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REQUEST FOR <br />idh2miyl LCXLwff r: a. <br />r - • r <br />x <br />i <br />ice! <br />HISTORIC x COMML%ION SECRETARY <br />APRIL 2, 2015 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO, 2015 -01 FOR THE PROPERTY <br />LOCATED AT 2115 NORTH MAIN STREET <br />(STRATEGIC PLAN NOS. 5, 2; 5, 3) <br />Prepared by tally Soboleske <br />APPROVED <br />• As Recommended <br />• As Amended <br />• Set Public Hearing For <br />CONTINUED TO <br />Interim Executi e Direct Acting Planning Manager <br />Recommend that the City Council authorize the City Manager and Clerk of the Council to execute <br />the attached agreement with Neda and PJ Jahangiri, for the Jahangiri Family Trust, property <br />owner, for the structure located at 2115 North Main Street, subject to non - substantive changes <br />approved by the City Manager and City Attorney. <br />Request of Applicant <br />The applicants, Neda and PJ Jahangiri, for the Jahangiri Family Trust, are requesting approval of <br />Historic Property Preservation Agreement No. 2015 -01 (Mills Act) between the property owner and <br />the City of Santa Ana. <br />Property Description <br />The subject property consists of a single -story residential building currently used for office <br />purposes designed in the Bungalow /Craftsman style of architecture located at 2115 North Main <br />Street in the Santa Ana Triangle neighborhood and in the Professional (P) zoning district. <br />Surrounding land uses include commercial to the north and south, commercial and a parking lot for <br />the Bowers Museum to the west, and residential to the east (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 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 results in 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 B1 <br />25A -15 <br />