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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />MAY 5, 2008 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2008-03 FOR THE <br />PROPERTY LOCATED AT 2301 NORTH <br />FLOWER STREET <br />~~ <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Ordinance on 15t Reading <br />^ Ordinance on 2"d Reading <br />^ Implementing Resolution <br />^ Set Public Hearing For_ <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and Clerk of the Council to execute the <br />attached agreement with Karen R. Klosterman for the structure located at <br />2301 North Flower Street, subject to non-substantive changes approved by <br />the City Manager and City Attorney. <br />HISTORIC RESOURCES COMMISSION ACTION <br />Recommended that the City Council authorize the City Manager and Clerk of <br />the Council to execute the attached agreement with Karen R. Klosterman <br />for the structure located at 2301 North Flower Street, subject to non- <br />substantive changes approved by the City Manager and City Attorney at its <br />April 3, 2008 meeting by a vote of 7:0 (O'Callaghan abstained, Seeley <br />absent). <br />DISCUSSION <br />After the public hearing on April 3, 2008, the Historic Resources <br />Commission reviewed the proposed Historic Property Preservation Agreement <br />(Mills Act Contract) and concluded that the resulting potential property <br />tax savings would encourage the owner to reinvest the tax savings in the <br />maintenance of their historic property, and would benefit both the owner <br />and the community (Exhibit A). Additionally, the agreement prevents <br />inappropriate alterations. <br />25B-1 <br />