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REQUM FOR <br />Historic Resources Commission Action <br />JANUARY 25,2018 <br />Prepared ley Ricardo Soto <br />C=4913=0 '1111221 <br />APPROVED <br />M As Renommajided, <br />M As Ameadad <br />0 50PLiMet-learoplFor <br />CONT)INUED TO <br />Acting Exeouirel*61 re-clor AefingP ing Manager, <br />RECOMMENDED ACT -1014 <br />Recommend that the City C60cll authorize 'the City Maneper and Clark of the Council to <br />exeWte a Historic Property PreservationAgreement(Mills Act,) with Gia Hoang N90yen for the <br />property located at 2009 North II Street, sybject to rion-substantive changes Approved by <br />the City Manager and City Attorney, <br />Roguastibif Applicant <br />Sia Hoang Nguyen is requesting approval to execute a Mills Act agreement with the, City of <br />Santa Ana at an existing; residence located at 2C 09 North Oakar Street that Is currently Isted on <br />the Santa Ana Reglster of Historical Properties. <br />Protect Location and Site Description <br />The subject property, known as the Prioe-Preston House,, consists of an existing two -stool Colonial <br />Revival style residence that is appiraArnaely 3,240 square (set in size w! , th an attached garage on <br />an 16,719-square-fobt, residential lot (Exhlbtt 1). The home was added to the Santa Ana RegIster,of <br />Historical Properties in 2005 and categorized as "Key," <br />Ana[ysis of the Issues <br />Ordinance No, NS -2382 authorized the Historic Resources Commission to execute Historic <br />Property Preservation Agreements (HPPA), commonly known as Mills Art agreements for <br />eligible properties (Exhibit 2), The property is listed on the Santa Ana Register of Historical <br />Properties and categorized as Key, making it el1giblelor a Mills Act agreement, The agreement <br />provides monetary incentive to the properly owner in the form of a property tax reduction In <br />exchange for the owner's volUntary commitmeritto maintain the property In a good state of repair <br />as necessary to maintain its character and appearance, Once recorded, the agreement <br />generates a different valuation method in determining the property's assessed value, resulting in <br />tax savings for the owner. Aside from the tax savings, the benefits Include: <br />14ANNIIIIIIIIIIII11--K <br />251-41 <br />