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Approval of Historic Property Preservation Agreement <br />January 20, 2026 <br />Page 2 <br />ENVIRONMENTAL IMPACT <br />In accordance with the California Environmental Quality Act, the proposed project is <br />exempt from further review. Categorical Exemption, Environmental Review No. 2025-95, <br />will be filed for this project. <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 $1,149.23 annually, as noted below, <br />for a period of not less than ten years. <br />HPPA No. <br />Address <br />Estimate <br />Exhibit No. <br />2025-11 <br />1218 N. French Street <br />$1,149.23 <br />1-2 <br />Total: <br />$1,149.23 <br />EXHIBITS <br />1. Mills Act Agreement — 1218 N. French Street <br />2. HRC Staff Report — 1218 N. French Street <br />Submitted By: Ali Pezeshkpour, AICP, Executive Director, Planning and Building <br />Agency <br />Approved By: Alvaro Nunez, City Manager <br />