256-10 Attachment

Crestmont Settlement Analysis Assessment: Block 174, Lot 1 (95 Acres) Block 174, Lot 1.01 (Golf Course) Land $2,314,900.00 Land $3,576,100.00 Improvement $0,000,000.00 Improvement $3,070,500.00 Total $2,314,900.00 Total $6,646,600.00 Block 174, Lot 1 (95 Acres) Tax Year 2007 – Equalized Value is $9,817,200.00 – Taxes $236,667.00 (If Woodlands - Value @ $2500 Per Acre/Assmt. $8,500.00 – Taxes $968.00 – Red. $235,700) Tax Year 2008 – Equalized Value - $10,399,371.00 – Taxes $280,704.00 (If Woodlands – Value @ $2500 Per Acre/Assmt. $8,500.00 – Taxes - $1,030.71-Red. $279,672) Tax Year 2009 – Equalized Value $10,609,074.00 – Taxes $290,450.00 (If Woodlands –Value $2500 Acre/Assmt. $8500 – Taxes $1,066.00 - Red. $289,384) Tax Year 2010 – Equalized Value $10,148,619.00 – Taxes $300,937.00 (If Woodlands – Value $2500 Acre/Assm.t $8500 – Taxes $1,105.00-Red. $299,832.00) (estimated 2010 Rate 0f $13.00) Assume Township Loss on Woodland Appeal At Trial – Refunds Would Be: 2007 $235,700.00 + Int. (approx.) $47,000.00 – Total - $ 282,700.00 2008 $279,672.00 + Int. (approx.) $42,000.00 – Total - $ 321,672.00 2009 $289,384.00 + Int. (approx.) $29,000.00 – Total - $ 318,384.00 2010 $299,832.00 + Int. (approx.) $15,000.00 – Total - $ 314,832.00 Total …………………………………………………. $1,237,588.00 Block 174, Lot 1.01 (Golf Course) Tax Year 2007 – Equalized Value is $28,187,446.00 – Taxes $757,048.00 Assume Value @ $1,000,000.00 Per Hole @ Ratio AV $4,244,400 – Taxes $483,437.00 Tax Year 2008 – Equalized Value is $29,858,940.00 – Taxes $805,967.00 Assume Value @ $1,000,000.00 Per Hole @ Ratio AV $4,006,800 – Taxes $485,864.00 Tax Year 2009 – Equalized Value is $30,461,045.00 – Taxes $833,949.00 Assume Value @ $1,000,000.00 Per Hole @ Ratio AV $3,927,600 – Taxes $492,795.00 Tax Year 2010 – Equalized Value is $29,138,974.00 – Taxes $864,058.00 Assume Value @ $1,000,000.00 Per Hole @ Ratio AV $4,105,800 – Taxes $533,754.00 Assume Trial With Concluded Value of $18,000,000.00 ($1.0 Per Hole) – Refunds: 2007 - $273,610.00 + Int. (approx.) $54,700.00 – Total - $ 328,310.00 2008 - $320,102.00 + Int. (approx.) $48,015.00 – Total - $ 368.117.00 2009 - $341,152.00 + Int. (approx.) $34,115.00 – Total - $ 375,267.00 2010 - $330,304.00 + Int. (approx.) $16,515.00 – Total - $ 346,819.00 Total …………………………………………………. $1,418,513.00 Aggregate Township Exposure Based on Above - $2,656,101.00 Crestmont

Total - $ 375,267.00 2010 - $330,304.00 + Int. (approx.) $16,515.00 – Total - $ 346,819.00 Total …………………………………………………. $1,418,513.00 Aggregate Township Exposure Based on Above - $2,656,101.00 Crestmont Settlement Analysis