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</div><div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal" align="center"><b style="mso-bidi-font-weight:normal"><span style="font-size:24.0pt;mso-bidi-font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman";color:red">ANOTHER SUPREME COURT
VICTORY</span></b></div>

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normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman";color:black"> </span></div>

<div style="margin:0in;margin-bottom:.0001pt"><b><span style="font-family:"Arial","sans-serif";
color:black">ALERT:</span></b><span style="font-family:"Arial","sans-serif";
color:black"> #261</span></div>

<div style="margin:0in;margin-bottom:.0001pt"><b><span style="font-family:"Arial","sans-serif";
color:black">DATE:</span></b><span style="font-family:"Arial","sans-serif";
color:black"> August 12, 2012</span></div>

<div style="margin:0in;margin-bottom:.0001pt"><b><span style="font-family:"Arial","sans-serif";
color:black">TO:</span></b><span style="font-family:"Arial","sans-serif";
color:black"> Incline Village & Crystal Bay Property Owners</span></div>

<div style="margin:0in;margin-bottom:.0001pt"><b><span style="font-family:"Arial","sans-serif";
color:black">FROM:</span></b><span style="font-family:"Arial","sans-serif";
color:black"> Village League Tax Revolt Committee</span></div>

<div style="margin:0in;margin-bottom:.0001pt"><span style="font-family:"Arial","sans-serif";
color:black"> </span></div>

<div style="margin:0in;margin-bottom:.0001pt"><b><span style="font-family:"Arial","sans-serif";
color:black">Dear Incline Village & Crystal Bay Property Owners,</span></b></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman";color:black"> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"">Unbeknownst to many property owners
in Incline Village and Crystal Bay, on October 22, 2010 Washoe County District
Attorney, Dick Gammick,<span style="mso-spacerun:yes">  </span>filed an Appeal
to the Nevada Supreme Court in an attempt to overthrow a previous ruling, won
by the Village League, which ordered the payment of refunds to all 9,000 IV/CB
residential parcel owners.</span></div>

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normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"">Our amazing attorney, Suellen
Fulstone, was noticed last Thursday that the Supreme Court Justices unanimously
ruled in our favor. There is now no question remaining that the refunds of
$43,000,000 for 2006 and subsequent tax years <b style="mso-bidi-font-weight:
normal"><span style="color:red">MUST</span></b> be paid. Had she not been
victorious, after this nearly seven year battle, the County could have
proceeded to attempt to stop payment on any future refunds and recall the
monies that have already been distributed!!!</span></div>

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normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"">The Supreme Court has now
unanimously ruled in our favor in six separate cases.</span></div>

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normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"">Click to read the entire Supreme
Court Order:</span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""><a href="http://www.nevadapropertytaxrevolt.org/12/NV-SupremeCourt-120809.pdf">www.NevadaPropertyTaxRevolt.org/12/NV-SupremeCourt-120809.pdf</a></span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal" align="center"><b style="mso-bidi-font-weight:normal"><span style="font-size:24.0pt;mso-bidi-font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman";color:red">TAX REFUNDS</span></b></div>

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normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"">Many of you are concerned that you
have not yet received your refunds.<span style="mso-spacerun:yes">  </span>The
county is processing 500 to 600 refunds a month and plans to complete all
payments by August 2013, as mandated by District Court Judge Adams. No list is
available indicating in which order the refunds will be paid.</span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"">In July the County began paying the
interest portion of refunds again and will be catching up on previously
withheld interest payments in the near future.</span></div>

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normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"">The<span style="mso-spacerun:yes"> 
</span>Washoe County Treasurer generates a monthly status report on the Incline
Village / Crystal Bay Property Tax Refund progress.<span style="mso-spacerun:yes">  </span>Click on the following link to read her
report for the month of July.</span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""><a href="http://www.nevadapropertytaxrevolt.org/12/WC-PropTaxRefund-StatusReport-Aug2012.pdf">www.NevadaPropertyTaxRevolt.org/12/WC-PropTaxRefund-StatusReport-Aug2012.pdf</a></span></div>

