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HomeMy WebLinkAboutStaff Report 8554 City of Palo Alto (ID # 8554) City Council Staff Report Report Type: Consent Calendar Meeting Date: 12/11/2017 City of Palo Alto Page 1 Summary Title: CONSENT: Squire House (900 University) Revised Mills Act Contract Title: Approval and Authorization for the City Manager to Execute Amendment Number 1 to the Mills Act Historic Property Preservation Agreement for 900 University Avenue (Squire House) Removing the Public Tour Requirement Consistent With State Law From: City Manager Lead Department: Planning and Community Environment Recommendation Staff recommends that Council approve and authorize the City Manager to execute Amendment No. 1 (Attachment A) to the Mills Act Historic Property Preservation Agreement for preservation of the historic Squire House (900 University Avenue). Executive Summary At the property owner’s request, the recommended action would amend the existing Historic Property Preservation Agreement (referred to also as the “Mills Act contract”) for the Squire House to remove the requirement for an annual public tour, which is consistent with State law. Mills Act contracts are agreements between a local jurisdiction and a property owner whereby the property owner agrees to preserve an historic resource in exchange for property tax savings. There has been a Mills Act contract between the City and the owner of the nationally- recognized Squire House at 900 University in place since 1996; this is the only Mills Act contract in Palo Alto. The owner, who last conducted a public tour of the Squire House in December 2016, will request non-renewal of the contract if the annual home tour remains a requirement. Background & Discussion The Squire House is listed as a Category 1 local historic resource, which is defined as a “Significant” historic resource in PAMC Chapter 16.49. The home was the first property in Palo City of Palo Alto Page 2 Alto to be listed on the National Register of Historic Places, and is one of only 16 individually listed Palo Alto properties on the National Register. It is also a California Landmark - which carries a much higher historic status than a standard California Register listing. The Mills Act, enacted in 1972, allows participating local governments in California to enter into contracts with owners of qualified historic properties who actively participate in the restoration and maintenance of their historic properties to potentially receive a property tax reduction. (California Government Code, Article 12, Sections 50280-50290 and California Revenue and Taxation Code, Article 1.9, Sections 439-439.4). The law was revised in 1985 when new legislation relaxed the rules to encourage the preservation of historic properties. The 1985 amendments to the Mills Act expanded the definition of Qualified Historical Properties, reduced the Mills Act contract minimum period from 20 to 10 years, clarified tax assessment by “use,” eliminated the previous Historic Zone requirement, and eliminated the required public visitation (Attachment B). In 1996, the owners of the Squire House, located at 900 University Avenue, entered into a Mills Act contract with the City of Palo Alto (Attachment C). County records indicate that there is only one such Mills Act contract in the City of Palo Alto. The Squire House contract included a provision that required an annual public tour to be conducted by the owners although State law had been amended in 1985 to remove the requirement. While State law no longer requires a public tour, there is no prohibition on the inclusion of this condition under a local program and the contract was entered into voluntarily by the owners in 1996. Subsequent owners have received notice of the recorded agreement prior to acquisition. Original and subsequent owners of the Squire House complied with the “public tour” component of the contract and opened the home to several nonprofit organizations over the years including: Palo Alto Stanford Heritage event and home tour, Bing Nursery School, Eastside College Preparatory School, Community Foundation of Silicon Valley, Nature Conservancy, Stanford University, Purdue University, Legacy Venture and Children’s Health Council. However, enforcement of the “public tour” provision by the City has been inconsistent and irregular. If the proposed contract amendment is not approved, the property owner has conveyed she will pursue non-renewal of the Mills Act contract, resulting in the termination of the contract after the remaining nine years of the contract’s term. Mills Act contracts continually renew for another year to maintain a 10-year term at all times, unless a party submits a timely notice of non-renewal to the other party. Palo Alto is a Certified Local Government (CLG), recognized by the State Office of Historic Preservation for its preservation program. Part of Palo Alto’s obligations as a CLG is to carry out City of Palo Alto Page 3 the intent of the National Historic Preservation Act and the Secretary of the Interior's Standards; one way to do this is to provide assistance to owners of historically significant buildings. According to the State Office of Historic Preservation, the Mills Act program is the single most important economic incentitve program for historic preservation. Maintaining a Mills Act contract, with the proposed amendment, is also a key way to further the historic preservation policies of the City’s Comprehensive Plan. Council recently reaffirmed the Comprehensive Plan’s longstanding historic preservation goal of “Conservation and preservation of Palo Alto’s historic buildings, sites and district” (Goal L-7), and adopted a policy to “encourage and assist owners of historically significant buildings in finding ways to adapt and rehabilitate these buildings, including participation in state and federal tax relief programs” (Policy L-7.12). The importance of preserving significant historic buildings on University Avenue is also called out in the Comprehensive Plan Policy L-7.5, which states, “To reinforce the scale and character of University Avenue/Downtown, promote the preservation of significant historic buildings.” Policy Implications Mills Act contracts are an historic preservation incentive available to property owners and local jurisdictions under State law. As noted above, use of Mills Act contracts is consistent with the City’s Comprehensive Plan which includes a goal about the conservation and preservation of Palo Alto’s historic buildings, sites, and districts (Goal L-7). In addition, Policy L-7.12 of the Comprehensive Plan calls on the City to “Encourage and assist owners of historically significant buildings in finding ways to adapt and rehabilitate these buildings, including participation in state and federal tax relief programs.” Resource Impact Based on County records, the City’s Administrative Services Department estimates that the City of Palo Alto receives about $5,000 less in property taxes each year because of this Mills Act contract. This would not change as a result of the requested action. Attachments: A: Squire House (900 University) Amendment No. 1 to Mills Act Historic Property Preservation Agreement Signed (PDF) B: Technical Bulletin 12 (PDF) C: Squire House (900 University) Mills