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HPPA No. 2006-01 <br />July 6, 2006 <br />Page 2 <br />One of the eligibility requirements for the <br />property must be listed on the Santa Ana <br />Properties. The subject property was placed on <br />categorized as Key in March 2006 by the Histor <br />(Exhibit 1). <br />Upon consideration of the application, it is re <br />enter into a Historic Property Preservation Ag <br />review of the property indicates that this <br />structure is in excellent condition. As a <br />property rehabilitation plan will not be rec <br />agreement. Photos of the property are include <br />well as a photo location map. The benefits of <br />include, but are not limited to, the following: <br />1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />Reduced property tax to allow reinve <br />preservation of the property. <br />Allows for a mechanism to provide for <br />Provides an additional incentive for pot <br />historic structures. <br />dills Act is that the <br />tegister of Historical <br />the local register and <br />is Resources Commission <br />ommended that the City <br />>ement (Exhibit 2). A <br />Tudor Revival styled <br />result, a supplemental <br />fired as part of this <br />with the agreement as <br />xecuting this agreement <br />for the long-term <br />y rehabilitation. <br />ial buyers to purchase <br />Discourages inappropriate alterations to thehistoric property. <br />Provides an opportunity for visual improvement to the physical <br />environment of the community. <br />Offers additional support and attention for historic districts and <br />historic structures in the City. <br />CEQA Compliance <br />In accordance with the California Environmental Quality Act, the <br />recommended action is exempt from further review. A Notice of Exemption <br />will be filed for this project. <br />Hally S oleske <br />Associa e Planner <br />Sergio <br />Senioz <br />CP <br />HS:jm <br />hs\historic info\mi11s act agreements\hppa06-O1 2419 N BonnieBrae.hrc <br />25A-4 <br />