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<DIV><SPAN class=436592615-26102010><FONT face=Arial>There was a mistake made in
the last quarter's fund calculation (quarter ending June 2010) which affects the
ORMAP fund balance and the 20% limit as reported at the October 21, 2010 Tech
Group meeting. I have made the corrects below in red.</FONT></SPAN></DIV>
<DIV><SPAN class=436592615-26102010><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=436592615-26102010><FONT face=Arial>Let me know if you have any
questions.</FONT></SPAN></DIV>
<DIV><SPAN class=436592615-26102010><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=436592615-26102010><FONT face=Arial>Phil</FONT></SPAN></DIV>
<DIV><SPAN class=436592615-26102010><FONT face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=436592615-26102010>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>June 2010 Fund Balance<SPAN
style="mso-tab-count: 1"> </SPAN><SPAN
class=436592615-26102010><FONT
color=#ff0000><STRONG>$158,291</STRONG></FONT></SPAN></P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>September 2010 Deposit<SPAN
style="mso-tab-count: 1"> </SPAN>$200,104</P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>Est. Contract
Reversions<SPAN
style="mso-tab-count: 1"> <SPAN
class=436592615-26102010> </SPAN></SPAN>$6,396</P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>Funded Contracts<SPAN
style="mso-tab-count: 2">
</SPAN>$2,500</P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>Tools Group Funding<SPAN
style="mso-tab-count: 1"> </SPAN><SPAN
style="mso-tab-count: 1">
</SPAN>$0</P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>Est. Admin Costs<SPAN
style="mso-tab-count: 2">
</SPAN>$19,290</P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal><U>Total Fund Balance<SPAN
style="mso-tab-count: 2"> </SPAN><SPAN
class=436592615-26102010><FONT
color=#ff0000><STRONG>$343,001</STRONG></FONT></SPAN></U></P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal><?xml:namespace prefix = o
ns = "urn:schemas-microsoft-com:office:office" /><o:p> </o:p></P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>Fall 2010 Grants:<SPAN
style="mso-tab-count: 2"> </SPAN>$684,872</P>
<P style="MARGIN: 0in 0in 0pt 0.5in" class=MsoNormal>Est. Difference:<SPAN
style="mso-tab-count: 2">
</SPAN><SPAN
style="mso-tab-count: 1">
</SPAN><B style="mso-bidi-font-weight: normal"><SPAN style="COLOR: red">$3<SPAN
class=436592615-26102010>41,871</SPAN></SPAN></B></P>
<P style="MARGIN: 0in 0in 0pt" class=MsoNormal><o:p> </o:p></P>
<UL style="MARGIN-TOP: 0in" type=disc>
<LI
style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in"
class=MsoNormal>Fall 2010 20% limit <SPAN
style="mso-tab-count: 2">
</SPAN><FONT color=#ff0000><STRONG>$<SPAN
class=436592615-26102010>69,533</SPAN></STRONG></FONT></LI>
<LI
style="MARGIN: 0in 0in 0pt; mso-list: l0 level1 lfo1; tab-stops: list .5in"
class=MsoNormal>Fall 2010 3% limit<SPAN
style="mso-tab-count: 2">
</SPAN>$11,264</LI></UL></SPAN></DIV>
<DIV> </DIV><SPAN lang=en-us><FONT size=2 face=Arial>
<DIV align=left><FONT size=2>
<P align=left>***************CONFIDENTIALITY NOTICE***************</P>
<P>This e-mail may contain information that is privileged, confidential or
otherwise exempt from disclosure under applicable law. If you are not the
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this email in error, please advise me immediately by reply e-mail, keep the
contents confidential, and immediately delete the message and any attachments
from your system.</P></FONT></DIV>
<DIV align=left>
<HR>
</DIV></FONT>
<P align=left><FONT size=2><FONT face=Arial>Philip McClellan<BR>ORMAP Project
Coordinator<BR></FONT></FONT><FONT size=2 face=Arial>Oregon Department of
Revenue<BR>Property Tax Division - CDOT<BR>Tel: 503-586-8128<BR>Fax:
503-945-8737</FONT></SPAN><FONT size=2><FONT face=Arial> <BR><SPAN lang=en-us><A
href="http://www.ormap.org/"><FONT color=#000000>www.ormap.org</FONT></A>
</SPAN></FONT></FONT></P>
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