REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Fred A. Wilson, City Manager
PREPARED BY: Antonia Graham, Assistant to the City Manager
Subject:
title
Approve and authorize execution of a Mills Act Agreement between the City of Huntington Beach and Thomas M. Powell and Carrie D. Powell for the purpose of providing property tax relief for owners of qualified properties who wish to use the savings to preserve their historic property
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Statement of Issue:
On November 3, 2014, the City Council adopted Resolution No. 2014-82 establishing the Mills Act Program. The Mills Act Program provides economic incentive to encourage the preservation of historic buildings. One application was received during the application period.
Financial Impact:
Negligible amount of property tax loss.
Recommended Action:
recommendation
Approve and authorize the Mayor and City Clerk to execute the "Historic Preservation Agreement Containing Covenants, Conditions, and Restrictions Affecting Real Property By and Between the City of Huntington Beach and Thomas and Carrie Powell for the Real Property Located at 702 11th Street Within the City of Huntington Beach ('Mills Act Contract')."
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Alternative Action(s):
Do not approve and direct staff accordingly.
Analysis:
In 1972, the State of California enacted California Government Code Article 12, Section 50280, more commonly known as the "Mills Act." The Mills Act was enacted as an economic incentive program to encourage the preservation of historic buildings. This legislation provides property tax relief for owners of qualified historic properties who contract with a local government to abide by reasonable preservation requirements. The agreement between the property owner and the City allows the property to be assessed using a different methodology, which results in a reduction of property taxes paid by the property owner. Over one hundred (100) cities throughout the ...
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