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FINANCIAL IMPACT: The retluction in the County's [ax base associated with approval of <br />these exemption appllcetiona will result in a retluction of 2001 taxes tlue to the County, <br />municipaldies, antl special tlistricts in the ampun[of $3,335.28. <br />RECOMMENDATION: The Manager recommends that the eppllcetlone for 2007 exemption be <br />approved, as nWed in the Background section of this abstract. <br />