Laserfiche WebLink
REQUEST ' <br />Resources Hilstom . <br />HSTOFaCFESOURCESCOMMtSSIONREETMOATE:: <br />OCTOBER 2, 2014 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2014-11 FOR THE PROPERTY <br />LOCATED AT 102 WEST FOURTH STREET <br />(STRATEGIC PLAN NOS. 5,2; 5,3) <br />Prepared by Hally Soboleske <br />APPROVED <br />• As Recommended <br />• As Amended <br />• Set Public Hearing For <br />CONTINUED TO <br />Interim E ecyti a Director Acting Panning anager <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 Miller -Burg- DuPont, Inc., property owner, for the structure located at <br />102 West Fourth Street, subject to non - substantive changes approved by the City Manager and <br />City Attorney. <br />Request of Applicant <br />The applicant, Miller -Burg- DuPont, Inc., is requesting approval of Historic Property Preservation <br />Agreement No. 2014-11 (Mills Act) between the property owner and the City of Santa Ana. <br />Property Description <br />The subject property consists of a six -story commercial building designed in an Italian <br />Renaissance Revival style architecture that is located at 102 West Fourth Street. The site is within <br />the Specific Development No. 84 (SD -84) zoning district. Surrounding land uses are commercial <br />(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 Mills Act contracts, for eligible historic properties. The <br />agreement provides monetary incentive to the property owner in the form of a property tax <br />reduction in exchange for the owners 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 />2501-3 <br />