Act Historic Property Preservation Agreement (PDF) D: John Adam Squire House National Register Nomination (PDF) Mills Act Property Tax Abatement Program Technical Assistance Bulletin #12 CALIFORNIA OFFICE OF HISTORIC PRESERVATION Department of Parks & Recreation 1416 9th Street Room 1442-7 Sacramento, CA 95814 PO Box 942896 Sacramento, CA 94296 916-653-6624 calshpo@ohp.parks.ca.gov www.ohp.parks.ca.gov This publication has been financed in part with Federal funds from the National Park Service, Department of the Interior, under the National Historic Preservation Act of 1966, as amended, and administered by the California Office of Historic Preservation. The contents and opinions do not necessarily reflect the views or policies of the Department of the Interior, nor does the mention of trade names or commercial products constitute endorsement or recommendation by the Department of the Interior. Under Title VI of the Civil Rights Act of 1964 and Section 504 of the Rehabilitation Act of 1973, the U.S. Department of the Interior strictly prohibits unlawful discrimination on the basis of race, color, national origin, age, or handicap in its federally- assisted programs. If you believe you have been discriminated against in any program, activity, or facility as described above, or if you desire further information, please write to Office for Equal Opportunity, U.S. Department of the Interior, National Park Service, Box 37127, Washington DC 20013-7127. December 2004 Table of Contents Mills Act Property Tax Abatement Program .................................................................1 Purpose of the Mills Act Program.............................................................................1 Benefits to Local Governments................................................................................1 Benefits to Owners..................................................................................................1 Qualified Historic Property.......................................................................................2 OHP’s Role.............................................................................................................2 For Additional Information .......................................................................................2 California State Codes Relating to Mills Act Program...................................................3 California Government Code, Article 12, Sections 50280 - 50290.............................3 California Revenue and Taxation Code, Article 1.9, Sections 439 – 439.4.................6 Mills Act Property Tax Abatement Program 1 OHP Technical Assistance Bulletin #14 Mills Act Property Tax Abatement Program Purpose of the Mills Act Program Economic incentives foster the preservation of residential neighborhoods and the revitalization of downtown commercial districts. The Mills Act is the single most important economic incentive program in California for the restoration and preservation of qualified historic buildings by private property owners. Enacted in 1972, the Mills Act legislation grants participating local governments (cities and counties) authority to enter into contracts with owners of qualified historic properties who actively participate in the restoration and maintenance of their historic properties while receiving property tax relief. Benefits to Local Governments The Mills Act allows local governments to design preservation programs to accommodate specific community needs and priorities for rehabilitating entire neighborhoods, encouraging seismic safety programs, contributing to affordable housing, promoting heritage tourism, or fostering pride of ownership. Local governments have adopted the Mills Act because they recognize the economic benefits of conserving resources and reinvestment as well as the important role historic preservation can play in revitalizing older areas, creating cultural tourism, building civic pride, and retaining the sense of place and continuity with the community’s past. A formal agreement, generally known as a Mills Act or Historical Property Contract, is executed between the local government and the property owner for a minimum ten-year term. Contracts are automatically renewed each year and are transferred to new owners when the property is sold. Property owners agree to restore, maintain, and protect the property in accordance with specific historic preservation standards and conditions identified in the contract. Periodic inspections by city or county officials ensure proper maintenance of the property. Local authorities may impose penalties for breach of contract or failure to protect the historic property. The contract is binding to all owners during the contract period. Benefits to Owners Owners of historic buildings may qualify for property tax relief if they pledge to rehabilitate and maintain the historical and architectural character of their properties for at least a ten-year period. The Mills Act program is especially beneficial for recent buyers of historic properties and for current owners of historic buildings who have made major improvements to their properties. Mills Act Property Tax Abatement Program 2 OHP Technical Assistance Bulletin #14 Mills Act participants may realize substantial property tax savings of between 40% and 60% each year for newly improved or purchased older properties because valuations of Mills Act properties are determined by the Income Approach to Value rather than by the standard Market Approach to Value. The income approach, divided by a capitalization rate, determines the assessed value of the property. In general, the income of an owner-occupied property is based on comparable rents for similar properties in the area, while the income amount on a commercial property is based on actual rent received. Because rental values vary from area to area, actual property savings vary from county to county. In addition, as County Assessors are required to assess all properties annually, Mills Act properties may realize slight increases in property taxes each year. Qualified Historic Property A qualified historic property is a property listed on any federal, state, county, or city register, including the National Register of Historic Places, California Register of Historical Resources, California Historical Landmarks, State Points of Historical Interest, and locally designated landmarks. Owner-occupied family residences and income- producing commercial properties may qualify for the Mills Act program. OHP’s Role OHP provides technical assistance and guidance to local governments and property owners. OHP maintains a current list of communities participating in the Mills Act program and copies of Mills Act ordinances, resolutions, and contracts that have been adopted. OHP does not participate in the negations of the agreement and is not a signatory to the contract. For Additional Information Contact the planning department of the city or county within which the historic property is located. California’s four largest cities (Los Angeles, San Diego, San Francisco, and San Jose) as well as more than 75 other city and county governments have instituted Mills Act programs. A list of communities participating in the Mills Act Program is available online at http://www.ohp.parks.ca.gov/default.asp?page_id=21412 . For additional information on the Mills Act, please contact Maryln Lortie in the Office of Historic Preservation, PO Box 942896, Sacramento CA 94296-0001, (916) 653-8911, mlort@ohp.parks.ca.gov. Mills Act Property Tax Abatement Program 3 OHP Technical Assistance Bulletin #14 California State Codes Relating to Mills Act Program California Government Code, Article 12, Sections 50280 - 50290 50280. Restriction of property use. Upon the application of an owner or the agent of an owner of any qualified historical property, as defined in Section 50280.1, the legislative body of a city, county, or city and county may contract with the owner or agent to restrict the use of the property in a manner which the legislative body deems reasonable to carry out the purposes of this article and of Article 1.9 (commencing with Section 439) of Chapter 3 of Part 2 of Division 1 of the Revenue and Taxation Code. The contract shall meet the requirements of Sections 50281 and 50282. 