<DIV class=MsoNormal style="MARGIN: 0in 0in 0pt; mso-pagination: none; mso-layout-grid-align: none"><B><SPAN style="FONT-FAMILY: Arial"><FONT size=3>Alert # 135<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></FONT></SPAN></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"><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; 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"><SPAN style="FONT-SIZE: 14pt"><o:p><FONT face="Times New Roman"> </FONT></o:p></SPAN></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 0in 0pt"><o:p><FONT face="Times New Roman" size=3> </FONT></o:p></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><SPAN style="mso-tab-count: 9">
</SPAN></SPAN></B><?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:date Year="2007" Day="13" Month="6"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">June 13, 2007</SPAN></B></st1:date><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p></o:p></SPAN></B></FONT></DIV> <DIV class=MsoNormal style="MARGIN: 0in
0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></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: 20pt; COLOR: red; FONT-FAMILY: Arial">QUESTIONS ANYONE?<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: 20pt; COLOR: red; 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-FAMILY: Arial"><FONT size=3><SPAN style="mso-spacerun: yes"> </SPAN>You
bet!<SPAN style="mso-spacerun: yes"> </SPAN>There are lots of questions and none of the government officials seem keen about answering them.<SPAN style="mso-spacerun: yes"> </SPAN>So, we will tell you what we know and also what we just perceive to be happening.<o:p></o:p></FONT></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><SPAN style="mso-spacerun: yes"> </SPAN>The latest move by the </SPAN></B><st1:place><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Washoe</SPAN></B></st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceType><B
style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> Assessor was to propose a “settlement agreement” to the State Board of Equalization on </SPAN></B><st1:date Year="2007" Day="17" Month="5"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">May 17, 2007</SPAN></B></st1:date><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">. It had been preceded the day before by a “settlement discussion” meeting to which we had been invited by </SPAN></B><st1:place><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Washoe</SPAN></B></st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType></st1:place><B
style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">. <SPAN style="mso-spacerun: yes"> </SPAN>Deputy District Attorney Terrence Shea, Washoe County Treasurer </SPAN></B><st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Bill</SPAN></B></st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> Berrum, his assistant Lisa Mitchell, Assessor Josh Wilson, Attorneys </SPAN></B><st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Suellen Fulstone</SPAN></B></st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> and </SPAN></B><st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Norman Azevedo</SPAN></B></st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">; and </SPAN></B><st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN
style="FONT-FAMILY: Arial">Todd Lowe</SPAN></B></st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> and </SPAN></B><st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Maryanne </SPAN></B><st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Ingemanson</SPAN></B></st1:PersonName></st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">, who were representing the Village League were in attendance at the hearing. Noticeably absent were </SPAN></B><st1:place><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Manager</SPAN></B></st1:PlaceName></st1:place><B style="mso-bidi-font-weight: normal"><SPAN
style="FONT-FAMILY: Arial"> Katy Singlaub or any of the </SPAN></B><st1:place><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Commissioners</SPAN></B></st1:PlaceName></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">.<o:p></o:p></SPAN></B></FONT></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><FONT size=3><SPAN style="mso-spacerun: yes"> </SPAN>The “settlement discussion” had been represented to us prior to
the meeting as an effort to come to a “global” resolution of the entire property tax situation.<SPAN style="mso-spacerun: yes"> </SPAN>However, the first words that we heard from Attorney Shea, representing the County, was that the only discussion item was to be the roll-back and refunds for just the 300+ appellants’ victories that were won by the Village League before the County Board of Equalization in March 2006; however, nothing was to be discussed about the 9000 properties for whom the Village League had, also in 2006, won the same victory; or any of the other pending legal actions. <o:p></o:p></FONT></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><SPAN style="mso-spacerun:
yes"> </SPAN>When questioned by </SPAN></B><st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Todd Lowe</SPAN></B></st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> as to why we were not going to be discussing a “global” settlement, as had been the original intent, </SPAN></B><st1:place><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Attorney</SPAN></B></st1:PlaceName></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> Shea said that he didn’t have the authority to do that.<SPAN style="mso-spacerun: yes"> </SPAN></SPAN></B><st1:PersonName><B style="mso-bidi-font-weight:
