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REQUEST FOR <br />Historic Resources Commission Action <br />HsTOwc RESOURCES caNw~ssloN nnEErr~c DATE: <br />AUGUST 2, 2007 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2007-03 FOR THE PROPERTY <br />LOCATED AT 2409 NORTH NORTH PARK BOULEVARD <br />Prepared by Hally Soboleske <br />Hlsrowc RESOURCES comnnlssloN sECRETARv <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Set Public Hearing For <br />CONTINUED TO <br />~ ~~- , r-tA~ 1~i.c~YY,O'~. <br />Executive Director Planni Manager <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 Frederic M. Treadgold for the structure located at 2409 <br />North North Park Boulevard. <br />DISCUSSION <br />Request of Applicant <br />The applicant, Frederic M. Treadgold, requests the approval of Historic <br />Property Preservation Agreement No. 2007-03 (Mills Act) between the <br />applicant and the City of Santa Ana. <br />Property Description <br />The subject property includes a two-story residence and a detached two- <br />car garage located at 2409 North North Park Boulevard, and is within the <br />Floral Park neighborhood. 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 to maintain its character and appearance. <br />Once recorded, the agreement triggers the use of a different valuation <br />method in determining the property's assessed value, thereby resulting <br />in potentially significant property tax savings for the owner. <br />• EXHIBIT A <br />25B-3 <br />