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REQUEST FOR Historic Resources Commission Action Hsrowc ~ouRCFrs oon~u~ssloN nn~rr~ oATr_: NOVEMBER 1, 2007 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2007-10 FOR THE PROPERTY LOCATED AT 1819 NORTH ROSS STREET APPROVED ^ As Recommended ^ As Amended ^ Set Public Hearing For CONTINUED TO Prepared by Hally Soboleske (~!~ Executive Director I~-G~.I~Q~n- Planning Ma ager RECOMMENDED ACTION Recommend that the City Council direct the City Attorney to prepare and authorize the City Manager and the Clerk of the Council to execute an agreement with James A. and Carrie E. Johnson, property owners, for the structure located at 1819 North Ross Street. DISCUSSION Request of Applicants The applicants, James A. and Carrie E. Johnson, request the approval of Historic Property Preservation Agreement No. 2007-10 (Mills Act) between the property owners and the City of Santa Ana. Property Description The subject property includes a one-story Craftsman Bungalow styled residence and a detached garage located at 1819 North Ross Street. The property is within the Floral Park neighborhood and the 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 the 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 to the owner's voluntary commitment to maintain the property in a good state of repair and to rehabilitate the property as necessary. 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 25E-3