25A - AGMT - HISTORIC PROPERTY 2418 N POINSETTA

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REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: AUGUST 5, 2013 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2013-01 FOR THE PROPERTY LOCATED AT 2418 NORTH POINSETTIA RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: APPROVED ? As Recommended ? As Amended ? Ordinance on 1s` Reading ? Ordinance on 2nd Reading ? Implementing Resolution ? Set Public Hearing For CONTINUED TO FILE NUMBER Authorize the City Manager and Clerk of the Council to execute the attached agreement with Jeffrey Dresser and Sandra Meza, property owners, for the structure located at 2418 North Poinsettia Street, subject to non-substantive changes approved by the City Manager and City Attorney. HISTORIC RESOURCES COMMISSION ACTION Recommended that the City Council authorize the City Manager and Clerk of the Council to execute the attached agreement with Jeffrey Dresser and Sandra Meza, property owners, for the structure located at 2418 North Poinsettia Street, subject to non-substantive changes approved by the City Manager and City Attorney at its July 11, 2013 meeting by a vote of 5:0 (Bustamante and Schaefer absent). DISCUSSION After the public hearing on July 11, 2013, the Historic Resources Commission reviewed the proposed Historic Property Preservation Agreement (Mills Act Contract) and concluded that the resulting potential property tax savings would encourage the owner to reinvest the tax savings in the maintenance of their historic property, and would benefit both the owner and the community (Exhibit A). Additionally, the agreement prevents inappropriate alterations. FISCAL IMPACT The Historic Property Preservation Agreement will reduce the property tax revenue to the City by an estimated $66.85 to $344.27 annually, for a period of not less than ten years. Trevino Exe utive Director Planning & Building Agency HS:rb hs\historic info\milIs act agreements\2418N Poi nsetha\hppa 13-01 cc Exhibit: A. Historic Resources Commission Staff Report 25A-1