25B - HISTORIC PROPERTY 2450 N BONNIE BRAE

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REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: NOVEMBER 4, 2013 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2013 -03 FOR THE PROPERTY LOCATED AT 2450 NORTH BONNIE BRAE CITY MANA ER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: •C• o ❑ As Recommended ❑ As Amended ❑ Ordinance on 1� Reading ❑ Ordinance on 2ntl 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 the property owner Andrea Michelle Hopper for the structure located at 2450 North Bonnie Brae, 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 the property owner Andrea Michelle Hopper for the structure located at 2450 North Bonnie Brae, subject to non - substantive changes approved by the City Manager and City Attorney at its October 3, 2013 meeting by a vote of 5:0 (Hitterdale, Schaefer absent). DISCUSSION This action allows for the approval of a Historic Property Preservation Agreement (Mills Act Contract) which provides a potential property tax reduction allowing the property owner to reinvest the tax savings into the maintenance of the historic property (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 $75.90 to $379.52 annually, for a period of not less than ten years. J6VM. Trevino Executive Director Planning & Building Agency HS:rb hs\historic info \mills act agreementsJ2450N Bonn ieBrae \hppa13 -03.cc Exhibit: A. Historic Resources Commission Staff Report 2513-1