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UEs" <br />(Historic ResourceEs Cc.rornaiiss -ion Acdon <br />HST °ORC RESOURCES 00MNSSKM MEMING DATE: <br />"tNTLIE: <br />HISTORIC PROPERTY PRESERVATION <br />AGREEMENT NO. 2014 -44 FOR THE <br />DR. M. MCMURRAY HOUSE LOCATED <br />AT 2029 NORTH FLOWER STREET <br />(STRATEGIC PLAN NOS. 5, 2; 5, 3) <br />Prepared by Hally Soboleske <br />N-1iSTOR&C RESOURCES COPYNVf ISS ON SECRErARY <br />APPROVED <br />Cl A„ Recommended <br />L As Amended <br />* Set Public; 1learing For <br />C,ON11NdBED'1 "0 <br />Interim Executive Director Acting PlGrnnl "r'7y 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 Michael J. Weatherly, property owner, for the structure located at <br />2029 North Flower Street, subject to non - substantive changes approved by the City Manager and <br />City Attorney. <br />DISCUSSION <br />Request of Applicant <br />The applicant, Michael Joe Weatherly, is requesting the approval of Historic Property Preservation <br />Agreement No. 2014 -44 (Mills Act) between the property owner and the City of Santa Ana. <br />Property Description <br />The subject property consists of a one -story Ranch Style residence and garage located at 2029 <br />North Flower Street. The site is within the Single Family Residential (R1) zoning district. <br />Surrounding land uses are residential (Exhibit 1). <br />Analysis of the Issues <br />In March 1999, the City Council approved an ordinance authorizing Historic Property Preservation <br />Agreements (HPPA), commonly known as Mills Act contracts, for eligible historic properties. The <br />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 />EXHIBIT B33 <br />25A -373 <br />