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2 <br /> FINANCIAL IMPACT: The reduction in the County's tax base associated with approval of the <br /> exemption application will result in a reduction of FY 2016/2017 taxes due to the County, <br /> municipalities, and special districts in the amount of$701.10. <br /> SOCIAL JUSTICE IMPACT: There is no Orange County Social Justice Goal impact associated <br /> with this item. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the attached <br /> resolution for the above-listed application for FY 2016/2017 exemption. <br />