normal"><SPAN style="FONT-FAMILY: Arial">Maryanne </SPAN></B><st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Ingemanson</SPAN></B></st1:PersonName></st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> then asked him who <U>did </U>have the authority and he answered <U>that he didn’t know!!</U><o:p></o:p></SPAN></B></FONT></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></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: 20pt; COLOR: red; 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: 20pt; COLOR: red; FONT-FAMILY:
Arial">STATE BOARD OF EQUALIZATION HEARING<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: 20pt; COLOR: red; 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-FAMILY: Arial"><o:p><FONT size=3> </FONT></o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><FONT size=3><SPAN style="mso-tab-count: 1"> </SPAN>At the State Board of Equalization hearing the next day, it immediately became apparent that the members of the Board had been thoroughly briefed as to what the County intended for them to do, which was try to force us to accept the County’s proposal.<SPAN style="mso-spacerun:
yes"> </SPAN>Attorney Fulstone stated that she would have to get direction from each of her clients as to what they individually desired, and could not agree to anything until that was accomplished.<SPAN style="mso-spacerun: yes"> </SPAN>Attorneys Hall and Azevedo accepted the “settlement” for their respective clients, and have sent letters to those folks which imply that the lawsuits are over.<SPAN style="mso-spacerun: yes"> </SPAN>Unfortunately, that is far from the actuality <o:p></o:p></FONT></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><FONT size=3><SPAN style="mso-tab-count: 1"> </SPAN>The “settlement proposal” that
was presented was a roll-back for just the 2006 tax values, for only the 300+ appellants, to the 2002 tax year; however, that amount would then be increased by 8% in 2005 and then that amount would then be increased by another 2% for 2006. (The fact that the 3% “tax cap” would have reduced the 2005 year to 3% instead of 8% was not given any consideration.)<SPAN style="mso-spacerun: yes"> </SPAN>The final number, of course, would be <U>less </U>than what the Village League won for every property in Incline Village and Crystal Bay before the County Board of Equalization in March 2006.<o:p></o:p></FONT></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><SPAN style="mso-tab-count:
1"> </SPAN>When the members of the Village League Board and our Attorney were analyzing the actual results of all of these machinations later, we found numerous discrepancies in the figures that were presented by the </SPAN></B><st1:place><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Assessor</SPAN></B></st1:PlaceName></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> and the </SPAN></B><st1:place><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceName><B
style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Treasurer</SPAN></B></st1:PlaceName></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">.<SPAN style="mso-spacerun: yes"> </SPAN>Attorney Fulstone requested, in writing, some clarification from the </SPAN></B><st1:place><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Attorney</SPAN></B></st1:PlaceName></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">, which was not forthcoming. On behalf of the League I requested some clarification from the </SPAN></B><st1:place><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType><B
style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Treasurer</SPAN></B></st1:PlaceName></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> and the </SPAN></B><st1:place><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Assessor</SPAN></B></st1:PlaceName></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> as well.<SPAN style="mso-spacerun: yes"> </SPAN><o:p></o:p></SPAN></B></FONT></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT
size=3> </FONT></o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><SPAN style="mso-tab-count: 1"> </SPAN>Following is the letter that I received in return:<SPAN style="mso-spacerun: yes"> </SPAN></SPAN></B><o:p></o:p></FONT></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="mso-spacerun: yes"><FONT face="Times New Roman" size=3> </FONT></SPAN></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial">2006-2007 SBOE SETTLEMENT PROPOSAL</SPAN></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"> </DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial">Dear Ms. </SPAN><st1:PersonName><SPAN style="FONT-SIZE: 11pt; COLOR: blue;
FONT-FAMILY: Arial">Ingemanson</SPAN></st1:PersonName><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial">; </SPAN><SPAN style="FONT-SIZE: 11pt"><o:p></o:p></SPAN></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt"><FONT face="Times New Roman"> <o:p></o:p></FONT></SPAN></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial">In reply to your e-mail request of </SPAN><st1:date Year="2007" Day="8" Month="6"><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial">June 8, 2007</SPAN></st1:date><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial">...</SPAN><SPAN style="FONT-SIZE: 11pt"><o:p></o:p></SPAN></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial">The figures released at the mediation meeting held a few weeks ago in the Assessor's Conference Room, were estimates based
upon certain assumptions of value for the purpose of arriving at a mutually agreeable</SPAN><SPAN style="FONT-SIZE: 11pt"><FONT face="Times New Roman"> </FONT></SPAN><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial">solution for the SBOE to consider...and as the SBOE's scope of authority is limited to determining property</SPAN><SPAN style="FONT-SIZE: 11pt"><FONT face="Times New Roman"> </FONT></SPAN><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial">value...any additional refund and interest calculations at this time would be premature. The next set of</SPAN><SPAN style="FONT-SIZE: 11pt"><FONT face="Times New Roman"> </FONT></SPAN><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial">calculations from this office will be compliant with the final resolution of this specific issue in front of the</SPAN><SPAN style="FONT-SIZE: 11pt"><FONT face="Times New Roman"> </FONT></SPAN><SPAN style="FONT-SIZE: 11pt; COLOR:
