Page 19 - laconservancy2014
P. 19

LOS ANGELES CONSERVANCY                                Preservation Report Card |  2014



                                                 Mills Act Incentive Program


                                                 The Mills Act Historic Property Contracts Program is the single most im-
                                                 portant economic incentive program in California for the restoration and
                                                 preservation of qualified historic buildings by private property owners. It
                                                 is a state law that allows local jurisdictions to enter into contracts with pri-
                                                 vate property owners to guarantee the preservation of designated historic
                                                 sites or structures.


                                                                       Property owners who participate in the Mills Act
                                                                       program make a contractual agreement with their
                                                                       respective jurisdiction to adhere to a schedule of
                                                                       maintenance repairs and upkeep on their historic
                                                                       property for the duration of the contract, which
                                                                       spans ten years and self-renews at the end of each
                                                                       year. In exchange, the property owner is entitled
                                                                       to an alternate evaluation of the property for tax
                                                                       purposes, which usually results in a reduced property
                                                                       tax bill.


                                                                       Despite its clear and considerable value, the Mills
                                                                       Act has been implemented by only twenty-five Los
                                                                       Angeles County jurisdictions to date: Beverly Hills,
                                                                       Bradbury, Burbank, Calabasas, Claremont, Glen-
                                                                       dale,  Glendora,  Huntington  Park,  La  Cañada
                                                                       Flintridge, La Verne, Lawndale, Long Beach, Los
                                                                       Angeles, Monrovia, Pasadena, Pomona, Redondo
                                                                       Beach,  San  Dimas,  San  Gabriel,  Santa  Clarita,
                                                                       Santa  Monica,  Sierra  Madre,  South  Pasadena,
                                                                       West Hollywood, and Whittier. The County of Los
                                                                       Angeles is currently in the process of establishing
                                                                       a Mills Act program.


                                                                       Since the Mills Act is typically the only economic
                                                                       incentive tool available to local jurisdictions, the
                                                                       existence of a program at the local level is a good
                                                                       indicator of a particular jurisdiction’s commitment
                                                                       to historic preservation.

                   Top: The 1925 Aztec Hotel in Monrovia has a   In most Los Angeles County jurisdictions that have implemented the Mills
               Mills Act contract. Photo by Larry Myhre on Flickr.
                                                 Act program, properties eligible for participation must either be designated
       Bottom: More than 700 properties have benefited from the City  as a local landmark or be a contributor to a locally designated historic district.
        of Los Angeles’ Mills Act program. Twenty-four communities   Many more property owners will initiate or approve the designation of their
       in L.A. County now offer this important preservation incentive.
                Pictured: The Lydecker House (1939), Studio City.   properties if they can reap tax savings through the Mills Act program.
                          Photo courtesy Lydecker House.



                                                                                               PAGE 19
   14   15   16   17   18   19   20   21   22   23   24