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Historic Property Preservation Agreement <br />December 5, 2017 <br />Page 2 <br />historic property (Exhibit A). Additionally, the agreement prevents inappropriate alterations to the <br />historic structures. <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 $845.46 annually, for a period of not less than ten <br />years. <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Candida Neal Francisco Gutierrez <br />Acting Executive Director Executive Director <br />Planning & Building Agency Finance & Management Services Agency <br />MM:rb <br />S:RFCAl12-05-17W1IS Act Agmt 12-05-17 <br />Exhibit: A. Historic Resources Commission Staff Report <br />25G-2 <br />