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REQUEST FOR Historic Resources Commission Action APRIL 3, 2008 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2008-02 FOR THE PROPERTY LOCATED AT 1920 NORTH GREENLEAF STREET APPROVED ^ As Recommended ^ As Amended ^ Set Public Hearing For CONTINUED TO Prepared by Hally Soboleske Executive Director 1`~GttiQ~/~. Planning Man er RECOMMENDED ACTION Recommend that the City Council authorize the City Manager and Clerk of the Council to execute the attached agreement with Jeffrey P. and Kathleen T. Dobias for the structure located at 1920 North Greenleaf Street, subject to non-substantive changes approved by the City Manager and City Attorney. DISCUSSION Request of Applicants The applicant, Jeffrey P. and Kathleen T. Dobias, request the approval of Historic Property Preservation Agreement No. 2008-02 (Mills Act) between the property owner and the City of Santa Ana. Property Description The subject property includes a single story Tudor Revival residence and a detached, two car garage located at 1920 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 25A-3