Agenda Item

12. HISTORIC PROPERTY PRESERVATION AGREEMENT (MILLS ACT) - FOR THE PROPERTY AT 530 W SECOND STREET The Mills Act is a State program that provides property tax relief to owners of qualified historic properties who agree to comply with preservation restrictions and maintain and preserve the property for a minimum of ten (10) years. The City Council adopted Resolution 97-50, authorizing the implementation of the Mills Act program and established a policyspe cifying which properties would be eligible for the program. While the Mills Act is a State program, property owners enter into a contract with the City to obtain the program's benefits. Attachment A contains the Historic Property Preservation Agreement for the subject property located at 530 W Second Street.

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