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Supervisors continue Mills Act request for 178 Townsend, seek clearer valuation and tax-impact figures
Summary
Supervisors continued consideration of a Mills Act historic-property contract for 166–178 Townsend Street after questions about tax delinquencies, the scope of tax reductions (facade vs. building volume) and pending assessor valuations; project sponsors say financing is contingent on Mills Act benefits.
The Budget and Finance Committee on Tuesday continued a request from developer 178 Townsend Properties for a Mills Act historic-property contract covering 166–178 Townsend Street, asking for more precise assessments of what portion of the project would qualify for the tax benefit and what the city’s potential revenue loss would be.
Chair John Avelos said the resolution — returned to committee after prior continuances — raised concerns including developer delinquencies in property taxes and whether the Mills Act benefit should be limited to the remaining historic fabric rather than applied across newly constructed volume. Avelos said he wanted planning and assessor analysis before any approval.
Tara Sullivan…
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