25A - AGMT - HISTORIC PROPERTY 932 N FRENCH

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REQUEST FOR Historic Resources Commission Action HISTORIC RESOURCES COMMISSION NEETM DATE: APRIL 5, 2012 HISTORIC RESOURCES CONMISM SECRETARY TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2011-06 FOR THE PROPERTY LOCATED AT 932 NORTH FRENCH STREET Prepared by Hally Soboleske APPROVED ? As Recommended ? As Amended ? Set Public Hearing For CONTINUED TO V OAXAA Executive Director Planning Manager RECOMMENDED ACTION Recommend that the City Council direct the City Attorney to prepare and authorize the City Manager and the Clerk of the Council to execute an agreement with Jerome Morin for the structure located at 932 North French Street. DISCUSSION Request of Applicant The applicant, Jerome Morin, requests the approval of Historic Property Preservation Agreement No. 2011-06 (Mills Act) between the applicant and the City of Santa Ana. Property Description The subject property includes a two-story residence, and is within the French Park National Register District zone SD19 (Exhibit 1). Surrounding land uses are all residential with multi-family adjacent to the west, and Flat Iron Park immediately across French Street to the 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. C 25A-3