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Historic Property Preservation Agreements <br />November 7, 2017 <br />Page 2 <br />DISCUSSION <br />This action allows for the approval of a Historic Property Preservation Agreement (Mills Act <br />Contract) which provides a potential property tax reduction allowing the property owner to <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 B1-8). <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 $4,640.57 annually noted below, for a period of not <br />less than ten years. <br />HPPA No. <br />Address <br />Estimate <br />Exhibit No. <br />2017-14 <br />818-820 North Minter Street <br />$418.61 <br />B1 <br />2017-22 <br />515 West Nineteenth Street <br />$825.83 <br />B2 <br />2017-23 <br />2544 North French Street <br />$466.33 <br />B3 <br />2017-25 <br />903 East Stafford Street <br />$460.16 <br />B4 <br />2017-26 <br />1121 South Hickory Street <br />$525.53 <br />B5 <br />2017-27 <br />2031 North Ross Street <br />$796.95 <br />B6 <br />2017-28 <br />2424 North Riverside Drive <br />$349.78 <br />B7 <br />2017-29 <br />2401 North Flower Street <br />$797.38 <br />B8 <br />Total for All Properties: <br />$4,640.57 <br />Candida Neal <br />Acting Executive Director <br />Planning & Building Agency <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />MM:rb &RFCAM-07-17 Its Act Agmts 11-07-17 <br />Exhibits: A. Mills Act Agreement Template <br />B1 -B8. Historic Resources Commission Staff Reports <br />25A-2 <br />