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Approval of Historic Property Preservation Agreements <br />November 4, 2025 <br />Page 2 <br />Property Owner(s) <br />Historic Property <br />Preservation <br />Agreement No. <br />Address/House <br />Vote by HRC <br />5:0:0:3 (Commissioners <br />E. Thomas Chappell, an <br />2025-10 <br />433 W. Santa Clara <br />Shipp, Rincon, and <br />Unmarried Man <br />Avenue <br />Vice Chair Christy <br />absent) <br />4:0:1:3 (Commissioner <br />Almendral abstaining; <br />DLKC Investments, LLC <br />2025-06 <br />2520 N. Valencia Street <br />Commissioners Shipp, <br />Rincon, and Vice Chair <br />Christy absent) <br />GOVERNMENT CODE 484308 APPLIES: Yes <br />DISCUSSION <br />On September 23, 2025, the Historic Resources Commission (HRC) recommended that <br />the City Council authorize the City Manager to execute the Mills Act agreements listed in <br />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. This <br />action allows for the approval of a Historic Property Preservation Agreement (HPPA/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. 2025-72 (1412 N. Louise Street) <br />• ER No. 2025-70 (2402 N. Riverside Drive) <br />• ER No. 2025-69 (2556 N. Valencia Street) <br />• ER No. 2025-78 (433 W. Santa Clara Avenue) <br />• ER No. 2025-75 (2520 N. Valencia Street) <br />FISCAL IMPACT <br />The Historic Property Preservation Agreements will reduce the Property Tax revenue <br />account 01102002-50011 to the City by an estimated $4,627.79 annually noted below, <br />for a period of not less than ten years. <br />HPPA No. <br />Address <br />Estimate <br />Exhibit No. <br />2025-09 <br />1412 N. Louise Street <br />$773.05 <br />1-2 <br />2025-07 <br />2402 N. Riverside Drive <br />$347.84 <br />3-4 <br />2025-08 <br />2556 N. Valencia Drive <br />$914.78 <br />5-6 <br />2025-10 <br />433 W. Santa Clara Avenue <br />$1,590.13 <br />7-8 <br />2025-06 <br />2520 N. Valencia Street <br />$1,000.99 <br />9-10 <br />Total for All Properties: <br />$4,627.79 <br />