25G - HPPA 2341 N BONNIE BRAE - Laserfiche WebLink

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REQUEST FOR Historic Resources Commission Action ,,~~•,:~. -~~; ~ ::.« «~ .tip • ~ ~ NOVEMBER 6, 2008 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2008-21 FOR THE PROPERTY LOCATED AT 2341 NORTH BONNIE BRAE HISTORIC RESOURCES OOMIAISSION SECRETARY APPROVED ^ As Recommended ^ As Amended ^ Set Public Hearing For CONTINUED TO Prepared by Hally Soboleske Executive Director ~~ ~ ~~ Planning Hager RECOMMENDED ACTION Recommend that the City Council authorize th the Council to execute the attached agreemen structure located at 2341 North Bonnie Brae, changes approved by the City Manager and City DISCUSSION Request of Applicants e City Manager and Clerk of t with Jessica .Carr for the subject to non-substantive Attorney. The applicant, Jessica Carr, requests the approval of Historic Property Preservation Agreement No. 2008-21 (Mills Act) between the property owner and the City of Santa Ana. Property Description The subject property includes a single story Spanish Colonial Revival with a detached garage located at 2341 North Bonnie Brae (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 25G-3