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FINANCIAL MANAGEMENT DEPARTMENT <br /> #2008-107 <br /> December 3, 2008 <br /> MEMO TO: Honorable Mayor Michael T. Carrigan and City CounCil <br /> FROM: Ryan P. McCrady, City Manager N"' " <br /> Ron Neufeld, Financial Management Director <br /> SUBJECT: 2008 Property Tax Levy Ordinances for Budget Year 2009-2010 (REVISED) <br /> Attached are the six ordinances for the 2008 real estate tax levy. These are based on the <br /> desire of the City Council to set the levy at $11,550,000. Once passed by the Council they will <br /> be submitted to the Macon County Clerk so he can extend the city's 2408 tax levy. <br /> 1. Ordinance establishing the 2008 corporate property tax levy. <br /> 2. Ordinance fullv abating the 1991 General Obligation Bnnds with water revenue. <br /> 3. Ordinance fullv abating the 2004B General Obligation Refunding Bonds with <br /> water revenue. <br /> 4. Ordinance fu11v abating the 2005 General Obligation Refunding Bonds with water <br /> revenue. <br /> 5. Ordinance fullv abating the 2007 General Obligation Notes with funds from the <br /> sale of the hotel. <br /> 6. Ordinance partiallX abating the 2004A General Oblig'ation Bonds with revenue <br /> from the capital fund. <br />