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The Finance Committee recommended approval, 5-0-0, of a revised tax deferral for renovations to older homes, covering up to $500,000 of increased assessed value.
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The proposed deferral would apply only to renovations of an original historic structure and would require review by the appropriate historic-preservation body. The committee also recommended rejecting a proposed prudent-investor rule and approved general bylaw amendments. A motion to recommend rejecting the cottage-overlay zoning articles failed 4-1-0, while discussion of charter amendments continued.
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