12. MILLS ACT PROGRAM - HISTORIC PROPERTY PRESERVATION AGREEMENT FOR 200 SOUTH B STREET The Mills Act is State legislation that provides for reduced property taxes on a historic property if the property owner agrees to maintain and preserve the property for a minimum of ten (10) years. On June 16, 1997, the adoption of City Council Resolution No. 97-50 authorized the implementation of a Mills Act program and established a policy specifying which properties would be eligible for the program. Attachment A of this report includes a draft Historic Property Preservation Agreement (Agreement) for the property located at 200 South B Street Owner: Joseph Heredia Location: 200 South B Street (Assessor's Parcel Number: 401-562-01) - City of Tustin, CA

Meeting: Regular Meeting of the City Council/ Closed Session at 5:00 pm/Regular Meeting at 6:30 pm

Meeting Time: December 07, 2021 at 5:00pm PST

Agenda Item

12. MILLS ACT PROGRAM - HISTORIC PROPERTY PRESERVATION AGREEMENT FOR 200 SOUTH B STREET The Mills Act is State legislation that provides for reduced property taxes on a historic property if the property owner agrees to maintain and preserve the property for a minimum of ten (10) years. On June 16, 1997, the adoption of City Council Resolution No. 97-50 authorized the implementation of a Mills Act program and established a policy specifying which properties would be eligible for the program. Attachment A of this report includes a draft Historic Property Preservation Agreement (Agreement) for the property located at 200 South B Street Owner: Joseph Heredia Location: 200 South B Street (Assessor's Parcel Number: 401-562-01)