TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
Anne McIntosh, Community Development Director
Laurie Jester, Planning Manager
Angelica Ochoa, Associate Planner
SUBJECT:Title
Resolution No. 18-0034 Adopting a Mills Act Program and Consideration of Associated Fees to Provide Reduced Property Taxes for Properties Designated by the City as Historic Resources (Community Development Director McIntosh).
a) DISCUSS AND PROVIDE DIRECTION
b) ADOPT RESOLUTION NO. 18-0034
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council consider the attached Resolution No. 18-0034 to establish a Mills Act Program and consider associated application fees.
FISCAL IMPLICATIONS:
Adoption of the Mills Act Program will require additional staff time and resources. A reduction in property tax revenue is anticipated with the implementation of a Mills Act Program as described in the staff report from October 2014 (Attachment 1).
BACKGROUND:
On June 17, 2014, the City Council discussed the implementation of a Mills Act Pilot Program to provide tax incentives to property owners to preserve, maintain and restore designated historic properties in the City. On October 7, 2014, the City Council approved the Mills Act Pilot Program Resolution (Attachment 2).The Pilot Program expired on October 7, 2016. Since no applications were received, City Council did not establish a permanent Mills Act Program.
On August 1, 2017 the City adopted a new Historic Preservation Ordinance to conserve historical landmarks throughout the City. A provision regarding Mills Act contracts is included in the Historic Preservation Ordinance as a preservation incentive to property owners.
DISCUSSION:
As part of the Mills Act Program, the City has the option of limiting annual revenue loss from property tax revenues, the maximum number of Mills Act contracts approved per year, the maximum a...
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