Word: agreement
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After the PILOT agreement re-opened for negotiation in 2000, Harvard officials met with City Manager Robert W. Healy to discuss upping Harvard’s contributions...
...agreement, signed in January, commits Harvard to contributing $2.4 million to the city’s 2006 budget. The base payment will increase by about 3 percent each year and $100,000 each decade...
According to current estimates, when the agreement terminates in 50 years, Harvard’s annual payment could amount to nearly $10 million...
...agreement with Harvard came a month after the city reached its first formal PILOT agreement with MIT. MIT increased its voluntary payment to $1.5 million with a 2.5 percent annual increase for the next 40 years. MIT also agreed to restrict the amount of its commercial property that can be converted to tax-exempt...
...PILOT agreement with Harvard also specifies that if the University converts currently taxable property to educational purposes, it will continue to pay the city as much as it would have paid in taxes, with a 3 percent annual increase...