AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 11/6/2019
TO: Honorable Mayor and City Council Members
FROM: Community Development Department
SUBJECT:
Title
City Council consideration of HRPP2019-0001 a Historic Resource Property Preservation Agreement for property listed on the Corona Register of Historic Resources (located at 506 E. Seventh Street). (Applicant: Robert and Angela Montanez)
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RECOMMENDED ACTION:
Recommended action
That the City Council approve HRPP2019-0001, a Historic Resource Property Preservation Agreement for the property listed as Historic Landmark-49 (HL-049) located at 506 E. Seventh Street.
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ANALYSIS:
The property located at 506 E. Seventh Street was approved by the City Council on September 18, 2019, as Historic Landmark HL-049 and placed on Corona's Register of Historic Resources. Because of the property's listing as a local historic landmark, the property owners can participate in a Historic Resource Property Preservation Agreement, also known as the Mills Act Contract with the City of Corona. The Agreement allows the property owner of this historic landmark to receive a reduction in property tax in exchange for a commitment to maintain and preserve the home's historic value. Program regulations specify that the City will process all applications at a single Council meeting for submission to the County Assessor prior to the end of the calendar year. The property tax reduction will become effective on the subsequent year's tax bill. The inclusion of this property into the program will bring the total number of property preservation contracts to 44.
The purpose of the program is to provide financial incentives to owners to preserve and maintain their historic homes for the benefit of the entire community. The preservation of historic resources will have a positive, indirect effect on neighborhoods, businesses, community pride and regional image, particularly in the downtown where the majority of the hi...
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