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HomeMy WebLinkAbout07-45 - Authorizing Implementation of the Mills ActRESOLUTION NO. 07-45 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA, CALIFORNIA, AUTHORIZING THE IMPLEMENTATION OF THE MILLS ACT IN THE CITY OF COSTA MESA. THE CITY COUNCIL OF THE CITY OF COSTA MESA HEREBY RESOLVES AS FOLLOWS: Section 1: WHEREAS, the Mills Act, Government Code Section 50280 et seq., provides cities with the opportunity to contract with property owners of qualified historical resources whereby the owner promises to preserve, restore, and rehabilitate the property in return for a reduced property tax assessment; and WHEREAS, the City desires to encourage the protection of historic resources in the city for current and future generations; and WHEREAS, the Mills Act will also have beneficial effects on City businesses, economic stability and community pride by preserving important historic resources; and WHEREAS, the use of the Mills Act will fulfill the City's General Plan goals, calling for the promotion and preservation of significant historic resources by developing and implementing such incentives as the Mills Act; and WHEREAS, property owners, in consideration for abiding by the terms of the Agreement, shall be entitled to a reassessment of valuation of the historic resource and any corresponding reduction in property taxes pursuant to the provisions of the California Revenue and Taxation Code; and WHEREAS, it is the City's expectation that property owners will use the property tax savings accrued under this Agreement to fund the rehabilitation and preservation of historic resources, to compensate owners for past improvements to historic resources, and to ensure historic resources continue to be maintained in an architecturally consistent manner. Section 2: The program implementing California Government Code, Article 12, Section 50280 et seq. for the purpose of preserving, rehabilitating, and maintaining designated historic resources, shall be known as the Mills Act. Section 3: The City Council hereby delegates to the Deputy City Manager/Development Services Director or his/her designee, the authority and responsibility to develop and maintain an application for properties seeking qualification and participation in the Mills Act, as well as the authority and responsibility to review and make a recommendation to the City Council on any application submitted pursuant to the Mills Act. The City Council is the final authority on the authorization and approval of the Mills Act. Section 4: The City Council hereby delegates to the Deputy City Manager/Development Services Director or his/her designee, the authority and responsibility to coordinate, process, and execute each Historic Property Preservation Agreement following approval of the Agreement by City Council resolution. PASSED AND ADOPTED this 1St day of May, 2007. ATTEST: Julie olcik, City Clerk Allan R. Mansoor, Mayor APPROVED AS TO FORM: Kimberly H611 Barlow, City Attorney STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF COSTA MESA ) I, JULIE FOLCIK, City Clerk of the City of Costa Mesa, DO HEREBY CERTIFY that the above and foregoing is the original of Resolution No. 07-45 and was duly passed and adopted by the City Council of the City of Costa Mesa at a regular meeting held on the 1St day of May, 2007, by the following roll call vote, to wit: AYES: COUNCIL MEMBERS: MANSOOR, BEVER, DIXON, FOLEY, LEECE NOES: COUNCIL MEMBERS: NONE ABSENT: COUNCIL MEMBERS: NONE IN WITNESS WHEREOF, I have hereby set my hand and affixed the seal of the City of Costa Mesa this 2nd day of May, 2007. Qv..e-? 7z, -<"� JUL FOLCI , CITY CLERK