, or limit in any way (i) the lien of any mortgage or Deed of Trust permitted by this Deed; and i (ii) any rights or interests provided in the Contract of Sale for the protection of the trustees of any such Deed of Trust or the holders of any such mortgage ; and II e i 1 ,.. 'y qW.. y,g� a ar t�" a A"`h,+ at+• v �' � '` P `E;r xek ,� 1 -f�Rx M1' k .h. ... 4{. .4A n. kd • Rnor,7?_4%? rnc(. 366 4- (2) In the event that title to the said property or part thereof shall revest in the Grantor in accordance with the provisions of this Deed, the Grantor shall pursuant to its responsibilities under applicable law use its best efforts to resell the property or part thereof (subject to such mortgage liens as hereinbefore set forth and provided) as soon and in such manner as the Grantor shall find feasible and consistent with the objectives of such law, and of the Urban Renewal Plan, to a qualified and respon- sible party or parties (as determined by the Grantor) who will assume the obligation of making or complet- ing the Improvements or such other improvements in their stead as shall be satisfactory to the Grantor and in accordance with the uses specified for the above described property or any part thereof in the Urban Renewal Plan. Upon such resale of the property the proceeds thereof shall be applied : FIRST : to reimburse the Grantor, on its own behalf or on behalf of the City of Salem for all costs and expenses incurred by the Grantor including , but not limited to, salaries of personnel in connection with the recapture , management and resale of the property or part thereof (but less any income derived by the Grantor from the property or part thereof in connec- tion with such management) ; all taxes , assessments , and water and sewer charges with respect to the pro- perty or part thereof; any payments made or necessary to be made to discharge any encumbrances or liens existing on the property or part thereof at the time of revesting of title thereto in the Grantor or to discharge or prevent from attaching or being made any subsequent encumbrances or liens due to obligations , defaults , or acts of the Grantee, his successors, or transferees ; and expenditures made or obligations incurred with respect to the making or completion , of. � the Improvements or any part thereof on the property or part thereof; and any amounts otherwise owing the Grantor by the Grantee and his successors or trans- ferees'; and SECOND: to reimburse the Grantee , his successors or transferees up to an amount equal to the sum of the purchase price paid by him for the property (or allocable to the part thereof) and the cash actually invested by him in making any of the Improvements on the property or part thereof , less any gains or income withdrawn or made by him from this conveyance ! or from- the property. Any balance remaining after such reimbursements shall be retained by the Grantor. The Grantor shall be deemed a beneficiary of covenants numbered FIRST throuqh FIFTH, and the United States shall be deemed a beneficiary of the covenant numbered FIFTH , and such covenants shall run in favor of the Grantor and the United States for the entire period during which such covenants shall be in i anor•'72�1%' PncE 367 Yi I i force and effect, without regard to whether the Grantor and the United States is or remains an owner of any land or interest therein to which such covenants relate . As such a beneficiary, the Grantor, in the event of any breach of any such covenant, and the United States in the event of any breach of the covenant numbered FIFTH, shall have the right to exercise all the rights and remedies , and to maintain any actions at law or suits in equity or other proper proceedings to enforce the curing of such breach, to which beneficiaries of such covenant may be entitled. it Promptly after the completion of the above-meptioned Improvements in accordance with the provisions of the Constructio Plans, the Grantor will furnish the Grantee with an appropriate instrument so certifying in accordance with the terms' of the Con- tract of Sale. Such certification (and it shall be so provided in the certification itself) shall . be a conclusive determination of satisfaction and termination of the agreements and covenants in the Contract of Sale and in this Deed obligating the Grantee and his successors and assigns , with respect to the construction of the Improvements and the dates for beginning and completion thereof : Provided, that if there is upon the property a mortgage insured, or held or owned, by the Federal Housing Administration and the Federal Housing Administration shall have determined that all buildings constituting a part of the Improvements and covered by such mortgage are , in fact, substantially completed in accord- ance with the Construction Plans and are ready for occupancy,' then in such event , the Grantor and the Grantee shall accept the determination of the Federal Housing Administration as to such completion of the construction of the Improvements in accordance with the Construction Plan, and, if the other agreements and cove- nants in the Agreement obligating the Grantee in respect of the construction and completion of the Improvements have been fully satisfied the Grantor shall forthwith issue its certification and such determination shall not constitute evidence of compliance with or satisfaction of any