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in the amount of $674.02. The reduction in the County's tax base associated with approval of <br />the exemption applications will result in a reduction of 2007 taxes due to the County, <br />municipalities, and special districts in the amount of 5,979.72. For fiscal year 2007/2008, the <br />total net reduction in revenues is $10,513.22. <br />RECOMMENDATION: The Manager recommends that the above listed applications for 2007 <br />exemption and the application for participation in the Present Use Value program for 2006 be <br />approved. <br />