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REQUEST FOR <br />Historic Resouroes Commission Action <br />HISTORIC Rl~OURCESOOMU~ssloly NEErf~IG onTE: <br />NOVEMBER 6, 2008 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2008-25 FOR THE PROPERTY <br />LOCATED AT 2415 NORTH RIVERSIDE DRIVE <br />Prepared by Hally Soboleske <br />HISTORIC RESOURCES COiVMISSION SECRETARY <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Set Public Hearing For <br />CONTINUED TO <br />Executive Director Planning Man er <br />RECOMMENDED ACTION <br />Recommend that the City Council authorize the City Manager and Clerk of <br />the Council to execute the attached agreement with Mark S. McLoughlin <br />and Janelle Crain-McLoughlin for the structure located at 2415 North <br />Riverside Drive, subject to non-substantive changes approved by the City <br />Manager and City Attorney. <br />DISCUSSION <br />Request of Applicants <br />The applicants, Mark S. McLoughlin and Janelle Crain-McLoughlin, request <br />the approval of Historic Property Preservation Agreement No. 2008-25 <br />(Mills Act) between the property owner and the City of Santa Ana. <br />Property Description <br />The subject property includes a two-story Spanish Colonial Revival House <br />with a detached garage located at 2415 North Riverside Drive <br />(Exhibit 1) The property is within the Floral Park neighborhood and <br />the surrounding land uses are residential. <br />Analysis of the Issues <br />In March 1999, the City Council approved an ordinance authorizing <br />Historic Property Preservation Agreements (HPPA), commonly known as the <br />Mills Act contracts, for eligible historic properties. The agreement <br />provides monetary incentive to the property owner in the form of a <br />property tax reduction in exchange to the owner's voluntary commitment <br />to maintain the property in a good state of repair and to rehabilitate <br />the property as necessary. Once recorded, the agreement triggers the <br />use of a different valuation method in determining the property's <br />assessed value, thereby resulting in potentially significant property <br />tax savings for the owner. <br />EXHIBIT q <br />25K-3 <br />