obligation of the Grantee to any holder of a mortgage , or any insurer of a mortgage , securing money loaned to finance the Improvements, or any part thereof . The certification provided for in the paragraph next above shall be in such form as will enable it to be recorded in the proper office for the recordation of deeds and other instru- ments pertaining to the property hereby conveyed. If the Grantor shall refuse or fail to provide such certification, the Grantor shall , within thirty (30) days after written request by the Grantee provide the Grantee with a written statement,, indicating in what respects the Grantee has failed to duly complete said Improvements and what measures or acts will be necessary , in the opinion of the Grantor, for the Grantee to take or perform in order to obtain such certification. 1. The Grantor certifies that all conditions precedent to the valid execution and delivery of this Quitclaim Deed on its part have been complied with and that all things necessary to constitute this Quitclaim .Deed, its valid, binding and legal agreement on the terms and conditions and for the purposes set forth herein have been done and performed and have happened, and that the execution and delivery of this Quitclaim Deed on its part have been and are in all respects authorized in accord- ance with law. The Grantee similarly certifies with reference 77777-771, 7 111!1111111 m, ,,.;Wt - .l' .- -.� •rd`. �,�s F.. _ _2aA. .....aa4 . __"�4ra. '.:s"1':' �.' t t t ' g N °1}G4klfttl . I b001'.i 2 ! PAGE -6- to its execution and delivery of this Quitclaim Deed WITNESS the execution hereof this 2nd ' day WITN SS " n3>v w 5 SALEM REDEVELOPMEN k W-.4. y BY f RUSSELL KIERNAN COMMONWEALTH OF MASSACHUSETTS � Essex, ss. August 2 , 1978 Then personally appeared the above-named Dominic R. Marraffa Chairman, and acknowledged the foregoing instrument to be the free act and deed of the Salem Redevelopment Authority, before me , I I i $F'} 'Ir' tt yy. "kh ;1:7 .11-1� t d 0 EORGE P. VALLIS r' !'�f",'� „sC� ; 1S. t ,a:l. NOTARY PUBLIC tt{{ �i';���� t MY COMMISSION EXPIRgp j DEC. 10, 1882 ' I Essex es. RECORDED_,b 1Y 83 --k-ApgST _C . IDST 377 i ` I ii I I I � I ^ I MASSACHUSETTS QUITCLAIM DEED Sy CORPORATION (SHORT FORM) 684 SALEM REDEVELOPMENT AUTHORITY, a corporation duly established under the laws of the Commonwealth of Massachusetts, and having its usual place of business at One Salem Green, Salem, Essex County,Massachusetts nominal for,tonsideration paid,anddadulkwuddumianxi ltants to CITY OF SALEM a municipal corporation established and existing under the aws of the Commonwealth of Massachusetts, having its usual place of business at 93 Washington Street, Salem, MA. 11111� with gnitrinitn ravennnfn �I tmCll xi*xl* A certain parcel of land, situated on Liberty Street, City of Salem, County of Essex, bounded and described as follows: NORTHERLY by a line in Liberty Street, twenty-eight and 64/100 (28.64) feet; EASTERLY by land now or formerly of.Salem Redevelopment Authority, twenty- five and 46/100 (25.46) feet, being Lot 1 on plan hereinafter referred to; SOUTHERLY by a line in Liberty Street, twenty-eight and 46/100 (28.46) feet; WESTERLY by a line in Liberty Street, twenty-five and 55/100 (25.55) feet. The above-described parcel is shown as Lot 2 on a plan entitled, "Plan of Land in Salem, Scale: 1" = 20' , dated May 4, 1984, Essex Survey Service, Inc. , Registered Land Surveyors" and being a subdivision of Land Court Plan numbered 2568A filed with Certificate of Title No. 619. e For title reference, see Deed of Donald E. Bixby, et al, dated May 14, 1969, ,1 recorded as Document No. 131028; see also Order of Taking recorded as Document m No. 195140, as noted on Certificate of Title No. 39236. In ++ v it to H y 1[Y$ ut n.p, lrfgexrof, the said Salem Redevelopment Authority, 4Jhas caused its corporate seal to be hereto affixed and these presents to be signed, acknowledged and v A delivered in its name and behalf by Joan Boudreau, I its Chairman hereto duly authorized, this 26th o day of September in the year one thousand nine hundred and eighty-four. w SOnd seale in presence of ............................................................................................................................... Ha SALEM,_REDEVELOPMENT AUTHORITY .. ..... .... . .. .. ..... .................. ................ ....................................................................:. o by ��a JO UDREAU, Chairman u7hr hCntnntnntuen[tll of ffinnnnxllnnefYn Essex, ss. September 26, 1984 Then personally appeared the above named Joan Boudreau, Chairman as aforesaid, and acknowledged the foregoing instrument to be the free act d of Salem Redevelopment Authority, before me t ......................... ........ ...... ... .hy .................................................. Notblic--justice-of+he-Peau GEORGE P. VALLIS My commission expires NOTARY PUBLIC Is\, MY COMMISSION EXPIRES CHAPTER 183 SEC. 6 AS AMENDED BY CHAPTER 497 OF 1969 JAN. 19, 1990 Every deed presented for record shall contain or have endorsed upon it the full name, residence and post office address of the grantee and a recital of the amount of the full consideration thereof in dollars or the nature of the other consideration therefor, if not delivered for a specific monetary sum. The full consideration shall mean the total price for the conveyance without deduction for any liens or encumbrances assumed by the grantee or remaining thereon.All such endorsements and recitals shall be recorded as part of the deed. Failure to comply with this section shall not affect the validity of any deed. No register of deeds shall accept a deed for recording unless it is in compliance with the requirements of this section. l— 6 THE FOLLOWING IS NOT A FART OF THE DEED, AND IS NOT TO RE RECORDED) '? CHAPTER 183, SECTION 11, GENERAL LAWS A deed in substance following the form entitled "Quitchum Deed" shall when duly executed have the force and effect of a deed in fee simple to the grantee, his heirs and assigns, to his and their own use, with covenants on the part of the grantor, for himself, his heirs, executors, administrators and successors, with the grantee, his heirs, successors and assigns, that at the time of the delivery of such deed the premises were free from all encumbrances made by him, and that he will, and his heirs, executors and administrators shall, warrant and defend the same to the grantee and his heirs and assigns forever against the lawful claims and demands of all persons claiming by, through or under the grantor,but against none other. 24 ro nM � ` o n 1D 4. N ° < a In rN > D n °• t = 3 m T 06 o mmm mcn o y d K , > s m w ip D C) rn y �° 0. n. K o � 4t, N A a 0 n ,O M . . ° E. r to = Is > .n o 7 � .. , O ro O . S . In V N Z 0 Z Cm7 H C t" 000 0 � i A r H N 0. r (Please print or type) F I � 07201 3 D E E D SALEM REDEVELOPMENT AUTHORITY, a public body politic and corporate, duly organized and existing pursuant to the General Laws of Massachusetts, having its office in Salem, Essex County, Massachusetts, in consideration of One Thousand ($1,000.00) Dollars paid, grants to WILLIAM CARMEN and BEVERLY E. CARMEN, husband and wife, as joint tenants, of 16 Dartmouth Street, West Newton, Massachusetts with QUITCLAIM COVENANTS, all its right, title and interest in and to a certain parcel of real estate more particularly described in Schedule "A" annexed hereto and made a part hereof. This Deed is made and executed upon and is subject to certain express conditions and covenants, said conditions and covenants being a part of the consideration for the property hereby conveyed and are to be taken and con- strued as running with the land and upon the continued observance of which and each of which, with the sole exception of covenants numbered FIRST and FIFTH, the continued existence of the estate hereby granted shall depend, and the Grantee hereby binds itself and its successors, assigns, grantees, and lessees forever to these covenants and conditions which covenants and conditions are as follows: FIRST: The Grantee shall devote the property hereby conveyed only to the uses specified in the applicable provisions of the Urban Renewal Plan or approved modifications thereof; subject to the provisions in covenant numbered THIRD. SECOND: The Grantee shall pay real estate taxes or assessments on the property hereby conveyed or any part thereof when due and shall not place thereon any encumbrance or lien other than for temporary and permanent financ- ing of construction of the Improvements on the property hereby conveyed in accordance with Section 12 of the Contract of Sale, dated the 15th day of September, 1982, between the parties hereto (hereinafter referred to as the "Contract of Sale") which Contract of Sale is on file in the office of the City Clerk of the City of Salem, and for additional funds, if any, in an amount not to exceed the consideration herein specified, and shall not suffer any levy or attachment to be made or any other encumbrance or lien to attach until the i Grantor certifies that all building construction and other physical improve- ments specified to be done and made by the Grantee have been completed; THIRD: The Grantee shall commence promptly the construction of the aforesaid Improvements on the property hereby conveyed in accordance with approved Construction Plans and shall prosecute diligently the construction � of the said Improvements to completion: Provided, that in any event, con- i struction shall commence within seven (7) days from the date of this deed and shall be substantially completed in accordance with Section 4 of the Contract of Sale dated the 15th day of September, 1982. u I � i i II -2- FOURTH: Until the Grantor certifies that all the aforesaid Improvements ifIspecified to be done and made by the Grantee have been completed, the Grantee shall have no power to convey the property hereby conveyed or any part thereof without the prior written consent of the Grantor except to a Mortgagee or Trustee under a Mortgage of Deed of Trust permitted by this Deed, and, except as security for obtaining financing permitted by this Deed, there shall be no transfer, and the Grantee shall not permit any transfer, by any party, owning ten percent or more of the stock of the Grantee of such stock, nor shall there be, or be suffered to be by the Grantee, any other similarly significant change] ! in the ownership of such stock or in the relative distribution thereof or with respect to the identity of the parties in control of the Grantee of the degree thereof, by any other method or means, including, but not limited to, increased capitalization, merger, corporate or other amendments, issuance of additional or new stock or classification of stock, or otherwise; FIFTH: