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REQUEST FOR Historic Resources Commission Action APRIL 7, 2011 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2010 -19 FOR THE PROPERTY LOCATED AT 2126 NORTH ROSS STREET Prepared by Hally_Soboleske S�� - cutive Director RECOMMENDED ACTION . Z K k4k, - APPROVED • As Recommended • As Amended • Set Public Hearing For CONTINUED TO Planning Man er Recommend that the City Council authorize the City Manager and Clerk of the Council to execute the attached agreement with Thomas and Amy Tsotsis, property owners, for the structure located at 2126 North Ross Street subject to non - substantive changes approved by the City Manager and City Attorney. Request of Applicant The applicants, Thomas and Amy Tsotsis, request -the approval of Historic Property Preservation Agreement No. 2010 -19 (Mills Act) between the property owner and the City of Santa Ana. Property Location and Site Description The subject property includes a Spanish Colonial Revival styled residence located at 2126 North Ross Street, between Santa Clara Avenue and Nineteenth Street, and is within the Floral Park neighborhood. Surrounding land uses are all residential (Exhibit 1). The lot is 9,250 square feet, and is developed with a 1,381 square foot home and a detached garage. Project Background 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 for 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. A