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7.B. - Page 2 of 22 <br />designation process involves the evaluation of the application and an architectural historian's report <br />analyzing the City's historic designation criteria listed in Section 40.6 of the Redwood City Municipal Code: <br />A. It exemplifies or reflects special elements of the City's cultural, aesthetic or architectural history; <br />or <br />B. It is identified with persons or events significant in local, State or national history; or <br />C. It embodies distinctive characteristics of a style, type, period or method of construction, or is a <br />valuable example of the use of indigenous materials or craftsmanship; or <br />D. It is representative of the notable work of a builder, designer or architect. <br />Properties designated as historic landmarks are protected from demolition, alteration, removal, or <br />relocation unless 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 reasonable use(s) of <br />properties designated as historic landmarks, and it allows for ordinary maintenance and repair so long as <br />the work does not involve a change in the design, material or external appearance of the property. <br />The historic evaluation for 891 Edgewood Road (Link) considers this residence individually eligible for <br />Redwood City historic designation under Criteria B, C, and D as listed above. The home was built in 1933, <br />and is considered an outstanding example of the Spanish Colonial Revival style (Criteria Q. The report <br />concludes that the majority of the exterior and interior features are evocative of this architectural style. <br />In addition to the design, the home was built and resided in by August J. Fromm who was the builder, <br />owner, and manager of the Sequoia Hotel in downtown Redwood City (Criteria B). Lastly, the home was <br />designed by Chester H. Treichel, a prominent Bay Area architect known for residential design in the 1930s <br />(Criteria D). <br />MILLS ACT CONTRACT <br />Historic Property Preservation Contracts, which are also known as "Mills Act" contracts, are considered <br />by numerous local governmental agencies and preservationists throughout California as one of the most <br />beneficial historic preservation incentives available today. Mills Act contracts provide for yearly property <br />tax savings for the owner that can be channeled towards the long-term maintenance of a property. The <br />City's Mills Act program was adopted by the City Council in 1990, and to date the City has granted 29 Mills <br />Act contracts. <br />The minimum duration for Mills Act Contracts is 10 years. One additional year is automatically added to <br />the contract term each year unless the City and/or property owner elect to not renew, and the contract <br />transfers in the event the property is sold to another party. Once approved, each contract is recorded <br />against the title of the subject property and the information forwarded to the County Assessor's office. <br />The initial Mills Act Contract includes a 10 -year schedule of proposed maintenance and improvements. <br />Each of the homeowners have submitted a 10 -year plan for each property which is located within the <br />contracts. <br />Once granted a Mills Act Contract, a property owner may save as much as 40%-60% of the individual <br />assessed tax valuation of the property. Since the City collects less than 20% of the 1% of the assessed <br />value of the property, an estimated loss of revenue to the City for a property valuated at $1,000,000 would <br />be approximately $800 to $1,200 per year. <br />Page 2 of 4 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />403 <br />