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REQUEST FOR Historic Resources Conmission Action ~ ~ HISTORIC RESOURCES COMWSSION SECRETARY HSTORIC RESOURCES cor.MSSIONMEEmG DAlE: NOVEMBER 3, 2005 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2005-09 FOR THE PROPERTY LOCATED AT 2008 NORTH GREENLEAF STREET APPROVED o As Recommended o As Amended o Set Public Hearing For CONTINUED TO Prepared by Hally Soboleske fr~ \ Executive Director ~~~ Planning nag r 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 Myrna L. Young for the structure located at 2008 North Greenleaf Street. DISCUSSION Request of Applicant The applicant, Myrna Property Preservation applicant and the City L. Young, requests Agreement No. 2005-09 of Santa Ana. the approval (Mills Act) of Historic between the Property Description The subj ect property includes a single story residence and a detached two-car garage located at 2008 North Greenleaf Street, and is within the Floral Park neighborhood. Surrounding land uses are residential. 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 to maintain its character and appearance. 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