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Historic Property Preservation Agreements <br />August 15, 2017 <br />Page 2 <br />reinvest the tax savings into the maintenance of the historic property (Exhibit A). Additionally, the <br />agreement prevents inappropriate alterations to the historic structures (Exhibits B1 -B5). <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #5 - Community Health, Livability, <br />Engagement & Sustainability, Objective #2 (expand opportunities for conservation and <br />environmental sustainability) and Objective #3 (facilitate diverse housing opportunities and <br />support efforts to preserve and improve the livability of Santa Ana neighborhoods). <br />FISCAL IMPACT <br />The Historic Property Preservation Agreement will reduce the Property Tax revenue account <br />01102002-50011 to the City by an estimated $598.06 to $3,007.24 annually noted below, for a <br />period of less than ten years. <br />HPPA No. <br />Address <br />Low Estimate <br />High Estimate <br />Exhibit No. <br />2017-03 <br />2203 North Ross Street <br />$176.39 <br />$881.95 <br />B1 <br />2017-04 <br />2467 North Riverside Drive <br />$56.40 <br />$298.94 <br />B2 <br />2017-05 <br />930 West River Lane <br />$121.82 <br />$609.10 <br />B3 <br />2017-09 <br />1710 North Heliotrope Drive <br />$95.44 <br />$477.20 <br />B4 <br />2017-10 <br />2529 North Valencia Street <br />$148.01 <br />$740.05 <br />B5 <br />Total for All Properties: <br />$598.06 <br />$3,007.24 <br />61 nd <br />andida eal <br />Acting Executive Director <br />Planning & Building Agency <br />IO:rb <br />S:RFCA\08-15-171Mills Act Agmts 08-15-17 <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />�1Mi�irr A� �a� <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />Exhibits: A. Mills Act Agreement Template <br />B1 -B5. Historic Resources Commission Staff Reports <br />25A-3 <br />