50280.1. Qualified historic property. "Qualified historical property" for purposes of this article, means privately owned property which is not exempt from property taxation and which meets either of the following: (a) Listed in the National Register of Historic Places or located in a registered historic district, as defined in Section 1.191-2(b) of Title 26 of the Code of Federal Regulations. (b) Listed in any state, city, county, or city and county official register of historical or architecturally significant sites, places, or landmarks. 50281. Required contract provision. Any contract entered into under this article shall contain the following provisions: (a) The term of the contract shall be for a minimum period of 10 years. (b) Where applicable, the contract shall provide the following: (1) For the preservation of the qualified historical property and, when necessary, to restore and rehabilitate the property to conform to the rules and regulations of the Office of Historic Preservation of the Department of Parks and Recreation, the United States Secretary of the Interior's Standards for Rehabilitation, and the State Historical Building Code. (2) For the periodic examinations of the interior and exterior of the premises by the assessor, the Department of Parks and Recreation, and the State Board of Equalization as may be necessary to determine the owner's compliance with the contract. (3) For it to be binding upon, and inure to the benefit of, all successors in interest of the owner. A successor in interest shall have the same rights and obligations under the contract as the original owner who entered into the contract. (c) The owner or agent of an owner shall provide written notice of the contract to the Office of Historic Preservation within six months of entering into the contract. Mills Act Property Tax Abatement Program 4 OHP Technical Assistance Bulletin #14 50281.1. Fees. The legislative body entering into a contract described in this article may require that the property owner, as a condition to entering into the contract, pay a fee not to exceed the reasonable cost of administering this program. 50282. Renewal. (a) Each contract shall provide that on the anniversary date of the contract or such other annual date as is specified in the contract, a year shall be added automatically to the initial term of the contract unless notice of nonrenewal is given as provided in this section. If the property owner or the legislative body desires in any year not to renew the contract, that party shall serve written notice of nonrenewal of the contract on the other party in advance of the annual renewal date of the contract. Unless the notice is served by the owner at least 90 days prior to the renewal date or by the legislative body at least 60 days prior to the renewal date, one year shall automatically be added to the term of the contract. (b) Upon receipt by the owner of a notice from the legislative body of nonrenewal, the owner may make a written protest of the notice of nonrenewal. The legislative body may, at any time prior to the renewal date, withdraw the notice of nonrenewal. (c) If the legislative body or the owner serves notice of intent in any year not to renew the contract, the existing contract shall remain in effect for the balance of the period remaining since the original execution or the last renewal of the contract, as the case may be. (d) The owner shall furnish the legislative body with any information the legislative body shall require in order to enable it to determine the eligibility of the property involved. (e) No later than 20 days after a city or county enters into a contract with an owner pursuant to this article, the clerk of the legislative body shall record with the county recorder a copy of the contract, which shall describe the property subject thereto. From and after the time of the recordation, this contract shall impart a notice thereof to all persons as is afforded by the recording laws of this state. 50284. Cancellation. The legislative body may cancel a contract if it determines that the owner has breached any of the conditions of the contract provided for in this article or has allowed the property to deteriorate to the point that it no longer meets the standards for a qualified historical property. The legislative body may also cancel a contract if it determines that the owner has failed to restore or rehabilitate the property in the manner specified in the contract. 50285. Consultation with state commission. No contract shall be canceled under Section 50284 until after the legislative body has given notice of, and has held, a public hearing on the matter. Notice of the hearing shall be mailed to the last known address of each owner of property within the historic zone and shall be published pursuant to Section 6061. 50286. Cancellation. Mills Act Property Tax Abatement Program 5 OHP Technical Assistance Bulletin #14 (a) If a contract is canceled under Section 50284, the owner shall pay a cancellation fee equal to 121/2 percent of the current fair market value of the property, as determined by the county assessor as though the property were free of the contractual restriction. (b) The cancellation fee shall be paid to the county auditor, at the time and in the manner that the county auditor shall prescribe, and shall be allocated by the county auditor to each jurisdiction in the tax rate area in which the property is located in the same manner as the auditor allocates the annual tax increment in that tax rate area in that fiscal year. (c) Notwithstanding any other provision of law, revenue received by a school district pursuant to this section shall be considered property tax revenue for the purposes of Section 42238 of the Education Code, and revenue received by a county superintendent of schools pursuant to this section shall be considered property tax revenue for the purposes of Article 3 (commencing with Section 2550) of Chapter 12 of Part 2 of Division 1 of Title 1 of the Education Code. 50287. Action to enforce contract. As an alternative to cancellation of the contract for breach of any condition, the county, city, or any landowner may bring any action in court necessary to enforce a contract including, but not limited to, an action to enforce the contract by specific performance or injunction. 