To: MAYOR AND CITY COUNCIL
From: MARC WIENER, COMMUNITY DEVELOPMENT DIRECTOR
TITLE
title
APPROVE A HISTORIC PROPERTY PRESERVATION AGREEMENT FOR THE PROPERTY LOCATED AT 707 SOUTH BROADWAY BEGINNING NOVEMBER 12, 2024 FOR A TERM OF TEN YEARS AND AUTOMATIC RENEWAL EVERY YEAR THEREAFTER UNLESS TERMINATED
endEXECUTIVE SUMMARY
The Mills Act is a state law that enables cities to enter into preservation agreements with the owners of officially designated historic buildings. In exchange for assuring continued preservation, property owners qualify for a property tax reduction. The proposed agreement is voluntarily and has been requested by property owners at 707 South Broadway, which was designated as a landmark by the City's Preservation Commission, and, as such, qualifies for consideration of a Historic Property Preservation Agreement (aka Mills Act Agreement).
BACKGROUND
Since October 1992, the City Council has supported the approval of Historic Property Preservation Agreements with owners of properties designated as Local Historic Landmarks. The Mills Act Program has become a major incentive for property owners to apply for Local Historic Landmark designation under the City's Preservation Ordinance, and the number of Redondo Beach property owners interested in the program has increased each year as more property owners have become aware of its availability and benefits.
At this time, recommended is a Historic Preservation Agreement for the property located at 707 South Broadway. The property owner applied for Landmark Designation on April 7, 2024. This address is listed in the City's Historic Resources Survey as an A-rated Craftsman structure. Per the survey, A-rated structures are considered to be "obvious examples of historically significant or notable structures indicated by distinctive architectural characteristics or age." The survey also notes a National rating of "3," which indicates that the property is considered eligible for designat...
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