The Grantee agrees for itself and any successor in interest not to discriminate upon the basis of race, color, sex, religion, or national j origin in the sale, lease, or rental or in the use or occupancy of the property ii hereby conveyed or any part thereof or of any Improvements erected or to be erected thereon or any part thereof. The covenants and agreements contained in the covenant numbered FIRST shall terminate on March 23, 2012. The covenants and agreements contained in covenants numbered SECOND, THIRD and FOURTH shall terminate on the date the Grantor issues the Certificate of Completion as herein provided except only that the termination of the covenant numbered SECOND shall in no way be con- strued to release the Grantee from its obligation to pay real estate taxes or assessments on the property hereby conveyed or any part thereof. The covenant i numbered FIFTH shall remain in effect without any limitation as to time. j In case of the breach or violation of any one of the covenants numbered SECOND, THIRD and FOURTH at any time prior to the time the Grantor certifies ii that all building construction and other physical improvements have been com- pleted, and in case such breach or such violation shall not be cured, ended or 'I remedied within sixty (60) days after written demand by the Grantor so to do with respect to covenant numbered FOURTH and three (3) months after written j demand by the Grantor so to do with respect to covenants numbered SECOND and jl THIRD (provided, that a breach or violation with respect to the portion of covenant numbered THIRD, dealing with completion of the Improvements may be cured, ended or remedied within six (6) months after written demand by the Grantor so to do) or any further extension thereof that may be granted by the Grantor in its sole discretion, then all estate, conveyed under this Deed, shall cease and determine, and title in fee simple to the same shall revert to , and become revested in the Grantor, or its successors or assigns, and such II I �I I i { -3- title 3-title shall be revested fully and completely in it, and the said Grantor, its successors or assigns, shall be entitled to and may of right enter upon and take possession of the said property: Provided, that any such revesting of title to the Grantor: (1) Shall always be subject to and limited by, and shall not defeat, render invalid, or limit in any way (i) the lien of any mortgage or Deed of Trust permitted by this Deed; and (ii) any rights or interests provided in the Contract of Sale for the protection of the trustees of any such Deed of Trust or the holders of any such mortgage; and (2) In the event that title to the said property or part thereof shall revest in the Grantor in accordance with the provisions of this Deed, the Grantor shall pursuant to its responsibilities under applicable law use its best efforts to resell the property or part thereof (subject to such mortgage liens as hereinbefore set forth and provided) as soon and in such manner as the . Grantor shall find feasible and consistent with the objectives of such law, and of the Urban Renewal Plan, to a qualified and responsible party or parties (as determined by the Grantor) who will assume the obligation of making or completing the Improvements or such other improvements in their stead as shall be satisfactory to the Grantor and in accordance with the uses specified for the above described property or any part thereof in the Urban Renewal Plan. Upon such resale of the property the proceeds thereof shall be applied: FIRST: to reimburse the Grantor, on its own behalf or on behalf of the City of Salem for all costs and expenses incurred by the !' Grantor, including, but not limited to, salaries of personnel in connection with the recapture, management and resale of the pro- perty or part thereof (but less any income derived by the Grantor from the property or part thereof in connection with such manage- ment) ; all taxes, assessments, and water and sewer charges with respect to the property or part thereof; any payments made or necessary to be made to discharge any encumbrances or liens exist- ing on the property or part thereof at the time of revesting of ii title thereto in the Grantor or to discharge or prevent from i; attaching or being made any subsequent encumbrances or liens due to obligations, defaults, or acts of the Grantee, its successors, or transferees and expenditures made or obligations incurred with I �I it I� -3- respect to the making or completion of the Improvements or any �i part thereof on the property or part thereof; and any amounts otherwise owing the Grantor by the Grantee and its successors 'I or transferees; and i SECOND: to reimburse the Grantee, its successors or trans- ferees up to an amount equal to the sum of the purchase price paid by it for the property (or allocable to the part thereof) and the cash actually invested by it in making any of the Improvements on the property or part thereof, less anv gains or income withdrawn or made by it from this conveyance or from the property. Any balance remaining after such reimbursements shall be retained by the Grantor. The Grantor shall be deemed a beneficiary of covenants numbered FIRST through FIFTH, and the United States shall be deemed a beneficiary of the covenant numbered FIFTH, and such covenants shall run in favor of the Grantor and the United