<div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><B><U><SPAN style="FONT-SIZE: 16pt; FONT-FAMILY: Arial">Alert #107<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></SPAN></U></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt 27pt; mso-pagination: none; mso-layout-grid-align: none"><B><U><SPAN style="FONT-SIZE: 22pt; FONT-FAMILY: 'Copperplate Gothic Bold'; mso-bidi-font-family: Cornerstone"><o:p><SPAN style="TEXT-DECORATION: none"><FONT face="Times New Roman"></FONT></SPAN></o:p></SPAN></U></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><B><U><SPAN style="FONT-SIZE: 22pt; FONT-FAMILY: 'Copperplate Gothic Bold'; mso-bidi-font-family: Cornerstone"><FONT face="Times New Roman"></FONT></SPAN></U></B> </div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align:
none"><B><U><SPAN style="FONT-SIZE: 22pt; FONT-FAMILY: 'Copperplate Gothic Bold'; mso-bidi-font-family: Cornerstone"><FONT face="Times New Roman">Village League <o:p></o:p></FONT></SPAN></U></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt 0.5in; mso-pagination: none; mso-layout-grid-align: none"><FONT size=3><FONT face="Times New Roman"><SPAN style="mso-tab-count: 2"> </SPAN><SPAN style="mso-spacerun: yes"> </SPAN></FONT></FONT><I style="mso-bidi-font-style: normal"><SPAN style="FONT-SIZE: 14pt; FONT-FAMILY: Arial">Tax Revolt and Reform<o:p></o:p></SPAN></I></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt 0.5in; mso-pagination: none; mso-layout-grid-align: none"><I style="mso-bidi-font-style: normal"><SPAN style="FONT-SIZE: 14pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></I></div> <div
class=MsoNormal style="MARGIN: 0in 0in 0pt 0.5in; mso-pagination: none; mso-layout-grid-align: none"><I style="mso-bidi-font-style: normal"><SPAN style="FONT-SIZE: 14pt; FONT-FAMILY: Arial"><SPAN style="mso-tab-count: 8"> </SPAN><SPAN style="mso-tab-count: 1"> </SPAN></SPAN></I><?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:date Year="2006" Day="1" Month="8"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt;
FONT-FAMILY: Arial">August 1, 2006</SPAN></B></st1:date><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt 0.5in; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt 0.5in; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; mso-pagination: none; mso-layout-grid-align: none" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 16pt; COLOR: red; FONT-FAMILY: Arial">WHAT DOES THE TAX BILL MEAN?<o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt 0.5in;
TEXT-ALIGN: center; mso-pagination: none; mso-layout-grid-align: none" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 16pt; COLOR: red; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 16pt; COLOR: red; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">Many of you have called or emailed us with your concerns about the Tax Bills that you just recently received from the office of the </SPAN></B><st1:place><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">Washoe</SPAN></B></st1:PlaceName><B
style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"> Treasurer. </SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">Your confusion is understandable.<SPAN style="mso-spacerun: yes"> </SPAN><o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt;
FONT-FAMILY: Arial">The amount of taxes that the Bills indicate that are owed is HIGHER than last year, even though the League won a roll-back at the County Board of Equalization hearing on<SPAN style="mso-spacerun: yes"> </SPAN>March 8, 2006 for all 8700 parcels in Incline Village and Crystal Bay.<SPAN style="mso-spacerun: yes"> </SPAN><o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">The assessed values for all of the property owners in the IV/CB area were reduced (rolled-back) by the ruling of the </SPAN></B><st1:place><st1:PlaceType><B
style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">Board</SPAN></B></st1:PlaceName></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"> of Equalization to the 2002-2003 tax year.<SPAN style="mso-spacerun: yes"> </SPAN>The property tax amount as indicated on the tax bills that were must received <SPAN style="mso-spacerun: yes"> </SPAN>would be reduced by somewhere between 30% to 50%.<o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><SPAN style="mso-tab-count:
1"> </SPAN>This ruling was contingent on the hearing of the case now before the Supreme Court. <o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">The </SPAN></B><st1:place><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">Washoe</SPAN></B></st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt;
FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"> Assessor then appealed the </SPAN></B><st1:place><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">Board</SPAN></B></st1:PlaceName></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">’s decision to the State Board of Equalization.<SPAN style="mso-spacerun: yes"> </SPAN>The State Board hearings are now being scheduled by the Department of Taxation.<o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align:
