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File #: 19-0066    Version: 1
Type: Public Hearing - Staff Report Status: Agenda Ready
In control: City Council Regular Meeting
On agenda: 3/19/2019 Final action: 3/19/2019
Title: Consider Designating 2820 Highland Avenue as a Historic Landmark and Approving a Mills Act Contract (Community Development Director McIntosh). ADOPT RESOLUTION NO. 19-0014
Attachments: 1. Resolution No. 19-0014, 2. Mills Act Contract and Application, 3. Planning Commission Staff Report and Attachments (September 26, 2018) (Web-Link Provided), 4. Planning Commission Minutes (September 26, 2018) (Web-Link Provided), 5. Public Comments (Received After September 20, 2018), 6. Public Comments (Postcards Received), 7. Property Tax Percentage Chart
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
Consider Designating 2820 Highland Avenue as a Historic Landmark and Approving a Mills Act Contract (Community Development Director McIntosh).
ADOPT RESOLUTION NO. 19-0014
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council adopt Resolution No. 19-0014 designating 2820 Highland Avenue as a historic landmark and approving a Mills Act contract.
Body
FISCAL IMPLICATIONS:
If the Mills Act contract is approved for the subject property, a reduction of approximately $10,000 per year of property taxes is anticipated. The City's portion of this reduction is about 15% or $1,500 annually. However, the Los Angeles County Assessor (Assessor) will review, analyze, and determine the final calculation for property tax reduction to the property owner.

BACKGROUND:
On February 16, 2016, the City Council adopted amendments to the Zoning Code to revise the Historic Preservation regulations, Chapter 10.86, to designate historic landmarks throughout the City, with owner's consent. The Historic Preservation regulations are intended to identify buildings, structures, and sites that are of particular historic or cultural significance and define the City's heritage and historic development.

On March 20, 2018, the City Council adopted the Mills Act Program, Resolution No. 18-0034, and associated fees. A Mills Act Program provides property tax reductions to property owners who agree to invest in the preservation and rehabilitation of qualifying historic properties through a Preservation Agreement. The Preservation Agreement allows the owner to receive a reduction in property taxes in exchange for the property owner's commitment to repair, restore, rehabilitate, or otherwise...

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