25B - HISTORIC PROPERTY 2453 N RIVERSIDE DR

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REQU EST FOR Historic Resources Commission Action HISTORIC RESOURCES CONMSSION MEETING DATE: OCTOBER 4, 2012 TITLE: HISTORIC RESOURCES COMMISSION SECRETARY HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2012-05 FOR THE PROPERTY LOCATED AT 2453 NORTH RIVERSIDE DRIVE Prepared by Hally Soboleske APPROVED ? As Recommended ? As Amended ? Set Public Hearing For CONTINUED TO CW_-L, KaU4k__, t-1 Executive Director Planning nager 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 James Bradley Penner and Gretchen Joy Penner for the structure located at 2453 North Riverside Drive. DISCUSSION Request of Applicant The applicants, James Bradley Penner and Gretchen Joy Penner, request the approval of Historic Property Preservation Agreement No. 2012-05 (Mills Act) between the applicants and the City of Santa Ana. Property Description The subject property includes a two-story residence and a detached two-car garage located at 2453 North Riverside Drive, and is within the Floral Park neighborhood (Exhibit 1). Surrounding land uses are residential. 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 25B-3