Dear Sylvia, John (Peterson), Buck: The PP Property Tax Committee met and, as you can see from the report below, feels that no time should be lost in starting to tackle the tax issue. We would like to discuss out proposals with you (as PPRA officers) and hopefully obtain your comments and endorsement before we meet with Mary Ann Drescher. Thursday noon for lunch would be the preferred time. But other day and times possible. I'm anxious for us to meet before I leave for five days on Saturday, June 25. So please email or all me or wait for my call. Best wishes hans 833-6567 ******************************************** PPRA Property Tax Committee June 17, 2005 The committee met and considered the property tax situation of Prairie Point Residents. We believe it is urgent to make changes in the residency agreement before the end of 2005 in order to make property tax payments deductible for the purpose of paying income tax. In view of the urgency of this matter we believe that this process should start now even before the legal situation is clarified. The preferred option appears to be for residents to own their homes as condos with a suitable contract with Attic Angel Association. We also raised questions on how the assessments of PP homes were arrived at. We wish a short meeting with the PP officers in the week of June 20 in order to get their comments and support. Next we plan to arrange an early meeting with Mary Ann Drescher. Norman Herro Hans Schneider John Winner