25A - 1720 N. POINSETTIA ST. - Laserfiche WebLink

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REQUEST FOR Historic Resources Commission Action ~ ~ HSTORIC RESOURCESCCMJISSION SECRErARY HSTORICRESOURCESCQIMSSION MEETN3 DATE: AUGUST 5, 2004 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2004-04 FOR THE PROPERTY LOCATED AT 1720 NORTH POINSETTIA STREET APPROVED 0 As Recommended 0 As Amended 0 Set Public Hearing For CONTINUED TO Prepared by Hally Soboleske ~Zt¿¡ ~iredOr ~~ Planning Manager RECOMMENDED ACTION Recommend that the City Council direct the City Attorney to prepare and authorize the City Manager and the Clerk of the Council to execute an agreement with Naomi Estrine, property owner, for the structure located at 1720 North Poinsettia Street. DISCUSSION Request of Applicant The applicant, Naomi Estrine, property owner, requests the approval of Historic Property Preservation Agreement No. 2004-04 (Mills Act) between the property owner and the City of Santa Ana. Property Description The subject property includes a two-story residence and a detached, three-car garage located at 1720 North Poinsettia Street and is within the Park Santiago neighborhood. Surrounding land uses are residential with the I-S freeway to the immediate west of the property. Analysis of the Issues In March 1999, the City Council approved an ordinance authorizing Historic Property Preservation Agreements (HPPA), commonly known as the Mills Act contracts, for eligible historic properties. The agreement provides monetary incentive to the property owner in the form of a property tax reduction in exchange to the owner's voluntary commitment to maintain the property in a good state of repair and to rehabilitate the property as necessary. Once recorded, the agreement triggers the use of a different valuation method in determining the property's assessed value, thereby resulting in potentially significant property tax savings for the owner. EXHIBIT A 25A-3