50288. Eminent domain. In the event that property subject to contract under this article is acquired in whole or in part by eminent domain or other acquisition by any entity authorized to exercise the power of eminent domain, and the acquisition is determined by the legislative body to frustrate the purpose of the contract, such contract shall be canceled and no fee shall be imposed under Section 50286. Such contract shall be deemed null and void for all purposes of determining the value of the property so acquired. 50289. Annexation by city. In the event that property restricted by a contract with a county under this article is annexed to a city, the city shall succeed to all rights, duties, and powers of the county under such contract. 50290. Consultation with state commission. Local agencies and owners of qualified historical properties may consult with the State Historical Resources Commission for its advice and counsel on matters relevant to historical property contracts. Mills Act Property Tax Abatement Program 6 OHP Technical Assistance Bulletin #14 California Revenue and Taxation Code, Article 1.9, Sections 439 – 439.4 439. Historical Property Restrictions; enforceably restricted property. For the purposes of this article and within the meaning of Section 8 of Article XIII of the Constitution, property is "enforceably restricted" if it is subject to an historical property contract executed pursuant to Article 12 (commencing with Section 50280) of Chapter 1 of Part 1 of Division 1 of Title 5 of the Government Code. 439.1. Historical Property; definitions. For purposes of this article "restricted historical property" means qualified historical property, as defined in Section 50280.1 of the Government Code, that is subject to a historical property contract executed pursuant to Article 12 (commencing with Section 50280) of Chapter 1 of Part 1 of Division 1 of Title 5 of the Government Code. For purposes of this section, "qualified historical property" includes qualified historical improvements and any land on which the qualified historical improvements are situated, as specified in the historical property contract. If the historical property contract does not specify the land that is to be included, "qualified historical property" includes only that area of reasonable size that is used as a site for the historical improvements. 439.2. Historical Property; valuation. When valuing enforceably restricted historical property, the county assessor shall not consider sales data on similar property, whether or not enforceably restricted, and shall value that restricted historical property by the capitalization of income method in the following manner: (a) The annual income to be capitalized shall be determined as follows: (1) Where sufficient rental information is available, the income shall be the fair rent that can be imputed to the restricted historical property being valued based upon rent actually received for the property by the owner and upon typical rentals received in the area for similar property in similar use where the owner pays the property tax. When the restricted historical property being valued is actually encumbered by a lease, any cash rent or its equivalent considered in determining the fair rent of the property shall be the amount for which the property would be expected to rent were the rental payment to be renegotiated in the light of current conditions, including applicable provisions under which the property is enforceably restricted. (2) Where sufficient rental information is not available, the income shall be that which the restricted historical property being valued reasonably can be expected to yield under prudent management and subject to applicable provisions under which the property is enforceably restricted. (3) If the parties to an instrument that enforceably restricts the property stipulate therein an amount that constitutes the minimum annual income to be capitalized, then the income to be capitalized shall not be less than the amount so stipulated. For purposes of this section, income shall be determined in accordance with rules and Mills Act Property Tax Abatement Program 7 OHP Technical Assistance Bulletin #14 regulations issued by the board and with this section and shall be the difference between revenue and expenditures. Revenue shall be the amount of money or money's worth, including any cash rent or its equivalent, that the property can be expected to yield to an owner-operator annually on the average from any use of the property permitted under the terms by which the property is enforceably restricted. Expenditures shall be any outlay or average annual allocation of money or money's worth that can be fairly charged against the revenue expected to be received during the period used in computing the revenue. Those expenditures to be charged against revenue shall be only those which are ordinary and necessary in the production and maintenance of the revenue for that period. Expenditures shall not include depletion charges, debt retirement, interest on funds invested in the property, property taxes, corporation income taxes, or corporation franchise taxes based on income. (b) The capitalization rate to be used in valuing owner-occupied single family dwellings pursuant to this article shall not be derived from sales data and shall be the sum of the following components: (1) An interest component to be determined by the board and announced no later than September 1 of the year preceding the assessment year and that was the yield rate equal to the effective rate on conventional mortgages as determined by the Federal Housing Finance Board, rounded to the nearest 1/4 percent. (2) A historical property risk component of 4 percent. (3) A component for property taxes that shall be a percentage equal to the estimated total tax rate applicable to the property for the assessment year times the assessment ratio. (4) A component for amortization of the improvements that shall be a percentage equivalent to the reciprocal of the remaining life. (c) The capitalization rate to be used in valuing all other restricted historical property pursuant to this article shall not be derived from sales data and shall be the sum of the following components: (1) An interest component to be determined by the board and announced no later than September 1 of the year preceding the assessment year and that was the yield rate equal to the effective rate on conventional mortgages as determined by the Federal Housing Finance Board, rounded to the nearest 1/4 percent. (2) A historical property risk component of 2 percent. (3) A component for property taxes that shall be a percentage equal to the estimated total tax rate applicable to the property for the assessment year times the assessment ratio. (4) A component for amortization of the improvements that shall be a percentage equivalent to the reciprocal of the remaining life. (d) Unless a party to an instrument that creates an enforceable restriction expressly prohibits the valuation, the valuation resulting from the capitalization of income method described in this section shall not exceed the lesser of either the valuation that would have resulted by calculation under Section 110, or the valuation that would have resulted by calculation under Section 110.1, as though the property was not subject to an enforceable restriction in the base year. Mills Act Property Tax Abatement Program 8 OHP Technical Assistance Bulletin #14 (e) The value of the restricted historical property shall be the quotient of the income determined as provided in subdivision (a) divided by the capitalization rate determined as provided in subdivision (b) or (c). (f) The ratio prescribed in Section 401 shall be applied to the value of the property determined in subdivision (d) to obtain its assessed value. 