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HRCA No,'2017-30, HRC'N, ,2017=29 <br />HPPA, No. 2617.34 <br />,tannery S,,2014 <br />Page 2 <br />the ganta stria <br />of too ?anta Ane' <br />ort record forthis <br />Ordinance No, NGI2 R2 authorized the Historic Resourcos Commilsslon to egeouts Historic <br />Property Preservation, Agreements (HPPA), commonly, knOwn as Jill &t a4reements fpr <br />eligibtd properties (Exhibit` ) To be elicdible for the Mills Act, the Ortaperty must be listed on the: <br />Santa Ane Register of Historical Properties. The Hlsto lc Resources orrtmisslon AppllcatIbn <br />and Historic Register Categorization actiarrs proposed Farr this site authorize the listing of the <br />property ort the looat register The afire rnent prnydes monetary incentive to the property owner <br />in the Form of a property tax reduction in exoharilge for this oWner°s voluntary commitment to <br />maintain the property in a gond state of moalr ae necessaiy to maintain its character and <br />appearance; +;ince, recorded, the agreement generates a different valuation method in <br />detami'rlinrg the property's assessed value, resulting in tax savings for the owner; Aside Pram, the <br />taxa savings, the benefits include- <br />w Long tam preservation of the property and visual improvement to the neighborhood <br />• AlloWs for =a mohanisM to provide for property rehabilitation <br />'Pro des additional incentive for potential buyers to purchase hiatarlo structures <br />'Dlscourages inappropriate alteratiors tc the property <br />251-16 <br />