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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />JULY 1, 2014 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 20114-01 FOR THE <br />PROPERTY LOCATED AT 2214 NORTH <br />GREENLEAF STREET <br />CITY MANY GER <br />CLERK OF COUNCIL USE ONLY: <br />F.T07100WO, , <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1s1 Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For ®_ <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and Clerk of the Council to execute the attached agreement with <br />Sherrie Gibson, property owner, for the structure located at 2214 North Greenleaf Street, subject <br />to non - substantive changes approved by the City Manager and City Attorney. <br />HISTORIC RESOURCES COMMISSION ACTION <br />Recommended that the City Council authorize the City Manager and Clerk of the Council to <br />execute the attached agreement with Sherrie Gibson, property owner, for the structure located at <br />2214 North Greenleaf Street, subject to non - substantive changes approved by the City Manager <br />and City Attorney at its June 5, 2014 meeting by a vote of 7:0 (Hitterdale absent). <br />DISCUSSION <br />This action allows for the approval of a Historic Property Preservation Agreement (Mills Act <br />Contract) which provides a potential property tax reduction allowing the property owner to <br />reinvest the tax savings into the maintenance of the historic property (Exhibit A). Additionally, the <br />agreement prevents inappropriate alterations. <br />FISCAL IMPACT <br />The Historic Property Preservation Agreement will reduce the property tax revenue to the City by <br />an estimated $133.95 to $669.76 annually, for a period of not less than ten years. <br />Karen Haluza <br />Interim Executive Director <br />Planning & Building Agency <br />HS: rb <br />Whistoric into \mills act agreements12214 N_Greenleaflhppai4 -1 2214NGreenleaf.cc <br />Exhibit: A. Historic Resources Commission Staff Report <br />25A -1 <br />