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HomeMy WebLinkAbout10/01/1996, 3 - CITIZENS' REQUEST TO RECONSIDER ADOPTION OF THE HISTORIC PROPERTY TAX INCENTIVE PROGRAM. 2 council aGEnaa aEpout CITY O F SAN LUIS O B I S P O FROM: Arnold Jo PREPARED BY: Jeff H V SUBJECT: Citizens' request to reconsider adoption of the Historic Property Tax Incentive Program. CAO RECOWA ENDATION: Adopt a resolution establishing the historic property tax incentive program and authorizing the Mayor to send a letter to the San Luis Obispo County Assessor initiating the program. REPORT-IN-BRIEF Last year the City Council considered the Mills Act program and decided at that time not to adopt the program. This item is returning to the Council for reconsideration at the request of a citizens' group -- Citizens For historic Preservation — who have submitted a petition in support of the program. The Mills Act program allows cities to use a partnership approach to historic preservation. The City establishes the program, determines which properties are eligible through its authority to designate locally significant historic properties, and enters into historic preservation contracts with property owners who choose to participate. The property owner agrees to maintain (and in some cases, restore) historic properties according to adopted preservation standards in return for tax benefits. The County participates by assessing participating historic properties according to methods outlined by State law. The County of San Luis Obispo previously opposed the program due to concerns with the program's potential fiscal effects. The Assessor suggested alternatives and requested reimbursement for County staff costs if the program is implemented. DISCUSSION Although legally available since 1977, this special tax assessment method has not been applied in San Luis Obispo County. About 40 California communities have Mills Act programs, including: La Verne, Long Beach, Redondo Beach, San Diego, Palo Alto, Rancho Cucamonga and Sacramento. The City of Paso Robles is also considering its own Mills Act program. Following a presentation at an American Planning Association Conference, staff looked into starting such a program in San Luis Obispo as part of the City's historic preservation program. After meeting with the County Assessor last year, staff determined that a tax incentive program was feasible and that it could promote the City's historic preservation goals by encouraging the preservation and "listing" of historic properties. The Cultural Heritage Committee (CHC) held two public hearings to discuss the incentive, and found that it could have significant public benefits. On July 2nd Council received a petition with over 60 signatures asking Council to reconsider the Historic Property Tax Incentive Program, and Council directed to staff to agendize the item. In February 7, 1995 the City Council considered the earlier CHC recommendation to adopt the Council Staff Report Page 2 program, heard public testimony, and referred the item back to the CHC for further study. Then on March 27, 1995 the CHC voted 5-0 to reaffirm its support for the historic property tax incentive program and to recommend that the Mayor send a letter to the County Tax Assessor initiating the program. The CHC found that the public benefits of the program were likely to outweigh the expected tax revenue losses; and that a significant number of Master List properties have been under the same ownership since 1978, thus minimizing the program's possible fiscal effects. After reviewing the additional information at its May 2, 1995 meeting, Council decided not to adopt the program. Councilmembers supported re-establishing the Historical Preservation Loan program at budget hearings(minutes attached). Because of a higher priority being assigned to other major City goals, staff has not yet developed a historic rehabilitation loan program. General Plan Policy General Plan policies strongly encourage the preservation of historic structures. For example, the Land Use Element provides that: "Historically or architecturally significant buildings should not be demolished or substantially changed in outward appearance, unless doing so is necessary to remove a threat to health and safety and other means to avoid the threat are infeasible. The street appearance of buildings which contribute to a neighborhood's architectural character should be maintained. ' To implement preservation policies, the Conservation Element recommends that: 'Accommodations for upgrading buildings having historical significance should be included in the building code. Zoning regulations and tax rate structures should be revised to encourage renovation of such buildings. " The Mills Act The Mills Act (Government Code Sections 50281, 50282) provides cities and counties with an important historic preservation tool by giving them authority to assess designated historic properties differently than non-historic properties. It is one of the few preservation incentives available which provide significant financial benefits to owner-occupants of historic homes as well as to owners of income properties. This State law allows qualifying historical properties to be assessed using a "capitalization of income" method, rather than the usual method based on comparative sales data. This method can result in a lower assessed value for the property, thereby reducing property taxes. To qualify, a property must be designated on a Federal, State or local historic listing and must be covered under a Mills Act contract, as defined in Government Code Section 50280.1. The minimum term of a Mills Act contact is 10 years, and each year the contract is automatically renewed for an additional year on a specified date, unless a notice of non-renewal is given. Either the property owner or the City may elect not to renew for any reason. The effect of non-renewal Council Staff Report Page 3 is to terminate the contract at the end of the current ten year term. The Mills Act contract links individual property tax savings to the public benefits of preserving historic properties. The contract obligates the property owner to maintain the property in good condition and comply with specific restoration or rehabilitation measures. Typical requirements include prohibition on demolition, or allowing exterior building changes only with city approval. The contract also provides for reasonable public access for viewing the property (building exterior only in most cases). The contract may also provide for periodic inspection of the property to assure compliance with the contract terms. If the property owner breaches the contract, the city has the option of either bringing legal action against the owner for compliance, or"canceling" the contract. In this case, the City must give the property owner 60-day notice and hold a public hearing. If the City decides not to renew due to breach of contract, the owner is assessed a "recapture" fee of 12 1h percent of the property's market value at the time of cancellation. This amount is paid to the County Assessor for deposit in the State General Fund. Cities may collect a fee, in an amount "not to exceed the reasonable cost of administering this program", as a condition of entering into a historic preservation contract. Cities are not required to, but may use a portion of the fee to reimburse counties for their costs to administer Mills Act contracts. State law also provides for recordation of the contract within 20 days of its execution. Although contracts may be entered into at any time, the new valuation will not take effect until the assessment date of March 1st in any given year. Mills Act contracts are binding on all successors in interest to the original owner. A sample contract is attached. Who is Eligible to Participate? Property owner participation in the program is completely voluntary. Owners of residential and commercial properties on the City's Master List of Historic Resources would be eligible to participate in the program. There are 170 properties on the Master List (91 residential; 65 commercial; 14 other). Additional properties meeting the criteria in the City's Historic Preservation Prograrn Grddelines could be added by the City Council, on nomination by the CHC. The criteria can be difficult to meet and the number of properties which could be added to the Master List is expected to be small. Of the properties which are currently eligible, not all would benefit from the program. For example, 14 properties are either govemment-owned or churches and pay little or no property tax. Many other historic properties have been under the same ownership since the passage of Proposition 13 in 1978, and consequently, are not likely to benefit from the program. Approximately one-half of the Master List properties are believed to fall into this category. There may be a concern that a large number of requests for Mills Act contracts will be made, resulting in significant tax losses. However, based on responses in other communities since the act was passed, the number of property owners choosing to participate will remain relatively S -3 Council Staff Report Page 4 small. In the unlikely event that demand is higher than expected or desired, the Council could simply limit the number of contracts to a yearly maximum, set more specific criteria for participation, or discontinue the program except for existing contracts. How the Progrmn Woks Program benefits extend to both individual property owners and the community at large. Property owners who choose restoration and preservation over demolition are rewarded through reduced property taxes. The community receives benefits through preservation and improvement of historic buildings which represent the community's cultural and architectural heritage. To the extent that Mills Act contracts are tied to specific requirements for upkeep, architectural restoration, and correction of building code deficiencies, the tax reduction can defray property owner costs to maintain and improve historic buildings. At the request of a city, state law requires county assessors to assess historical properties under contract by a "capitalization of income method" instead of the usual "comparative fair market value" method, according to Revenue and Tax Code Section 439.1. This alternative assessment can sometimes result in lower assessed values, and hence, lower property taxes for qualifying properties. Examples of property tax calculations under the Mills Act are attached. - When a property is owner occupied, the determination of "income" is based on what a property could reasonably be expected to yield, or on an amount stipulated in the contract as the minimum income to be used. The income projected for owner occupied property is based on comparable rents for similar property in the area or, if sufficient rental information is not available, the income that could reasonably be expected under prudent management (Rev. and Tax Code, Section 439.2(x)). In the case of income producing property, the income amount is based on rent actually received and on typical rentals received for similar property in similar use. One criticism is that there is no guarantee that property owner's tax savings will translate into restoration or improved upkeep of historic properties. That is true. However through the contract, the City can specify property improvements which must be made in return for the tax benefits received. The tax savings also help offset an owner's existing costs of owning, maintaining and/or restoring an historic building — costs which tend to be higher