Report, 1907 (Classic Reprint) - Hardcover

Inhaltsangabe

Excerpt from Report, 1907

In determining, as it was bound to, the cost of taking the lands necessary to constitute the reservation, the Board decided that the fairest basis of valuation would be the present value as assessed for the purposes of taxation, and has based its estimate of cost upon such assessed value. After careful consideration of the subject and conferences with representative taxpayers in the City of New York and County of Westchester, the Board decided that the cost of the improvement should be divided between the City of New York and the County of Westchester in the ratio of two-thirds for the former, and one-third for the latter, and that this cost should be met by a bond issue in the necessary amount.

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