Falmouth Technology Park
The Falmouth Technology Park is located in West Falmouth off Thomas B. Landers Road. In 1979 Falmouth Town Meeting purchased 420 acres, with 114 acres set aside for the Falmouth Technology Park.
In 1981 the Falmouth Economic Development and Industrial Corporation (EDIC) was created and took on the task of developing the park. Over 15 businesses call the park home. Today the Falmouth Technology Park stands as a model for economic development efforts on Cape Cod.
For more information about the Falmouth Technology Park, please contact Christopher Simmler.
Modification of Development Agreement
This Modification Agreement is entered into this 30th day of October 2014 by and between the Cape Cod Commission ("CCC") and the Falmouth Economic Development Industrial Corporation ("FEDIC") (together, the CCC and the FEDIC are also hereinafter referred to as the "Parties");
WHEREAS, the Parties entered into a "Development Agreement" concerning Falmouth Technology Park (the "Park"), dated February 21, 2006 recorded at the Barnstable County Registry of Deeds in Book 20976 Page 59, that extended and amended their prior Development Agreement concerning the Park, dated January 1993, and the modifications thereto, dated January 1998 and July 2000, by substituting the Development Agreement for their prior agreement and modifications in their entirety; and
WHEREAS, the Development Agreement was further modified by the Parties by Modification to Development Agreement dated December 13, 2012 recorded at the Barnstable County Registry of Deeds in Book 26985 Page 207 (the "Development Agreement");
WHEREAS, the Development Agreement contains certain terms and provisions concerning development and redevelopment within the Park, including restriction on certain uses within the Park;
WHEREAS, the FEDIC wishes to amend such allowed uses within the Park.
NOW, THEREFORE, in consideration of the provisions of this Modification Agreement and for other good and valuable consideration, the receipt and sufficiency thereof are hereby acknowledged, the Parties agree to further modify the Development Agreement as follows:
A. Section A on page 5 of the Development Agreement entitled "Application of the Act and Regulations" shall be deleted in its entirety and replaced with the following as Section A, so as to effect an amendment to allowed uses within the Park:
"A. Application of the Act and Regulations
All applicable codes, bylaws and regulations of the Town of Falmouth, including but not limited to Chapter 240 of the Code of Falmouth (the "Falmouth Zoning Bylaw"), the Act and the RPP, and all uses permitted therein, shall apply to developments within the Park except as limited or changed by this Agreement and specifically excluding the following uses: library, museum, hospital, sanitoria, cemetery, marina, theater, moving-picture show, bowling alley, airport or landing strip or pad, multi-family dwellings."
B. Attachment A entitled "Protective Covenants, Falmouth Technology Park, Falmouth, Massachusetts" an all references thereto shall be deleted from the Development Agreement in their entirety.
C. Except as so modified herein, all other terms and conditions of the Development Agreement shall remain in full force and effect as provided therein.
Executed by the authorized-representatives of the Cape Cod Commission and the Falmouth Economic Development Industrial Corporation on this 30th day of October, 2014.
For the Cape Cod Commission
Royden Richardson, Chair
COMMONWEALTH OF MASSACHUSETTS
October 30, 2014
Before me, the undersigned notary public, personally appeared Royden Richardson in his/her capacity as Chairman of the Cape Cod Commission Committee on Planning and Regulation, whose name is signed on the preceding document, and such person acknowledged to me that he/she signed such document voluntarily for its stated purpose. The identity of such person proved to me through satisfactory evidence of identification, which was [___] photographic identification with signature issued by a federal or state governmental agency, [___] oath or affirmation of a credible witness, or [_X_] was personal knowledge of the undersigned.
Jonathan D. Idman
My Commission Expires: August 15, 2019