Word: piloting
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Last year Harvard paid the city $4.5 million for its taxable properties as well as a voluntary $1.7 million payment in lieu of taxes—(PILOT)—to compensate for its tax-exempt property...
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 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...
City Councillor Anthony D. Galluccio, who co-chairs the council’s University Relations Committee with Decker, says he wishes the often-contentious discussions of PILOT agreements could focus on the city services provided to the University rather than on dollar figures...