than for comparable, new buildings. Importantly, the program may also achieve other City objectives; for example, seismic retrofit. Mills Act contracts may be used offset property owner costs to retrofit historic unreinforced masonry (URM) buildings, or to offset increased property taxes due to building improvements. The program's overall effect may be to encourage property owners to preserve an historic building in lieu of demolition and redevelopment with more intensive uses. The Mills Act contract provides the legal mechanism to tie the program's tax benefits to specific City expectations regarding preservation and maintenance. In his 1983 article "Preservation Law and Economics", Richard J. Roddewig compared income and expenses on newer and older buildings from a 1980 survey of downtown offices in the U.S. and Canada and pointed out that: "...gross income per square foot on older buildings is substantially less than on new Council Staff Report Page 5 buildings, and expenses -- except for taxes, insurance and energy — are substantially higher on older buildings. Total income on older buildings is a little more than 70 percent of new building income. On the average, it costs more to operate the same amount of space in an older structure than it does in a new buildings. ' It is difficult to quantify the program's public benefits; however other cities' experiences indicate that incentives such as the Mills Act give property owners (and prospective owners) a financial incentive to preserve and restore historic buildings and to reinvest in neighborhoods. They also help create a sense of good will and demonstrate a cities' commitment to historic preservation. Community Interest Interested property owners have submitted a petition asldng Council to reconsider the program. The Chamber of Commerce has also submitted a letter in support of the tax incentive program. San Luis Coastal Unified School District and the County Tax Assessor were informed about this most recent citizen-initiated proposal and received a copy of the staff report. FISCAL IMPACT Participation in this type of tax incentive program will reduce City and County tax revenues. Actual fiscal effects are difficult to determine and depend on: the number of properties participating, current property uses and last reassessment date, property condition, and property owner response to the program. City Fiscal Impact Because it is difficult to predict the number of property owners who would participate in the program, a worst-case scenario was analyzed. A worst-case approximation of the reduction of City property tax revenues can be calculated as follows (figures based on 1993-94 tax assessments and are assumed to be comparable to 1995-96 assessments): Total assessed valuation of City Master List properties $54,807,482 Total assessed valuation under new assessment method' $27,403.741 New property tax valuation for historic properties $27,403,741 To determine the tax revenue impact on the City, the new assessed valuation is then multiplied by 1 percent (maximum general purpose tax rate) to calculate property tax, and then by 14 percent to determine the City's share of the property tax revenue: $27,403,741 X .01 X .14 = $38,365 'According to a Deputy Assessor for San Luis Obispo County, the program could result in a reduction in assessed valuation of between 33 and 50 percent per property for qualifying historic properties which have been sold since the passage of Proposition 13. 2%5. Council Staff Report Page 6 Thus, the City could lose about $38,000 in property tax revenue annually assuming that: 1) all of the properties on the Master List participated in the tax incentive program; and 2) the assessed valuation of all the properties was reduced by 50 percent. This would represent a reduction of about one percent in the City's total property tax revenue ($38,365/$3,863,800) based on projections for 1996-97. This "worst-case" assumption is highly unlikely, and the actual fiscal effects would probably be much less than $38,000. About one-half of the eligible properties have been under the same ownership since passage of Proposition 13, and are not likely to participate since they already have relatively low property tax assessments. Other communities with Mills Act programs in place have experienced participation rates of 10 - 15 percent of the eligible properties. A more realistic approximation of annual City property tax loss is $3,800 to $5,700. County Escal Impacts A variety of agencies receive a portion of property taxes collected in the City of San Luis Obispo. These include: San Luis Coastal Unified School District (about 36%); County General Fund (about 20% after State transfer); Cuesta College (6%); County Schools (4%); Library (1.9%); Port San Luis Authority (1.6%); Air Pollution Control District (0.1 ft and others. Property tax collection methods are fairly complex, and actual percentages allocated to each taxing agency vary depending on where the taxed property is located in the County. Nevertheless, an approximate "worst case" fiscal impact can be estimated as follows: General pu=se taxes collected under current method Total Assessed Valuation of Master List Properties: $54,807,482 Tax Collected (.O1X total assessed valuation) = 548,000 Less 14% taxes allocated to City of SLO [76,0001 Tax revenue available to County taxing agencies $ 472,000 Taxes collected under Mills Act New Assessed Valuation of Master List Properties: $27,403,741 (reduced by up to 50% due to Mills Act) Tax Collected (.01 X total assessed valuation) = 2749000 Less taxes allocated to City of SLO [38,000] Tax revenue available to County taxing agencies $ 236,000 Therefore, the estimated worst case revenue to County taxing agencies is a 50% reduction from $472,000 to$236,000. This assumes that every property owner in the City eligible to participate in the program: 1) will benefit from the program; and 2) actually chooses to participate — a highly unlikely scenario. In other cities which have enacted Mills Act programs, the participation rate is relatively low — 10 to 15 percent. A more realistic estimate of the program's fiscal impact on Council Staff Report Page 7 County revenues is expected to be an annual reduction in property tax revenue of approximately $71,000 annually, or about three-tenths of 1 percent of the total property taxes collected countywide($179,000,000). Of this, San Luis Unified School District funding would be reduced by an estimated$26,000, or about 36 percent of property taxes collected in the City. The County Tax Assessor's previous estimate of reduced property tax revenue of$400,000 assumed that all qualified historic properties would receive an average $2,500 tax savings — a scenario that the Assessor conceded was unlikely. Additional City and County staff time would be required to implement the program, including public information services and updating the Tax Assessors' policies, procedures and equipment. The Tax Assessor provided estimates of County costs to implement the program. Assuming at least 16 properties participate, County staff costs were estimated at $11,400, plus an annual maintenance cost of$3,500. The City may, but is not mandated to offset County or City costs to administer the program. The CHC recommended against charging fees for the program, feeling that this would be contrary to the program's intent and could discourage participation. If staffing costs to implement the program prove to be significant, the Mills Act allows the City to charge reasonable fees to recoup processing costs of Mills Act contracts. If the City Council wishes to proceed with the program it should adopt a resolution establishing the program's purpose and intent, and formally request that the County Assessor establish procedures for assessing historic properties pursuant to State law. Application procedures will be developed by the CHC and staff, and included in the Historic Preservation Program Guidelines, due to be updated in 1997. ALTERNATIVES 1. Adopt a pilot program. The Council may choose to adopt a 1 year pilot program, possibly limiting the number of Mills Act contracts to be entered into. After 1 year, the Council could reevaluate the program for its preservation benefits and fiscal effects. If desired, the program could be discontinued with executed contracts allowed to expire after the minimum 10-year term. 2. Modify the program. The Council could adopt a modified program, possibly including an application fee to cover staff costs, additional eligibility requirements or incentives. For example, the City of Vallejo charges an application fee of $1,000 (spread over 3 years), and some communities limit the Mills Act program only to a designated few "landmark" buildings; or extend tax'benefits only to those properties which have been restored. The Council may also establish a fee to offset staffing costs to implement the program. Staff does not recommend establishing a fee at this time; however it may be appropriate to set a reasonable fee to defray staffing costs after the City and County have experience with the program and can more accurately gauge its effects. 3. Do not approve the program. The Mills Act program is voluntary, and the Council may choose not to participate. j Council Staff Report Page 8 Attachments:. Draft resolution, Master List of.Historic Resources, petition, letter from SLO Chamber of Commerce, Council minutes, sample tax calculation and Mill's Act Contract. RESOLUTION NO. (1996 SERIES) A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISPO ESTABLISHING A HISTORIC PROPERTY TAX INCENTIVE PROGRAM AND AUTHORIZING THE MAYOR TO INITIATE THE PROGRAM WITH THE COUNTY OF SAN LUIS OBISPO. WHEREAS, Article 1.9 of the California Revenue and Taxation Code provides for the differential property tax assessment of certain enforceably restricted properties to encourage historic restoration and preservation; and WHEREAS, the City's General Plan policies encourage the use of tax incentives and other means to encourage property owners to protect, restore and preserve historic buildings; and WHEREAS, tax incentives for qualifying historic properties benefit the entire community and improve the City's appearance by encouraging the preservation and restoration of heritage buildings, fostering pride and reinvestment in neighborhoods, and by defraying a portion of the costs of restoring and maintaining historic structures; and WHEREAS, the City's Cultural Heritage Committee has considered the potential costs and benefits of a property tax incentive program, and has recommended the establishment of such a program pursuant to State law; and WHEREAS, this City Council has considered the Committee's recommendation and desires to establish a tax incentive program in the City of San Luis Obispo, based on the findings herein described; NOW THEREFORE BE IT RESOLVED by the Council of the City of San Luis Obispo as follows: SECTION I. Findings. The Council finds the following: 1. The proposed Historic Property Tax Incentive Program is consistent with the General Plan, and will implement policies therein calling for the protection, restoration, preservation and maintenance of historically significant structures; and 2. The proposed Program will benefit the Public by enhancing the Community's appearance and preserving historically significant buildings which help describe and document the Community's heritage; and 3. Adoption of the proposed Program is exempt from environmental review under the City's Environmental Guidelines and under Section 15308 of the California Environmental Quality Act. SECTION 2. Historic Property Tax Incentive Program Established. The Council hereby establishes a tax incentive program known as the "Historic Property Tax Incentive Council Resolution No. (1996 Series) Page 2 Program", to be administered by the Community Development Director, on advice and recommendation of Cultural Heritage Committee, subject to State Law and the following local requirements. 