Coronado Real Estate is my passion. I've been practicing Real Estate in Coronado, California for the past 20 years. I'm a longtime resident of Coronado and the Coronado Cays for the past 25 years. Like you, I know real estate is the best investment. I am knowledgeable in all areas of Coronado such as the Coronado Village, Coronado Cays, Coronado Shores, The Landing and Coronado Point. Working with my team, I'll find you the home you want.
The mills act was pasted in 1971 and is implemented on a local level. In regard to the city of Coronado, the Mills Act can and has allowed homeowners to better manage their real estate investment. The mills act however is not for everyone. It offers the greatest benefit to historical homes which do not require significant improvements to meet the living standards of todays' homeowners.
In Coronado, the only eligible properties are those resources listed on the local Historic Resource Inventory and
those properties located in Residential Zones pursuant to Resolution 7736.
Some of the conditions in applying for the Mills Act are listed below:
The term of the contract shall be for a minimum period of ten (10) years. On the anniversary
date of the agreement, a year shall be added automatically to the initial term of the agreement
unless a Notice of Nonrenewal is given as provided in the Government Code. If a Notice of
Non-Renewal is filed, the Agreement will become null and void upon expiration of the ten-
year term in effect at the time the Notice was filed.
Preservation of the designated resource is required throughout the term of the Agreement,
and when necessary, restoration and rehabilitation to the property, as necessary to conform to
the rules and regulations of the Office of Historic Preservation of the State Department of
Parks and Recreation.
Periodic examinations of the property may be required by the assessor, the State Department
of Parks and Recreation, and the State Board of Equalization as necessary to determine the
owner’s compliance with the Agreement.
Approval Runs with the Land: The approval of a Mills Act Agreement shall run with the land,
and shall continue to be valid upon a change of ownership of the site to which it applies.
Notice of Non-Renewal: Either party to a Mills Act Agreement may file a notice of non-
renewal at any time after entering into the Agreement. The effect of the Notice of Non-Renewal
is that the Agreement will become null and void upon expiration of the ten-year term in effect at
the time the Notice is filed.
The City Council may cancel a Mills Act Agreement if it determines that the property owner
has breached any of the terms of the Agreement, or has allowed the property to deteriorate to
the point that it no longer meets the standards to be a Designated Historic Resource as
specified in Section 70.20.030 of the Municipal Code
No Mills Act Agreement shall be canceled until after the City Council has given notice of the
public hearing and notice to the last known address of the property owner(s).
If the City Council cancels an Agreement, the property owner shall pay a penalty of 12 ˝
percent of the full value of the property, as determined by the County Tax Assessor. The
cancellation fee shall be paid to the State Controller or County Assessor as specified in State
To View the complete requirements as outlined by the city of Coronado, CLICK HERE to view the document.
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