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HPPA No. 2003-09 March 4, 2004 Page 2 One of the eligibility requirements for the Mills Act is that the property must be listed on the Santa Ana Register of Historical Properties. The subject property, Reid House, was placed on the Register and categorized as Landmark on April 3, 2003 by the Historic Resources Commission (Exhibit I). After consideration of the owners' application, it is recommended that the City enter into a Historic Property Preservation Agreement (Exhibit 2). A review of the property indicates the residence was built in 1930, featuring Spanish Colonial Revival style characteristics. The house has been maintained in excellent . condition, therefore a supplemental property rehabilitation plan will not be required as part of this agreement. The benefits of executing this agreement include, but are not limited to, the following: 1. Reduced property tax to allow reinvestment for preservation of the property. 2. Assures a mechanism to provide for property rehabilitation. 3. Prevents inappropriate alterations to the historic property. 4. Provides an additional incentive designated historic structures. for homebuyers to purchase 5. Provides an opportunity for visual improvement to the physical environment of the community. 6. Provides a focus on historic structures in the City. CEQA Compliance In accordance with the California Environmental Quality Act, the recommended action is exempt from further review. A Notice of Exemption will be filed for this project. c:1~ Lynnetteperry Associate Planner, AICP ~osa~ Senior Planner LP:JM Ip\Historic\HRC Staft Hepor"\hppdO3 ~O9 .hrc 258-4