439.3. Historical Property; notice of nonrenewal. Notwithstanding any provision of Section 439.2 to the contrary, if either the county or city or the owner of restricted historical property subject to contract has served notice of nonrenewal as provided in Section 50282 of the Government Code, the county assessor shall value that restricted historical property as provided in this section. (a) Following the hearing conducted pursuant to Section 50285 of the Government Code, subdivision (b) shall apply until the termination of the period for which the restricted historical property is enforceably restricted. (b) The board or assessor in each year until the termination of the period for which the property is enforceably restricted shall do all of the following: (1) Determine the full cash value of the property pursuant to Section 110.1. If the property is not subject to Section 110.1 when the restriction expires, the value shall be determined pursuant to Section 110 as if the property were free of contractual restriction. If the property will be subject to a use for which this chapter provides a special restricted assessment, the value of the property shall be determined as if it were subject to the new restriction. (2) Determine the value of the property by the capitalization of income method as provided in Section 439.2 and without regard to the fact that a notice of nonrenewal or cancellation has occurred. (3) Subtract the value determined in paragraph (2) of this subdivision by capitalization of income from the full cash value determined in paragraph (1). (4) Using the rate announced by the board pursuant to paragraph (1) of subdivision (b) of Section 439.2, discount the amount obtained in paragraph (3) for the number of years remaining until the termination of the period for which the property is enforceably restricted. (5) Determine the value of the property by adding the value determined by the capitalization of income method as provided in paragraph (2) and the value obtained in paragraph (4). (6) Apply the ratios prescribed in Section 401 to the value of the property determined in paragraph (5) to obtain its assessed value. 439.4. Historical Property; recordation. No property shall be valued pursuant to this article unless an enforceable restriction meeting the requirements of Section 439 is signed, accepted and recorded on or before the lien date for the fiscal year in which the valuation would apply. p-nsPAGE 1373 This document is recorded for the benefit of the City of Palo Alto and is entitled to be recorded free of charge in • accordance with Section 6103 gf the Govemiftent Code. After Recordation, mail to: OFFICE OP THE CITY ATTORNEY 250 Hamilton Avenue Palo Alto, CA 94301 FEE FILED FOR RECORD AT REQUEST OF 96 FEB 15 PH 3:10 • OFFICIAL RECORDS SANTA CURA COUNTY BRENDA DAVIS RECORDER. HISTORIC PROPERTY PRESERVATION AGREEMENT [Gbverxuaiant Code section 50280] • THIS AGREEMENT is made and entered into this [1> day of • FcJiprtuo^y 1996, by and between ERNEST MARIO and MILDRED M. MARIO ("Owriers") and the CITY OP PALO ALTO, a chartered city and California municipal corporation ("City") . RECITALS A. Owners possess certain real property located in the' City of Palo Alto, Santa Clara County, California, commonly known as 900 University Avenue and described in Exhibit "A" attached hereto ("Property") , . which contains, the historic residential structure known as the Squire House and which, as hereinafter set forth, is a "c[ualified historic property" as defined in Government Code section 50280.1. B. The predecessor of the Owners, CONSTRUCTION SYSTEMS, INC., and the City entered into an Agreement dated April 11, 1977, entitled "GRANT DEED, RESERVATION OP PACADE EASEMENT, AND DECLARATION OP COVENANTS, CONDITIONS AND RESTRICTIONS" (hereinafter called "Easement")., which was filed for record in the Office of the Santa Clara County Recorder at Book C 793 Page 612 and which is binding on Owners and the City and remains in full force and effect. . . C. Owners and City desire to protect and preserve the Property in a. manner which retains its characteristics of hiBtorical significance. D. Owners .have requested that City enter .into an historical property agreement with respect to the Property, in consideration for which Owners will agree to perform certain new obligations with respect to the Property, NOW, THEREFORE, the parties in consideration of the mutual covenants and conditions set forth herein and . the 960201 h« rX)80198 substantial public benefit to be derived therefrom, do agree as follows: . ^ . SECTION 1 - AUTHORITY This Agreement is made and executed pursuant to Article 12 (commencing with Section 50280) of Chapter 1 of Part 1 of Division 1 of Title ,5 of the Government Code. This Agreement establishes that the subject property is a qualified historic . property under Government Code section 50280.1, in that it has been designated as an. historic landmark by the City pursuant to Chapter 16.49 of the Municipal Code, is State of California Historical Landmark No. 857, and is listed on the National Register of Historic Places. This Agreement does not affect or alter the —vatl-djrty-and-full ferco in o&lect of tJae-Bas-ement , • SECTION .2 - TERM OF AGREEMENT This Agr.eement shall be effective as of the. date of recordation, and shall remain in effect until March 1, 2006. Such term will automatically be renewed on its Renewal Date as provided in Section 5 of this Agreement. SECTION 3 - LIWITAf XONS ON LMTO UgE In addition to the limitations of the. Easement, during the term of this Agreement, the Property shall be subject to the following provisions, reqtuirements, and restrictions:. (a) Owners shall preserve and maintain (1) the first floor.interior of the Squire House, excluding the kitchen, and (2) the original oak main staircase up to the second floor, in substantially the same condition as depicted in the photographic inventory dated December, 1995, and entitled "Squire House Chronicle." Owners shall also, when necessary., restore and rehabilitate these elements of the Property according to the rules and regulations of the Office of the Historic. Preservation of the State Department of Parks and Recreation. (b) Owners shall provide whatever information shall be required by City to det;eimine the Property's continuing eligibility as a qualified historic property. • . (c) Owners shall, on an annual basis, open the Propierty, including the interior of the Squire House, to a public tour conducted by Owners or by a civic or historic organization selected by Owners.' (d) Owners shall provide for such periodic examinations, by appointment, of the interior and exterior of the Property by the County Assesses:, 960201 lac0080l';8 