blue; FONT-FAMILY: Arial">SBOE. </SPAN><SPAN style="FONT-SIZE: 11pt"><o:p></o:p></SPAN></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt"><FONT face="Times New Roman"> <o:p></o:p></FONT></SPAN></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 11pt; COLOR: blue; FONT-FAMILY: Arial"> Respectfully,</SPAN><SPAN style="FONT-SIZE: 11pt"><o:p></o:p></SPAN></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"> </DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><st1:PersonName><SPAN style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial">Bill</SPAN></st1:PersonName><SPAN style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial"> Berrum, </SPAN><st1:place><st1:PlaceName><SPAN style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial">Washoe</SPAN></st1:PlaceName><SPAN style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial"> </SPAN><st1:PlaceType><SPAN style="FONT-SIZE: 10pt; COLOR: blue;
FONT-FAMILY: Arial">County</SPAN></st1:PlaceType></st1:place><SPAN style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial"> Treasurer<o:p></o:p></SPAN></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 0in 0pt"><SPAN style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial"><SPAN style="mso-spacerun: yes"> </SPAN><SPAN style="mso-tab-count: 1"> </SPAN></SPAN><FONT size=3><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">As is apparent, the “settlement” in our opinion, is a moving target and is designed to prolong any real finality to the Tax Revolt.<SPAN style="mso-spacerun: yes"> </SPAN>Attorney Shea had also</SPAN></B><SPAN style="FONT-FAMILY: Arial"> <B style="mso-bidi-font-weight: normal">telephoned our Attorney, </B></SPAN><st1:PersonName><B
style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Suellen Fulstone</SPAN></B></st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> prior to the State Board hearing to say that any settlement proposal would have to be confirmed by the </SPAN></B><st1:place><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">County</SPAN></B></st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Commissioners</SPAN></B></st1:PlaceName></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">, which further affirmed our concerns.</SPAN></B><SPAN style="FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial"><o:p></o:p></SPAN></FONT></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN
style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><FONT size=3><SPAN style="mso-tab-count: 1"> </SPAN>The good news is that we feel that the County is only making</FONT></SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial; mso-bidi-font-size: 12.0pt"> </SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><FONT size=3>settlement noises because they feel that they are close to finally LOSING this incredibly long and difficult fight.<o:p></o:p></FONT></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in
0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></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: 20pt; COLOR: red; FONT-FAMILY: Arial">LEGAL SITUATIONS<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: 20pt; COLOR: red; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><SPAN style="mso-tab-count: 1"> </SPAN>Our 2004-2005 cases that were appealed by the </SPAN></B><st1:place><st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY:
Arial">County</SPAN></B></st1:PlaceType><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> </SPAN></B><st1:PlaceName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Assessor</SPAN></B></st1:PlaceName></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> are now before the </SPAN></B><st1:State><st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Nevada</SPAN></B></st1:place></st1:State><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"> Supreme Court and will have been fully briefed and ready for a ruling by the end of the month; and the decision that will be made by the Supreme Court on our Writ of Mandamus should be forthcoming in the very near future.<SPAN style="mso-spacerun: yes"> </SPAN><U>PLEASE</U> keep us in your thoughts for a favorable ruling on that one.<SPAN style="mso-spacerun: yes"> </SPAN>It is a hugely important
piece to this ever more convoluted tax situation.<o:p></o:p></SPAN></B></FONT></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><FONT size=3><SPAN style="mso-tab-count: 1"> </SPAN>We have sent letters to the 300+ taxpayers who were the subject of all of this maneuvering, requesting that <U>when </U>they do get their refunds and interest, they consider donating 10% to the Village League, (which is tax deductible), so that we can continue to monitor the activities of the Washoe County Assessor, the County Commissioners, the Washoe County Treasurer and any other elected officials to protect the lower tax values that we have won.<SPAN style="mso-spacerun:
yes"> </SPAN><o:p></o:p></FONT></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><FONT size=3><SPAN style="mso-tab-count: 1"> </SPAN>Hopefully, all of you will pledge to join us in this effort so that the Village League will remain a force that has to be recognized.<SPAN style="mso-spacerun: yes"> </SPAN>There are approximately 18,000 voters in our little “hamlet”!<SPAN style="mso-spacerun: yes"> </SPAN>We want to make sure that the full power of their vote is realized by any officials running for elected offices. <o:p></o:p></FONT></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B
