Proposed USQ DIF district_BOA submission — File 204437

To: M From: T Date: O Re: P In accord Union Sq Proposed The deve – the City financing The acco the Board M.G.L. C cent of th attached land area area of th percent o In the att original a district to Mayor Joseph Thomas Galli October 12, 2 roposed Uni dance with M quare as show d Union Squ elopment dis y to retain al g our propos ompanying d d of Alderm Ch. 40Q requ he total area document, t a of the city’ he city includ of the city’s t tached docum assessed valu o be $51,718 h A. Curtato igani, Direct 2017 ion Square D M.G.L. Ch. 4 wn in the ma uare DIF D strict will be ll or part of t ed infrastruc development en on Octob uires that “th of a city or t he land area s only other ded in propo total land are ment, the Ch ue of the tax 8,900. ne tor of Econo DIF Develop 40Q, City sta ap below. evelopment an invested the captured cture program program req ber 26. he total area town.” As ce a of the propo DIF in Asse osed or exist ea. hief Assessor xable propert omic Develop pment Distric aff proposes t District revenue dis d increment o m. quired under of all develo ertified by C osed Union embly Squar ing DIF dev r certifies, as ty within the pment ct to create a d trict, which of the distric r M.G.L. Ch opment distr Chief Assess Square distr re is 66.5 acr velopment di s required by e boundary o development allows – but ct for the pur h. 40Q will b ricts shall no or Marc Lev rict is 26.96 res. As such istricts is 93. y M.G.L. Ch of the investe t district in t does not re rpose of be submitted ot exceed 25 vye in the acres, and th , the total lan .46 acres, or h. 40Q, the ed revenue equire d to per he nd r 3.47