d8PflGE|375 the State Department of Parks and Recreation, the State Board of Equalization and City, as may be necessary to determine Ovmers's compliance with this Agreement. SECTION 4 - RECORDATION; WRITTEN NOTICE On or before March 1, 199 S, City shall record an executed copy of this Agreement in the Office of the Santa Clara County Recorder. Owners shall provide written notice of this Agreement to the Office of Historic Preservation, within six (6) months of entering into this Agreement. SECTION 5 - RENE^ On M&rch 1, 1997, and on March 1 of each year thereafter ("Renewal Date"), oiie (1) year shall be automatically added to the initial term of this Agreement, unless notice of nonrenewal is given as provided in this Section. If either Owners or City desire in any year not to renew the Agreement, such party shall serve written notice of nonrenewal of the Agreement oh the other party in advance of the Renewal Date. Unless, such notice is served by Owners to City at least ninety (90) days prior to the Renewal Date or by City at least sixty. (SO) days prior to the Renewal Date, one (1) year shall automatically be added to the term of this Agreement. Upon receipt by Owners of the notice of nonrenewal from City, Owners may make a written protest of the notice i City.may, at any time prior to the Renewal Date, withdraw its notice- to Owners of nonrenewal. If either City or Ovnaers serves notice to the other of nonrenewal in any year, the Agreement shall remain in effect for the balance of the term remaining since its original execution, or since the last renewal of the Agreement, whichever the case may be. .. .SECTION 6 - CANCELLATION City may cancel this Agreement if it determines, following a noticed public hearing, that Owners have breached any of the conditions of the Agreement or have allowed the property to deteriorate to the point that it no longer meets the standards for a qualified historic property. City may also cancel this Agreement if it determines that Owners have failed to restore or rehabilitate the property in, the manner specified in Section 3 of this Agreement. As an alternative, to cancellation of the Agreement .for breach of any condition, the City shall pursue all available legal remedies to seek enforcement of the Agreement, including bringing a court action to enforce the Agreement by specific performance and/or injunctive relief. SECTION 7 - ATTORNEYS' FEES The prevailing party in any action to interpret or enforce this Agreement shall be entitled to recover its reasonable attorneys' fees. 960201 Ue 0080198 P208PftGE|378 CERTIFICATE OF ACKNOWLEDGMENT (Civil Code § 1189) . STATE OF 0^M.^O^/i/)UA ) • COUNTY OF Sov^fZtf QJ^A^ ] ) On ^ 799<&. before me,^^^^^ a notary public in ^nd'for said County, perstonally appeared MILDRED M. MARIO, personally known to me (or proved to.me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument, and acknowledged to me that she executed the same in her authorized capacity, and that by her signature on the instniment the person, or the entity upon behalf of which the person acted, executed the. instrument. WITNESS my hand and official seal. ^ / • /) /i^ i ^fS^ Commtalon #1077415 . g. i^Turi^ a- i OP '*£S£^-Sr'° \ Mf Comm. Expires Nov 12.19991 m m 9 m w V m mnw \ 960201 Ik 0080198 EXHIBIT "A" All that real property commonly designated by street address as 900 University Avenue, Palo Alto, Santa Clara County, California 94301, and more particularly described as follows: Beginning at the Westerly comer of Lot 1, Block 67 as shown on that certain map entitled "University Park" recorded on February 27, 1889 in Book "D" .of. Maps at page 69., records of Santa Clara-. Goointy, California, .. said. poiijit _ _ also being the point of Intersection of the Northeasterly line of Seneca Street with the Southeasterly line of University Avenue; thehce N. 38" 05' E. along said Southeasterly line 200.00 feet; thence leaving said Southeasterly line S. 51" 55' E. 200.00 feet; theiice S.. 38" 05' W. 200.00 feet to a point on- said Northeasterly line of . Seneca Street; thence N,. 51" 55' W. along said last named line 200.00 feet, to the point of beginning, containing 0.918 acre, more or less, and being a portion of said Lot X. a<m(ii l.>-iifiim707 "f *• . Jir.o Requested BY: e^^-^for.Tia L.arJ •. itle Compar^y =row No. 55702-SV .••iairTo\ ConfitructioMS Systens Inc. 'VN: 3-4-oS 1499 SticrllhRoad• 6 Moantain View, Caliiorni 94040 N 3-4-15 5032944 - C 793 ntSlZ GRANT DEED, RESERVATION OF FACADE BASEMENT, AND DECLARATION OF COVENAiVTS, CONDITIONS, AMD RESTRICTIONS ' : . . : . ^ .., ^, THIS AGREEMENT is wad-j by and between the Cr'3f OF PALO ALTO, a municipal corporation of the State of California, hereinafter referred to as "City," and CONSTRUrriON SYSTEMS, INC., a California corporation, with offices at 1499 Stierlin Road, Mountain View, '^^.'ifornia, hereinafter referred to as "Grantee"; W I N E S S E T H: WHEREAS, as of the date hereof, CITY is the owner of certain real property. Including all improvements located thereon, in the City of Pailo Alto, County of Sai^ta Clara, State of California, which property is commonly designated by street address as 900 University Avenue, and is more particularly described in the documeat attached hereto, designated as Exhibit "A", and incor- por<atecl by reference as though fully set forth herein, all of which j.s hereafter referred to as the "property*; aiid traCREAS, situate on the £>rQperty there is a house commonly ' known as "the, SgUire House," which was constructed in 1905, is' of historical'and architectufdl significanbe, and, together With the la^id upon which it is situated, is an historical atnd archi- tectural site worthy of perpetual preservationi and WHEREAS, the land surrounding the Squire Incuse has affixed thereto a stand of twenty-five (25) large palm trees, one (1) spcciman oak tree, and-two (2)'spesiaien redwood trees, the pre- servation of which enhances the historical and zurchitectural aspects of the Squire House; and vniERSAS, the past tendency to destroy old, graceful and traditional architecture and td"build in its place often grace- less, even'if cbntempcrarily..popular, architecture, is being replaced in the Palo' Alto cointauhil.y by an increasing appreciation of the' value of retaining the richuesA of our heritage; and WHEREAS, it is the intent of CITY, and the desire of GRANTEE, to preserve and zaaintain the property in' a physical t^onditipn which, as nearly as reasonably possible, would resemble its original chairacter as a single-family dwelling in a formal estato setting; NOW, THEREFORE, in recogniliion of the foregoing and for valuable consideration, receipt'of which hereby is acknowledged, CITY grants and conveys to ;GRANTEE title to the. property, re- sdrvin9 therefrom a perpetual facade easement in gross in the property, hereinafter referred to as the "easemeiv^" which easement includes and is subject to t^e ccvenanta^^bnditions, and restrictions that follow. • •"' " // ItaMi CkiV Omv^^ flWiflii odSO RESERVATION OF FACADE\EASEMENT the p.v6perty coqsistiiig / native and negative coves*'? ' The CITY reserves an interest of the benefit of the following affii nantS/ conditions/ and restrictionst (1) Building. GPANTEE shal'I^ot, without the prior wr/ltten approval o£ CITY, undertake, or penrdt, directly