Common Contracts

CONTRACT FOR PAYMENT IN LIEU OF TAXES ENTERED INTO BY AND AMONG THE CITY OF BOSTON, BOSTON REDEVELOPMENT AUTHORITY, AND

Taxes Agreement • March 15th, 2024 • Massachusetts

• Contract Type
  Taxes Agreement
• Filed
  March 15th, 2024
• Jurisdiction
  Massachusetts

This Contract for a Payment in Lieu of Taxes Agreement (this “PILOT Agreement”) dated as of March 18, 2024 (the “Effective Date”), is between the CITY OF BOSTON, acting by and through its Assessing Department, (the “City”), the BOSTON REDEVELOPMENT AUTHORITY, a body politic and corporate created pursuant to Chapter 121B of the Massachusetts General Laws, as amended (the “BRA”), d/b/a Boston Planning & Development Agency (the “BPDA”) and Benjamin Franklin Cummings Institute of Technology, a not-for- profit educational institution with an address of 41 Berkeley Street, Boston, Massachusetts, 02116 (“Franklin Cummings Tech,” and together with its successors and assigns, the “Owner”). Franklin Cummings Tech, the BPDA, and the City are occasionally referred to as the “Parties.”