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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 Resournes Commission Action <br />wsrowc RESOURCES C.ONIUISSpN n~TwG ~-~: <br />NOVEMBER 2, 2006 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2006-08 FOR THE PROPERTY <br />LOCATED AT 2424 NORTH VALENCIA AVENUE <br />HISTORIC RESOURCES COMMISSION SE(~ErARY <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Set Public Hearing For <br />CONTINUED TO <br />Prepared by Hally Soboleske <br />r ' '1 <br />~.7 _L_ <br />~ Executive Director <br />~~~ <br />Planning anager <br />RECOMMENDED ACTION <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 Michael and Pamela Bishop, property owners, for the <br />structure located at 2424 North Valencia Avenue. <br />DISCUSSION <br />Request of Applicants <br />The applicants, Michael and Pamela Bishop, property owners, request the <br />approval of Historic Property Preservation Agreement No. 2006-08 (Mills <br />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 2424 North Valencia Avenue. The property is within <br />the Park Santiago neighborhood and the surrounding land uses are <br />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 />25G-3 <br />
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