25A - AGMT - HISTORIC PROPERTY - 301 E 8TH ST

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REQUEST FOR Historic Resources Commission Action OCTOBER 2, 2014 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2014-03 FOR THE PROPERTY LOCATED AT 301 EAST EIGHTH STREET (STRATEGIC PLAN NOS. 5, 2; 5, 3) Prepared by Hally Soboleske all_- Interim Exe tive D' ector t J RECOMMENDED ACTION APPROVED ❑ As Recommended ❑ As Amended ❑ Set Public Hearing For CONTINUED TO Acting P nnin anager Recommend that the City Council authorize the City Manager and Clerk of the Council to execute the attached agreement with Ira Blitz, property owner, for the structure located at 301 East Eighth Street, subject to non - substantive changes approved by the City Manager and City Attorney. DISCUSSION Request of Applicant The applicant, Ira Blitz, is requesting the approval of Historic Property Preservation Agreement No. 2014 -03 (Mills Act) between the property owner and the City of Santa Ana. Property Description The subject property consists of a two -story Craftsman styled residence and garage located at 301 East Eighth Street. The site is within the Specific Development No. 19 (SD -19) zoning district. Surrounding land uses are residential (Exhibit 1). Analysis of the Issues In March 1999, the City Council approved an ordinance authorizing Historic Property Preservation Agreements (HPPA), commonly known as 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. EXHIBIT A 25A -3