REPORT OF NORTH FULTON COMMUNITY IMPROVEMENT DISTRICT OF PROPOSED MILLAGE RATE

The North Fulton CID Board of Directors will vote July 25 to keep its ad valorem taxation rate of 3 mills, and will set its millage rate for the lawful purposes of the District for the current calendar year.  The vote will be held at the Greater North Fulton Chamber of Commerce, 11605 Haynes Bridge Road, Suite 100, in Alpharetta, at 8:30 a.m. There will be no July board meeting.

In compliance with O.C.G.A. §48-5, the North Fulton Community Improvement District reports that at its meeting on July 25, 2011, beginning at 8:30 A.M. at the Greater North Fulton Chamber of Commerce, 11605 Haynes Bridge Road, Suite 100, Alpharetta, Fulton County, Georgia, the North Fulton CID Board of Directors will vote upon a proposal to levy an ad valorem taxation rate of 3 mills, and will set its millage rate for the lawful purposes of the District for the current calendar year.  Set forth below are the assessed taxable values of the properties subject to taxes for the current year and immediately preceding five calendar years, the total dollar amount of ad valorem taxes proposed to be levied for the current year and levied in the immediately preceding five calendar years, as well as the percentage and total dollar increases with respect to the immediately preceding calendar year.  All property levied upon is real property.  The millage rate each year has been 3 mills.

Assessed Value           Taxes Levied               % Increase                   $ Increase

2006                $510,038,470              $1,530,114                          10%                         $   133,991

2007                    $704,216,217              $2,112,649                      38%                         $   582,535

2008                $861,117,662              $2,583,353                          22%                         $   470,704

2009                   $961,365,034             $2,884,095                         12%                        $   300,742

2010                   $897,297,746              $2,691,893                        - 7%                     - $   192,202

2011proposed       $887,007,421              $2,661,022                       - 1%                     - $     30,871

                                                                        J. Lynn Rainey, PC

                                                                        State Bar No. 592350

                                                                        358 Roswell Street, Suite 1130

                                                                        Marietta, GA 30060

                                                                        (770) 421-6040

                                                                        Attorney for CID