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FINANCIAL MANAGEMENT DEPARTMENT <br /> #2009-70 <br /> December 3, 2009 <br /> MEMO TO: Honorable Mayor Michael T. McElroy # City Council <br /> FROM: Ryan P. McCrady, City Manager / <br /> Ron Neufeld, Financial Management Director <br /> SUBJECT: 2009 Property Tax Levy Ordinances for Budget ear 2009-2010 <br /> Attached are the six ordinances for the 2009 real estate tax levy. These are based on the <br /> desire of the City Council to set the levy at $11,275,000. Once passed by the Council they will <br /> be submitted to the Macon County Clerk so he can extend the city's 2009 tax levy. <br /> 1. Ordinance establishing the 2009 corporate property tax levy. <br /> 2. Ordinance fully abating the 1991 General Obligation Bonds with water revenue. <br /> 3. Ordinance fully abating the 2004B General Obligation Refunding Bonds with <br /> water revenue. <br /> 4. Ordinance fully abating the 2005 General Obligation Refunding Bonds with water <br /> revenue. <br /> 5. Ordinance fully abating the 2007 General Obligation Notes with funds from the <br /> sale of the hotel. <br /> 6. Ordinance fully abating the 2008 General Obligation Bonds with revenue from <br /> the Water Fund and the Olde Towne TIF Fund. <br />