Title:
Title
Mills Act Contracts: Historical Property Agreements for 1916 26th Street (IR18-272), 2213/2215 25th Street (IR18-306), 530 10th Street (IR18-315), 1011 F Street (IR19-037), and 1100 R Street (IR19-047)
End
FileID
File ID: 2019-00575
Location
Location: 1916 26th Street (010-0044-009-0000); 2213/2215 25th Street (010-0173-001-0000); 530 10th Street (002-0145-026-0000). 1011 F Street (002-0116-020-0000); and 1100 R Street (009-075-011-0000); District 4.
Recommendation:
Recommendation
Pass a Motion authorizing the City Manager or the City Manager's designee to: 1) enter into Mills Act Contracts with each of the owners of the following properties 1916 26th Street, 2213/2215 25th Street, 530 10th Street, 1011 F Street, and 1100 R Street, whereby the owners agree to preserve, restore, and protect their historic properties, for an initial term of ten years with automatic contract renewal each year on the anniversary of the contract execution date; and 2) execute amendments to the Rehabilitation/Restoration/Maintenance Plan (i.e. work plan) that do not result in expense to the City.
Contact: Carson Anderson, Preservation Director, (916) 808-8259; Sean de Courcy, Associate Preservation Planner, (916) 808-2796, Community Development Department
Body
Presenter: None.
Attachments:
1-Description/Analysis
2-Agreement 1916 26th Street
3-Agreeement 2213/2215 25th Street
4-Agreement 530 10th Street
5-Agreement 1011 F Street
6-Agreement 1100 R Street
Description/Analysis
Issue Detail: The City's Mills Act program authorizes owners of qualified historical properties to enter into an agreement with the City whereby the property owner agrees to preserve, restore, and rehabilitate their historical property. In exchange, by entering into a Mills Act contract, the property owner qualifies the property for an assessment of valuation in accordance with California Revenue and Taxation Code section 439 et seq., which may result in tax savings to t...
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