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Supervisors question perpetuity of Mills Act tax breaks as three Mills Act contracts advance
Summary
Committee reviewed three Mills Act historic-property contracts (450 Pacific Ave, 1355 Waller St, 59 Potomac St), heard staff estimates of rehabilitation costs and tax savings, and debated whether Mills Act benefits should default to nonrenewal to limit perpetual tax reductions for private owners.
The committee heard a detailed presentation on three proposed Mills Act contracts, which create local 10-year rolling agreements that reduce property taxes for owners who pledge rehabilitation and maintenance of qualified historic properties.
Planning Department preservation planner Alexandra Kirby said the three properties before the committee met program criteria after pre-approval inspections and described proposed rehabilitation scopes and 10-year cost estimates: 450 Pacific Ave (contributing building to…
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