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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />MAY 16, 2011 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2011-01 FOR THE <br />PROPERTY LOCATED AT 2024 NORTH <br />VICTORIA DRIVE <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />? As Recommended <br />? As Amended <br />? Ordinance on 1" Reading <br />? Ordinance on 2nd Reading <br />? Implementing Resolution <br />? Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and Clerk of the Council to execute the attached agreement with <br />John M. and Ann P. Coil, property owners, for the structure located at 2024 North Victoria Drive, <br />subject to non-substantive changes approved by the City Manager and City Attorney. <br />HISTORIC RESOURCES COMMISSION ACTION <br />Recommended that the City Council authorize the City Manager and Clerk of the Council to <br />execute the attached agreement with John M. and Ann P. Coil, property owners, for the structure <br />located at 2024 North Victoria Drive, subject to non-substantive changes approved by the City <br />Manager and City Attorney at its April 7, 2011 meeting by a vote of 5:0 (Bustamante absent). <br />DISCUSSION <br />After the public hearing on April 7, 2011, the Historic Resources Commission reviewed the <br />proposed Historic Property Preservation Agreement (Mills Act Contract) and concluded that the <br />resulting potential property tax savings would encourage the owner to reinvest the tax savings in <br />the maintenance of their historic property, and would benefit both the owner and the community <br />(Exhibit A). Additionally, the agreement prevents inappropriate alterations. <br />25E-1