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FULL PACKET_2006-11-20
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FULL PACKET_2006-11-20
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1/3/2012 4:43:10 PM
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11/15/2006 12:37:16 PM
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REQUEST FOR <br />Historic Resources Commission Action <br />~asrowc RESOURC~.4 COnMI~SION nnl~wG GATE: <br />NOVEMBER 2, 2006 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2006-07 FOR THE <br />PROPERTY LOCATED AT 902 SOUTH CYPRESS <br />HISTORIC RESOURCES OOMMISSION SECRETARY <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Set Public Hearing For <br />CONTINUED TO <br />Prepared by Hally Soboleske <br />RECOMMI <br />Recommend <br />authorize <br />agreement <br />structure <br />' ~_ <br />1 Executive Director <br />=NDED ACTION <br />that the City <br />the City Mana <br />with Mark S. <br />located at 902 <br />DISCUSSION <br />Request of Applicants <br />Plannin Manager <br />Council direct the City Attorney to prepare and <br />ger and the Clerk of the Council to execute an <br />and Julie D. Rivera, property owners, for the <br />South Cypress Avenue. <br />The applicants, Mark S. and Julie D. Rivera, property owners, request <br />the approval of Historic Property Preservation Agreement No. 2006-07 <br />(Mills Act) between the property owner and the City of Santa Ana. <br />Property Description <br />The subject property includes a one-story residence and a detached <br />garage located at 902 South Cypress Avenue. The property is within the <br />Eastside neighborhood and the surrounding land uses are residential. <br />Analysis of the Issues <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 />EXHIBIT A <br />25F-3 <br />L <br />
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