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REQUEST FOR <br />His o is Resources Commission Action <br />t UMFOc MESOURCM ooMVISSM NEE TM DATE: <br />AUGUST 12, 2010 <br />j <br />HISTORIC RESOURCES CONMSSM SECRETARY <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2010-12 FOR THE PROPERTY <br />LOCATED AT 225 NORTH BROADWAY <br />Prepared by Hally Soboleske <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 the Council to execute <br />the attached agreement with Gumm and Livingston Investments, a General Partnership organized <br />in California, property owner, for the structure located at 225 North Broadway subject to non- <br />substantive changes approved by the City Manager and City Attorney. <br />DISCUSSION <br />Request of Applicant <br />Due to a lack of quorum at the July 1, 2010 Historic Resources Commission meeting, the <br />application has been re-scheduled for a special meeting on August 12, 2010. <br />The applicant, Myrna Livingston, representing Gumm and Livingston Investments, a General <br />Partnership organized in California, requests the approval of Historic Property Preservation <br />Agreement No. 2010-12 (Mills Act) between the property owner and the City of Santa Ana. <br />Property Description <br />The subject property includes an Italian Renaissance Revival structure located at 225 North <br />Broadway and is within the National Register District Historic Downtown. Surrounding land uses <br />are all commercial (Exhibit 1). <br />Analysis of the Issues <br />In March 1999, the City Council approved an ordinance authorizing Historic Property Preservation <br />Agreements (HPPA), commonly known as the Mills Act contracts, for eligible historic properties. <br />The agreement provides monetary incentive to the property owner in the form of a property tax <br />reduction in exchange to the owner's voluntary commitment to maintain the property in a good <br />state of repair and to rehabilitate the property as necessary to maintain its character and <br />appearance. Once recorded, the agreement triggers the use of a different valuation method in <br />determining the property's assessed value, thereby resulting in potentially significant property tax <br />savings for the owner. <br />H <br />2SC'-3