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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 />I~sroR~c RESOURCES u~ MEETING DATE: <br />NOVEMBER 2, 2006 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2006-09 FOR THE PROPERTY <br />LOCATED AT 2042 NORTH ROSS STREET <br />Prepared by Hally Soboleske <br />HISTORIC RESOURCES COMMISSION SECRETARY <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Set Public Hearing For <br />CONTINUED TO <br />~-- ~ r.- <br />Executive Director 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 Andrew J. and Gina C. McCracken, property owners, for the <br />structure located at 2042 North Ross Street. <br />DISCUSSION <br />Request of Applicants <br />The applicants, Andrew J. and Gina C. McCracken, property owners, <br />request the approval of Historic Property Preservation Agreement No. <br />2006-09 (Mills Act) between the property owner and the City of Santa <br />Ana. <br />Property Description <br />The subject property includes a one-story residence and a detached <br />garage located at 2042 North Ross Street. The property is within the <br />Floral Park 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. EXHIBIT A <br />25H-3 <br />
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