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HPPA No. 2010-01 <br /> April 1, 2010 <br /> Page 2 <br /> One of the eligibility requirements for the Mills Act is that the property must be listed on the Santa <br /> Ana Register of Historical Properties. The subject property was placed on the local register as the <br /> Gear House and categorized as Contributive in April 2010 by the Historic Resources Commission <br /> (Exhibit 2). <br /> Upon consideration of the application, it is recommended that the City enter into a Historic Property <br /> Preservation Agreement (Exhibit 3). Photos of the property are included with the agreement as <br /> well as a photo location map. The benefits of executing this agreement include, but are not limited <br /> to, the following: <br /> 1. Reduced property tax to allow reinvestment for the long term preservation of the property. <br /> 2. Allows for a mechanism to provide for property rehabilitation. <br /> 3. Provides an additional incentive for potential buyers to purchase historic structures. <br /> 4. Discourages inappropriate alterations to the historic property. <br /> 5. Provides an opportunity for visual improvement to the physical environment of the <br /> community. <br /> 6. Offers additional support and attention for historic districts and historic structures in the City. <br /> CEQA Compliance <br /> In accordance with the California Environmental Quality Act, the recommended action is exempt <br /> from further review under General Rule Section 15061(b)(3), and therefore, the recommended <br /> action is exempt from further review. <br /> Hally So leske Ser io otz, I <br /> <br /> Associat Planner Princi Pla <br /> HS:jm <br /> hsViistoric intoVnills act agreements12345_N_NoRhPark\hppal0-1.hrc <br /> 2 5A-4 <br /> <br />