25B - AGMT - HISTORIC PROPERTY - 2335 N OAKMONT

Home Browse Search

REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: JULY 1, 2014 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2014-02 FOR THE PROPERTY LOCATED AT 2335 NORTH OAKMONT AVENUE �I CIT MANAGER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: APPROVED ❑ As Recommended ❑ As Amended ❑ Ordinance on 1st Reading ❑ Ordinance on 2nd 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 Giles Benjamin Boden Candy and Kristin Meredith Candy, property owners, for the structure located at 2335 North Oakmont Avenue, subject to non - substantive changes approved by the City Manager and City Attorney. HISTORIC RESOURCES COMMISSION ACTION Recommend that the City Council authorize the City Manager and Clerk of the Council to execute the attached agreement with Giles Benjamin Boden Candy and Kristin Meredith Candy, property owners, for the structure located at 2335 North Oakmont Avenue, subject to non - substantive changes approved by the City Manager and City Attorney at its June 5, 2014 meeting by a vote of 7:0 (Hitterdale 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 $12.50 to $617.69 annually, for a period of not less than ten years. � Karen Haluza Interim Executive Director Planning & Building Agency HS:rb hs\historic info \mills act agreaments12335_N_ Oakmont \hppa14- 2_2335NOakmont.cc Exhibit: A. Historic Resources Comm BSt1ff Report