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HPPA No. 2014 -11 <br />October 2, 2014 <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 />First National Bank Building and categorized as Landmark in March of 2001 by the Historic <br />Resources Commission (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 community. <br />6. Offers additional support and attention for historic districts and historic structures in the City. <br />Strategic Plan Alignment <br />Approval of this item supports the City's efforts to meet Goal No. 5 Community Health, Livability, <br />Engagement & Sustainability, Objective No. 2 (expand opportunities for conservation and <br />environmental sustainability) and Objective No. 3 (facilitate diverse housing opportunities and <br />support efforts to preserve and improve the livability of Santa Ana neighborhoods). <br />CEQA Compliance <br />In accordance with the California Environmental Quality Act (CEQA), it has been determined that <br />the proposed project is not subject to CEQA. Therefore, no further act'on is required. <br />Hally Sob leske Vince Fregoso, ICP <br />Associate Planner Acting Planning manager <br />HS:jm <br />hslhistoricinfolmillsactagre ents1102_W_FourtMhppa14-11.hm <br />Exhibit: 1. 500' Radius Map <br />2. Department of Parks and Recreation Form <br />3. Mills Act Agreement <br />2501-4 <br />