25J - HPPA NO 2007-16 - Laserfiche WebLink

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REQUEST FOR Historic Resources Commission Action HSTORIC RESOURCES COMMISSION SECRETARY HSTORIC RESOlRCES COIIIMSSION r.EETt<<; DAlE: NOVEMBER 1, 2007 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2007-16 FOR THE PROPERTY LOCATED AT 2412 NORTH HELIOTROPE DRIVE APPROVED o As Recommended o As Amended o Set Public Hearing For CONTINUED TO Prepared by Hally Soboleske ( .' ~~~~. C-----1xecutive Director \Za-tQAA ~~ Planning Ma ger RECOMMENDED ACTION Recommend authorize agreement located at that the City Council direct the City Attorney the City Manager and the Clerk of the Council with Marjorie Panzer, property owner, for 2412 North Heliotrope Drive. to prepare and to execute an the structure DISCUSSION Request of Applicants The applicant, Marjorie Panzer, requests Property Preservation Agreement No. 2007-16 property owner and the City of Santa Ana. the approval (Mills Act) of Historic between the Property Description The subject property includes a one-story Spanish Colonial Revival styled residence and a detached garage located at 2412 North Heliotrope Dri ve. The property is wi thin the Floral Park neighborhood and the surrounding land uses are residential (Exhibit 1). Analysis of the Issues In March 1999, the City Council approved an ordinance authorizing Historic Property Preservation Agreements (HPPA), commonly known as the Mills Act contracts, for eligible historic properties. The agreement provides monetary incentive to the property owner in the form of a property tax reduction in exchange to the owner's voluntary commitment to maintain the property in a good state of repair and to rehabilitate the property as necessary. Once recorded, the agreement triggers the use of a different valuation method in determining the property's assessed value, thereby resulting in potentially significant property tax savings for the owner. EXHIBIT A 25J-3