1. The purpose of the program is to encourage the restoration, preservation and upkeep of historic structures in the City of San Luis Obispo, including both residential and commercial properties. 2. Participating properties may be located anywhere in the City. Only those properties listed in the "Master List of Historic Resources" shall be eligible to participate in the tax incentive program. 3. To qualify for the program, owners of eligible properties must enter into a Historical Property Contract with the City of San Luis Obispo. The Community Development Director is hereby authorized to execute such contracts, subject to the City's Historic Preservation Program goals, policies and preservation guidelines, and subject to the requirements of State law. 4. The City Council may amend or terminate the program by resolution at any time, after holding a public hearing and providing appropriate public and property owner notice, as required by law. 5. The Community Development Director shall establish application and review procedures to administer the program. Participation in the program is optional, and shall be at no cost to the property owner. The City may charge reasonable and necessary fees to recover costs of executing, filing, and administering historical property contracts. SECTION 3. Authorization to Initiate the Program. The Mayor is hereby authorized to send a letter to the County of San Luis Obispo to initiate the program. On motion of , seconded by and on the following roll call vote: AYES: NOES: ABSENT: the foregoing Resolution was passed and adopted this 1 st day of October, 1996. Council Resolution No. (1996 Series) Page 3 Mayor Allen Settle ATTEST: City Clerk APPROVED: X5 /it to y jhfUkxpa.Mt 2-11 MASTER LIST OF HISTORIC RESOURCES 09/03/96 Address Historic Name Zane Land ValueImprovements Total 1451 ANDREWS ANDREWS ADOBE R-1-S $24,189 $28,193 $52,382 148 BROAD BRAZIL HOUSE R-1 $20,000 $38,364 $58,364 963 BROAD 14ANDERSCHEID HOUSE R-3-H $32,587 82,626 $35,213 1345 BROAD ANDERSON HOUSE 0-H $96,208 $94,974 $191,182 1411 BROAD MATER HOUSE R-2-H $67,393 $104,466 $171,859 1426 BROAD DUTTON HOUSE R-2-H $41,640 $83,947 5125,587 1435 BROAD MILLER HOUSE R-2-H $79,767 $247,603 $327,370 1445 BROAD FALKENSTEIN HOUSE R-2-H $150,000 $200,000 $350,000 1504 BROAD VETTERLINE HOUSE R-2-H $205,000 $205,000 5410,000 1510 BROAD MCKENNON HOUSE R-2-H $77,061 $171,909 $248,970 1516 BROAD RENETZKY HOUSE R-2-H $79,767 $166,089 $245,856 1530 BROAD TUCKER HOUSE R-2-H $30,000 $52,575 $82,575 714 BUCHON MYRON ANGEL HOUSE R-2-H $11,768 $27,997 $39,765 726 BUCHON JESSIE WRIGHT MATERNITY HOME R-2-H 595,799 $101,277 5197,076 743 BUCHON BRADBURY SANITARIUM R-2-H $31,767 $60,244 $92,011 745 BUCHON BRADBURY HOUSE R-2-H $94,962 $145,238 $240,200 751 BUCHON KAISER HOUSE R-2-H $30,000 894,176 $124,176 752 BUCHON STANTON HOUSE R-2-H $72,710 $154,620 $227,330 771 BUCHON BREW HOUSE R-2-H S49,315 5100,554 $149,869 779 BUCHON UPHAM HOUSE R-2-H 833,789 $96,185 $129,974 785 BUCHON MARSHALL HOUSE R-2-H $79,767 $197,120 $276,887 793 BUCHON CROCKER HOUSE R-2-H $86,341 $206,841 $293,182 794 BUCHON FITZGERALD HOUSE R-2-H $22,268 $54,091 $76,359 850 BUCHON CLARK/NORTON HOUSE R-2-H 5129,697 $292,288 5421,985 860 BUCHON HOURIHAN HOUSE R-2-H $22,586 $44,225 $66,811 890 BUCHON PAULSON HOUSE R-2-H $8,270 $21,154 $29,424 896 BUCHON CROSSETT HOUSE R-2-H $165,000 $115,000 $280,000 1350 CALIFORNIA SLO HIGH SCHOOL GYMNASIUM PF 868 CHORRO MANCILLA/FREITAS ADOBE R-4 5149,867 $19,238 $169,105 941 CHORRO MISSION SAN LUIS OBISPO C-C-S-H $21,460 5157,412 $178,872 964 CHORRO SAUER/ADAMS ADOBE C-C-H $141,162 $142,342 $283,504 1026 CHORRO WADE BUILDING C-C-H $233,828 5110,036 5343,864 1029 CHORRO DUGHI BUILDING C-C-H $74,242 $89,130 $163,372 1033 CHORRO 1306 CHORRO REGAN HOUSE 0 5177,838 $73,504 $251,342 1318 CHORRO MAZZA HOUSE 0 $19,496 $13,268 $32,764 1518 CHORRO BROOKS HOUSE R-2-H $27,359 $44,225 $71,584 1546 CHORRO FLEUGER HOUSE R-2-H 413,590 $31,478 $45,068 1746 CHORRO ASTON HOUSE R-2 $130,000 $95,000 $225,000 1907 CHORRO FINNEY HOUSE R-2 $16,063 $10,176 $26,239 1953 CHORRO OLIVER HOUSE R-2 $97,142 $21,500 $118,642 466 DANA DANA STREET ADOBE R-3-H $15,619 $15,619 532 DANA ANDERSON HOUSE R-3-H 543,575 $37,133 $80,708 550 DANA BARNEBERG HOUSE O-H-PD 527,335 $83,571 $110,906 1119 GARDEN UNION HARDWARE BUILDING C-C-H $252,975 5683,032 $936,007 1123 GARDEN SMITH BUILDING C-C-H $236,875 542,111 $278,986 1129 GARDEN LAIRD BUILDING C-C-H $289,514 $36,847 $326,361 1130 GARDEN STOVER BUILDING C-C-H $67,422 $148,333 $215,755 1212 GARDEN GOLDTREE/MCCAFFREY HOUSE C-C $193,213 $336,787 $530,000 1105 GEORGE EDWARD F. BUSHNELL HOUSE R-2 541,074 5130,684 $171,758 2132 HARRIS WEILL HOUSE R-2 $94,738 $99,860 $194,598 50 HIGUERA DIV. OF HIGHWAYS DIST. 5 OFF. PF 75 HIGUERA LOOMIS FEED CO. WAREHOUSE C-S-S $150 2,420,000 2,420,150 236 HIGUERA H. H. WAITE PLANING MILL C-S $427,489 $543,175 $970,664 570 HIGUERA GOLDEN STATE CREAMERY C-C $372,405 $794,097 1,166,502 719 HIGUERA GREENFIELD BUILDING C-C-H 520,000 $9,175 529,175 726 HIGUERA KLUVER CIGAR FACTORY C-C-H $189,692 $532,331 $722,023 736 HIGUERA CARRISA BUILDING C-C-H $292,141 $525,658 $817,799 740 HIGUERA VOLLMER GROCERY C-C-H $26,568 $11,935 $38,503 767 HIGUERA UNION NATIONAL BANK BUILDING C-C-H $82,603 $131,970 $214,573 777 HIGUERA DOTON BUILDING C-C-H $220,000 5125,000 $345,000 796 HIGUERA JOHNSON BUILDING C-C-H $184,617 $314,186 $498,803 799 HIGUERA COMMERCIAL BANK BUILDING C-C-H 588,674 $59,035 $147,709 �3-/2 ter List of Historic Resources ,e 2 842 HIGUERA WARDEN/TOWER BUILDING C-C-H $404,760 $657,735 1,062,495 849 HIGUERA GOLDTREE BLOCK/HOTEL WINEMAN C-C-H $565,276 5429,921 $995,197 852 HIGUERA A. F. FITZGERALD BUILDING C-C-H 548,367 $48,367 $96,734 856 HIGUERA SANDERCOCK TRANSFER BUILDING C-C-H $75,000 5150,000 $225,000 3897 HIGUERA S LONG/BONETTI RANCH M-SP $852,772 1,700,000 2,552,772 1100 IRIS SOUTHERN PACIFIC WATER TOWER C/OS 461 ISLAY ERICKSON HOUSE R-2 $182,142 $207,439 $389,581 463 ISLAY FUMIGALLI HOUSE R-2 $47,191 $87,424 $134,615 497 ISLAY VOLLMER HOUSE R-2 $195,000 $110,000 $305,000 535 ISLAY SANDERCOCK HOUSE R-2-H $200,000 $160,000 $360,000 591 ISLAY SANDERCOCK HOUSE R-2-H $111,309 5131,547 $242,856 644 ISLAY DANA/PARSONS HOUSE R-2-H $74,005 $115,581 $189,586 670 ISLAY FITZPATRICK HOUSE R-2-H $123,856 $61,928 $185,784 687 ISLAY ERICKSON HOUSE R-2-H $73,592 $82,019 $155,611 690 ISLAY KIMBALL HOUSE R-2-H $13,040 546,613 $59,653 790 ISLAY JACKSON HOUSE R-2-H $18,605 $59,609 $78,214 777 JOHNSON BUCKLEY HOUSE R-2-H $20,000 $28,619 548,619 1720 JOHNSON THE JUDGE'S HOUSE R-2 $90,000 $169,100 $259,100 1019 LEFF POST HOUSE R-3-H $50,000 $190,482 $240,482 1590 LIZZIE BOWDEN ADOBE R-1-SP $130,000 $130,000 100 MADONNA MADONNA INN C-T,C-T-S $660,000 3,373,321 4,033,321 536 MARSH JACK HOUSE C-C 547 MARSH KAETZEL HOUSE C-C $135,000 $200,000 $335,000 774 MARSH SNYDER BUILDING C-C-H $37,406 $105,106 $142,512 859 MARSH MASONIC TEMPLE C-C $73,447 $240,861 $314,308 893 MARSH U.S. POST OFFICE C-C 951 MARSH FIRST PRESBYTERIAN CHURCH C-C $239,825 $864,931 1,104,756 981 MARSH 1117 MARSH - ESOUAR HOUSE 0 $173,708 $95,802 $269,510 1129 MARSH RAMAGE HOUSE 0 $71,608 $20,726 $92,334 1135 MARSH SHIPMAN HOUSE 0 $71,608 $20,726 $92,334 141 MARSH THE NURSE'S HOUSE 0 $71,608 $20,726 592,334 45 MARSH FAULKNER HOUSE 0 $71,608 $20,726 $92,334 060 MARSH STOVER'S SANITARIUM 0 $639,292 5674,164 1,313,456 1167 MARSH GRAVES HOUSE 0 $80,000 $130,000 $210,000 1305 MARSH REID HOUSE 0 $309,641 $144,499 $454,140 1266 MILL SHIPSEY HOUSE R-2-H $20,000 $28,619 $48,619 1306 MILL SMITH HOUSE R-2-H $26,143 540,971 $67,114 1330 MILL MUSCIO HOUSE R-2-H $112,628 $237,116 $349,744 1424 MILL MAINO HOUSE R-2 $64,394 $75,841 $140,235 1460 MILL MUGLER HOUSE R-2 $309,641 $433,497 $743,138 1660 MILL DR. LONG HOUSE RESIDENCE R-2 $130,000 $50,000 $180,000 642 MONTEREY HAYS/LATTIMER ADOBE O-H $183,765 $88,916 $272,681 664 MONTEREY MORGANTI HOUSE 0-H 540,000 560,680 $100,680 696 MONTEREY OLD CITY LIBRARY PF-H 747 MONTEREY MURRAY ADOBE PF-H 848 MONTEREY SAUER BAKERY C-C-H $50,000 $31,523 $81,523 849 MONTEREY SINSHEIMER BUILDING C-C-H $60,000 $166,882 $226,882 868 MONTEREY MUZIO'S GROCERY C-C-H $100,000 $247,158 $347,158 951 MONTEREY ANDERSON HOTEL C-C-H 5604,653 1,813,967 2,418,620 962 MONTEREY BRUNNER BUILDING C-C-H $139,926 $452,376 $592,302 969 MONTEREY LOOBLINER BUILDING C-C-H $177,082 5131,547 $308,629 978 MONTEREY ANDREWS BUILDING C-C-H 5251,775 $169,895 5421,670 1035 MONTEREY FREMONT THEATER C-C-H $929,881 $227,910 1,157,791 1815 MONTEREY MONDAY CLUB C-T-S $144,819 $30,568 $175,387 2223 MONTEREY MILESTONE MOTEL INN C-T-S $762,447 $235,083 $997,530 1406 MORRO SNYDER HOUSE R-3-H 557,431 $85,644 $143,075 1511 MORRO MARTHA DUNLAP HOUSE R-2-H $165,000 5102,500 $267,500 1624 MORRO BULLARD HOUSE R-3-H $35,633 $59,819 $95,452 1636 MORRO BAKER HOUSE R-3-H $35,633 $59,819 $95,452 1642 MORRO ALBERT HOUSE R-3-H $35,633 $59,819 $95,452 991 NIPOMO HARMONY CREAMERY 0-H $151,726 $242,859 $394,585 1015 HIPOMO CROWN SODA WORKS C-C-H-PD 590,000 $76,182 $166,182 1204 NIPOMO LOGAN HOUSE C-C $71,285 $58,321 $129,606 1344 NIPOMO ST. STEPHEN'S EPISCOPAL CHURCH R-2-H $70,000 $409,910 $479,910 4407 NIPOMO PATTON HOUSE R-3-H $18,132 $8,110 526,242 28 NIPOMO ROGERS HOUSE R-2-H $47,191 562,529 $109,720 .446 NIPOMO NICHOLS HOUSE R-2-H $13,230 $69,114 $82,344 J -/3 Master List of Historic Resources Page 3 4025 ORCUTT RODRIGUEZ ADOBE R-1-SP 890 OSOS TEASS HOUSE 0-H $313,378 $427,335 $740,713 976 OSOS COUNTY COURTHOUSE PF-H 1301 OSOS FIRST BAPTIST CHURCH 0 $89,324 $96,771 $186,095 1443 OSOS M. F. AVILA HOUSE R-2-H $29,905 $49,634 $79,539 1700 OSOS ALLEN HOUSE R-3-H $161,904 $103,719 $265,623 1716 OSOS HAGEMAN SANITARIUM R-3-H $104,610 $200,970 $305,580 1815 OSOs REIDY HOTEL C-R-S-H $297,604 1,244,879 1,542,483 863 PACIFIC ZION LUTHERAN CHURCH 0 $396,797 $279,053 $675,850 1106 PACIFIC KUNDERT MEDICAL BUILDING 0 $133,673 $129,978 $263,651 1185 PACIFIC DALLIDET ADOBE 0 800 PALM AN LOUIS STORE C-C-H $172,396 $10,422 $182,818 990 PALM SAN LUIS OBISPO CITY HALL PF-H 1144 PALM PAYNE HOUSE 0 $88,276 $97,346 $185,622 1305 PALM RIGHETTI APARTMENTS R-3-H $21,035 $53,219 $74,254 1314 PALM RIGHETTI HOUSE R-3-H $135,000 $327,000 $462,000 71 PALOMAR SANDFORD HOUSE R-4 $132,747 $21,964 $154,711 1127 PEACH J. MAINO HOUSE R-2-H $19,902 $16,394 $36,296 1128 PEACH MAINO/RIGHETTI HOUSE R-2-H $19,902 $22,585 $42,487 280 PISMO OLD GAS WORKS C-S $87,650 $13,217 $100,867 559 PISMO BIDDLE HOUSE R-3-H $160,000 $115,000 $275,000 649 PISMO MCMANUS HOUSE R-2-H $76,745 $152,236 $228,981 671 PISMO LEWIN HOUSE R-2-H $14,475 $31,835 $46,310 676 PISMO GREENFIELD HOUSE 0-H $11,451 $28,312 $39,763 1116 PISMO VOLLMER HOUSE R-2-H $44,632 $47,149 $91,781 1123 PISMO THORNE HOUSE R-2-H $28,951 $18,766 $47,717 1011 RAILROAD S.P. DEPOT C-S-S-H 1021 RAILROAD SP TRANSPORTATION CO. BLDG. C-S-S-H 1335 ROUNDHOUSE SOUTHERN PACIFIC ROUNDHOUSE C-S-S 1703 SANTA BARBARA CALL HOTEL R-3-H $47,191 $76,189 $123,380 1717 SANTA BARBARA WILLIAM M. DUFF HOUSE R-3-H $74,097 $66,777 $140,874 1725 SANTA BARBARA ALEXANDER GALEWSKI HOUSE R-3-H $53,940 $32,601 $86,541 1763 SANTA BARBARA TRIBUNE BUILDING R-3-H $74,097 $142,125 $216,222 1763 SANTA BARBARA TRIBUNE-REPUBLIC BUILDING R-3-H $74,097 $142,125 $216,222 1880 SANTA BARBARA CHANNEL COMMERCIAL