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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 -03 FOR THE <br />PROPERTY LOCATED AT 321 EAST <br />EIGHTH STREET <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />uaawww <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1St 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 L. Novak and Michelle D. Light, property owners, for the structure located at 321 East <br />Eighth Street, subject to non - substantive changes approved by the City Manager and City <br />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 L. Novak and Michelle D. Light, property owners, for <br />the structure located at 321 East Eighth Street, subject to non - substantive changes approved by <br />the City Manager and City Attorney at its April 7, 2011 meeting by a vote of 5:0 (Bustamante <br />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 />25F -1 <br />