25O - HPPA NO 2007-21 - Laserfiche WebLink

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REQUEST FOR Historic Resources Commission Action HISTORIC RESOURCES COMMISSION SECRETARY APPROVED o As Recommended o As Amended o Set Public Hearing For HSTORIC RESOURCES COI\/I\/ISSION IW:ETtoG DATE: NOVEMBER 1, 2007 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2007-21 FOR THE PROPERTY LOCATED AT 2128 NORTH GREENLEAF STREET CONTINUED TO Prepared by Hally Soboleske ~.~ \. xecutive Director ~cI=b-- 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 wi th Anne D. Etheridge, property owner, for 2128 North Greenleaf Street. to prepare and to execute an the structure DISCUSSION Request of Applicants The appl icant , Anne Property Preservation property owner and the D. Etheridge, requests Agreement No. 2007-21 City of Santa Ana. the approval (Mills Act) of Historic between the Property Description The subject property includes a one-story residence and a detached, garage located at 2128 North Greenleaf Street (Exhibit 1). The property is within the Floral Park neighborhood and the surrounding land uses are residential. 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 250-3