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r , REVD OCT 4 2000 AGREEMENT FOR PAYMENT IN LIEU OF TAXESTOWN OF VERONA 1 IT IS HEREBY AGREED by and between the Town of Verona and the Madison Jewish Community Council,Inc. as follows: 1. The Town agrees to furnish or cause to be furnished to property owned by the Madison Jewish Community Council, Inc. in the Town of Verona such public services of the same character and to the same extent as are furnished without cost or charge to other property and residents; 2. On or before January 31, 2001 and on the same date of each subsequent year, the Madison Jewish Community Council shall make an annual payment in lieu of taxes for town services, such payment to be determined as follows: (town mill rate) X Property value($575,000); i i 3. Payment in lieu of taxes under this agreement shall be exclusive of, and unrelated to, any future utility service charges and public improvement assessments which may from time to time be assessed against the property through the formation of special districts. This agreement shall remain in full force and effect for an indefinite period except as amended from time to time to mutual agreement between the Town of Verona and Madison Je-wish Community Council,Inc. . { MADIS• JEWISH COMMUNITY TOWN OF VERONA COUN'' INC. / 00 4 i ./ .■ ' i _iiiltdit. illr i • •resident Steve Sheets, Chair le Sri' • ' 6teu7 ' NE' Steven H.Morrison, Executive Director Rose M. Johnson,/ fd1L_— ' r k/Treasurer o4z000 dct 3/ aoav Date Date Understood Definitions: Town Mill Rate: Includes the mill rate for"public services" (see paragraph#1) of Town of Verona only and is not a part of the mill rate of adjacent municipalities. Property Values: Includes value of the land and value of buildings and improvements on the land; that is, the 1999 assessment of$659,500.00 less the current year assessment of$84,500 or $575,000. This value shall be used for purposes of computing the payment in lieu of taxes for the duration of this agreement.