or indirectly, any destruction, construction; alteration,, remodeling, or sialnting, or do or-permit, directly or;indirectly, arty other thin^ vpaich would.materially -affect^'the exterior appearance, includin/j the roof,. or public view of the Squire House as depicted in yhe photogfapnn the. plot plan; - and' other documents attache^ hereto, designated as Exhibit "B^;vand incorporated by refers nc6 as though fully set forth herein.' ., ' (2) . Historical Designation.Monument;• GRANTEE sAall .not, without the ::prior written'approval of CITY, under tsJe«j or permit, direetly or.indirectly, the removal, destruction, a«tera,tion, or inoveioisnt of' the; miDuument which hais attached to it the historical designation plaque : as depict.ed .in said Exhibit "B". The written approval requJired to. be obtained from CXTY hereunder may be given by the: City Manager of CITY or his/her authorized representative for th'e.nioveident of. the monuioent to ah alternate location on the Squire . House property. at the e^ense of GRANTEE and under the supezvisiori'of'CITY. (3) Trees J. : GiRANTEE • shal 1- not, without the prior written approval o£ CITY,;. wider take' or permit, directly or indirectly, any. removal, destruction, altieration, or major pruning, or do or permit, directly or indirectly, any other thing which would niaterially . af fect the appearance, health, or pul>lic view of the aforesaid palm trees, oak.tree, and redwood trees, as depicted in the plot.plan,.attached hereto, designated as Exhibit "C", and incorporated by'^ireference as though fully set forth herein. The written approval•required to be obtained from CITY hereunder may be given by the City. Manager of CITY or hie/her e.^thorized rep- resentative for the. pruning or h-^alth maintenance of the trees, th<« removal-of diseased trees, '^nd installations, construction, and repairs on the.property which might affect said trees but not the Squire House. (4) Maintenance and Repair. .RAMTEE at all times shall maintain- the property , in a ^eife, good, and scund state of repair arid <ihall take all reasonable actiorv so that minimal deteriora- tion in its present''exterior, appearance, as depicted in said Exhibit "Bi* and Exhibit "C"/ and any improvements .jnd repairs thereto shall take place.* GRANTEE agrees to save and hold harmless CITY, its ^ployees, officers,.agents, and assigns from any and all liability, including costs and attorneys fees, arising out of GKAMTEE's failure to properly maintain the property as required hereunde.:. (5) Insurance. GRANTEE at all tithes and at his sole cost and expense shall maintain and keep in force a standard homeowners insurance policy. Form 3, Or equivalent coverage on the property -2- such.as a standard fi the dyielling special Best's as A, AAA or b shall be insured for cost at the time of 1 nioans replaccc^nb or architectural integri from time to time. re insurance policy with extended coverage, form, with an insurance company rated by etter. the Squire House and in»prov6fr.entS!: *• no less th^n its replacement or reconstruction osa. Said replaceinent or reconstruction cost reconstruction to the original character and ty of the Squire House as It may ba improved The City of Palo Alto shall be n<ar.ed as an additional insured under the above-specified insuremce policy. A certificate of said Property Insurance shall be filed with Che. City Clerk of CITY concurrently with the execution of this agreement or .within ten (10) dayj thereafter. A certified copy of said policy will also be filed with the City Clerk of CITY within thirt, (30) days of the execution of this agreement. Said certificate and policy shall be subject to the approval of the City Attorney of CITY. Current certificates and policies of insurance shall be kept on file with the City Clerk of CITY during the entire duration of this agreement. (6) Restoration. In the event of ''ny damage to, or de- struction of, any.part of the property adversely aff^ctinrr. directly or indirectly, the interest in the property reserved hy CITY: (a) GRANTEE shall immediately notify CITY in writing of such daxaage or destruction. (b) GRANTEE shall pursue in a timely maxmer all avail- able claims and remedies againsU any insurance policy covering, and against any person or entity responsible fur, the damage or destruction. (c) -6RAMTEE shall use any iijoney or other thing de- rived from any such claim or remedy to restore the damaged or destroyed part of the property adversely affecting CITY*s interests therein as soon as possible tn its pre-existing con- dition and architectural integrity, subject to the required prior written approval of CITY, ar specified above. (7) Entry by CITY. CITY shall have the right to enter upon the property, including any structure thereon, after rea- sonable prior notice to GRAl^TEE, at all reasonable times in order to inspect the same and to oxercise any or all of its rights herein. (8) Subdivision. The property shall not be subdivided. Kegardl (9) fndustrial, Comir^rcial, Mining, or Drilliny Activities, aiess of the zoning of the property, no xna istrxal, comroorcial. mining, or drilling activities ah^ll be carried out upon the pro- perty without the prior written approval of CITY for each such proposed new or different activity. -3- 4 (9» (10) Improvement and Pepair by City. CITY sha: iht, but hot the obligation, to inake Improvements CITY shall have the right, but not tne ouiigation, to maxe amprovements or repairs . to th.e property, including the Squire House/ and all other' st!ructu-..s and fixtures thereon, to preserve and enhance the property's historical emd architectural authenticity and to retain and maintain as nearly as possible the original character of the property. ^ (11) Additional Structllres and Planting. No structures in addition to the existing oiies, including fencing, shall be con- structed or erected on the proEierty without the prior written approval pf CITY. No planting shall significantly obstruct the view of the Squire Tfouae from ad-iaeent Btreeta and sidewalKs. II NATURE AND DURATION The covenants, conditions, and restrictions contained herein constitute a binding equitable servitude upon the property, in perpetuityand shall run with the land and shall be binding on all parties having or acquiring any right, title, or interest in the property or any part there^pf, including agents, personal representatives,,ntortgagees, hiiirs, assigns, and all other successors in interest, and shall inure to the benefit of CITY, its successors, and assigns. GRANTEE agrees that the covenemts, conditions, and restrictions contained herein will be inserted in any subsequent deed or other legal instrument by which GRANTEE divests hintself/ herself of either fee sinqple title to, or of any other possessory interest in, the property. Ill REMEDIES In the event GRANTEE violates any provision hereof, CITY shall have available such legal and equitable remedies as are provided by law to enforce the obliga^tibn or obligations of GRANTEE hereunder and, in addition thereto and as en alte^rnative, at the sole option and discretion of CITY> CITY nay enter upon the property and any structure thereon to'correct any.viblatlon and hold GRANTEE responsible for the Cost thereof after thirty days* written notice to GRANTEE to Cure the violation and failure by GRANTEli; to SO cure the violation. Said costs shall be deemed to be an assessment. IV LIEN FOR ASSESSED COSTS (I) Creation of Lien and Procedure. Bach of such costs assessed pursuant to Article III hereof shall be a separate and .