Using "Place Note" to identify the Concrete Element and Elevation

After placing an element into the model, I can double click it to lunch the below screen and change the name of the element under the partlist data. (See below for the F-1 footer)

In the simple example below, I have positioned two F-1 footers with columns but one is at elevation 0'-0" and the other is at -2'-0".

I need to label the footer and elevation when generating the 2D drawing from the model.  My thoughts are that I would use the "Place Note" or "Place Label" tool and create the note/label using the "Text Favorite Manager" tool.

Can someone kindly put an example together of how to label the footer with the name shown in the Partlist Data and the "Z" coordinates?  I get this questions all the time about how to accomplish this, but do not have a good answer for the users.  If trying to use the Place Note or Label is not the best tool for doing this, please provide an example using the proper tool.

Thanks and look forward to hearing back from the group.

Travis Shelton