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<div align="center"><font color="#ff0000"><big><b><small><small><small><small><small><font
face="Helvetica, Arial, sans-serif"><big><big><big><big><big><big><big>WHAT
HAPPENED ON AUGUST 16TH?</big></big></big></big></big></big></big></font></small></small></small></small></small></b></big></font><br>
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ALERT: #142<br>
DATE: August 20, 2007<br>
TO: Incline Village & Crystal Bay Property Owners<br>
FROM: Village League Tax Revolt Committee<br>
<br>
<b>Dear Incline Village & Crystal Bay Property Owners, </b><br>
<br>
For </big></big></big></big></big></font></small></small></small></small></small><font
face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";">those
of you who have been following the ongoing saga of the Tax Revolt, here
is the latest. On August 16th, we were scheduled to present before the
State Board of Equalization our remaining 2006-2007 cases and some of
the 2007-2008 cases with the remainder of the approximately one
thousand 2007-2008 cases being heard on August 17th. <br>
<br>
The Board approved settlements for 8 of the remaining 2006-2007
cases. The other 22 remaining 2006-2007 cases were not heard because
the hearing notice was determined to be inadequate.<br>
<br>
The Board also confirmed June 27 as the date that prior settlements
were approved and finalized. That date is important because the
Department of Taxation is required to issue a Written Decision within
60 days of the Board approval. The County has stated that it will not
issue refunds until it receives the Written Decision. <br>
<br>
That Written Decision should be issued by August 27. We’ll have to
see how fast the refunds are made after that. Needless to say, the
County Treasurer, the County Assessor, the County Commissioners, the
County Manager (Katy Singlaub) and District Attorney Gammick are not
eager for that event to take place. <br>
<br>
To refresh your memories, in addition to the 300 Petitioners in
2006, the Village League had won a victory for all of the remaining
8700 residential property owners in Incline Village and Crystal Bay,
which mirrored the victory that we won for those who had actually filed
their Petitions. Of course, the Assessor always Appeals any of our
victories, so that HUGE case is now before the Nevada Supreme Court,
awaiting a decision.<br>
<br>
<br>
</span></font>
<div align="center"><font color="#ff0000"
face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><b><big><big><big>WHAT
HAPPENED TO THE 2007-2008 CASES?</big></big></big></b></span></font><br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"></span></font></div>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><big><br>
</big></span></font><font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><br>
After a thorough discussion of the wording of the Notice sent to
all of you and the Agenda posted by the Department of Taxation on its
website and elsewhere to provide public notice, the Board determined
that there was a potential for an Open Meeting Law violation. The
decision was made to cancel the hearings scheduled on the 2007-2008
cases and re-notice and re-agendize those cases for hearing on
September 13th and 14th.<br>
<br>
The continuance of the hearings could not be avoided in light of
the potential Open Meeting Law violation. Re-scheduling the hearings
for September 13 and 14, however, gives the Nevada Supreme Court three
additional weeks during which to make a decision on our two incredibly
important cases that are now awaiting rulings.<br>
<br>
<br>
</span></font>
<div align="center"><font color="#ff0000"
face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><b><big><big><big>NOW
WHAT?</big></big></big></b></span></font><br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"></span></font></div>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><br>
The State Board members were adamant that our attorneys and the
Assessor attempt to come to an agreement as to a settlement of the
2007-2008 cases before the next scheduled hearing. Whether this is
possible or not is anyone’s guess. There is no doubt that the Assessor
and Washoe County desperately want to send out supplemental higher tax
bills to all 1000 of you who received tax reductions due to the Village
League’s victory before the County Board of Equalization last February.<br>
<br>
My apologies that this Alert is somewhat technical; however, much
of the work that we are currently doing IS technical and “behind the
scenes”. Don’t think for a moment that we are resting on our laurels -
far from it - as this part of the battle is probably the most difficult
of all. Long days and much frustration. <br>
<br>
</span></font>
<div align="center"><font color="#ff0000"
face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><b><big><big><big>NEVADA
SUPREME COURT</big></big></big></b></span></font><br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"></span></font></div>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><br>
We are so hopeful that the Supreme Court will issue favorable
rulings on our two HUGE cases that are presently before them. All
decisions are released on Thursdays, so think good thoughts for us
every Thursday!! We need all the mental strength that you can bring to
bear. <br>
</span></font><font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><o:p> </o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";">Sincerely,<o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><o:p> </o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><b style=""><i style=""><span
style="font-size: 14pt; line-height: 115%; font-family: "Arial","sans-serif";">Maryanne
Ingemanson<o:p></o:p></span></i></b></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><o:p> </o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";">Maryanne
Ingemanson, President<o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";">Village
League to Save Incline Assets, Inc.<o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><a
moz-do-not-send="true" class="moz-txt-link-abbreviated"
href="http://www.NevadaPropertyTaxRevolt.org">www.NevadaPropertyTaxRevolt.org</a><o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><a
moz-do-not-send="true" class="moz-txt-link-abbreviated"
href="mailto:mingemanson@charter.net">mingemanson@charter.net</a><o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><o:p> </o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><b style=""><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";">Village
League to Save Incline Assets
Board Members:<o:p></o:p></span></b></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><span
style=""> </span>* <st1:personname w:st="on">Maryanne <st1:personname
w:st="on">Ingemanson</st1:personname></st1:personname>, President<o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><span
style=""> </span>* Dale Akers, Historian<o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><span
style=""> </span>* Les Barta, Law Research<o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><span
style=""> </span>* <st1:personname w:st="on">John Carney</st1:personname>,
Analyst<o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><span
style=""> </span>* <st1:personname w:st="on">Wayne Fischer</st1:personname>,
Webmaster<o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><span
style=""> </span>* <st1:personname w:st="on">Ted Harris</st1:personname>,
Tax Revolt Committee Chairman<o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><span
style=""> </span>* <st1:personname w:st="on">Todd Lowe</st1:personname>,
Financial,<o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><span
style=""> </span>* <st1:personname w:st="on">Chuck Otto</st1:personname>,
Public Relations <o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><o:p> </o:p></span></font>
<br>
<div align="center"><font face="Helvetica, Arial, sans-serif"><b
style=""><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";">Village
League to Save Incline Assets, Inc.<o:p></o:p></span></b></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";">Non-Profit
Corporation - FEIN 88-0399029<o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><st1:address w:st="on"><st1:street
w:st="on"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";">1165
Vivian Lane</span></st1:street><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";">,
<st1:city w:st="on">Incline Village</st1:city>, <st1:state w:st="on">NV</st1:state>
<st1:postalcode w:st="on">89451</st1:postalcode></span></st1:address><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";">Phone:
775-831-4011, Fax 775-831-0325<o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";">Email:
<a moz-do-not-send="true" class="moz-txt-link-abbreviated"
href="mailto:mingemanson@charter.net">mingemanson@charter.net</a><o:p></o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><o:p> </o:p></span></font>
<br>
<font face="Helvetica, Arial, sans-serif"><span
style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";">#<span
style=""> </span>#<span style=""> </span>#<o:p></o:p></span></font>
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style="font-size: 12pt; line-height: 115%; font-family: "Arial","sans-serif";"><o:p> </o:p></span></font>
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