-listincv. debt obligation of GRANTEE. The amovmt of any assessment, including Interest at the rate of nine and one-half percent '9-1/21), and costs, i.icluding reasonable attorneys' fees, shall be a lien upon the property, and GR-J^ITEE hereby expressly grants tc CITY e.nd its assign or assigns a continuing lien against the property to secure the payiricnt to CITY and its assign or assi^-ns of any and all such assessments which may be made from t-i..e .to time. As such assessmonts are made against GRANTEE, CITY -4- C' 793 H«616 .1' shall cause to be recorded with the county recorder of tJ^o County cf Santa Clara a notice of assessment, which shall'btate*'uicf ^\ amount of such assessment and such other charges thereon, a des- cription cf Uifi .p-tpperty, and the name of the record owner or owners thereof' Such notice shall be signed by the City Manager of CITY or his/her authorized representative. Upon payment of such assessment and charges in connection .with which such notice has been so Recorded, or other satisfaction thereof, the City Manager of CITY or his/her ^authiorlsed representative shall cause to be riecbrded a further notice stating the satisi^action and re- lease of the lien assessment thereof. Except as provided herein, such continuing lien shall>e prior to all other liens and en- cu.'Td:>rances recorded subsequent to the record.ation o£ this document unless CITY, and GRANTEE agree to the subcxdinatlon thereof to other liens and •..enciunbrances. (2). Alternative Creiiation of Lieii. If it should be deter- mined by .a Court, by judicial prececleiM:, or otherwise that the lien granted hereunder, c&nnot-attach. to .the property until jkhe amount of the particular assessment ia'.ascertairied,or that the lien is otherwise invalid "or void, theii the parties agree that a separate lien s}>all attach to the property and come into being upon recorda- tion of a Tuatlce of assessxaent as. provided herein and that , each of such liens shall be prior to all other liens and encumbrances recorded subsequent to the recordation of said notice of assessment unless CITY .and GRAltTEZ agree to the subordination thereof to other liens ^nd encumbrances. ' ,(3) Foreclosure. With the prior approval of the Council of CITY, «ity such lien may be foreclosed by an appropriate action in Court or in.tne aaamer provided by law for the foreclosure of a mortgage under power of sale. Any action in Court brought to foreclose such a lien shall b@« commenced within two (2) years fol- lowing such recordation. .In the event the foreclosure is under =\ power of sale, as in.the case qf a mpr^gage, the Gity^ Meager of CITY or hia/hex- authprized representative or the assign or assigns of CITY shall be deemed to b^ .'acting as the agent of ClTi, and CITY, or its.^ assign or assigns, as the case may be, shall be en- . pitied to actual expenses and such fees as may be allowed by law or as may be prevailing at the time the sale is conducted; , • • • /• • • ' (4) Sale. Such sale shall be conducted in accordance with the provisions of law applicable to the exercise of powers of. salts and mortgages and deeds of trust; of in any other manner.; permitted by law. With the prior approval o£ the CounciV of CITY the certificate of sale may be executed and acknowledged by.\'the City Manager of CITY or by the person cohductin^' the sale. ' A deed upon th&^GQurt'3 foreclosure shall be executed In a like mannez after the lapse of the-period of redemption then required by statute, (5)' Other Liens. No provision hereof respecting the creation o^'a contractual lien shall in any way be construed ' as limiting or waiving any right of CITY to assert any statutory or other lien that may be availeible to it. i -5- 4 c m msv? MORTGAGE PROTECTION (1) Sulaordination Agreement. Notwithstanding all other provisions herein/ the lien or liens, as the case may be, created uiider Article IV hereof on the property shall be subject and subordinate to., and shall not affect the rights of the holder of tlie indebtedness secured by £iny recorded first mortgage (meaning a mortgage with first priority over other mortgages) upon such interest made in good faith and ^or value, provided that utiere is no outsteuidlng recorded not'.ce of assessment pursuant to Article IV hereof. ' If thnra is any outstanding recorded notice of assessment prior to a first mortgage, then the amount of the lien shown on the notice or notices of assessment shall be senior to the interest of the mortgagee, but otherwise any further right of CITY to lien pursuant to Article IV shall be subordinate to such mortgagee. After the foreclosure of any suuh mortgage, there is, or may be* as the case may be, a lien created pursu2uit to Article IV hereof on the interest of t}ie purq^taser at such foreclosure sale to secure all assGssroiBnts ass^^ssed hereunder to such purchaser as a GBANTBE after the diate of such foreclosure sale, which said lien, if any claimed, shall have the sair.> effect and be enforced in the saxaa manner as provided herein. (2) Anig.n4iwfint. No amendment of this Article shall affect the rights, of the holder of any such mortgage recorded prior to the recordation of such amendment who does not join in the execution thereof. VI SEVERABILITY The provisions hereof shall be deemed to be independent and severable, .and', the invalidity or partial invalidity or unenforceability of any one provision or portion thereof shall not affect tlie validity or enforceability of any other provision hereof. . ' VII INTERPRETATION The; provisions hereof shall be liberally construed to effectuiite the purposes recited herein. Failure to enforce any provision hereof shall not constitute a waiver of the right to enforce said provision or any other provision hereof. VIII - • NOTICES Any. and all notices or other communications required or permitted hereunder or by law to be served on or given to either party hereto by the other party hereto shall be in writing and shall be deemed duly ser\'cd and given when deposited in the United States mail, first-claiSs postage prepaid, addressed to GRANTEE at the address of the property or to CITY, in care of -6- ti'.e City Clerk, Civic Center, 250 Hamilton Avenue, Palo Alto, California 94301. Either party may cfiange their address for the purpose of this Article by giving written notice of puch change to the other party in the manner provided in this Article. IX TIME OF ESSENCE Time is expressly declared to be the essence of this agree- inent. COSTS AMD ATTORNEYS' FEES The prevailing party in any action brought to enforce the terihs of this agreexcent or arising out of this agreement may recover its reasonable costs and attorneys' fees expended in connection with such an action from the other party. IN WITNESS WHEREOF, CITY has caused its name 2md seal to be affixed hereto a:\d this instrument to be executed bj' its duly authorized officer this fItL day of /XoA t>C , 1977. ; I, . ~" m CITY PALO ALT APPRO i ty iiaina^)?^ : r -• .V APPROVED: Ciey Controller AT'PkOVED: yy t)lrec;Cor p.f Budget & Staff Services -7-