; a Payment-in-Lieu-of-Taxes Deal Expired Three Years Ago. City Is Looking for More Revenue.
Portland Press Herald › May 09, 2011
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Summary
City officials are currently negotiating with the University of New England to reinstate a payment-in-lieu-of-taxes agreement after a three-year lapse.
The university, with land and buildings assessed by the city to be worth $69.4 million, is tax-exempt because of its nonprofit status.See the full content of this document
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; a Payment-in-Lieu-of-Taxes Deal Expired Three Years Ago. City Is Looking for More Revenue.
But the university signed an agreement with the city in 2003, agreeing to pay $50,000 annually for city services. Th...
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