COMPANY C-R-S-H $188,721 1,258,166 1,446,887 1940 SANTA BARBARA SOUTHERN PACIFIC WAREHOUSE C-S-S 1445 SANTA ROSA KINDERGARTEN SCHOOL PF-H 1531 SANTA ROSA ADRIANCE COURT R-3-H $145,111 $278,137 $423,248 txn_Mucr.tsr Citizens For Historic Preservation P.O.Box 14110. •SAN LUIS OBISPO,CA 93401 •805542-9286•Fax:805545-9075 •E-MAIL-MCAPLAW@accESs4.coM July 2, 1996 Mayor Allen Settle and Members of the City Council City of San Luis Obispo 990 Palm St. San Luis Obispo, CA 93401 Honorable Mayor and Council Members: Citizen Support In June of 1995, a measure came before the City Council to provide tax Mr. R. Vessley relief to owners of historic homes and buildings for the preservation of those building. We believe the program was well conceived and would have received the votes necessary to pass had we, the property owners Mr. R. Porter and citizens of San Luis Obispo, expressed the support we felt for the program. Consequently, we ask that the program be placed on the Ms. P. Pinard agenda for reconsideration by the council. ' Mr. A. Merriam The program's focus on preserving the beauty of the historic architecture of San Luis Obispo benefits both current and future citizens. Many of the Mr. A. McVay residential and commercial historic buildings are the architectural gems that give the city that special feeling we have come to associate with Mr. D. Krieger being in San Luis Obispo. It is our responsibility as citizens of this area to preserve these buildings so that future citizens may enjoy that same Mr. R. Fox sense of history and community that we feel. Mr. J. Elder The beauty of the residential and commercial historic buildings in San Luis Obispo is ultimately in the hands of the property owners. Historic Mr. M. Carlaw buildings bring with them special safety and maintenance considerations. Ownership can be considered more a labor of love than an shrewd Mr, R. Belknap financial investment. Upgrading and maintaining historic buildings is very expensive; in many cases, the owner's equity investment in a property far exceeds market value. Nevertheless, most owners take pride in their Association Support buildings and would invest more money in their maintenance if it was economically feasible. Cham6er of Commerce Each of us in this community benefits when an owner of a historic building takes the time and money to preserve it. They deserve our encouragement and support. JUL b I", Crn'COUNCIL CA Page 2 July 1, 1996 The economic benefits of this indirect investment in the community is difficult to quantify but is, nevertheless, quite real. Preservation of our historic buildings makes San Luis Obispo a more delightful and attractive town to tourists and business owners looking for new locations. Some portion of the revenue derived from tourists and new businesses flows back to the City. While we recognize the potential of a slight revenue loss to the City as a result of this program, City revenues could actually increase as a result of the encouragement this program gives to owners and neighborhoods to beautify their buildings. In addition to community support, the preservation of historic buildings is strongly supported in the General Plan. To implement preservation policies, the Conservation Element recommends that "zoning regulations and tax rate structures should be revised to encourage renovation of such(historic) buildings". Mayor Settle, since provision for this program was granted by the State in 1977, many cities including Santa Barbara and San Francisco have implemented similar programs to preserve an protect their community heritage. We would like to see such a program in this community. We ask that the measure be placed on the agenda for reconsideration by the council in the very near future so that we, as a community, can show our support for its implementation. Thank you for your help and consideration. Sincerely, Mr. ay Elder Mr. Malcolm Carlaw Citizens of San Luis Obispo (See attached signatures) cc: Mr. John Dunn Mr. Jeff Hook Petition for the Implementation of the Historic Preservation Tax Incentive Program We, the undersigned, believe that the Historic Preservation Tax Incentive Program will benefit current and future citizens of San Luis Obispo by encouraging the owners of historic buildings to preserve and protect those buildings. This will: • Encourage the preservation of much of the architectural history that makes San Luis Obispo a special place to live. • Increase our sense of neighborhood pride because our historic homes get that extra care they need to stay beautiful. • Make San Luis Obispo a more attractive and delightful city for tourists and new businesses, thereby strengthening the economic foundation of the City. We ask that the City Council of San Luis Obispo give it's unanimous approval to this program and support our efforts to preserve and protect the beauty of these historic neighborhoods and commercial centers for future generations. Name Street Address Phone# •- 7 5. x C _6� 6 6. 6. Z e ,� s. 9. i. ' -cc S G %�F.�c c.�-�� C 611 ) lo. 11. IL42,1 o . T 4,4 - 392.8 12. v14- 2/7 Petition for the Implementation of the Historic Preservation Tax Incentive Program We, the undersigned, believe that the Historic Preservation Tax Incentive Program will benefit current and future citizens of San Luis Obispo by encouraging the owners of historic buildings to preserve and protect those buildings. This will: • Encourage the preservation of much of the architectural history that makes San Luis Obispo a special place to live. • Increase our sense of neighborhood pride because our historic homes get that extra care they need to stay beautiful. • Make San Luis Obispo a more attractive and delightful city for tourists and new businesses, thereby strengthening the economic foundation of the City. We ask that the City Council of San Luis Obispo give it's unanimous approval to this program and support our efforts to preserve and protect the beauty of these historic neighborhoods and commercial centers for future generations. Name Street Address Phone# 1. c /-3Z�-/ W11 4. GfFTC, C A 5. I 6 a � 6. 766 0 OIL& — ES� 7. 77� �7�_3-ZO27 9. %✓L �vGL J1/ ^YL ^ �uCw� t . .S Ali lo. ' 1-7(? S43 - 917.5' 1. S +1 q 12. ,�'__ 1 79y Via, s-yJ - 7.s-- Petition for the Implementation of the Historic Preservation Tax Incentive Program We, the undersigned, believe that the Historic Preservation Tax Incentive Program will benefit current and future citizens of San Luis Obispo by encouraging the owners of historic buildings to preserve and protect those buildings. This will: • Encourage the preservation of much of the architectural history that makes San Luis Obispo a special place to live. • Increase our sense of neighborhood pride because our historic homes get that extra care they need to stay beautiful. 9 Make San Luis Obispo a more attractive and delightful city for tourists and new businesses, thereby strengthening the economic foundation of the City. We ask that the City Council of San Luis Obispo give it's unanimous approval to this program and support our efforts to preserve and protect the beauty of these historic neighborhoods and commercial centers for future generations. Name Street Address Phone# ` 1. ,�/r/�/� �x X743 f�u�l-l�,�R� S� ��- .�9Cx✓ z. �os �l04 l-E-ovt l3 Go �u*.t> eJ 4. L v rvq L o L,L ,& y br ve- s. 7. `T M -2?`P 1 Q* 4eXQS SL.i� .5`�b'0833 Kic�I Sy4- ?7� 8. � 9. ✓ a�� . s�� s -�y 2- 10. 11. �i9 c 4F �i�'i c r ,Z 3 6 12. � � yS� 4o� At, C SYs-6.120 — � O Petition for the Implementation of the Historic Preservation Tax Incentive Program We, the undersigned, believe that the Historic Preservation Tax Incentive Program will benefit current and future citizens of San Luis Obispo by encouraging the owners of historic buildings to preserve and protect those buildings. This will: • Encourage the preservation of much of the architectural history that makes San Luis Obispo a special place to live. • Increase our sense of neighborhood pride because our historic homes get that extra care they need to stay beautiful. • Make San Luis Obispo a more attractive and delightful city for tourists and new businesses, thereby strengthening the economic foundation of the City. We ask that the City Council of San Luis Obispo give it's unanimous approval to this program and support our efforts to preserve and protect the beauty of these historic neighborhoods and commercial centers for future generations. N * Street Address Phone# 2. 3. 4. 5. r,7 _ 6. 7. y�.�.1_ - it i�• U s. 5Y6-Jf�y 9. a c1��►1 ar;�A -3o c.o 10. L/ YI I A a � 5 5�14—42) 12. 3a� Petition for the Implementation of the Historic Preservation Tax Incentive Program We, the undersigned, believe that the Historic Preservation Tax Incentive Program will benefit current and future citizens of San Luis Obispo by encouraging the owners of historic buildings to preserve and protect those buildings. This will: • Encourage the preservation of much of the architectural history that makes San Luis Obispo a special place to live. • Increase our sense of neighborhood pride because our historic homes get that extra care they need to stay beautiful. • Make San Luis Obispo a more attractive and delightful city for tourists and new businesses, thereby strengthening the economic foundation of the City. We ask that the City Council of San Luis Obispo give it's unanimous approval to this program and support our efforts to preserve and protect the beauty of these historic neighborhoods and commercial centers for future generations. Name Street Address Phone# - 1. U sI�N k."\ s c� 2. �,� ,Sa 6L, GF- �IG3 .i�lA.� s'_ 5�•: 544 -3166 4. b t g5a1 .�..L.o. 5q-1 •l oD1 5. q 5-34 Waqu"zv SL6 6. s. Yess�l' �1 FAe4L Ct Sk, • 71M 7. Zo 9. 10. L'. <V) Z 77 11. 12. Petition for the Implementation of the Historic Preservation Tax Incentive Program We, the undersigned, believe that the Historic Preservation Tax Incentive Program will benefit current and future citizens of San Luis Obispo by encouraging the owners of historic buildings to preserve and protect those buildings. This will: • Encourage the preservation of much of the architectural history that makes San Luis Obispo a special place to live. • Increase our sense of neighborhood pride because our historic homes get that extra care they need to stay beautiful. • Make San Luis Obispo a more attractive and delightful city for tourists and new businesses, thereby strengthening the economic foundation of the City. We ask that the City Council of San Luis Obispo give it's unanimous approval to this program and support our efforts to preserve and protect the beauty of these historic neighborhoods and commercial centers for future generations. Name Street Address Phone# 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 3 -� San Luis Obispo Chamber of Commerce 1039 Ct orro Street • San Luis Obispo, California 93401.3278 (805) 781.2777 • FAX (805) 543.1255 e-mail: sio-ctiamber@slonet.org David E. Garth, Executive Director June 20, 1996 Mayor Allen Settle and Members of the City Council City of San Luis Obispo San Luis Obispo,California 93401 Honorable Mayor and Council Members: The San Luis Obispo Chamber of Commerce would like to voice its support of the proposed Historic Tax Preservation Program that will be coming before you shortly. The City of San Luis Obispo has repeatedly emphasized its desire to preserve historic structures. The Chamber wholeheartedly supports these efforts, as the historic nature of our surroundings directly benefits our quality of life, as well as the sense of place that it so important in a closely-knit community such as ours. It is our belief that because historic properties provide a clear, community-wide benefit to our city's citizenry, incentive programs that allow owners to more effectively preserve historic properties are a wise investment. Because the cost to the City is relatively low, and provides such a high return to quality of life,we feel that the Historic Tax Preservation Program is a particularly good vehicle in this regard. The Chamber applauds the possibility for creating a "win-win" situation with this program. The Historic Tax Preservation Program allows property owners and the City to build a partnership to protect the important historical assets of our community. Yours very truly, �� �• TEN TEARS Robert L. Griffin President ACCREDITED ........... City Council Meeting Tuesday, May 2, 1995 -7:00 p.m. Page 5 COUNCIL LIAISON REPORTS C.L.R.1. Mayor Settle and Vice Mayor Romero reported that the County Board of Supervisors adopted CDBG funding; the City's Historical Museum improvement request was not included. C.L.R.2. Council Member Smith stated that Cal Poly held Poly Forum and is developing a battery operated bus project Poly Forums will be held four times a year. PUBLIC HEARINGS 1. ENHANCED NEIGHBORHOOD PROTECTION PROGRAM (File No. 422) Council held a public hearing to consider existing efforts and policies for neighborhood action and additional measures to further assist neighborhoods with existing resources. Moved by RomeroNVilliams to continue this item to the meeting of May 16, 1995; motion carried (5-0). 