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Committee backs two Mills Act contracts amid larger policy review on tax‑exempt historic rehabs
Summary
The committee recommended that the full Board approve two Mills Act historic property contracts — one converting 988 Market Street to residential units and one restoring 2209 Webster Street — while supervisors signaled a forthcoming policy review of Mills Act eligibility, valuation and nonrenewal procedures.
The Government Audit and Oversight Committee voted to send two Mills Act resolutions to the full Board with a positive committee recommendation.
Planning staff described the Mills Act program, which authorizes local governments to enter into 10‑year rolling contracts with owners of qualified historic properties in exchange for property tax reductions; owners must complete and maintain agreed rehabilitation and maintenance plans. Shannon Ferguson of the Planning Department noted the department’s recent audit of the Mills Act program and plans to bring ten recommended policy changes to the Historic Preservation Commission.
One contract would cover a large, eight‑story office building at 988 Market Street proposed for…
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