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Approval of Historic Property Preservation Agreements <br />March 21, 2023 <br />Page 2 <br />DISCUSSION <br />On November 3, 2022, the Historic Resources Commission (HRC) recommended that <br />the City Council authorize the City Manager to execute the following Mills Act <br />agreements with the identified property owners for historic structure(s) in the City, <br />subject to non -substantive changes approved by the City Manager and City Attorney: <br />Historic Preservation Agreement Number 2022-12, 2022-18, 2022-19, 2022-21, and 2022- <br />22. On January 19, 2023, the Historic Resources Commission (HRC) recommended <br />that the City Council authorize the City Manager to execute the following Mills Act <br />agreements with the identified property owners for historic structure(s) in the City, <br />subject to non -substantive changes approved by the City Manager and City Attorney: <br />Historic Preservation Agreement Number 2022-23 and 2022-24 . This action allows for <br />the approval of a Historic Property Preservation Agreement (Mills Act Contract) which <br />provides a property tax reduction whereby property owners agree to reinvest the tax <br />savings towards the maintenance of the historic property. Additionally, the agreement <br />prevents inappropriate alterations to the protected historic structure(s). <br />ENVIRONMENTAL IMPACT <br />In accordance with the California Environmental Quality Act, the proposed projects are <br />exempt from further review. The following Categorical Exemptions will be filed for this <br />project: <br />• ER No. 2022-102 (2123 N Freeman Street) <br />• ER No. 2022-103 (2218 N Ross Street) <br />• ER No. 2022-104 (313 N Birch Street) <br />• ER No. 2022-105 (501 E Washington Avenue) <br />• ER No. 2022-106 (2003 N Victoria Drive) <br />• ER No. 2022-125 (947 W Buffalo Avenue) <br />• ER No. 2022-126 (1915 N Flower Street) <br />FISCAL IMPACT <br />The Historic Property Preservation Agreements will reduce the Property Tax revenue <br />account 01102002-50011 to the City by an estimated $10,505.53 annually noted below, <br />for a period of not less than ten years. <br />HPPA No. <br />Address <br />Estimate <br />Exhibit No. <br />2022-12 <br />2218 N. Ross Street <br />$1,008.83 <br />1-2 <br />2022-18 <br />2003 N. Victoria Drive <br />$1,910.60 <br />3-4 <br />2022-19 <br />313 N. Birch Street <br />$3,017.77 <br />5-6 <br />2022-21 <br />501 E. Washington Avenue <br />$653.85 <br />7-8 <br />2022-22 <br />2123 N. Freeman Street <br />$1,501.50 <br />9-10 <br />2022-23 <br />1915 N. Flower Street <br />$1,564.68 <br />11-12 <br />2022-24 <br />947 W. Buffalo Ave <br />$848.30 <br />13-14 <br />Total for All Properties: <br />$10,505.53 <br />City Council 21 — 2 3/21/2023 <br />