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REQUEST FOR Historic Resources Commission Action ~usTOt~c ~souRC~sconnn~ssiow nn~rr~G aa-Trr: NOVEMBER 2, 2006 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2006-06 FOR THE PROPERTY LOCATED AT 2102 NORTH ROSS STREET APPROVED ^ As Recommended ^ As Amended ^ Set Public Hearing For CONTINUED TO Prepared by Hally Soboleske y . ,~_ Executive Director RECOMMENDED ACTION "ti's Planning M Hager Recommend that the City Council direct the City Attorney authorize the City Manager and the Clerk of the Council agreement with Robert W. and Judith M. Johnson, property structure located at 2102 North Ross Street. DISCUSSION Request of Applicants The applicants, Robert W. and request the approval of Histori 2006-06 (Mills Act) between the Ana. to prepare and to execute an owners, for the Judith M. Johnson, property owners, c Property Preservation Agreement No. property owner and the City of Santa Property Description The subject property includes a one-story residence and a detached garage located at 2102 North Ross Street. The property is within the Floral Park 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 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 25E-3