none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">As yet, a date has not been determined for the State Board to address the appeal of the </SPAN></B><st1:place><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">Washoe</SPAN></B></st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"> Assessor for a consolidated hearing of the 8700
parcels.<o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -9pt; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt; TEXT-ALIGN: center; mso-pagination: none; mso-layout-grid-align: none" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt; TEXT-ALIGN: center; mso-pagination: none; mso-layout-grid-align: none" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 16pt; COLOR: red; FONT-FAMILY: Arial">WHEN WILL THE SUPREME COURT ISSUE AN ORDER?<o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt 9pt; TEXT-ALIGN: center; mso-pagination: none; mso-layout-grid-align:
none" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 16pt; COLOR: red; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 16pt; COLOR: red; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">At the close of the Supreme Court hearing on our case, June 15, 2006, Chief Justice, Robert Rose stated that a decision would be forthcoming in 60 to 90 days, which is much faster than their normal decision making process.<o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><B
style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; mso-pagination: none; mso-layout-grid-align: none"><st1:date Year="2006" Day="15" Month="8"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">August 15, 2006</SPAN></B></st1:date><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"> will start the 60 to 90 day window.<SPAN style="mso-spacerun: yes"> </SPAN>It has become apparent that several agencies were planning to wait until the Supreme Court ruling was issued before continuing with the normal scheduling of hearings etc. <o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY:
Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"> We are hopeful that the Order may be forthcoming within the next two weeks.<SPAN style="mso-spacerun: yes"> </SPAN>If, </SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">as we anticipate, the decision from the Supreme Court is in our favor, the </SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">County must then re-issue all of the Tax Bills that must be lowered.<SPAN style="mso-spacerun: yes"> </SPAN>Should </SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">you <U>not</U> receive a corrected Tax Bill by </SPAN></B><st1:date
Year="2006" Day="21" Month="8"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">August 21, 2006</SPAN></B></st1:date><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">, (when the first tax </SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">payment is due), remember to <U>PAY UNDER PROTEST</U> any taxes that are due. <o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -9pt; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -9pt; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div
class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -9pt; TEXT-ALIGN: center; mso-pagination: none; mso-layout-grid-align: none" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 16pt; COLOR: red; FONT-FAMILY: Arial">WHY SHOULD WE PAY UNDER PROTEST?<o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 16pt; COLOR: red; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 16pt; COLOR: red; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt;
FONT-FAMILY: Arial">Our feeling is that </SPAN></B><st1:place><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">Washoe</SPAN></B></st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"> is hoping that many of the 8700 IV/CB parcel Owners will forget to Pay Under Protest.<SPAN style="mso-spacerun: yes"> </SPAN>This would result in the County saving an enormous amount of money, as they could then refuse to acknowledge refunds that might be due to those who had neglected to include a Pay Under Protest note. <o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none;
mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">The “Pay Under Protest” form is available on our website at <A href="http://www.nevadapropertytaxrevolt.org/">www.nevadapropertytaxrevolt.org</A><SPAN style="mso-spacerun: yes"> </SPAN>- click on Forms in the Menu, download and send with your payment or send whenever a third party makes a tax payment for your account. <o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -9pt; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div
class=MsoNormal style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -9pt; mso-pagination: none; mso-layout-grid-align: none"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 16pt; COLOR: red; FONT-FAMILY: Arial">WATCH FOR FUTURE ALERTS<o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 16pt; COLOR: red; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">A lot of things are happening, and they all affect you.<SPAN style="mso-spacerun: yes"> </SPAN>We will try to keep everyone informed as events unfold.
