Parkhurst Community Housing, Inc

This contract is an agreement between the City of Lebanon and Parkhurst Community Housing, Inc. for a payment in lieu of taxes. The agreement is for the tax year 2024 and requires Parkhurst Community Housing, Inc. to pay the City of Lebanon an estimated $10,000 on or before December 20, 2024. The payment is in lieu of property taxes and is intended to defray the costs of municipal, non-utility services. The agreement also requires Parkhurst Community Housing, Inc. to file a statement of its financial condition for 2023's fiscal year and to enter into an agreement with the City regarding the payment in lieu of taxes by December 1, 2024. • The contract is for a term of one year, from January 1, 2024 to December 31, 2024. • The payment in lieu of taxes is estimated to be $10,000. • Parkhurst Community Housing, Inc. is a non-profit corporation that offers affordable housing to households with an initial annual income at or below thirty percent of the average median income for the area. • The City of Lebanon is a municipal corporation that is responsible for providing municipal services to its residents. • The agreement is governed by New Hampshire law and any disputes arising under the agreement will be submitted to a court of competent jurisdiction in Grafton County, New Hampshire.