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REQUEST FOR Historic Resources Commission Action I:I�_ -j(W .elzl - a, Z « � «�.�i ice+_ ..•.► a a� ►. •,_ i OCTOBER 1, 2009 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2009 -04 FOR THE PROPERTY LOCATED AT 1541 EAST FOURTH STREET Prepared by Hally Soboleske Executive Director RECOMMENDED ACTION ti • -, • - r •• Ji 1 . • o- APPROVED • As Recommended • As Amended • Set Public Hearing For CONTINUED TO Recommend that the City Council authorize the the Council to execute the attached agreement property owners, for the structure located at subject to non - substantive changes approved by Attorney. DISCUSSION Request of Applicant V_ 0,k1AA_ UILJ�� Planning Manager City Manager and Clerk of with Noel and Clare Bonn, 1541 East Fourth Street the City Manager and City The applicants, Noel and Clare Bonn, request the approval of Historic Property Preservation Agreement No. 2009 -04 (Mills Act) between the property owner and the City of Santa Ana. Property Description The subject property includes a Spanish Colonial Revival styled residence and garage located at 1541 East Fourth Street and is within the Saddleback View Neighborhood. Surrounding land uses are residential (Exhibit 1), and an office building directly east. 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 to maintain its character and appearance. 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 25F -3