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Historic Property Preservation Agreements <br />February 20, 2018 <br />Page 2 <br />DISCUSSION <br />This action allows for the approval <br />Contract) which provides a potential <br />reinvest the tax savings towards <br />Additionally, the agreement prevents <br />B1 -B5). <br />STRATEGIC PLAN ALIGNMENT <br />:)f a Historic Property Preservation Agreement (Mills Act <br />property tax reduction whereby property owners agree to <br />the maintenance of the historic property (Exhibit A). <br />inappropriate alterations to the historic structures (Exhibits <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 $4,239.16 annually noted below, for a period of not <br />less than ten years. <br />HPPA No. <br />Address <br />Estimate <br />Exhibit No. <br />2017-34 <br />2008 North Heliotrope Drive <br />$604.76 <br />B1 <br />2017-35 <br />2140 North Greenleaf Street <br />$889.35 <br />B2 <br />2017-37 <br />2009 North Baker Street <br />$1,126.13 <br />B3 <br />2017-65 <br />918 North Lacy Street <br />$840.84 <br />B4 <br />2017-66 <br />2140 North Flower Street <br />$778.08 <br />B5 <br />Total for All Properties: <br />$4,239.16 <br />( �u GGsCI��✓'� / <br />Candida Neal <br />Acting Executive Director <br />Planning & Building Agency <br />MM:rb <br />SAFCA102-20-181PBA Historic Prop Preservation Mills Act Agmt 2-20-18 <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez p� <br />Executive Director �7 <br />Finance & Management Services Agency <br />Exhibits: A. Mills Act Agreement Template <br />B1 -B5. Historic Resources Commission Staff Reports <br />251-2 <br />