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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 -05 FOR THE <br />PROPERTY LOCATED AT 2453 NORTH <br />RIVERSIDE DRIVE <br />r <br />CITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 151 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 />James Bradley Penner and Gretchen Joy Penner, property owners, for the structure located at <br />2453 North Riverside Drive, subject to non - substantive changes approved by the City Manager <br />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 James Bradley Penner and Gretchen Joy Penner, property <br />owners, for the structure located at 2453 North Riverside Drive, subject to non - substantive <br />changes approved by the City Manager and City Attorney at its October 4, 2012 meeting by a <br />vote of 6:0 (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 $190.43 to $952.15 annually, for a period of not less than ten years. <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />-7-1L <br />J". Trevino Francisco Gutierrez <br />Executive Director Executive Director <br />Planning & Building Agency Finance & Management Services Agency <br />HS:rb hs \historic info \mills act agreements \hppat2- 05_2453_N_Riverside.hrc <br />Exhibit: A. Historic Resources Commission Staff Report <br />25B -1 <br />