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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />SEPTEMBER 7, 2010 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2010-13 FOR THE <br />PROPERTY LOCATED AT 602 SOUTH <br />BROADWAY <br />C KY 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 2nd Reading <br />? Implementing Resolution <br />? Set Public Hearing For_ <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and Clerk of the Council to execute the attached agreement with Armin <br />Schwegler, property owner, for the structure located at 602 South Broadway subject to non- <br />substantive changes approved by the City Manager and City Attorney. <br />HISTORIC RESOURCES COMMISSION ACTION <br />Recommended that the City Council authorize the City Manager and Clerk of the Council to execute <br />the attached agreement with Armin Schwegler, property owner, for the structure located at 602 South <br />Broadway subject to non-substantive changes approved by the City Manager and City Attorney at its <br />August 12, 2010 meeting by a vote of 5:0 (Bustamante absent). <br />DISCUSSION <br />After the public hearing on August 12, 2010, the Historic Resources Commission reviewed the <br />proposed Historic Property Preservation Agreement (Mills Act Contract) and concluded that the <br />resulting potential property 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 and the community (Exhibit <br />A). Additionally, the agreement prevents inappropriate alterations. <br />25D -1