Somerville Tax Exemption Letter

(seal)

CITY OF SOMERVILLE, MASSACHUSETTS

BOARD OF ASSESSORS
MICHAEL E. CAPUANO
MAYOR

SEPTEMBER 25, 1991

MARGARET A. WAJERT
PAUL NYER & ASSOCIATES
40 SCHOOL STREET
FRAMINGHAM, MA 01701

RE: NEW ENGLAND SCIENCE FICTION ASSOCIATION
502-504 MEDFORD STREET; PARCEL 41-A-2

DEAR MS. WAJERT:

THIS IS TO CONFIRM THAT AT A MEETING OF THE SOMERVILLE BOARD OF ASSESSORS ON OR ABOUT SEPTEMBER 17, 1991, THE BOARD VOTED AND CONFIRMED THAT THE NEW ENGLAND SCIENCE FICTION ASSOCIATION MEETS THE CRITERIA OF CH. 59, SEC. 5, CLAUSE 3.

THE BOARD IN ITS FINDINGS CONCLUDED THAT:

1. INCOME OR PROFITS IS NOT DIVIDED AMONG THE STOCKHOLDERS, TRUSTEES, OR MEMBERS, AND;

2. UPON DISSOLUTION, ASSETS SHALL BE DISTRIBUTED TO ANOTHER QUALIFYING CHARITY, AND;

3. IN ACCORDANCE WITH THE BY-LAWS, THE PURPOSES BENEFIT AN INDEFINITE CLASS OF PEOPLE AND MEMBERSHIP IS OPEN TO ALL, AND;

4. BECAUSE A PORTION OF THE PROPERTY IS NOT INCLUDED IN THE ABOVE DUE TO THE LEASING OF COMMERCIAL SPACE, A DETERMINATION WAS MADE THAT A VALUE OF $25,000 SHALL NOT BE EXEMPT AND SHALL BE TAXED.

THIS EXEMPTION SHALL BE CONSIDERED BEGINNING FY91 AND CONTINUE IN EFFECT UNTIL CHANGES CAUSE REVIEW.

SINCERELY,

(s) RICHARD M. BRESCIA, CHAIRMAN

SOMERVILLE BOARD OF ASSESSORS

SOMERVILLE CITY HALL • 93 HIGHLAND AVENUE • SOMERVILLE, MASSACHUSETTS 02143

(617) 625-6600

[This documentation of the Clubhouse's tax exemption was obtained after it was discovered that the record of our tax exemption at the time we acquired the Clubhouse (1985) had been either lost by the city or never submitted to them, so that NESFA was billed for back taxes.]