States for the entire period during which such covenants shall be in force and effect, without regard to whether the Grantor and the United States is or remains an owner of any land or interest therein to which such covenants relate. As such a beneficiary, the Grantor, in the event of any breach of any such covenant, and the United States in the event of any breach of the covenant numbered FIFTH, shall have the right to exercise all the rights and remedies, and to maintain any actions at law or suits in equity or other proper proceedings to enforce the curing of such breach, to which beneficiaries of such covenant may be entitled. Promptly after the completion of the above-mentioned Improvements in accordance with the provisions of the Construction Plans, the Grantor will furnish the Grantee with an appropriate instrument so certifying in accordance with the terms of the Contract of Sale. Such certification (and it shall be so provided in the certification itself) shall be a conclusive determination of satisfaction and termination of the agreements and covenants in the Contract of Sale and in this Deed obligating the :Grantee and its successors and assigns, with respect to the construction of the Improvements and the dates for begin- ning and completion thereof: Provided, that if there is upon the property a mortgage insured, or held or owned, byibe Federal Housing Administration and the Federal Housing Administration shall have determined that all buildings constituting a part of the Improvements and covered by such mortgage are, in " fact, substantially completed in accordance with the Construction Plans and l are ready for occupancy, then, in such event, the Grantor and the Grantee shall i� accept the determination of the Federal Housing Administration as to such com- pletion of the construction of the Improvements in accordance with the Con- i struction Plan, and, if the other agreements and covenants in the Agreement obligating the Grantee in respect of the construction and completion of the I� I� ii i I -4- Improvements have been fully satisfied the Grantor shall forthwith issue its certification and such determination shall not constitute evidence of compliance with or satisfaction of any obligations of the Grantee to any holder of a mort-; gage, or any insurer of a mortgage, securing money loaned to finance the Improvements, or any part thereof. �I The certification provided for in the paragraph next above shall be in .i such form as will enable it to be recorded in the proper office for the recor- dation of deeds and other instruments pertaining to the property hereby conveyed. If the Grantor shall refuse or fail to provide such certification, the Grantor shall, within thirty (30) days after written request by the Grantee provide the Grantee with a written statement, indicating in what respects the Grantee has failed to duly complete said Improvements and what measures or acts will be necessary, in the opinion of the Grantor, for the Grantee to take or perform in order to obtain such certification. The Grantor certifies that all conditions precedent to the valid execution and delivery of this Quitclaim Deed on its part have been complied with and that all things necessary to constitute this Quitclaim Deed, its valid, binding and legal agreement on the terms and conditions and for the purposes set forth herein have been done and performed and have happened, and that the execution and delivery of this Quitclaim Deed on its part have been and are in all res- pects authorized in accordance with laws. The Grantee similarly certifies with' reference to its execution and delivery of is�6 Quitcl 'm Deed. WITNESS the execution hereof this qday of� f1953. ��' 888888 (SEAL) SALEM REDEVELOPMENT AUTHORITY � J BOUDRE Chairman WILLIAM CARMEN BEVERLY t. CARMEN COMMONWEALTH OF MASSACHUSETTS Essex, ss. �'j 1983 j� Then personally appeared the above-named Joan M. Boudr au, Chairman, as 'i aforesaid, and acknowledged the foregoing instrum he free act and Iideed of the Salem Redevelopment Authority, befor IF GEORGE P. VALLIS;_ NOTARY PUBLIC MY COMMISSION EXPIRES pA.%' 19: 1990 �f i f "SCHEDULE A" A certain parcel of land, being shown as Parcel RC-11F on plan of land entitled, "Property Plan, Project No. Mass . R-95 , Heritage Plaza-East, Salem Redevelopment Authority , Salem, Mass. , Scale: 1 " = 201 , June 29 , 1979 , Essex Survey Service, Inc. " recorded with Essex South District Registry of Deeds , in Plan Book 155, Plan 42 , bounded and described as follows: NORTHERLY by land now or formerly of Carmen, thirty (30 ) feet; EASTERLY by Parcel RC-11G, as shown on said plan, twenty (20) feet; SOUTHERLY by said Parcel RC-11G, as shown on said plan, thirty (30) feet; WESTERLY by the sideline of Holyoke Court, twenty (20) feet. Said premises containing 600 square feet of land, more or less , according to said plan. Said premises are conveyed together with the benefit of certain rights and reservations retained by the Salem Redevelopment Authority in its deed to Pasquanna Developers, Inc. , dated September 18, 1979 , recorded with said Registry of Deeds , Book 6640 , Page 633. For title of grantor, see Order of Taking recorded on December 17 , 1975, with Essex South District Registry of Deeds , Book 6205 , Page 413. D E E D SALEM REDEVELOPMENT AUTHORITY , a public body politic, . and corporate , duly organized and existing pursuant to the General Laws of Massachusetts , having its office in Salem, Essex County ,. Massachusetts , in consideration of One Thousand ($1, 000 . 