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Historic Property Preservation Agreements <br />October 16, 2018 <br />Page 2 <br />DISCUSSION <br />This action allows for the approval of a Historic Property Preservation Agreement (Mills Act <br />Contract) which provides a potential property tax reduction whereby property owners agree to <br />reinvest the tax savings towards the maintenance of the historic property (Exhibit A). <br />Additionally, the agreement prevents inappropriate alterations to the historic structures (Exhibits <br />B1 -B9). <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #5 - Community Health, Livability, <br />Engagement & Sustainability, Objective #2 (expand opportunities for conservation and <br />environmental sustainability) and Objective #3 (facilitate diverse housing opportunities and <br />support efforts to preserve and improve the livability of Santa Ana neighborhoods). <br />FISCAL IMPACT <br />The Historic Property Preservation Agreement will reduce the Property Tax revenue account <br />01102002-50011 to the City by an estimated $7,987.08 annually noted below, for a period of not <br />less than ten years. <br />HPPA No. <br />Address <br />Estimate <br />Exhibit No. <br />2017-12 <br />2011 N. Ross Street <br />$853.18 <br />B1 <br />2017-36 <br />1318 N. Baker Street <br />499.86 <br />B2 <br />2017-45 <br />2145 N. Greenleaf Street <br />783.09 <br />B3 <br />2017-50 <br />2108 N. Heliotrope Drive <br />$1,507.97 <br />B4 <br />2017-55 <br />2203 N. Flower Street <br />$717.72 <br />B5 <br />2017-57 <br />2005 N. Greenleaf Street <br />$850.08 <br />B6 <br />2017-59 <br />2013 N. Heliotrope Drive <br />$1,123.82 <br />B7 <br />2017-61 <br />2038 N. Ross Street <br />$860.20 <br />B8 <br />2018-01 <br />1110 S. Parton Street <br />$791.18 <br />1 B9 <br />Total for All Properties: <br />$7,987.10 <br />Minh Thai s <br />Executive Director <br />Planning and Building Agency <br />PG:fg <br />&RFCAM0-16-18TBA Hlstodc Prop PresemUm Mills Act Agmt 10-16-18 <br />APPROVED TO FUNDS AND ACCOUNTS: <br />Sergio Vid M (zs q) <br />Acting Executive Director <br />Finance and Management Services Agency <br />Exhibits: A. Mills Act Agreement Template <br />B1 -B9 Historic Resources Commission Staff Reports <br />25A-2 <br />