25D - AGMT - HISTORIC PROPERTIES

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REQUEST Y JULY 23, 2015 TITLE: HISTORIC PROPERTY PRESERVATION AGREEMENT NO. 2015 -11 FOR THE PROPERTY LOCATED AT 1112 NORTH FRENCH STREET (STRATEGIC PLAN NOS, 5, 2; 5, 3) Prepared by Mly Soboleske — ._....._ Execu ive Director - -- APPROVED • As Recommended • As Amended • Set Public Hearing For CONTINUED TO -- Acting Plann'GNWager -- Recommend that the City Council authorize the City Manager and Clerk of the Council to execute the attached agreement with Ricardo Rivas, property owner, for the structure located at 1112 North French Street, subject to non - substantive changes approved by the City Manager and City Attorney. DISCUSSION Request of Applicant The applicant, Ricardo Rivas, is requesting the approval of Historic Property Preservation Agreement No. 2015 -11 (Mills Act) between the property owner and the City of Santa Ana. Property Description The subject property consists of a 1,136 square foot, one -story Italianate and Colonial Revival style residence located at 1112 North French Street. The site is within the French Park (SD -19) zoning district. Surrounding land uses are residential to the north, south and east, and professional office to the west (Exhibit 1). The lot is 6,250 square feet in size. Analysis of the Issues In March 1999, the City Council approved an ordinance authorizing Historic Property Preservation Agreements (HPPA), commonly known as Mills Act contracts, for eligible historic properties. The agreement provides monetary incentive to the property owner in the form of a property tax reduction in exchange for the owner's voluntary commitment to maintain the property in a good state of repair and to rehabilitate the property as necessary to maintain its character and appearance. Once recorded, the agreement triggers the use of a different valuation method in determining the property's assessed value, thereby resulting in potentially significant property tax savings for the owner. 2501-73