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', <br /> FINANCIAL MANAGEMENT DEPARTMENT '� <br /> #2004-38 <br />' November 30, 2004 <br /> MEMO TO: Honorable Mayor and City Council <br /> FROM: Steve G City Manager ; <br /> Ron Neuf , inance Director <br /> SUBJECT: 2004 Property Tax Levy Ordinances for Budget Year 2005-2006 <br /> Attached are the five ordinances for the 2004 real estate tax levy. Once passed by the <br /> Council they will be submitted to the Macon County Clerk so he can extend the city's 2004 tax <br /> levy. <br /> 1. Ordinance establishing the 2004 corporate property tax levy. <br /> 2. Ordinance partially abating the 1991 General Obligation Bonds with water <br /> revenue. <br /> 3. Ordinance fully abating the 1995 General Obligation Refunding bonds with Debt <br /> Service Fund beginning fund carryover. <br /> 4. Ordinance fully abating the 2004B General Obligation Refunding Bonds with <br /> water revenue. <br /> 5. Ordinance directing the County Clerk to further abate the 1991 General <br /> Obligation Bonds, to produce a final tax rate of$1.27. <br />