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Historic Property Preservation Agreements <br />November 7, 2023 <br />Page 2 <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 Exemption will be filed for this <br />project: <br />• ER No. 2023-61 (1908 North Greenleaf Street) <br />• ER No. 2023-78 (302 West Fourth Street) <br />FISCAL IMPACT <br />The Historic Property Preservation Agreement will reduce the Property Tax revenue <br />account 01102002-50011 to the City by an estimated $4,558.42 annually noted below, <br />for a period of not less than ten years. <br />HPPA No. <br />Address <br />Estimate <br />Exhibit No. <br />2023-07 <br />1908 North Greenleaf Street <br />$435.07 <br />1-2 <br />2023-08 <br />302 West Fourth Street <br />$4,123.35 <br />3-4 <br />Total for All Properties: <br />$4,558.42 <br />EXHIBIT(S) <br />1. Mills Act Agreement — 1908 North Greenleaf Street <br />2. HRC Staff Report — 1908 North Greenleaf Street <br />3. Mills Act Agreement — 302 West Fourth Street <br />4. HRC Staff Report — 302 West Fourth Street <br />Submitted By: Minh Thai, Executive Director of Planning and Building Agency <br />Approved By: Steven A. Mendoza, Acting City Manager <br />