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<br />CITY COUNCIL MEETING DATE: <br /> <br /> <br />CLERK OF COUNCIL USE ONLY: <br /> <br />REQUEST FOR <br />COUNCIL ACTION <br /> <br />NOVEMBER 20, 2006 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2006-08 FOR THE <br />PROPERTY LOCATED AT 2424 NORTH <br />VALENCIA AVENUE <br /> <br />APPROVED <br /> <br />D As Recommended <br />D As Amended <br />D Ordinance on 151 Reading <br />D Ordinance on 2nd Reading <br />D Implementing Resolution <br />D Set Public Hearing For <br /> <br />ij <br />" <br />;l <br />CY"- <br /> <br />J2ac?~ <br /> <br />CONTINUED TO <br /> <br />FILE NUMBER <br /> <br />CITY MANAGER <br /> <br />RECOMMENDED ACTION <br /> <br />Direct the City Attorney to prepare and authorize the City Manager and <br />the Clerk of the Council to execute an agreement with Michael Bishop and <br />Pamela Bishop for the structure located at 2424 North Valencia Avenue. <br /> <br />HISTORIC RESOURCES COMMISSION ACTION <br /> <br />Recommended 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 Michael Bishop and Pamela Bishop for the structure located <br />at 2424 North Valencia Avenue at its November 2, 2006 meeting by a vote <br />of 7:0 (Chinn and Seeley absent). <br /> <br />DISCUSSION <br /> <br />After the public hearing on November 2, 2006, the Historic Resources <br />Commission reviewed the proposed Historic Property Preservation Agreement <br />(Mills Act Contract) and concluded that the resulting potential property <br />tax savings would encourage the owner to reinvest the tax savings in the <br />maintenance of their historic property, and would benefit both the owner <br />and the community (Exhibit A). Additionally, the agreement prevents <br />inappropriate alterations. <br /> <br />25G-1 <br />