Question
Unproductive Real Property Exemption Page 1 of 1
Verne, B. Michael
From: Sauro, Troy (Perkins Coie) [TSauro@perkinscoie.com]
Sent: Tuesday, April 22, 2008 2:22 PM
To: Verne, B. Michael
SUbject: Unproductive Real Property Exemption
Good afternoon, Mike.
Thanks again for taking some time to discuss a few items with us. I've put our discussion into the below e-mail. Could you please confirm your agreement with the things we discussed as laid out below?
A productive mill is being acquired, along with timberlands we have determined are unproductive real property under 802.2(c).
The mill is bordered on the East by a U.S. Highway and on the West by a river. The same highway and river cross each other to the North and South ofthe mill, creating a border surrounding the mill. You confirmed that the presence ofthe highway and river render the mill not adjacent to real property on the other side of the highway or the other side of the river under 802.2(c)(iii).
Second, there is a small area ofreal property used for storage of logs before and after they are processed in the mill. This area sits on a piece of unproductive timberlands which are included in the ~cquisition, located across the highway from the mill. Given the above, the storage area is, therefore, on a piece of property that is not adj acent to the mill. You confirmed that the existence ofthis storage area on the non-adjacent, otherwise unproductive piece of timberlands does not render the timberlands productive real property under 802.2(c). \
Thank you, Troy Sauro
Troy Sauro! Perkins Coie LLP 4 Embarcadero Center, Suite 2400 San Francisco, CA 941 11 PI-TONE: 415.344.7102 FAX: 415.344.7302
E-\-11\ IL tsauro((<)perkil1scoie.com
NOTICE: This communication may contain privileged or other confidential information. If you have
received it in error, please advise the sender by reply email and immediately delete the message and
any attachments without copying or disclosing the contents. Thank you.
4/2212008