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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />NOVEMBER 19, 2012 <br />TITLE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2012 -04 FOR THE <br />PROPERTY LOCATED AT 2002 NORTH <br />HELIOTROPE DRIVE <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 15f Reading <br />❑ Ordinance on 2 "d 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 />Laszlo J. and Patricia A. Biro, property owners, for the structure located at 2002 North Heliotrope <br />Drive, 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 Laszlo J. and Patricia A. Biro, property owners, for the <br />structure located at 2002 North Heliotrope Drive, subject to non - substantive changes approved <br />by the City Manager and City Attorney at its October 4, 2012 meeting by a vote of 6:0 <br />(Bustamante and Yrarrazaval absent). <br />DISCUSSION <br />After the public hearing on October 4, 2012, 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 />FISCAL IMPACT <br />The Historic Property Preservation Agreement will reduce the property tax revenue to the City by <br />an estimated $148.44 to $742.20 annually, for a period of not less than ten years. <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Jay', Trevino Francisco Gutierrez <br />Executive Director Executive Director <br />Planning & Building Agency Finance & Management Services Agency <br />HS:rb <br />hs\historic info \mills act agreements \hppal2- 04_2002_N_Heliotrope.cc <br />Exhibit: A. Historic Resources Commission Staff Report <br />25A -1 <br />