<SPAN style="mso-spacerun: yes"> </SPAN>Many will be highly significant, so stay tuned.<o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">We are feeling confident about where things stand at the moment; but, as always, keep your fingers crossed.<SPAN style="mso-spacerun: yes"> </SPAN>It is never easy! <o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY:
Arial"><o:p> </o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">Sincerely,<o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><SPAN style="mso-spacerun: yes"> </SPAN></SPAN></B><U><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Arial Rounded MT Bold'; mso-bidi-font-family: Cornerstone"><o:p></o:p></SPAN></U></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt"><U><SPAN style="FONT-SIZE: 16pt; FONT-FAMILY: 'Amazone BT'; mso-bidi-font-family: Cornerstone">Maryanne</SPAN></U><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 16pt; FONT-FAMILY: 'Amazone BT'; mso-bidi-font-family: Arial"><o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE:
11pt; FONT-FAMILY: Arial"><SPAN style="mso-spacerun: yes"> </SPAN>Maryanne Ingemanson, President<o:p></o:p></SPAN></B></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT face="Times New Roman" size=3> </FONT></o:p></div> <div class=MsoNormal style="MARGIN: 0in 9pt 0pt 27pt; mso-pagination: none; mso-layout-grid-align: none"><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">Village League to Save Incline Assets Board Members</SPAN></B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">:</SPAN><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Rounded MT Bold'; mso-bidi-font-family: Cornerstone"><o:p></o:p></SPAN></div> <div class=MsoNormal style="MARGIN: 0in 9pt 0pt 27pt"><st1:PersonName><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">Maryanne Ingemanson</SPAN></B></st1:PersonName><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">,
President, <B>Ted Harris</B>, Tax Revolt Committee Chairman,<o:p></o:p></SPAN></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt 27pt"><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">Les Barta</SPAN></B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">, Law Research, </SPAN><st1:PersonName><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">John Carney</SPAN></B></st1:PersonName><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">, Analyst, </SPAN><st1:PersonName><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">Wayne Fischer</SPAN></B></st1:PersonName><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">, Webmaster,<o:p></o:p></SPAN></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt 27pt"><st1:PersonName><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">Todd
Lowe</SPAN></B></st1:PersonName><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">, Financial Analyst, </SPAN><st1:PersonName><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">Dale Akers</SPAN></B></st1:PersonName><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">, Historian, and </SPAN><st1:PersonName><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">Chuck Otto</SPAN></B></st1:PersonName><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">, Public Relations<o:p></o:p></SPAN></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt"><o:p> </o:p></SPAN></div> <div class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt"><o:p> </o:p></SPAN></div> <div class=MsoNormal style="MARGIN: 0in
-0.25in 0pt 0in; TEXT-INDENT: -9pt; TEXT-ALIGN: center; mso-prop-change: 'Vicki Marotti' 20051222T2121" align=center><FONT face="Times New Roman"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: 'Arial Rounded MT Bold'; mso-bidi-font-family: Cornerstone">Village League to Save Incline Assets, Inc. – an approved non-profit organization – FEIN 88-0399029</SPAN></B><SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: 'Arial Rounded MT Bold'; mso-bidi-font-family: Cornerstone"><o:p></o:p></SPAN></FONT></div> <div class=MsoNormal style="MARGIN: 0in -0.25in 0pt 0in; TEXT-INDENT: -9pt; TEXT-ALIGN: center; mso-pagination: none; mso-layout-grid-align: none" align=center><FONT face="Times New Roman"><st1:Street><st1:address><SPAN style="FONT-SIZE: 10pt; mso-bidi-font-size: 9.0pt">1165 Vivian Lane</SPAN></st1:address></st1:Street><SPAN style="FONT-SIZE: 10pt; mso-bidi-font-size: 9.0pt"> - </SPAN><st1:place><st1:City><SPAN style="FONT-SIZE: 10pt;
mso-bidi-font-size: 9.0pt">Incline Village</SPAN></st1:City><SPAN style="FONT-SIZE: 10pt; mso-bidi-font-size: 9.0pt">, </SPAN><st1:State><SPAN style="FONT-SIZE: 10pt; mso-bidi-font-size: 9.0pt">Nevada</SPAN></st1:State><SPAN style="FONT-SIZE: 10pt; mso-bidi-font-size: 9.0pt"><SPAN style="mso-spacerun: yes"> </SPAN></SPAN><st1:PostalCode><SPAN style="FONT-SIZE: 10pt; mso-bidi-font-size: 9.0pt">89451</SPAN></st1:PostalCode></st1:place><SPAN style="FONT-SIZE: 10pt; mso-bidi-font-size: 9.0pt"> - telephone - 775-831-4011 - fax - 775 – 831-0325</SPAN><SPAN style="FONT-SIZE: 8pt; FONT-FAMILY: 'Arial Rounded MT Bold'; mso-bidi-font-family: Cornerstone"><o:p></o:p></SPAN></FONT></div> <div class=MsoNormal style="MARGIN: 0in -0.25in 0pt 0in; TEXT-INDENT: -9pt; TEXT-ALIGN: center; mso-pagination: none; mso-layout-grid-align: none" align=center><SPAN style="FONT-SIZE: 10pt; mso-bidi-font-size: 9.0pt"><FONT face="Times New Roman">E-mail - </FONT><A
href="mailto:mingemanson@charter.net"><FONT face="Times New Roman">mingemanson@charter.net</FONT></A><o:p></o:p></SPAN></div><p>
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