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<br />HPP Agreement No. 2006-07 <br />November 20, 2006 <br />Page 2 <br /> <br />FISCAL IMPACT <br /> <br />The Historic Property Preservation Agreement will reduce the property tax <br />revenue to the City by an estimated $88.43 to $442.16 annually, for a <br />period of not less than ten years. <br /> <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br /> <br /> <br />~~~.~ <br /> <br />ltJ'lYrancisco Gutierrez <br />(V Executive Director <br />Finance & Management Services Agency~ <br />- <br /> <br />Jay M. Trevino <br />Exe ve Director <br />Planning & Building Agency <br /> <br />HS:rb <br />hs\historic info\mills act agreements\902_S_Cypress\hppa06-07.cc <br /> <br />25F-2 <br /> <br />