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REQUEST FOR <br />Historic Resources Commission Action <br />"TIM 2RUO <br />APRIL 7, 2011 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2011 -03 FOR THE PROPERTY <br />LOCATED AT 321 EAST EIGHTH STREET <br />Prepared by Hally Soboleske <br />Executive Director <br />RECOMMENDED ACTION <br />HISTORIC RESOURCES COMMISSION SECRETARY <br />APPROVED <br />• As Recommended <br />• As Amended <br />• Set Public Hearing For <br />CONTINUED TO <br />Planning Mars6ger <br />Recommend that the City Council authorize the City Manager and Clerk of the Council to execute <br />the attached agreement with John L. Novak and Michelle D. Light, property owners, for the <br />structure located at 321 East Eighth Street subject to non - substantive changes approved by the <br />City Manager and City Attorney. <br />Request of Applicant <br />The applicants, John L. Novak and Michelle D. Light, request the approval of Historic Property <br />Preservation Agreement No. 2011 -03 (Mills Act) between the property owner and the City of Santa <br />Ana. <br />Property Location and Site Description <br />The subject property includes an Italianate styled residence located at 321 East Eighth Street and <br />is within the French Park National Register Historic District. Surrounding land uses are all <br />residential (Exhibit 1). The lot is 4,504 square feet, and is developed with a 1,032 square foot <br />home and a single car detached garage. <br />Project Background <br />In March 1999, the City Council approved an ordinance authorizing Historic Property Preservation <br />Agreements (HPPA), commonly known as the Mills Act contracts, for eligible historic properties. <br />The agreement provides monetary incentive to the property owner in the form of a property tax <br />reduction in exchange for the owner's voluntary commitment to maintain the property in a good <br />state of repair and to rehabilitate the property as necessary to maintain its character and <br />appearance. Once recorded, the agreement triggers the use of a different valuation method in <br />determining the property's assessed value, thereby resulting in potentially significant property tax <br />savings for the owner. <br />