Report On the Proposed Purchase And Development of South Station
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The cash purchase of $4,225,000 is already at its upper limit. The settlement of $1,525,000 is more than 33% of the acquisition proceeds and cannot realistically be increased without jeopardizing the entire transaction.
The amount of taxes propo: d to be paid to the C.-'ty is computed as follows: TABLE 3 Property of The Boston Terminal Corp/' vat ion Proposed Reduction in Taxes Presently Due and Payable to City of Boston Tax Presently Tax Due Based Proposed Due on Proposed Assessment $ 534,085 ...Reduction 1960 $ 693,605 $159,520 1961 249,529 90,167 159,362 1962 358,941 200,848 158,093 1963 342,274 190,200 152,074 1964 851,703 693,610 158,093 Totals; $2,496,052 $1,708,910 $787,142 Notes: 1. Pursuant to the abatement in 1959, the City owes The Boston Terminal Corporation $171,716 on account of overpayment of taxes for that year.
2. Interest is disregarded in the above Table and is proposed to be disregarded in the settlement.
- JLJ - Urban Renewa l A dministration Review The proposed purchase price of $6, 950,000 must be reviewed and accepted by the Urban Renewal Administration, and the tax settlement as well as the purchase price must be approved by the Federal District Judge.
What to read after Report On the Proposed Purchase And Development of South Station?
You can find similar books in the "Read Also" column, or choose other free books by Boston Redevelopment Authority to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The cash purchase of $4,225,000 is already at its upper limit. The settlement of $1,525,000 is more than 33% of the acquisition proceeds and cannot realistically be increased without jeopardizing the entire transaction.
The amount of taxes propo: d to be paid to the C.-'ty is computed as follows: TABLE 3 Property of The Boston Terminal Corp/' vat ion Proposed Reduction in Taxes Presently Due and Payable to City of Boston Tax Presently Tax Due Based Proposed Due on Proposed Assessment $ 534,085 ...Reduction 1960 $ 693,605 $159,520 1961 249,529 90,167 159,362 1962 358,941 200,848 158,093 1963 342,274 190,200 152,074 1964 851,703 693,610 158,093 Totals; $2,496,052 $1,708,910 $787,142 Notes: 1. Pursuant to the abatement in 1959, the City owes The Boston Terminal Corporation $171,716 on account of overpayment of taxes for that year.
2. Interest is disregarded in the above Table and is proposed to be disregarded in the settlement.
- JLJ - Urban Renewa l A dministration Review The proposed purchase price of $6, 950,000 must be reviewed and accepted by the Urban Renewal Administration, and the tax settlement as well as the purchase price must be approved by the Federal District Judge.
What to read after Report On the Proposed Purchase And Development of South Station?
You can find similar books in the "Read Also" column, or choose other free books by Boston Redevelopment Authority to read onlineMoreLess
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