Government Center Payment-in-Lieu-of-Taxes

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June 26, 1963 TO: BOSTON REDEVELOPMENT AUTHORITY FROM: Edward J. Logue, Development Administrator SUBJECT: GOVERNMENT CENTER PAYMENT-IN-LIEU-OF-TAXES We have received a determination from Mayor Collins with respect to a payment -in- lieu-of -taxes by the Authority for property held by the Authority in the Government Center as of January 1, 1963. A copy of this determination is attached. ' The total value of land and buildings on which a payment-in-lieu-of -taxes can be made under existing Federa...l regulations is $9,499,000. Eased on the 1963 tax rate of $96 per thousand, the payment required by the City is in the amount of $911,904. Funds for this payment are available.

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