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Committee conditionally backs Mills Act contract for landmark 1818 California St., trims tax benefit
Summary
The committee forwarded a Mills Act historical‑property contract for 1818 California St. (Lilienthal/Orville Pratt House) to the Board but amended the property‑tax reduction to reflect an annual reduction amount of $22,667 rather than the higher tax reduction initially calculated; staff said the work requires $250,000+ in seismic repairs and annual maintenance is estimated at $22,667.
The Budget and Finance Committee recommended that the Board approve a Mills Act contract for 1818 California Street, landmark #55 (the Lilienthal/Orville Pratt House), but the committee amended the fiscal terms to limit the owner’s annual tax benefit to $22,667 rather than the larger first‑year reduction originally calculated in the assessor’s preliminary numbers.
Planning staff told the committee the property qualifies as an individual landmark and that the Historic Preservation…
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