Word: lieu
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...Lieu-Of-Tax Payments...
Speigelman explained that Harvard's purchase removed 51 Brattle from the tax rolls. As part of a recent one million dollar in-lieu-of-tax agreement with Cambridge, the University will pay the city $32,000 over the next 10 years to compensate for lost property revenues...
Instead of suggesting how Texas can devise a court-ordered overhaul of its school-financing system, Williams' forces have bombarded the electorate with commercials linking Richards to lesbianism and liberalism. In lieu of proposing ways for the state to close the budget deficit, Richards blasted the airwaves with poorly substantiated spots suggesting that Williams is a "deadbeat" guilty of shady business deals. With feigned humor, Williams wondered aloud whether Richards, who was a problem drinker until 10 years ago, is tippling again. Then, playing the injured party, Williams two weeks ago told her during a joint appearance in Dallas...
Under the terms of an out-of-court settlement in 1968, the city agreed not to tax the building directly, so long as Harvard made an annual in-lieu-of-tax contribution based on the gross rentals of the Peabody Terrace apartments...
Harvard currently pays the city $969,170 annually as compensation for its tax-exempt affilated housing complexes such as Peabody terrace. While the contract governing the in lieu of tax contribution expired on December 31, 1988, Harvard has continued its payments for the last two fiscal years as if the old agreement were still in effect...