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A. It exemplifies or reflects special elements of the City’s cultural, aesthetic or <br />architectural history; or <br />B. It is identified with persons or events significant in local, State or national history; <br />or <br />C. It embodies distinctive characteristics of a style, type, period or method of <br />construction, or is a valuable example of the use of indigenous materials or <br />craftsmanship; or <br />D. It is representative of the notable work of a builder, designer or architect. <br /> <br />The DPR 523 form (Attachment 2) for this residence discusses historical significance <br />under Criteria C as listed as listed above. Built in 1931, the home is an excellent <br />example of the Spanish Colonial Revival style, with a large focal window, decorative <br />vents, eaves with little or no overhang, red tile roofs, stucco walls, and prominent arches <br />over windows and doors. A second story addition over the garage was built in 1937, <br />and a patio on the right side of the home was enclosed in 1967, but otherwise the home <br />is in near original condition and very well-preserved. <br /> <br />Pursuant to Chapter 40 of the Redwood City Code, properties designated as historic <br />landmarks are protected from demolition, alteration, removal, or relocation unless <br />reviewed and recommended by the HRAC and then approved by the Planning <br />Commission at a public hearing. Chapter 40 does not prevent legally permitted and <br />reasonable use(s) of properties designated as historic landmarks, and it allows for <br />ordinary maintenance and repair so long as the work does not involve a change in the <br />design, material or external appearance of the property. <br /> <br />MILLS ACT CONTRACT <br />Historic Property Preservation Contracts, which are also known as “Mills Act” contracts, <br />are considered by numerous local governmental agencies and preservationists <br />throughout California as one of the most beneficial historic preservation incentives <br />available today. Mills Act contracts provide for yearly property tax savings for the owner <br />that can be channeled towards the long-term maintenance of a property. The City’s <br />Mills Act program was adopted by the City Council in 1990, and to date the City has <br />granted 24 Mills Act contracts. <br /> <br />The minimum duration for Mills Act Contracts is 10 years. One additional year is <br />automatically added to the contract term each year unless the City and/or property <br />owner elect to not renew, and the contract transfers in the event the property is sold to <br />another party. Once approved, each contract is recorded against the title of the subject <br />property and the information forwarded to the County Assessor’s office. The initial Mills <br />Act Contract includes a 10-year schedule of proposed maintenance and improvements. <br />The 10-year plan for this property is included in Attachment 2. <br /> <br />Once granted a Mills Act Contract, a property owner may save as much as 40%-60% of <br />the individual assessed tax valuation of the property. Since the City collects less than <br />20% of the 1% of the assessed value of the property, an estimated loss of revenue to <br />7.A. - Page 2