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normal;tab-stops:302.25pt"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal;tab-stops:302.25pt"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:normal" align="center"><b style="mso-bidi-font-weight:normal"><span style="font-size:24.0pt;mso-bidi-font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman";color:red">THE BATTLE CONTINUES</span></b></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"">As we have mentioned in prior
Alerts, the Village League is continuing to press forward on all legal fronts
to assure that Justice is served. The very first case that we filed, “…for the
2003 tax year and each subsequent tax year”, is still being pursued and a
hearing before the State Board of Equalization will be held in the very near
future. Please watch your Alerts for the time and place as we will be asking for
your attendance once again. <b style="mso-bidi-font-weight:normal"><span style="color:red">IT IS IMPORTANT</span></b>. Notice is taken when we show
solidarity by appearing. In fact, the current Supreme Court Order stated: </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:14.0pt;font-family:"Times New Roman","serif";
mso-fareast-font-family:"Times New Roman"">3. Multiple taxpayers attended the
hearing "in support of. . . Fulstone and her actions," and several briefly
spoke in support of continuing the hearing. It is unclear from the record how
many taxpayers attended the hearing, although the State Board commented that
there were "a lot of people" in attendance.</span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"">We are hoping that this ten year
effort will soon be successfully coming to a close. Our sincere thanks to all
of you who have given us your moral and financial support without which we
could never have prevailed.</span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"">Stay tuned…</span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman""> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";
mso-fareast-font-family:"Times New Roman"">Sincerely,</span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span style="color:black"> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><b><span style="font-family:"Arial","sans-serif";color:black">Maryanne Ingemanson,</span></b><span style="font-family:"Arial","sans-serif";color:black"> President</span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span style="font-family:"Arial","sans-serif";color:black">Village League to Save
Incline Assets</span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><a href="mailto:mingemanson@charter.net"><span style="font-family:"Arial","sans-serif";
mso-bidi-font-family:Calibri">mingemanson@charter.net</span></a></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><a href="http://www.nevadapropertytaxrevolt.org/"><span style="font-family:"Arial","sans-serif";
mso-bidi-font-family:Calibri">www.NevadaPropertyTaxRevolt.org</span></a><b><i><span style="font-family:"Arial","sans-serif";color:black"></span></i></b></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><b><i><span style="font-family:"Arial","sans-serif";color:black"> </span></i></b></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center" align="center"><span style="font-family:"Arial","sans-serif";color:black">---------------------------------</span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center" align="center"><span style="color:black"> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><b><span style="font-family:"Arial","sans-serif";color:black">Village League to Save
Incline Assets Board Members:</span></b></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><b><span style="font-family:"Arial","sans-serif";color:black">- Maryanne Ingemanson,</span></b><span style="font-family:"Arial","sans-serif";color:black"> President</span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><b><span style="font-family:"Arial","sans-serif";color:black">- Dale Akers</span></b><span style="font-family:"Arial","sans-serif";color:black">, Historian</span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><b><span style="font-family:"Arial","sans-serif";color:black">- Les Barta,</span></b><span style="font-family:"Arial","sans-serif";color:black"> Law Research</span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><b><span style="font-family:"Arial","sans-serif";color:black">- Wayne Fischer</span></b><span style="font-family:"Arial","sans-serif";color:black">, Webmaster</span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><b><span style="font-family:"Arial","sans-serif";color:black">- Todd Lowe</span></b><span style="font-family:"Arial","sans-serif";color:black">, Financial,</span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><b><span style="font-family:"Arial","sans-serif";color:black">- Chuck Otto</span></b><span style="font-family:"Arial","sans-serif";color:black">, Public Relations </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt"><span style="font-family:"Arial","sans-serif";color:black"> </span></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center" align="center"><b><span style="font-family:"Arial","sans-serif";color:black">Village
League to Save Incline Assets, Inc.</span></b></div>

<div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center" align="center"><span style="font-family:"Arial","sans-serif";
color:black;mso-ansi-language:FR" lang="FR">Non-Profit Corporation - FEIN 88-0399029</span></div>

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text-align:center" align="center"><span style="font-family:"Arial","sans-serif";
color:black;mso-ansi-language:FR" lang="FR">1165 Vivian Lane, Incline Village, NV 89451</span></div>

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text-align:center" align="center"><span style="font-family:"Arial","sans-serif";
color:black;mso-ansi-language:FR" lang="FR">Phone: 775-831-4011, Fax 775-831-0325</span></div>

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text-align:center" align="center"><span style="color:black"> </span></div>

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text-align:center" align="center"><span style="font-family:"Arial","sans-serif";
color:black;mso-ansi-language:FR" lang="FR">#<span style="mso-spacerun:yes"> 
</span>#<span style="mso-spacerun:yes">  </span>#</span></div><div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center" align="center"><br><span style="font-family:"Arial","sans-serif";
color:black;mso-ansi-language:FR" lang="FR"></span></div><div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center" align="center"><br><span style="font-family:"Arial","sans-serif";
color:black;mso-ansi-language:FR" lang="FR"></span></div><div class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center" align="center"><span style="font-family:"Arial","sans-serif";
color:black;mso-ansi-language:FR" lang="FR"><br></span></div>

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