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<br /> <br /> <br /> <br /> REQUEST FOR <br /> Historic Resources Commission Action <br /> <br /> <br /> HISTORIC RESOURCES COMMISSION NEETM DATE: HISTORIC RESOURCES COM ISSION SECRETARY <br /> OCTOBER 7, 2010 APPROVED <br /> TITLE: ? As Recommended <br /> HISTORIC PROPERTY PRESERVATION ? As Amended <br /> AGREEMENT NO. 2010-10 FOR THE PROPERTY ? Set Public Hearing For <br /> LOCATED AT 2127 NORTH GREENLEAF STREET <br /> CONTINUED TO <br /> Prepared by Hally Soboleske <br /> <br /> <br /> <br /> Executive Director Planning Mana r <br /> <br /> RECOMMENDED ACTION <br /> <br /> Recommend that the City Council authorize the City Manager and Clerk of the Council to execute <br /> the attached agreement with Melvin and Catherine Ladd, property owners, for the structure located <br /> at 2127 North Greenleaf Street subject to non-substantive changes approved by the City Manager <br /> and City Attorney. <br /> DISCUSSION <br /> <br /> Request of Applicant <br /> <br /> The applicants, Melvin and Catherine Ladd, request the approval of Historic Property Preservation <br /> Agreement No. 2010-10 (Mills Act) between the property owner and the City of Santa Ana. <br /> <br /> Property Description <br /> The subject property includes a Tudor Revival styled residence located at 2127 North Greenleaf <br /> Street and is within the Floral Park Neighborhood. Surrounding land uses are all residential <br /> (Exhibit 1). <br /> <br /> Analysis of the Issues <br /> <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 for 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 /> <br /> <br /> <br /> <br /> 1 <br /> 25B-3 <br />