25E - HISTORIC AGMT 2007-07 - Laserfiche WebLink

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REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: NOVEMBER 5, 2007 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2007-07 FOR THE PROPERTY LOCATED AT 2201-2205 NORTH BROADWAY AND 211-219 WEST BUFFALO ST T CITY MANAGER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: APPROVED ^ As Recommended ^ As Amended ^ Ordinance on 1S' Reading ^ Ordinance on 2"d Reading ^ Implementing Resolution ^ Set Public Hearing For_ CONTINUED TO FILE NUMBER Direct the City Attorney to prepare and authorize the City Manager and the Clerk of the Council to execute an agreement with Alfonso and Patricia T. Bustamante, Joel Torres, and Laurie Hampton for the apartment structures located at the primary address of 2201 North Broadway (inclusive of 2201-2205 N. Broadway and 211-219'-~ West Buffalo Street). HISTORIC RESOURCES COMMISSION ACTION Recommended that the City Council direct the City Attorney to prepare and authorize the City Manager and the Clerk of the Council to execute an agreement with Alfonso and Patricia T. Bustamante, Joel Torres, and Laurie Hampton for the apartment structures located at the primary address of 2201 North Broadway (inclusive of 2201-2205'-~ N. Broadway and 211-219' West Buffalo Street) at its October 4, 2007 meeting by a vote of 5:0 (Bustamante, Chinn, Dickman, Stroud absent). DISCUSSION After the public hearing on October 4, 2007, the Historic Resources Commission reviewed the proposed Historic Property Preservation Agreement (Mills Act Contract) and concluded that the resulting potential property tax savings would encourage the owner to reinvest the tax savings in the maintenance of their historic property, and would benefit both the owner and the community (Exhibit A). Additionally, the agreement prevents inappropriate alterations. 25E-1