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REQUEST FOR <br />Historic Resources Commission Action <br />FISTORIC RESOURCES CONIMSSION NEE TM DATE: <br />APRIL 7, 2011 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2011 -01 FOR THE PROPERTY <br />LOCATED AT 2024 NORTH VICTORIA DRIVE <br />Prepared by Hally Soboleske <br />r , <br />• -� • -� r• .� • F <br />APPROVED <br />• As Recommended <br />• As Amended <br />• Set Public Hearing For <br />CONTINUED TO <br />— qV-511 — 46),A_� 4e�� <br />Executive Director Planning Manager <br />RECOMMENDED ACTION <br />Recommend that the City Council authorize the City Manager and Clerk of the Council to execute <br />the attached agreement with John M. and Ana P. Coil, property owners, for the structure located at <br />2024 North Victoria Drive subject to non - substantive changes approved by the City Manager and <br />City Attorney. <br />Request of Applicant <br />The applicants, John M. and Ana P. Coil, request the approval of Historic Property Preservation <br />Agreement No. 2011 -01 (Mills Act) between the property owner and the City of Santa Ana. <br />Property Location and Site Description <br />The subject property includes a Tudor Revival styled residence located at 2024 North Victoria <br />Drive and is within the Floral Park neighborhood. Surrounding land uses are all residential <br />(Exhibit 1). The lot is 12,244 square feet, and is developed with a 3,185 square foot home and a <br />detached garage. <br />Project Background <br />In March 1999, the City Council approved an ordinance authorizing Historic Property Preservation <br />Agreements (HPPA), commonly known as the Mills Act contracts, for eligible historic properties. <br />The agreement provides monetary incentive to the property owner in the form of a property tax <br />reduction in exchange for the owner's voluntary commitment to maintain the property in a good <br />state of repair and to rehabilitate the property as necessary to maintain its character and <br />appearance. Once recorded, the agreement triggers the use of a different valuation method in <br />determining the property's assessed value, thereby resulting in potentially significant property tax <br />savings for the owner. <br />E <br />25E -3 <br />