00) Dollars paid , qrants to JOHN M, INGEMI and STEPHEN C . INGEMI, as tenants in common, of 38 Margin Street, Salem, Massachusetts , with [QUITCLAIM COVENANTS , all its right , title and interest in and to a certain parcel of real estate more particularly described in Schedule "A" annexed hereto and made a part hereof. This Deed is made and executed upon and is subject to certain express conditions and covenants , said conditions and covenants being a part of the consideration for the property hereby conveyed and are to be taken and construed as running with the land and upon the continued observance of which and each of which, with the sole exception of covenants numbered FIRST and FIFTH, the continued existence of the estate hereby granted shall depend, and the Grantee hereby binds itself and its successors , assigns , grantees , and lessees forever to these covenants and conditions which covenants and conditions are as follows : FIRST: The Grantee shall devote the property hereby conveved only to the uses specified in the applicable provisions of the Urban Renewal Plan or approved modifications thereof; subject to the provisions in covenant numbered THIRD. SECOND: The Grantee shall Day real estate taxes or assessments on the property hereby conveyed or any part thereof when due and -shall not place thereon any encumbrance or lien . other than for temporary and permanent financing of construction of the Improvements on the property hereby conveyed .in accordance with Section 12 of the Contract of Sale, dated the 3rd day of December; lb R4, .between the parties hereto, (hereinafter referred to as the "Contract of Sale" ) which Contract,'of 'Sale is on file in the office of the City Clerk of the City of Salem, and for additional funds , if any, in an amount not to exceed the considera tion herein specified, and shall not suffer any levy or attachment to be made or .anv other encumbrance or lien to attach until the Grantor certifies that all building construction and other physical improvements specified to be done and made by the Grantee-have been completed} `* ,.,,.:THIRD: -Th'e'Grantee7-:shal1 'commence promptly the constru tion of the aforesaid,'&Improvements on the property hereby conveyed in accordance w}th';approved'Construction• plans; and shall prosecute Y) } ' III -2- diligently the construction of the said Improvements to completion: xg��cR���xx��c�xxzmx�sa�x���xixa;X����%XaaX��a.Yv}z��tF�X1X�S���F�X�tx X����Ix�Rkx����x�x�mX%M�X��X�xNkxX34��Xxx��tx�C�]xk�h�ttl�x xRax&�x��mN Y�x��xzxxa��Nx��N��x���Jax��acK�X��d�[�xx�ra�ax�ca�, �atX�xda���XRhe�x��txx�a[�x��x �XXa�� xx FOURTH: Until the Grantor certifies that all the afore- said Improvements specified to be done and made by the Grantee have been completed, the Grantee shall have no power to convey the property hereby conveyed or any part thereof without the prior written consent of the Grantor except to a Mortgagee or Trustee under a Mortgage or Deed of Trust permitted by this Deed , and, except as security for obtaining financing permitted by this Deed , there shall be no transfer, and the Grantee shall not permit any transfer, by any party , owning ten percent or more of the stock of the Grantee of such stock, nor shall there be, or be suffered to be by the Grantee , any other similarly significant change in the ownership of such stock or in the relative distribution thereof or with respect to the identity of the parties in control of the Grantee of the degree thereof, by any other method or means , including, but not limited to, increased capitalization, merger , corporate or other amendments, issuance of additional or new stock or classification of stock, or otherwise; FIFTH: The Grantee agrees for itself and any successor in interest not to discriminate upon the basis of race, color , sex, religion, or national origin in the sale, lease, or rental or in the use or occupancy of the property hereby conveyed or any part thereof or of any Improvements erected or to be erected thereon or any part thereof. The covenants and agreements contained in the covenant numbered FIRST shall terminate on March 23 , 2012. The covenants and agreements contained in covenants numbered SECOND, THIRD and FOURTH shall terminate on the date the Grantor issues the Certi- ficate of Completion as herein provided except only that the termination of the covenant numbered SECONDshallin no way be construed to release the Grantee from its obligation to pay real estate taxes or assessments on the property hereby conveyed or any part thereof. The covenant numbered FIFTH shall remain in effect without any limitation as to time. In case of the breach or violation of any one of' the covenants numbered SECOND, THIRD and FOURTH at any time prior to the time the Grantor °cer-tifies Ul ,ast all, building construction and other physical.,improvements havewbeen completed, and in case such _.- breach or such violation shall ;n1t� be `cured, ended 'or remedied within sixty, (60)- days after written ded d..