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6.B. - Page 2 <br /> ANALYSIS <br /> On October 10, 2013, the HRAC held a special meeting on-site and reviewed the <br /> owners' proposed 10-year schedule of improvements for maintenance and restoration <br /> of the historic character of the home. HRAC members recommended minor <br /> improvements to the schedule, which the owners agreed to. <br /> At their regular meeting of October 10, the HRAC considered the request for both the <br /> Landmark designation and a Mills Act Contract. They agreed with the content of Ms. <br /> McElroy's evaluation and its conclusion, and therefore voted to recommend that the <br /> Planning Commission recommend that the City Council designate the property a <br /> Landmark. The HRAC also recommended that the Planning Commission recommend to <br /> the City Council that the Mills Act Contract and 10-year schedule of improvements (as <br /> revised) be approved. The minutes of the October 10 meeting of the HRAC are <br /> provided as Attachment 5. <br /> On December 3, 2013 the Planning Commission considered the Landmark designation <br /> and the Mills Act Contract for 842 Edgewood Road. After a public hearing on the matter, <br /> the Commission concurred with the HRAC and recommended that the Council approve <br /> both the Landmark designation and the Mills Act contract. <br /> General Plan and Zoning Compliance <br /> The designation of historic landmarks and implementation of Mills Act Contracts for the <br /> long-term preservation of the Community's historic resources is one of the primary goals <br /> and objectives of the Historic Preservation/Built Environment section of the General <br /> Plan. The proposed historic designation does not change the zoning designation of the <br /> subject property, nor affect its compliance with existing zoning standards. <br /> Public Notification <br /> A public hearing notice regarding this item was published in the Redwood City Daily <br /> News newspaper per Section 40.7(E) of the Municipal Code. <br /> ALTERNATIVES <br /> 1. Deny the request for Landmark designation. <br /> 2. Approve the request for Landmark designation, but deny the Historic <br /> Preservation Agreement. <br /> FISCAL IMPACT <br /> Landmark designation has no direct fiscal impact. Approval of the Mills Act Contract will <br /> reduce the City's property tax revenue by $2,400 to $3,600 per year. <br /> ENVIRONMENTAL REVIEW <br /> The proposed historic designation seeks to insure the long-term preservation of the <br /> subject resource which is exempt from CEQA (California Environmental Quality Act) <br /> review, per section 15331, Class 31 of the CEQA guidelines. <br />