Item 23 - Approval of Historic Property Preservation Agreements

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Approval of Historic Property Preservation Agreements May 7, 2024 Page 2 4 1 6 0 DISCUSSION On January 11, 2024 and March 7, 2024, the Historic Resources Commission (HRC) recommended that the City Council authorize the City Manager to execute the Mills Act agreements listed in Table 1, above, with the identified property owners for historic structure(s) in the City, subject to non-substantive changes approved by the City Manager and City Attorney. This action allows for the approval of a Historic Property Preservation Agreement (Mills Act Contract) which provides a property tax reduction whereby property owners agree to reinvest the tax savings towards the maintenance of the historic property. Additionally, the agreement prevents inappropriate alterations to the protected historic structure(s). ENVIRONMENTAL IMPACT In accordance with the California Environmental Quality Act, the proposed projects are exempt from further review. The following Categorical Exemptions will be filed for this project: •ER No. 2023-121 (925 N. Lowell Street) •ER No. 2023-131 (801 N. Minter Street) •ER No. 2024-01 (944 W. Buffalo Avenue) FISCAL IMPACT The Historic Property Preservation Agreement will reduce the Property Tax revenue account 01102002-50011 to the City by an estimated $2,709.58 annually noted below, for a period of not less than ten years. HPPA No.Address Estimate Exhibit No. 2023-12 925 N. Lowell Street $622.99 1-2 2023-13 801 N. Minter Street $1,073.00 3-4 2024-01 944 W. Buffalo Avenue $1,013.59 5-6 Total for All Properties:$2,709.58 EXHIBIT(S) 1. Mills Act Agreement – 925 N. Lowell Street 2. HRC Staff Report – 925 N. Lowell Street 3. Mills Act Agreement – 801 N. Minter Street 4. HRC Staff Report – 801 N. Minter Street 5. Mills Act Agreement – 944 W. Buffalo Avenue 6. HRC Staff Report – 944 W. Buffalo Avenue Submitted By: Minh Thai, Executive Director of Planning and Building Agency Approved By: Alvaro Nuñez, Acting City Manager