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<br />REQUEST FOR <br />Historic Resources Commission Action <br /> <br /> <br />HSTORIC RESOURCES CC>>.MSSION NEET"t.IG DATE: <br />OCTOBER 5, 2006 <br /> <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2006-05 FOR THE PROPERTY <br />LOCATED AT 2315 NORTH RIVERSIDE DRIVE <br /> <br />HISTORIC RESOURCES COMMISSION SECRETARY <br /> <br />APPROVED <br />o As Recommended <br />o As Amended <br />o Set Public Hearing For <br /> <br />CONTINUED TO <br /> <br />Prepared by Hally Soboleske <br /> <br />~tive Director <br />RECOMMENDED ACTION <br /> <br />1~twM- ~ <br />Planning Ma er <br /> <br />Recommend that the City Council direct the City Attorney to prepare and <br />authorize the City Manager and the Clerk of the Council to execute an <br />agreement with Amy L. Stark, property owner, for the structure located <br />at 2315 North Riverside Drive. <br /> <br />DISCUSSION <br /> <br />Request of Applicants <br /> <br />The applicant, Amy L. Stark, property owner, requests the approval of <br />Historic Property Preservation Agreement No. 2006-05 (Mills Act) between <br />the property owner and the City of Santa Ana. <br /> <br />Property Description <br /> <br />The subject property includes a one-story residence and a detached, <br />single-car garage located at 2315 North Riverside Drive. The property <br />is within the Floral Park neighborhood and the surrounding land uses are <br />residential. <br /> <br />Analysis of the Issues <br /> <br />In March 1999, the City Council approved an ordinance authorizing <br />Historic Property Preservation Agreements (HPPA), commonly known as the <br />Mills Act contracts, for eligible historic properties. The agreement <br />provides monetary incentive to the property owner in the form of a <br />property tax reduction in exchange to the owner's voluntary commitment <br />to maintain the property in a good state of repair and to rehabilitate <br />the property as necessary. Once recorded, the agreement triggers the <br />use of a different valuation method in determining the property's <br />assessed value, thereby resulting in potentially significant property <br />tax savings for the owner. <br /> <br />EXHIBIT A <br /> <br />250-3 <br /> <br />