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<br />REQUEST FOR <br />COUNCIL ACTION <br /> <br />~ <br />~ta!~ <br />~ <br /> <br />CITY COUNCIL MEETING DATE: <br /> <br />CLERK OF COUNCIL USE ONLY: <br /> <br />JUNE 6, 2005 <br /> <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2005-01 FOR THE <br />PROPERTY LOCATED AT 926 NORTH OLIVE <br />STREET <br /> <br />APPROVED <br /> <br />D As Recommended <br />D As Amended <br />o Ordinance on 1st Reading <br />D Ordinance on 2nd Reading <br />D Implementing Resolution <br />o Set Public Hearing For <br /> <br />\.> <br /> <br />-~ <br />a~ ,4aL <br /> <br />CI Y MANAGER <br /> <br />CONTINUED TO <br /> <br />FILE NUMBER <br /> <br />RECOMMENDED ACTION <br /> <br />Direct the City Attorney to prepare and authorize the City Manager and <br />the Clerk of the Council to execute an agreement with Oscar and Mary <br />Catherine Estrada, property owners, for the structure located at 926 <br />North Olive Street. <br /> <br />HISTORIC RESOURCES COMMISSION ACTION <br /> <br />Recommended that the City Council direct the City Attorney to prepare and <br />authorize the City Manager and the Clerk of the Council to execute an <br />agreement with Oscar and Mary Catherine Estrada, property owners, for the <br />structure located at 926 North Olive Street at its May 5, 2005 meeting by <br />a vote of 9:0. <br /> <br />DISCUSSION <br /> <br />After the public hearing on May 5, 2005, the Historic Resources <br />Commission reviewed the proposed Historic Property Preservation Agreement <br />(Mills Act Contract) and concluded that the resulting potential property <br />tax savings would encourage the owner to reinvest the tax savings in the <br />maintenance of their historic property, and would benefit both the owner <br />and the community (Exhibit A). Additionally, the agreement prevents <br />inappropriate alterations. <br /> <br />25A-1 <br />