2. HISTORIC PRESERVATION TAX INCENTIVE PROGRAM (File No. 458) Council held a public hearing to consider a recommendation by the Cultural Heritage Committee to initiate a Historic Property Tax Incentive program that would allow qualifying historical properties to be assessed based on an income method rather than comparative sales data. Council Member Smith stepped down due to a potential conflict of interest. Jeff Hook. Associate Planner, reviewed the proposal based upon the Mills AcL Mayor Settle declared the public hearing open. Dan Krieger, 662 Islay, urged Council to adopt the program. Dick Frank. County Assessor, stated the program would be a burden on his staff and that the tax savings would not rehabilitate older homes. Astrid Gallagher. Chair of the Cultural Heritage Commission, spoke in favor of the proposal. John Edmisten. 3055 Bahia Court, stated the program would enhance the community. Mayor Settle declared the public hearing closed. Council discussed alternatives,required staffing,terms of contracts,lost tax revenues and property maintenance. Moved by Williams/Settle to adopt a resolution establishing a one year pilot program for historic property tax incentive program and authorizing the Mayor to send a letter to the San Luis Obispo County Assessor; motion was lost(2-2-1,Council Member Roalman and Vice Mayor Romero voting no, Council Member Smith not participating). Council discussed the Historical Preservation Loan Program that the City had offered in the past. 3 •� City Council Meeting Tuesday, May 2, 1995 -7:00 p.m. Page 6 Moved by Romero/Roalman to direct staff to prepare a report at budget hearings to re-establish the Historical Preservation Loan Program; motion carried (4-0-1, Council Member Smith not participating). Council Member Smith returned to the dias. 3. AFFORDABLE HOUSING FEE WAIVERS (File No. 425) Council held a public hearing to consider establishing a fee waiver program to reduce development review and permit costs for certain affordable housing projects in order to increase their financial feasibility and reduce sales costs. Jeff Hook. Associate Planner, reviewed the fee waivers. Mayor Settle declared the public hearing open. No one spoke for or against the item. Mayor Settle declared the public hearing closed. Council discussed including very-low, low, and moderate income levels in the definition of affordable housing. Moved by Smith/Roalman to adopt Resolution No. 8415 amending development review fees for affordable housing projects, as amended to include only projects that fall within low and very-low income categories as defined in this report; motion carried (3-2, Council Member Williams and Vice Mayor Romero voting no). COMMUNICATIONS COMMA. Assistant City Administrative Officer Ken Hamoian offered one Junior Giants game ticket at Candlestick Park. COMM.2. Council Member Williams stated she presented a proclamation on Sunday night in remembrance of the Holocaust COMM.3. Council Member Williams reported on the Chorro Street Neighborhood Group meeting; they requested that the traffic tables be installed as soon as possible. BUSINESS ITEMS 4. STATE WATER PROJECT EASEMENTS(File No. 1124) Council considered a request for easements from the State Department of Water Resources necessary for the Coastal Branch of the State Water Project This item was not discussed or acted upon. 3-asp Figure 1.1: Sample Mills Act property tax calculation, provided by the City of Rancho Cucamonga MILLS ACT TAX ADJUSTMENT The following is a simple example showing the possible tax benefits to the historical property owner of an owner-occupied single-family dwelling. . . Let's assume that the current assessed value for a house is $100,000 and that a fair rent or income is $600 per month (prescribed in Sec. ,439.2 of the State Revenue and Tax Code) . First, determine annual income. )600 per month minus approximately * $100 =per month for maintenance, repairs, insurance, water, and gardener gives a net income of $500 per month. Multiply by 12 months to get an annual income of $6,000. (* assumption for discussion purpose only). Second, determine capitalization rate as follows: Determine home loan mortgage rate. Federal Home Loan Bank on conventional mortgage as of September 1, 19899 it was (10.507.) . The historical property risk component of 4% (as prescribed in Sec. 439.2 of the State Revenue and Tax Code). The 4% risk component applies to owner-occupied single-family dwellings. A 2% risk component applies to .all other properties (i .e. commercial , 'rental ) . The Tax rate (Post-prop. 13) of .01 times the assessment ratio of 100% (3) . Assume a remaining life of 20 years. Reciprocal of this is 1/20 of 5%. Add these together: 10.50% + 4.00% + 1.00% + 5.00% - 20.50% Capitalization rate. Third, the new assessed value is determined by dividing the annual income (569000) by the capitalization rate (20.50%) to arrive at the new assessed value of $29,268. Last, determine the amount of taxes to be paid by taking 1% of the assessed value $29,268. Compare with current property tax rate: Current property tax: 1% of original assessed valuation of $100,000 is ($100,000 * 1% . $1,000). Mills Act property tax: 1% of new assessed value of $29,268 is $292 ($29,268 * 1% = $293) Savings of $707 in annual property taxes. �a� l RESOLUTION NO. 92-18 2 3 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA VERNE, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, kFF,�Tr.NAT 2478 BONITA 4 AVENUE, LA VERNE, AS A LOCAL CULTURAL LANDMARK AND APPROVING THE ATTACHED HISTORIC PROPERTY PRESERVATION AGREEMENT, AUTHORIZING 5 THE MAYOR TO SIGN THE AGREEMENT WITH THE OWNERS OF THE LANDMARK 6 WHEREAS, the City Council of the City of La Verne has determined that the city' s cultural resources contribute greatly 7 to the city' s character, ambience, and quality of life; and 8 WHEREAS, the City Council has, pursuant to Government Code Section 65300 et seq. , adopted a general plan that 9 contains a cultural resources chapter establishing a city-wide strategy for the preservation of significant cultural resources 10 including historical and architectural resources; and 11 WHEREAS, said plan has been adopted as interim zoning, providing general guidance in preservation matters pending the 12 adoption of specific ordinances for protection of cultural resources; and 13 WHEREAS, said plan recognizes the original Lordsburg 14 neighborhood as a cultural resource of value to the city and its residents; and 15 WHEREAS, 2478 Bonita Avenue, located on a prominent 16 corner in the original townsite neighborhood of Lordsburg, was built in 1921 and later willed to the general conference of 17 the Church of the Brethren; is a well-maintained, handsome example of Spanish Colonial Revival residential architecture 18 that contributes to the character, charm, architectural variety, and scale of the neighborhood; and is a reminder of the lives, 19 values, and tastes of the people who created this community; and 20 WHEREAS, the designation of 2478 Bonita as a local cultural landmark also designates it as a qualified historic 21 property as defined in California Government Code Sec. 50280. 1 for the purposes of executing an historic property agreement 22 (known as a "Mills Act" agreement) ; and 23 WHEREAS, such designation and agreement are categorically exempt from the California Environmental Quality Act as provided 24 by Section 15308; 25 NOW, THEREFORE BE IT RESOLVED by the City Council of the City of La Verne as follows: 26 Section 1. The City Council HEREBY FINDS AND DETERMINES 27 that 2478 Bonita Ave. , Parcel No. 8377-007-001 in La Verne, CA is a local cultural landmark for the following reasons: 28 A. It is a handsome example of Spanish Colonial Revival 29 architecture and contributes to the architectural quality, interest, scale, and diversity of the street; 30 3 �7 B. It is located on a prominent corner and is important to 31 . the visual quality of the area; I I 11 C. It is a structure that helps retain the character and charm of the original townsite 2 neighborhood; 3 D. It is more than 50 years old. 4 E. It is associated with the historic theme of the growth and development of the community, and is one of many 5 structures that are physical reminders of the daily life, the values, and the tastes of the people who established 6 this community. 7 Section 2. The City Council HEREBY DECLARES that 2478 Bonita Avenue is designated as a local cultural landmark because 8 it is significant for the reasons stated above, and therefore is a qualified historic property, entitling it to those special 9 considerations associated with designation, including eligibility for the State Historical Building Code and for an 10 Historic Property Preservation Agreement, and consequent valuation by the County Assessor as an enforceably restricted 11 historical property. 12 Section 3. The City Council HEREBY AUTHORIZES the mayor to execute the attached historic property preservation agreement 13 between the City Council and the owners of the designated landmark, 2478 Bonita, La Verne. 14 Section 4. The Mayor shall sign, and the City Clerk 15 shall attest to the adoption of this Resolution, and thereupon the same shall take effect and be in force. 16 APPROVED AND ADOPTED THIS 21st DAY OF JANUARY, 1992. 17 18 Mayor of the City of La Verne 19 20 ATTEST: 21 22 City Clerk 23 24 RSCLMKM5 25 26 27 28 29 30 31 , I I I II 21 3 , 41, 51 61 HISTORIC PROPERTY PRESERVATION AGREEMENT I 71 AN AGREEMENT BETWEEN THE CITY COUNCIL OF THE CITY OF LA VERNE, 8 COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AND CYNTHIA C. YEHLE AND GEORGE E. WEISE, OWNERS OF A DESIGNATED CULTURAL 9 LANDMARK AT 2478 BONITA AVE. LA VERNE. 