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Historic Property Preservation Agreements <br />August 6, 2024 <br />Page 2 <br />ENVIRONMENTAL IMPACT <br />In accordance with the California Environmental Quality Act, the proposed projects are <br />exempt from further review. The following Categorical Exemptions will be filed for this <br />project: <br />• ER No. 2024-11 (516 W. 191" Street) <br />• ER No. 2024-17 (1205 S. Birch Street) <br />FISCAL IMPACT <br />The Historic Property Preservation Agreement will reduce the Property Tax revenue <br />account 01102002-50011 to the City by an estimated $1,902.52 annually noted below, <br />for a period of not less than ten years. <br />HPPA No. <br />Address <br />Estimate <br />Exhibit No. <br />2024-03 <br />1205 S. Birch Street <br />$1,097.57 <br />1-2 <br />2024-04 <br />516 W. 191" Street <br />$804.95 <br />3-4 <br />Total for All Properties: <br />$1,902.52 <br />EXHIBIT(S) <br />1. Mills Act Agreement — 1205 S. Birch Street <br />2. HRC Staff Report — 1205 S. Birch Street <br />3. Mills Act Agreement — 516 W. 191" Street <br />4. HRC Staff Report — 516 W. 19t" Street <br />Submitted By: Minh Thai, Executive Director of Planning and Building Agency <br />Approved By: Alvaro Nunez, Acting City Manager <br />City Council 16 — 2 8/6/2024 <br />