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Historic Property Preservation Agreements <br />October 15, 2024 <br />Page 2 <br />DISCUSSION <br />On September 5, 2024, the Historic Resources Commission (HRC) recommended that <br />the City Council authorize the City Manager to execute the Mills Act agreements listed <br />in Table 1, above, 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 />This action allows for the approval of a Historic Property Preservation Agreement (Mills <br />Act Contract) which provides a property tax reduction whereby property owners agree to <br />reinvest the tax savings towards the maintenance of the historic property. Additionally, <br />the agreement 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. 2024-67 (2539 N. French Street) <br />• ER No. 2024-68 (2312 N. Spurgeon Street) <br />• ER No. 2024-69 (1113 W. Riviera Drive) <br />• ER No. 2024-70 (1106 S. Parton Street) <br />• ER No. 2024-71 (214-218 W. 4th 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 $6,742.82 annually noted below, <br />for a period of not less than ten years. <br />HPPA No. <br />Address <br />Estimate <br />Exhibit No. <br />2022-20 <br />214-218 W. 4th Street <br />$3,121.97 <br />1-2 <br />2024-09 <br />2539 N. French Street <br />$634.45 <br />3-4 <br />2024-10 <br />1113 W. Riviera Drive <br />$1,103.98 <br />5-6 <br />2024-11 <br />2312 N. Spurgeon Street <br />$1,474.94 <br />7-8 <br />2024-12 <br />1106 S. Parton Street <br />$407.48 <br />9-10 <br />Total for All Properties: <br />$6,742.82 <br />EXHIBIT(S) <br />1. Mills Act Agreement <br />— 214-218 W. 4th Street <br />2. HRC Staff Report — <br />214-218 W. 4th Street <br />3. Mills Act Agreement <br />— 2539 N. French Street <br />4. HRC Staff Report — <br />2539 N. French Street <br />5. Mills Act Agreement <br />— 1113 W. Riviera Drive <br />6. HRC Staff Report — <br />1113 W. Riviera Drive <br />7. Mills Act Agreement <br />— 2312 N. Spurgeon Street <br />8. HRC Staff Report — <br />2312 N. Spurgeon Street <br />9. Mills Act Agreement <br />— 1106 S. Parton Street <br />10. HRC Staff Report — <br />1106 S. Parton Street <br />