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FINANCIAL MANAGEMENT DEPARTM NT <br /> #2006-50 <br /> November 28, 2006 <br /> MEMO TO: Honorable Mayor and City Council <br /> FROM: Steve Garm City Manager <br /> Ron Neufeld, inancial Management Director <br /> SUBJECT: 2006 Property Tax Levy Ordinances for Budget ear 007-2008 <br /> Attached are the six ordinances for the 2006 real estate tax levy. Once passed by the <br /> Council they will be submitted to the Macon County Clerk so he c extend the city's 2006 tax <br /> levy. <br /> 1. Ordinance establishing the 2006 corporate property tax levy. <br /> 2. Ordinance fully abating the 1991 General Obligation onds with water revenue. <br /> 3. Ordinance fully abating the 2005 General Obligation efunding bonds with water <br /> revenue. <br /> 4. Ordinance fully abating the 2004B General Obligation Refunding Bonds with <br /> water revenue. <br /> 5. Ordinance partially abating the 2004A General Ob igation Bonds with funds <br /> received from developer. <br />' 6. Ordinance directing the County Clerk to further bate the 2004A General <br />, Obligation Bonds, to produce a final tax rate of$1.24. <br />'� I <br />