style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><FONT size=3><SPAN style="mso-tab-count: 1"> </SPAN>A Form is attached for your convenience to help us determine our budget and plan for the future.<SPAN style="mso-spacerun: yes"> </SPAN>Thank you for taking a moment of your time to fill it out and send it to the following address:<o:p></o:p></FONT></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></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-FAMILY: Arial"><FONT
size=3>Village League<o:p></o:p></FONT></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=3><st1:Street><st1:address><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">1165 Vivian Lane</SPAN></B></st1:address></st1:Street><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p></o:p></SPAN></B></FONT></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=3><st1:place><st1:City><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Incline Village</SPAN></B></st1:City><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">, </SPAN></B><st1:State><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Nevada</SPAN></B></st1:State><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><SPAN style="mso-spacerun: yes">
</SPAN></SPAN></B><st1:PostalCode><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">89451</SPAN></B></st1:PostalCode></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p></o:p></SPAN></B></FONT></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 0in 0pt"><o:p><FONT face="Times New Roman" size=3> </FONT></o:p></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 0in 0pt"><FONT size=3><SPAN style="mso-tab-count: 1"><FONT face="Times New Roman"> </FONT></SPAN><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial">Once again, our great appreciation for your continued support and
confidence.<o:p></o:p></SPAN></B></FONT></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><o:p><FONT size=3> </FONT></o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 27pt"><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><FONT size=3>Sincerely,<o:p></o:p></FONT></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><o:p><FONT face="Times New Roman" size=3> </FONT></o:p></DIV> <DIV class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 27pt"><B style="mso-bidi-font-weight: normal"><U><SPAN style="FONT-SIZE: 20pt; FONT-FAMILY: 'Monotype Corsiva'">Maryanne Ingemanson</SPAN></U></B><FONT size=3><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-FAMILY: Arial"><SPAN style="mso-spacerun: yes"> </SPAN></SPAN></B><B
style="mso-bidi-font-weight: normal"><U><SPAN style="FONT-SIZE: 20pt; FONT-FAMILY: 'Monotype Corsiva'"><o:p></o:p></SPAN></U></B></FONT></DIV> <DIV class=MsoNormal style="MARGIN: 0in 9pt 0pt 27pt; mso-pagination: none; mso-layout-grid-align: none"><st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">Maryanne </SPAN></B><st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">Ingemanson</SPAN></B></st1:PersonName></st1:PersonName><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial">, President<o:p></o:p></SPAN></B></DIV> <DIV class=MsoNormal style="MARGIN: 0in 9pt 0pt 27pt; 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 9pt 0pt 0in; mso-pagination: none;
mso-layout-grid-align: none"><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt"><o:p> </o:p></SPAN></B></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 </SPAN></B><st1:PersonName><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">Ingemanson</SPAN></B></st1:PersonName></st1:PersonName><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial;
mso-bidi-font-size: 7.5pt">, President, </SPAN><st1:PersonName><B><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">Ted Harris</SPAN></B></st1:PersonName><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: 7.5pt">, 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 27pt"><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 27pt"><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 27pt"><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-pagination: none; mso-layout-grid-align: none; mso-prop-change: 'Maryanne Ingemanson' 20051223T0855" align=center><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Arial Rounded MT Bold'; mso-bidi-font-family: Cornerstone"><FONT face="Times New Roman">Village League to Save Incline Assets, Inc. – an approved non-profit organization <o:p></o:p></FONT></SPAN></B></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><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial Rounded MT Bold'; mso-bidi-font-family: Cornerstone"><FONT face="Times New Roman"><SPAN style="mso-spacerun: yes"> </SPAN>FEIN 88-0399029<o:p></o:p></FONT></SPAN></B></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><st1:Street><st1:address><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">1165 Vivian Lane</SPAN></B></st1:address></st1:Street><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> - </SPAN></B><st1:place><st1:City><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Incline Village</SPAN></B></st1:City><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">,
</SPAN></B><st1:State><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Nevada</SPAN></B></st1:State><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><SPAN style="mso-spacerun: yes"> </SPAN></SPAN></B><st1:PostalCode><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">89451</SPAN></B></st1:PostalCode></st1:place><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> - telephone 775-831-4011 - fax 775- 831-0325</SPAN></B><B style="mso-bidi-font-weight: normal"><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: 'Arial Rounded MT Bold'; mso-bidi-font-family: Cornerstone"><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: 11pt; FONT-FAMILY: Arial">Email – <A
href="mailto:mingemanson@charter.net">mingemanson@charter.net</A><o:p></o:p></SPAN></B></DIV>