This resolution approves a contract between Nibello LLC, the owners of 331 Pennsylvania Avenue, and the city to preserve the historical status of the property. It also allows the Planning Director and Assessor-Recorder to finalize and document the agreement.
Resolution approving a historical property contract between Nibello LLC, the owners of 331 Pennsylvania Avenue, and the City and County of San Francisco, under Administrative Code, Chapter 71; and authorizing the Planning Director and the Assessor-Recorder to execute and record the historical property contract.
How it got here
The legislation originated from a Mills Act application submitted by Nibello LLC for the historical property at 331 Pennsylvania Avenue, aimed at preserving the building through a contract with the City.
Nibello LLC submitted a Mills Act application for a historical property contract for 331 Pennsylvania Avenue, detailing rehabilitation work and a maintenance plan.
The Historic Preservation Commission held a public hearing and unanimously recommended approval of the Mills Act Historical Property Contract, Rehabilitation Program, and Maintenance Plan for 331 Pennsylvania Avenue.
The Assessor-Recorder provided a report estimating property tax calculations and differences under various valuation methods for the Mills Act contract, which was transmitted to the Board of Supervisors.
The Government Audit and Oversight Committee recommended the resolution for the historical property contract to the Board of Supervisors.
The Board of Supervisors adopted the resolution approving the historical property contract between Nibello LLC and the City, authorizing the Planning Director and Assessor-Recorder to execute and record the contract.
The Mayor approved the resolution, finalizing the Mills Act Historical Property Contract for 331 Pennsylvania Avenue.
Reconstructed from attached documents & the official record
