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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />JUNE 2, 2008 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEI~NT NO. 2008-07 FOR THE <br />PROPERTY LOCATED AT 1108 NORTH <br />FRENCH STREET <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Ordinance on 1St Reading <br />^ Ordinance on 2"d Reading <br />^ Implementing Resolution <br />^ Set Public Hearing For_ <br />CONTINUED TO <br />FILE NUM6ER <br />Authorize the City Manager and Clerk of the Council to execute the <br />attached agreement with Yvonne N. Naranjo for the structure located at <br />1108 North French Street, subject to non-substantive changes approved by <br />the City Manager and City Attorney. <br />HISTORIC RESOURCES COI~IISSION ACTION <br />Recommended that the City Council authorize the City Manager and Clerk of <br />the Council to execute the attached agreement with Yvonne N. Naranjo for <br />the structure located at 1108 North French Street, subject to non- <br />substantive changes approved by the City Manager and City Attorney at its <br />May 1, 2008 meeting by a vote of 6:0 (Dickman abstained, Bustamante and <br />Seely absent). <br />DISCUSSION <br />After the public hearing on May 1, 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 />25E-1 <br />