10 WHEREAS, the City Council of the City of La Verne is authorized by California Government Code Section 50280 et 11 seq. (known as "the Mills Act") to enter into contracts with the owners of qualified historical properties to provide for 12 appropriate use, maintenance, and rehabilitation such that these historic properties retain their historic characteristics; 13 and 14 WHEREAS, the City Council did approve a policy in the Cultural Resources Chapter of the La Verne General Plan to use 15 Mills Act agreements to encourage historic preservation; and 16 WHEREAS, the owners possess fee title in and to that certain qualified real property, together with associated 17 structures and improvements thereon, located on Assessor' s Parcel Number 8377-007-001 at 2478 Bonita Avenue, La Verne, CA 18 91750 , also described as Lordsburg Lot 1 and Lot 2, Block 48 (hereinafter referred to as the "historic property") ; and 19 WHEREAS , on January 21 , 1991 , the City Council of the 20 City of La Verne adopted a resolution designating the historic property as a cultural landmark of the City of La Verne pursuant 21 to the policies in the Cultural Resources chapter of the La Verne General Plan; and 22 WHEREAS, the City and owners, for their mutual benefit, 23 now desire to enter into this agreement to limit the use of the property to prevent inappropriate alterations and ensure that 24 character-defining features are preserved and maintained in an exemplary manner, and to carry out the purposes of California 25i Government Code, Chapter 1 , Part 5 of Division 1 of Title 5 , Article 12, Sec. 50280 et seq. , and to qualify for an 46 assessment of valuation pursuant to Article 1. 9, Sec. 439 et seq. , Chapter 3, Part 2 of Division 1 of the California 27i Revenue and Taxation Code. 281 NOW, THEREFORE, the City Council of the City of La Verne 29 and the owners of 2478 Bonita Avenue agree as follows: �I Section 1. Effective Date and Term of Agreement. This 30i agreement shall be effective and commence on February 28, 1992, 11 and shall remain in effect for a term of ten (10) years 31 thereafter. Each year upon the anniversary of the effective date, such initial term will automatically be extended as `3-"2 ! it 11 provided in California Government Code Section 50280 through 50290 and in Section 2. , below. 21 Section 2. Renewal. 3 A. Each year on the anniversary of the effective date of 4; this agreement , a year shall automatically be added to j the initial term of this agreement unless written notice 5 of nonrenewal is served as provided herein. 6 B. If the owners or the City desires in any year not to renew the agreement, owners or City shall serve written 7 notice of nonrenewal of the agreement on the other party. Unless such notice is served by the owners to the 8 City at least ninety (90) days prior to the annual renewal date, or served by the City to the owners at q least sixty (60) days prior to the annual renewal date, one (1) year shall automatically be added to the term of 10 the agreement as provided herein. 11 C. The owners may make a written protest of the notice. The City may, at any time prior to the annual renewal date o: 12 the agreement, withdraw its notice to the owners of nonrenewal. 13 D. If either the City or the owners' serves notice to the 14 other of nonrenewal in any year, the agreement shall remain in effect for the balance of the term then 15 remaining, either from its original execution or from the last renewal of the agreement, whichever may apply. 16 Section 3. Standards and Conditions. During the term of 17 this agreement, the historic property shall be subject to the following conditions: 18 A. Owners shall preserve, maintain, and, where necessar-, 19restore or rehabilitate the property and its character-defining features, notably the general 20 architectural form, style, materials, design, scale, proportions, organization of windows, doors, and other 21 openings, textures, details, mass, roof line, porch and and other aspects of the appearance of the exterior to 22 the satisfaction of the community development director or designee. 23 B. All changes shall comply with applicable City specific 24 plans, City regulations and guidelines, and conform to the rules and regulations of the Office of Historic 25 Preservation of the California Department of Parks and Recreation, namely the U.S. Secretary of the Interior's 26 Standards for Rehabilitation and Standards and Guidelines for Historic Preservation Projects. Interior remodeling 271 shall retain character-defining features such as oak and mahogany details, pillars and arches, to the greatest 281 extent possible. 291 C. The community development director shall be notified by the owners of changes to character-defining exterior 301 features prior to their execution, such as major I landscaping projects, exterior door replacement or 31iexterior alterations requiring a building permit. 3-3 0 1 i li D. The following are prohibited: Demolition of the house or garage; exterior alterations or additions not in keeping 2i with the standards listed above; dilapidated, I deteriorating or unrepaired structures such as fences , 3' roofs, doors, walls and windows; storage of scrap lumber, funk, trash, debris, discarded or unused obiects such as 4; cars, appliances or furniture; stagnant water and I unfilled excavations; any other device, decoration, 5 structure or vegetation which is unsightly by reason of its height, condition or inappropriate location. b` E. Owners shall allow reasonable periodic examination, by 7 prior appointment, of the interior and exterior of the historic property by representatives of the County 8 Assessor, the State Department of Parks and Recreation, the State Board of Equalization, and the City, as may be q necessary to determine the owners' compliance with the terms and provisions of this agreement. 10 Section 4. Furnishing of Information. The owners hereby 11 agree to furnish the city with any and all information requested by the City which may be necessary or advisable to determine 12 compliance with the terms and provisions of this agreement. 13 Section 5. Cancellation. 14 A. The City, following a duly noticed public hearing by the City Council as set forth in Government Code Section 15 50285, may cancel this agreement if it determines that the owners have breached any of the conditions of this 16 agreement or have allowed the property to deteriorate to the point that it no longer meets the standards for a 17 qualified historic property, or if the City determines that the owners have failed to restore or rehabilitate 18 the property in the manner specified in Section 3. of this agreement. If a contract is cancelled because of lq failure of the owners to preserve, maintain, and rehabilitate the historic property as specified above, 20 the owner shall pay a cancellation feeto the state Controller as set forth in Government Code Section 50286, 21 which states that the fee shall be 12 1/2B of the full value of the property at the time of cancellation without 22 regard to any restriction imposed with this agreement. 23 B. If the historic property is acquired by eminent domain and the City Council determines that the acquisition 24 frustrates the purpose of the agreement, the agreement shall be cancelled and no fee imposed, as specified in 25 Government Code Section 50288. 26 Section 6. Enforcement of Agreement. i 271 A. In lieu of and/or in addition to any provisions to cancel i the agreement as referenced herein, the City may 28j specifically enforce, or enjoin the breach of, the terms 1 of the agreement. In the event of a default, under the 29provisions to cancel the agreement by the owners, the City shall give written notice to the owner by registered 301 or certified mail addressed to the address stated in this agreement, and if such a violation is not corrected to 311 the reasonable satisfaction of the community development director or designee within thirty ( 30) days thereafter, 321 or if not corrected within such a reasonable time as may �i ll! be required to cure the breach or default of said breach, or default cannot be cured within thirty ( 30) days til (provided that acts to cure the breach or default may be commenced within thirty ( 30) days and shall thereafter be 3 diligently pursued to completion by the owners) , then the City may, without further notice, declare a default under 4 the terms of this agreement and may bring any action necessary to specifically enforce the obligations of the 51 owner growing out of the terms of this agreement, apply to any court, state or federal, for injunctive relief 61 against any violation by the owners or apply for such relief as may be appropriate. 7 B. The City does not waive any claim of default by the owner 8 if the City does not enforce or cancel this agreement. All other remedies at law or in equity which are not 9 otherwise provided for in this agreement or in the City' s regulations governing historic properties are available 10 to the City to pursue in the event that there is a breach of this agreement. No waiver by the City of any breach 11 or default under this agreement shall be deemed to be a waiver of any other subsequent breach thereof or default 12 hereinunder. 13 Section 7. Binding Effect of Agreement. The owners hereby subject the historic property located at 2478 Bonita 14 Ave. , La Verne, Lordsburg Lot 1 and Lot 2, Block 48, Assessor Parcel No. 8377-007-001, to the covenants, reservations, and 15 restrictions as set forth in this agreement. The City and owners hereby declare their specific intent that the covenants, 16 reservations, and restrictions as set forth herein shall be deemed covenants running with the land and shall pass to and be 17 binding upon the owners ' successors and assigns in title or interest to the historic property. Every contract, deed, or 18 other instrument herinafter executed, covering or conveying the historic property or any portion thereof, shall conclusively 191 be held to have been executed, delivered, and accepted subject to the covenants, reservations, and restrictions expressed in 20 this agreement regardless of whether such covenants, restrictions, and reservations are set forth in such contract, 21 deed, or other instrument. 22 Section 8. Notice. Any notice required by the terms of 23 this agreement shall be sent to the address of the respective parties as specified below or at other addresses that may be 24 later specified by the parties hereto. 25I 26 To City: City of La Verne yi 3660 "D" Street La Verne, CA 91750 28!1 29iI To Owners: George E. Weise and Cynthia C. Yehle 2478 Bonita Ave. 3011 La Verne, CA 91750 311 3Z I 11 Section 9. General Provisions. 2i a. None of the terms, provisions , or conditions of this I agreement shall be deemed to create a partnership between 3! the parties hereto and any of their heirs, successors or assigns, nor shall such terms, provisions, or conditions 4; cause them to be considered joint ventures or members of any joint enterprise. 5 B. The owners agree to and shall hold the City and its 6 elected and appointed officials, officers, agents, and employees harmless from liability for damage or claims 7 for damage for personal injuries, including death, and claims for property damage which may arise from the g direct or indirect use or operations of the owners or those of their contractor, subcontractor, agent, employee 9 or other person acting on their behalf which relates to the use, operation, and maintenance of the historic 10 property. The owners hereby agree to and shall defend the City and its elected and appointed officials, 11 officers, agents, and employees with respect to any and all actions for damages caused by, or alleged to have 12 been cause by, reason of the owners' activities in connection with the historic property. 13 C. This hold harmless provision applies to all damages and 14 claims for damages suffered, or alleged to have been suffered, and costs of defense incurred, by reason of the 15 operations referred to in this agreement regardless of whither or not the City prepared, supplied, or approved 16 the plans, specifications or other documents for the historic property. 