- y •:the Grantor so to -3- respect to covenant numbered FOURTH and three ( 3) months after %::ritten demand by the Grantor so to do with respect to covenants numbered SECOND and THIRD (provided , that a breach or violation Faith respect to the portion of covenant numbered THIRD , dealing o:ith completion of the Improvements may be cured , ended _ or remedied ,:ithin six ( 6) months after written demand by the Grantor so to do) or any further extension thereof that may be granted b . the Grantor in its sole discretion , then all estate , cenae•:,ed under this Deed , shall cease and determine, and title Jr. fee _si^:_-Dle to the same shall revert to and become revested in the grantor , or its successors or assigns , and such title shay: be revested full . and completely in it , and the said Grantor , its successors or assigns , shall be entitled- to and may of richt enter upon and take possession of the said property: Provided, that anv suer: revesting of title to the Grantor: ( 1) Shall always be subject to and limited by , and shall not defeat, render invalid, or limit in any way ( i) the lien of any mortgage or Deed of Trust permitted by this Deed; and (ii) any rights or interests provided in the Contract of Sale for the protection of the trustees of any such Deed of Trust or the holders of any such mortgage; and ( 2) In the event that title to the said property or part thereof shall revest in the Grantor in accordance with the provisions of this Deed, the Grantor shall pursuant to its responsibili- ties under applicable law use its best efforts to resell the property or part thereof (subj.ect to such mortgage liens as hereinbefore set forth and provided) as soon and in such manner as the Grantor shall find feasible and consistent with the objectives of such law, and of the Urban Renewal Plan, to a qualified and responsible party or parties (as determined by the Grantor) who will assume the obligation of making or completing the improvements or such other improve- ments in their stead as shall be satisfactory to the Grantor and in accordance with the uses specified for the above described property or any part thereof in the Urban Renewal Plan. Upon -4- such resale of the property the proceeds thereof shall be applied : FIRST: to reimburse the Grantor , on its own behalf or on behalf of the City of Salem for all costs and expenses incurred by the Grantor, including , but not limited to , salaries of personnel in con- nection with the recapture , management and resale Of the property or part thereof (but less any income derived b-,- the Grantor from the property or part thereof in connection with such management) ; all taxes , assessments , and water and sec•,er charges with respect to the property or part thereof ; any payments made or necessary to be made to discharge any encumbrances or liens existing on the property or part thereof at the time of revesting of title thereto in the Grantor or to discharge or prevent from attaching or being made any subsequent encum- brances or liens due to obligations , defaults , or acts of the Grantee , its successors , or transferees ; and expenditures made or obligations incurred with respect to the making or completion of the Improve- ments or any part thereof on the property or part thereof ; and any amounts otherwise owing the Grantor by the Grantee and its successors or transferees ; and SECOND: to reimburse the Grantee, its successors or transferees up to an amount equal to the sum of the purchase price paid by it for the property (or allocable to the part thereof) and the cash actually invested by it in making any of the Improvements on the property or part thereof , less any gains or income withdrawn or made by it from this conveyance or from the property. Any balance remaining after such reimbursements shall be retained.: by the Grantor. The Grantor shall be deemed a beneficiary of covenants numbered FIRST through FIFTH, and the United States shall be deemed a beneficiary of the covenant numbered FIFTH, and such covenants shall run in favor bf the Grantor and the United States for the entire period during which such covenants shall be in force and effect, without regard to whether the Grantor and the United States is or remains an owner of any land or interest -5- therein to which such covenants relate . As such a beneficiary , the Grantor , in the event of anv breach of any such covenant, and the United States in the event of any breach of the covenant numbered FIFTH, shall have the right to exercise all the rights and remedies , and to maintain any actions at law or suits in equity or other proper proceedings to enforce the curing of such breach , to which beneficiaries of such covenant may be entitled. Promptly after the completion of the above-mentioned Improvements in accordance with the provisions of the Construction Plans , the Grantor will furnish the Grantee with an appropriate instrument so certifying in accordance with the terms of the Contract of Sale. Such certification (and it shall be so provided in the certification itself) shall be a conclusive determination of satisfaction and termination of the agreements and covenants in the Contract of Sale and in this Deed obligating the Grantee and its successors and assigns , with respect to the construction of the Improvements and the dates for beginning and completion thereof : Provided, that if there is upon the property a mortgage insured, or held or owned, by the Federal Housing Administration and the Federal Housing Administration shall have determined that all buildings constituting a part of the Improvements and covered