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Committee forwards Mills Act contract for 690 Market, budget office flags $525,000 annual tax loss
Summary
The Government Audit & Oversight Committee forwarded a Mills Act historic-property contract for 690 Market Street to the full Board with a committee recommendation; the city budget analyst estimated an annual property-tax revenue loss of $525,000 under the current version of the agreement.
The Government Audit & Oversight Committee on Nov. 3 forwarded a proposed Mills Act contract for 690 Market Street to the full Board with a recommendation from the committee.
Chair Supervisor Aaron Peskind said the item had been discussed for years and noted the Board last week designated 690 Market as a contributory building under Article 11 of…
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