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REQUEST FOR <br />Historic Resources Commission Action <br />Hlsrowc RESOURCIrs a~ M~~ a4~: <br />NOVEMBER 1, 2007 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2007-16 FOR THE PROPERTY <br />LOCATED AT 2412 NORTH HELIOTROPE DRIVE <br />HISTORIC RESOURCES COMMISSION SECRETARY <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Set Public Hearing For <br />CONTINUED TO <br />Prepared by Hally Soboleske <br />C ~~ ~, <br />xecutive Director <br />Planning Ma ger <br />RECOMMENDED ACTION <br />Recommend 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 Marjorie Panzer, property owner, for the structure <br />located at 2412 North Heliotrope Drive. <br />DISCUSSION <br />Request of Applicants <br />The applicant, Marjorie Panzer, requests the approval of Historic <br />Property Preservation Agreement No. 2007-16 (Mills Act) between the <br />property owner and the City of Santa Ana. <br />Property Description <br />The subject property includes a one-story Spanish Colonial Revival <br />styled residence and a detached garage located at 2412 North Heliotrope <br />Drive. The property is within the Floral Park neighborhood and the <br />surrounding land uses are residential (Exhibit 1). <br />Analysis of the Issues <br />In March 1999, the City Council approved an ordinance authorizing <br />Historic Property Preservation Agreements (HPPA), commonly known as the <br />Mills Act contracts, for eligible historic properties. The agreement <br />provides monetary incentive to the property owner in the form of a <br />property tax reduction in exchange to the owner's voluntary commitment <br />to maintain the property in a good state of repair and to rehabilitate <br />the property as necessary. Once recorded, the agreement triggers the <br />use of a different valuation method in determining the property's <br />assessed value, thereby resulting in potentially significant property <br />tax savings for the owner. <br />EXHIBIT A <br />25J-3 <br />