by such mortgage are, in fact , substantially completed in accord- ance with the Construction Plans and are ready for occupancy , then, in such event, the Grantor and the Grantee shall accept the deter- mination of the Federal Housing Administration as to such comple- tion of the construction of the Improvements in accordance with the Construction Plan, and, if the other agreements and covenants in the Agreement obligating the Grantee in respect of the con- struction and completion of the Improvements have been fully satisfied the Grantor shall forthwith issue its certification and such determination shall not constitute evidence of compliance with or satisfaction of any obligations of the Grantee to any holder of a mortgage, or any insurer of a mortgage, securing money„ loaned to finance the Improvements , or any part thereof. The certification provided for in the paragraph next above shall be in such form as will enable it to be recorded in the proper office for the recordation of deeds and other instru- ments pertaining to the property hereby conveyed. If the Grantor shall refuse or fail to provide such certification, the Grantor shall , within thirty (30) days after written request by the Grantee provide the Grantee with a written statement, indicating in what respects the Grantee has failed to duly complete said Improvements and what measures or acts will be necessary, in the opinion of the Grantor, for the Grantee to take or perform in order to obtain such certification. I -E- ^heGrantor certi`-ies _r.at all conditions nrecedent to j the -✓alid execution and delivery of this Quitclaim Deed on its part have been complied with and that all things necessar': to constitute thiS Quitclai— Dee: , -tS val_d, binding and lega: acreement cn the terms and cenditic;:s and for the curposes set fcrth herci. have beer. done and performed and have happened , and theeecution and delivery of this Quitclaim Deed on its cart nage been and are in all respects authorized accordance 4:it:. lal-E . The Grantee similar!`. certifies with reference to its execution and deliver*,- of this Q:atC_' aim Deed. 1,,!17:ESS the execution hereof this 3rd day of December, 1984 . (SE j S-LLE7,. REDEVELOPMENT AUT'HO:IT kN M. BOUDREAU, Chairman j0. -M, INGEMI P l TEP EN C. INGEMI COMIMONB EAi T,H OF MASSACHUSETTS Esser., ss . December 3, 1984 Then personally appeared the above-named Joan M. Bouarea' , Chairman , as aforesaid , and acknowledge the forecoing -nstruraen.t to be the free act and deed o " Sa em Redevelopment ^-.ut`erity , before me, (,tIRE . VALLIS., Y PUBLIC CSSION EXPIRW JAN. 19. 1990 Cd ' 41 l . A A "SCHEDULE A" A certain parcel of land, being shown as Parcel RC-11E on plan of land entitled, "Property Plan, Project No. Mass . R-95 , Heritage Plaza-East, Salem Redevelopment Authority , Salem, Mass . , Scale: 1" = 20 ' , June 29 , 1979 , Essex Survey Service , Inc. " recorded with Essex South District Registry of Deeds , in Plan Book 155 , Plan. 42 , bounded and described as follows: NORTHERLY by land now or formerly of Joseph R. and Stephen C . Ingemi , forty-eight and 61/100 (48 . 61) feet; EASTERLY by Parcel RC-11G, as shown on said plan , ten (10) feet; SOUTHERLY by Parcel RC-11G , as shown on said plan, forty-eight and 61/100 (48 . 61) feet; WESTERLY by Parcel RC-11G, as shown on said plan, ten (10) feet. Said premises containing 486 square feet, more or less , according to said plan. Said premises are conveyed together with the benefit of certain rights and reservations retained by the Salem Redevelopment Authority in its deed to Pasquanna Developers , Inc. , dated September 18 , 1979, recorded with said Registry of Deeds , Book 6640 , Page 633. For title of Grantor, see following: 1. Deed of Albert R. Pitcoff, Executor, dated June 25, 1969 , recorded with said Registry of Deeds , Book 5617 , Pare 588 . 2. Order of Taking , recorded December 17, 1975 , with Essex South District Registry of Deeds , Book 6205 , Page 413 . U5 zo �Q55AC �ply 131� C LOCUS �EAco OF �pMMpN til B ,.i v. � n � n 8r16 0 I(, LOCUS' M�1P 6�026� 14. Pe4TT s�a� r P�oP• noW JCi46C 1" = 2000 ' SAL£M !Z£DEtrELDPMENT SID 4' t u' 5TH ,4UT-10,/TY L}/l' S `', � 5t. On exten. a/' /� . _ A , ,,j: E ��• �� ��/ Cor_ �.�ranitp -U,o 4.4 ,51� x 3.�7- � ' (PV6� DH ire �, '. N sy � '�A0. 98 bac oF.9` Ur>e, O.O Z� D 14 //Vl� DB � J�� a 3 Q.(rD> � q0� � � Coleb/dy ° 73 brick uP Z a/on� -/ o 7 . � < i is 9U ' a rt1 ALL OTFSET5 LOT I \ \ ICOT ' b _ / NDErA(L TO ,mss (l COP. -4 "4' X 1321ce UP - '' `�, 304 4.5.1 r �- o° PET,4/ 9I1µ NO SCALE 5 w f S o ' LOT 2 "'K i�� °� , , ✓' LOT 2 rFD �si 330 + .3 ..� ,`, - S C.5 ( ) on f ,4PP20l�AL UNDE/? TIE SUBD/li/5/Oit/ �` o i 7q4NN444 J. CONT/ZOL LAW NOT ?EQU//ZED. Y O 'CONA100 r 54LLCA✓1 PLAPJNING B041FD BENJAMIN AX£LEOD CT.4Ll DATE - C/TY OF U SALEM y � m aE,N ; 4 .5Uao/v/.5/01i �T OF L_f. C. ZSGBA -/LEO WiT,q Cg2T. OFT�TLC 6/9. NOTE : ALL BU/LD/N6 .5�40WN /+ tZ ON 02/U/N,4L FILE e DACECC C /'� PLANS 144k1E BEEN DE5T20YEP W/T.4 r�IE EYCE'PT/OA1 OF T4C 5UTE AEMO/zY PLAN O?C- LAND /N SA L EM9 UA 5S. 00 0 4 fo zo 40 / CE/ZT/FY THAT T#/S dCT614L 561eYuFY W,,4S 4i1<1DE SH of M N r-1£ /ZOUND /N ACCOIM4NCE W/T11 TUE LANO Atop ESSEX SU?{ tr el, 5 /Ce, //VC. O � � ROBERT y� 47 {2deia/ Jtreet Sa/ern COUIc'T /N5T/ZUCT/ONS OF /97/ 3LrwEEN 4/l9/ 7B C, B. BOWMAN y No. 18887 /STER�p`t �� G 1 Prov suR�� � ZEG/STE,PED LAND .SU2UE y02 B9/9 -- T