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REQUEST FOR <br />�2 <br />Historic Resources Commission Action <br />JUNE 5, 2014 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2014 -01 FOR THE PROPERTY <br />LOCATED AT 2214 NORTH GREENLEAF STREET <br />Prepared by Hally Soboleske <br />w f "\. <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Set Public Hearing For <br />CONTINUER TO <br />s <br />Interim Executive Di ctor rr Acting Plann4eig Manager <br />~_ <br />RECOMMENDED ACTION <br />Recommend that the City Council authorize the City Manager and Clerk of the Council to execute <br />the attached agreement with Walter and Sherrie Gibson, property owners, for the structure located <br />at 2214 North Greenleaf Street subject to non - substantive changes approved by the City Manager <br />and City Attorney. <br />DISCUSSION <br />Request of Applicant <br />The applicants, Walter and Sherrie Gibson, request the approval of Historic Property Preservation <br />Agreement No. 2014 -01 (Mills Act) between the property owner and the City of Santa Ana. <br />Property Description <br />The subject property includes an English Revival styled residence and garage located at 2214 <br />North Greenleaf Street and is within the Floral Park Neighborhood. Surrounding land uses are <br />residential (Exhibit 1). <br />Analysis of the Issues <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 to 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 />EXHIBIT A <br />25A -3 <br />