25F - HPPA NO 2006-07 - Laserfiche WebLink

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REQUEST FOR Historic Resources Commission Action HISTORIC RESOURCES COMMISSION SECRETARY HISTORIC RESOURCES COMMSSION I\EEllNG DATE: NOVEMBER 2, 2006 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2006-07 FOR THE PROPERTY LOCATED AT 902 SOUTH CYPRESS APPROVED o As Recommended o As Amended o Set Public Hearing For CONTINUED TO Prepared by Hally Soboleske J E~~cut;ve Director RECOMMENDED ACTION 'iMiNe \-W1'ii. Plannin Manager 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 Mark S. and Julie D. Rivera, property owners, for the structure located at 902 South Cypress Avenue. DISCUSSION Request of Applicants The applicants, Mark S. and Julie D. Rivera, property owners, the approval of Historic Property Preservation Agreement No. (Mills Act) between the property owner and the City of Santa Ana. request 2006-07 Property Description The subject property includes a one-story residence and a detached garage located at 902 South Cypress Avenue. The property is within the Eastside neighborhood and the 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 el igible 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 25F-3