17 D. All of the agreements, rights, covenants, reservations, 18 and restrictions contained in this agreement shall be binding upon and shall inure to the benefit of the 19 parties herein, their heirs, successors, legal representatives, assigns, and all persons acquiring any 20 part or portion of the historic property, whether by operation of law or in any manner whatsoever. 21 E. In the event legal proceedings are brought by any party 22 or parties to enforce or restrain a violation of any of the covenants, reservations, or restrictions contained 23 herein, or to determine the rights and duties of any party hereunder, the prevailing party in such proceeding . 24 may recover all reasonable attorney's fees to be fixed by the court, in addition to court costs and other relief 25 ordered by the court. 26I F. In the event that any of the provisions of this agreement are held to be unenforceable or invalid by any court of 271 competent jurisdiction, or by subsequent preemptive legislation, the validity and enforceability of the 29i remaining provisions, or portions thereof, shall not be effected thereby. 29 G. This agreement shall be construed and governed in 301 accordance with the laws of the State of California. I 31 ; 321 i i 1 11 Section 10. Recordation. No later than twenty (20) days after the parties execute and enter into this agreement, 2!j the City shall cause this agreement to be recorded in the office 31! of the County Recorder of the County of Los Angeles. 1 4 . Section 11 . Amendments. This agreement may be amended, in whole or in part, only by a written recorded instrument 5 executed by the parties hereto. 6I Section 1.2 . Signatures. The Mayor and the owners shall 7I sign this agreement, which shall be notarized, between the City of La Verne and the owners of the historic property at 2478 8j Bonita Ave. , La Verne, CA. 9 10 IN WITNESS WHEREOF, the City and owners have executed 11 this agreement on the day and year written above. 12 CITY OF LA VERNE 13 14 Date: aLI �Z By: _ ) ?� n 15 1 ckensta , or 16 Date:—/ -/ y J 17 Cyn. hia C. Yehl' Owner 18 Date: I— By: 19 Giforge A. Weise, Owner 20 STATE OF CALIFORNIA ) 21 1 ss. COUNTY OF LOS ANGELES 1 22 23 On this 2zna day of7an,:ary 1992, before me, the undersigned, a Notary Public in d for said State, personally 24 appeared �7on eiirkPncraff---------. known to me to be the mayor of the City of La Verne, a municipal corporation existing and 25 organized under the laws of the state of California. 26 Witness my hand and official seal. i 27 2811 4%1— Nota y Public in and for said State 29 it 30i :•;..... OFFICIAL SEAL OFFTr.I.ai.SEAL WPE ESiREEIA !!". 'SNEEEA 3 I NEMY u�ue•WYGNN91 m NOTAR"d,.JLC Gr.raeM LOSJ EEE9cawrr LOS ANGELESCOLKr ^^ IyMesFa0Yu1y 2.!997 _ VICum Exons Aug 2.1923 INDIVIDUAL ACKNOWLEDGMENT ra a State of— r a _ On this the 1 �y of January 92 ; -� 18 before me. County of LA SS. _ Laura S . C e r m a k the undersigned Notary Public.Personalty appeared � Cynthia C . Yehle and George E. Weise 1 :tt r:'J l'a:v SEAL .AS :ERMAK -•-: 91 Personalty ril yknownt0e ✓ Y(� �h• :r:—cae nut ❑ proved to me on the basis of satisfactory evidence la_ANGE_25 COUNTY to be the persons)whose namefsl ' M1 Carrie Expires ,IAN 30.1995 — SubSCnbed to the f within instrument.and acknowledged that—the v executed it. f WITNESS my hand and official seat Notary's Signature p r •� ATTENTION NOTARY:Aanayn the ntamaron raeuastad eatow a Of•Tfoes" 1 cane Woven'"*Mm an 1 ac7nNnt of eq cMihcate to aronyr eecu7yrn � THIS CERTACATE Tine or Type of Document l MUST BE ATTACHED Numberof Pa (� 70 THE DOCUMENT 9es Date of Document Vn DESCRIBED AT RIGHT Signer(s)Other Than Named Above 0 NA7�AL AprAR7 Ag5ppA7prr.IM PM M A.s•PO OM 7rM•CPcpa rte.CA 9rp 7 r91 35� . 10/01/1996 09: 13 0055436660 GARTH KORNREICH PAGE 01 MEETING AGENDA September 3i; DATES ITEM # Garth Kornreich 1029 Islay Siren San Luis Obisp(-. ('-\93401 City Council klvmbers City of San l.0 :• Obispo Re: Historic 11%-kcr•ation Tax Incentive Program Dear City CcAungl Members: As a member nt'the SLO Cultural Heritage Committee and the SLO Chamber of Commerce Seismic Task Force Commi,ii•L. I .irge you to give the Historic Preservation Tax Incentive Program a second look.. This program wel! •1••Ip to preserve the many historical structures we are so lucky to have in our town. It will also serve a i+:•:I :-urpose in assisting those that are burdened with the task of completing a seismic retrofit of their unreov::i;:r:' masonry building. You arc cot!. -ving so much importance to the preservation of our open spaces around SLO,but you must also rewt: c . important our downtown is to making San Luis Obispo such a special place to live and visit. Our hi,t _. d:+w•ntown needs protection and this is one step in doing just that. You are also c.-urged with trying to come up with a workable solution to the seismic retrofit problem. This tax program eri,ourages building owners to contract with the City to upgrade their buildings including completing thi- u:t!lcd seismic retrofits. This can be a part of the overall incentive program the City staff is currenrly try:.!. I. ,.,,i together to encourage retrofits: There are so m=:m positives to this program that the City cannot ignore it. The actual cost to the City will be very little ii:,�u ed to its benefits. 1 urge to really take a second look at what a good program this is. Thank you. r Garth Kornrei•:h f /�' FIN DIRCOUNCIL CDD D- UIIIR t X16 Ii O Q� i GIr1 C!.RK.� CAO ❑ FIRECHIEF C.� ' �TTORNEY ❑ PW DIR J I CLERKIORIG ❑ POLICE CHF I ` ❑ MGMTTEAM ❑ REC DIR 1:3,P RPOFILE 0 UTIL DIR MEETING AGENDA September 30, 1996 DATE ITEM # Mayor Settle and City Council Members City of San Luis Obispo 990 Palm Street San Luis Obispo, CA SUBJECT: Historic Preservation Tax Incentive Program Dear Mayor Settle and Members of the City Council: I am writing this letter to urge your support of the proposed Historic Preservation Tax Incentive Program. My wife, two children and I live in a house that is currently listed on the City's Master List of Historic Properties. Our home is our first and only real estate investment. Had we known in 1992 how much more work a historic property is to maintain than a newer home, we would have probably bought a newer home in the suburbs. However, we love the house and the neighborhood and we want to stay. If approved, the program could provide financial incentives for us to carry out much- needed renovations, including seismic retrofitting and removal of architectural inconsistencies. There will be those critical of the proposal because of the belief that the program will result in a negative fiscal impact to the City. However, as pointed out in the staff report, the number of eligible property owners choosing to participate will probably be small, so the fiscal impact is probably overstated. To safeguard against negative impacts to City resources, your Council could adopt the Program on a trial basis and review its success after a period of time. It has also been suggested that the program will benefit those who least need a helping hand. I can only speak for myself, but my wife and I both work full time and are forced to keep a tight budget that holds little room for discretionary purchases, let alone funds for home improvements. In conclusion, your leadership will help my family, but it will also provide funds to improve the safety and appearance of our neighborhood, and that will benefit the entire City. Thank you for the opportunity to provide input on this subject. If I can answer any questions about this letter, please feel free to call me at 542-0478. Sincerely, 121000NCIL o:i DIR CKCAO eA AO 'FIN DIR ❑ FIRE CHIEF I. Randy LaVack j ��ql p ❑ PW DIR Q ❑ POLICE CHF�� 670 Islay ❑ MUTTEAM ❑ REC DIR San Luis Obispo, CA 93401 ❑ C READ FILE ❑ UTIL DIRI ❑ PERS DIR k� RECEIVED cc: Jeff Hook, City Planning Department OCT 1 lyy0 CITY COUNCIL RAN ' ^OISPO. ;A M. ANG AGENDA DATE /D i-9- ITEM # ... ,Mn�S '.c.A-_-Wit•>a.. RIP 1 • :rABED;cd'BREAKPA3'�1: May Allen e . City of San Luis Obispo 990 Palm St. Sen Luis Obispo, Calf. 93401 CITv Cl_:_r-K CA Dear Mr. Settle, September 30, 1996 The Citizens for Historic Preservation asked me to write to you to request your support for the Historic Property Tax Incentive program when this issue comes before the council October 1. Heritage Inn is a great example of an historic building earning her way in the business community. This wonderful century-old home attracts visitors from all over the worid, tourists who shop in our lovely downtown, support the many cultural events of the region, cline in our fine restaurants, enjoy the theaters and recreational activities offered locally. The City of San Luis Obispo derives revenue from the Transient Occupancy Tax— Ten percent of each room rented. Jobs are created, wages paid, services provided by other businesses, all circulating money through the local economy. One benefit, impossible to measure, but still very real , is the lift in spirit felt by passers-by who view the house. On a more personal note, the historic architecture of San Luis Obispo cod indeed influence my decision to relocate to this area and purchase this business. It is wonderful to live in a community which treasures these grand buildings. Let's do all in our power to preserve the unique character of our town. I join the Cultural Heritage Committee, the Citizens for Historic Preservation, and City Staff in asking you to support this program once again. Sincerely, COUNCIL CDD DIR /ZLd� "Z O��AO H'F1N DIR -�dl� &Iz AO ❑ FIRE CHIEF Georgia Adrian!/ TTORNEY ❑ PW DIR VICLERWORIG ❑ POLICE CHF , ❑ MGMT TEAM ❑ RECOIR DECEIVED 13C READ FILE ❑ U'nPbIR f •� ❑ PERS bIR ., SEP 3 0 1996 ,�ariC CITY COUNCIL RAp1 ...� n91SP0 CA 978 Olive Street, San Luis Obispo, California 93405 805/544-7440 MEETING Ar;7-',!DA DATE :/ ITEM # 100 County of San Luis Obispo , f COUNTY GOVERNMENT CENTER,RM.370■SAN LUIS OBISPO,CALIFORNIA 93408■(805)781-5011 September 27, 1996 Mayor Allen Settle San Luis Obispo City Council OFFICE OF THE 990 Palm Street COUNTY ADMINISTRATOR San Luis Obispo, CA 93401-3249 Re: Historic Property Tax Incentive Program Dear Honorable Mayor Settle: Thank you for this opportunity to provide written comments on an item scheduled to be discussed at your October 1, 1996 Council Meeting. A proposal to create a Historic Property Tax Incentive Program (Mills Act) will appear for the second time on your meeting agenda. It last appeared on May 2, 1995 when your Council decided against the Program and directed staff to reestablish the Historic Preservation Loan Program. As you revisit this item, please consider, again, the impacts on the County of San Luis Obispo. The proposed program does, in fact, result in a reduction of property taxes and degrades the integrity of our taxing system by creating another special privilege class of tax payer. Additionally, the proposed program would increase County Assessor's workload. It is likely it will also impact the Tax Collector and Clerk-Recorder. I respectfully request you defer a decision on the proposed Historic Property Tax Incentive Program until you've had an opportunity to review staffs Historic Preservation Loan Program. I also request that, should your Council decide to go forward with implementation of a Historic Property Tax Incentive Program, sufficient fees be established and earmarked for full reimbursement to the County for all costs associated with servicing this program. Thank you, again, for taking the time to consider this point of view. Sincerely, ROBERT E. HENDRIX