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� <br /> 6.1 B <br /> Pa e 3 <br /> collects approximately 20% of the 1% property valuation tax. For example, assumi�g a <br /> 40% tax break, the estimated annual loss of revenue to the City for a property valued at , <br /> $750,000 would be approximately $560. The potential impact is therefore negligible ' <br /> relative to the overall fiscal revenue of the City. From another perspective, the '�, <br /> implementation of every Mills Act program generally benefits the property values of the <br /> neighborhood in which the properties are located by insuring that the physical exterior of <br /> the property is upgraded and/or maintained according to clear preservation standards. <br /> � <br /> Charles Jany, A kas, AI P <br /> Principal Plann r rector of Planning, Housing, <br /> & Economic Development , <br /> �---�'fS� �it�c� <br /> Robert B. Bell <br /> Interim City Manager <br /> ATTACHMENTS <br /> 1. Map of Mezesville/Centennial Historic District <br /> 2. Planning Commission Staff report of November 2, 2010 <br /> 3. Proposed Mills Act contracts <br /> a. 1028 Warren Street <br /> b. 734 Brewster Avenue <br /> c. 734 Brewster Avenue (Unexecuted Proposed 2007 Mills Act Contract) <br />