County Administrator F COUNCIL CDD DIR R °ECEIVED C„ o RE DIR c: Each Council Member SEP v; 0 1996 e'?TT�N� ❑ PW DIR D. Frank, Assessor CLERKIORIG O POLICE CHFfl CITY COUNCIL ij 13MGMTTEAM 11REC DIR SAN nF31sPo. CA ❑ C BRAD FILE ❑ UTIL DIR I ❑ PERS DIR DATE ING Q,6 .4GENDA ITEM # Citizens For Historic Preservation P.O.Box 14110. •Sax L[ns OsrsPo,CA 93401 •805542-9286•Fax:805545-9075•E-MAU-Mcaara®@SLO=.o&G September 23, 1996 Mr. Allen Settle Mayor City of San Luis Obispo 990 Palm St. San Luis Obispo, CA 93401 Dear Mayor Settle: A few weeks ago we sent you an overview of our position on the Historic Property Tax Incentive Program. Since then some supporters have sent us additional arguments in support of the program that I thought would be worth passing on. Thank you for your consideration. Sincerely, COUNCIL CDD DIR Mr. Malcolm Carlaw (a�'g' CAO ❑ FIN DIR Cdr ❑ FIRE CHIEF E RNEY ❑ PW DIR r LE RIG ❑ POL►CE CHF I O 3A�1 TEAM ;,���, ^� ❑ REC DIR Attachments � E0 UTIL D?R )i �7.71yooK RECEIVED SEP 1 '� Ift CITY COUNCIL SAN 11I:S 061SP0.C4 Historic Property Tax Incentive Program City of San Luis Obispo September 1996 Undue Burden Argument Position: Property owners of the one hundred seventy Historic Buildings in the San Luis Obispo Community are the custodians of these buildings for future generations. The community advertises the historic charm of San Luis Obispo in its effort to attract tourists. However none of the money derived from these historic assets are set aside for their maintenance- directly or indirectly. The City and the State impose regulations on the restoration of these specific buildings in our community. The State has recognized the undue burden of these regulations and the contribution historic property owners make to a community through the Mills Act. The City of San Luis Obispo needs to do its part to protect these historic assets through the implementation of the Mills Act. Points to Consider: • Protection of Historic Buildings ultimately is in the hands of the property owner and the real estate market. Buildings that cost more to retrofit than to destroy and rebuild will tend to be destroyed. • Retrofitting, restoring and maintaining old buildings according to the regulatory guidelines of the State and the City can be very expensive. It is not uncommon to find historic residences where the owner has made improvements that exceed the value of the property by some $100,000 or more. • The fiscal beneficiaries of these buildings are the citizens of the community at large. The community (Chamber, Conference Bureau etc.) actively promotes the old buildings as part of the charm of San Luis Obispo. Citizens take pride in the visible link to past communities that these buildings represent. Tourists spend their money in hotels, restaurant, shops and fairs throughout the City partly because of the ambiance of these buildings. The City derives revenues from these business for reinvestment into the community. However, none of the money derived from old buildings (albeit secondarily)is returned to maintain the viability of this valuable part of the community. • While the City and State have imposed specific regulation to govern the quality of restoration, there is no program in the City of San Luis Obispo to protect either commercial or residential buildings from gradual erosion or destruction. • The Mills Act represents a recognition by the State that Historic Buildings are expensive to maintain and are valuable to communities. Many Cities have implemented this program to encourage property owners keep these buildings alive. San Luis Obispo needs a program to offset the undue burden placed on historic property owners who are interested in keeping these buildings for future generations. Please implement the Mills Act. Historic Property Tax Incentive Program City of San Luis Obispo September 1996 Fiscal Impact Overview The City Council will meet on October 1, 1996 to re-hear the matter of reducing property taxes for those properties within the city due to their historic designation. The Council heard this issue in May 1995 and the matter was voted down. Mayor Settle and councilperson Williams supported the motion, with Councilman Romero and Roalman voting against it and Smith abstaining due to a conflict of interest ( she owns the Garden Street Inn- a historic building). The following is a summary of the May 9, 1995 staff report on this matter: • Historic property owners who sign up for this program are expected to use to money to maintain and upgrade their old buildings, including those persons who own the many unreinforced masonry (URM)buildings in town. • The City's generalIp an policies strongly encourages the preservation of historic structures, the land use element states:" The street appearance of(historic)buildings which contribute to a neighborhood's architectural character should be maintained." To implement preservation policies, the city's Conservation Element recommends that: "Accommodations for upgrading buildings having historic significance should be included in the building code. Zoning regulations and the TAX RATE STRUCTURES SHOULD BE REVISED TO ENCOURAGE RENOVATION of such buildings." This is the city councils own policies and should be followed. • "Actual fiscal impact are difficult to determined and depend on: the number of properties participating, current uses and last reassessment date, property condition and property owner response to the program". • Total assessed valuation of city historic properties is $54,807,482 (fifty four million dollars); which generates $111,952 dollars in revenues to the city(1993/94 dollars). Total property tax revenues to the City is$3,800,000 million dollars. This revenue is only 8% of the Cities revenues. • A worst case approximation of the reduction of City property tax revenues can be calculated by using a reduction inassessed valuation of 50 percent per property, for qualifying historic properties which equates to an estimated reduction of$55,976. Current revenue to City ($111,952) less program adoption revenue ($55,976) results in a fifty percent reduction of revenues from historic properties tax revenues. This is less than 1% of all property tax revenues and is only .001 % of the total Cities revenues ($49.3 million dollars). These savings would most likely be spent by the property owners within the city to effect repairs to historic buildings, putting the money back into the local economy. An increase of tourism to the city due to the historic values would generate both bed tax revenues, as well as sales tax which would more than offset this reduction in revenues to the Cities general revenue funds. • Please support and attend at the Council meeting on Tuesday, October 1 at 7 PM. Historic Preservation Tax Incentive Program Overview Description: Bases on the Mills Act of 1977,this program is designed to encourage historic building owners to maintain their property. It does this through a property tax incentive program that assesses property based on " capitalization of income" rather than the usual method of comparative sales. Current situation: The program's focus on preserving the beauty of the historic architecture of San Luis Obispo benefits both current and future citizens. Many ofthe residential and commercial histo-.4c.buildings are the architectural gems that give the city that special feeling we have come to associate with being in San Luis Obispo. It is our responsibility as citizens of this area to preserve these buildings so that future citizens may enjoy that same sense of history and community that we feel. Benefits: • Preservation of our historic buildings makes San Luis Obispo a more delightful and attractive town to tourists and business owners looking for new locations.. Some portion of the revenue derived from tourists and new businesses flows back to the City. • Pride in our neighborhoods and community is enhanced when owners keep their homes and buildings beautiful. This program would encourage that sense of neighborhood pride. • Each of us in this community benefits when an owner of a historic building takes the time and money to preserve it. They deserve our encouragement and support. This program has the unanimous support of the Cultural Heritage Committee and is supported by City staff(2n11995 Report)who feel that the public benefits of the program would outweigh the minor tax revenue loss. In addition, the preservation of historic buildings is strongly encouraged in the General Plan which states that "tax rate structures should be revised to encourage renovation of such buildings". Request for Action: Many Cities including Santa Barbara and San Francisco have implemented similar programs to preserve and protect their community heritage. We would like to see such a program in this community. We ask that the City Council of San Luis Obispo give it's unanimous approval to this program and support our efforts to preserve and protect the beauty of our historic neighborhoods and commercial centers for future generations. MEETING AGENDA DATE A:L.26 ITEM # office of Dick Frank, County Assessor s _ t,v(JNTY GOVERNMENT CENTER, ROOM 100, SAN LUIS OBISPO, CA 93408 (805)781-5613 October 1, 1996 --- iY60UNCILD DR y' Mayor Allen Settle HN DIR UAO y CAO ❑ FIRE CHIEF �! 990 Palm StreetCI A EY ❑ PW DIR C' San Luis Obispo, CA 93401 CLERKADRIG ❑ POLICE CHF+; Q MGMT TEAM ❑ REC DIR E i ❑ R WAD FILE D WIL DIR T ❑ PERS 0191RE: Historical Preservation Tax Incentive Program �._ . iVk_.. . Dear Mayor Settle/Members of the Council: On May 2, 1995, your honorable Council took under consideration a recommendation from the Cultural Heritage Committee and city staff to initiate an historic property tax incentive program known as the Mills Act. After hearing testimony and reviewing staffs report, your Council did not approve participation in the Mills Act program, but instead directed staff to return with a program to be totally funded by the city which would provide for either grants or loans to those wishing to maintain/improve historical structures. That motion passed 4 to 0, with Councilwoman Smith abstaining. Now, seventeen months later, you are again being asked to reconsider the Mills Act, but staff has yet to provide you with the requested alternate program. Although we still find several items in your staffs report that are incorrect or misleading, I believe those items are minor details and do not address the overall concerns the County has with the Mills Act program. 1. No one, including your staff, disputes the fact there will be a revenue loss to the city, county, special districts, and schools. 2. There is no dispute that an additional workload will be thrust upon your staff, the County Assessor, and possibly the County Clerk, County Auditor, and County Tax Collector. In the case of the County Assessor, we already have a substantial backlog of work. There is no staff or funds available for implementation of any additional assessments. 3. Apparently your staff has not contacted the owners of the properties in question to explain the contract parameters, the possible(but not guaranteed) property tax savings, and the potential costs should the owner or the city decide to cancel the contract. The cancellation fees on a $200,000 property would amount to $25,000. 0 � i 96 clTV C!_;-:AK October 1, 1996 Page Three In conclusion, I hope your Council realizes that neither the County, nor the Assessor, are opposed to preserving our historical properties, but we feel that the Mills Act is not the best way to go in these matters. Sincerely yours, DICK FRANK County Assessor c: Council Members DF:dvm