Real Property Tax Reconciliation Letter between Tri-County Industrial Parks #6 LLC and Powin Corporation
Tri-County Industrial Parks #6 LLC sent this letter to Powin Corporation to reconcile real property taxes for the 2008-2009 tax year. The letter details the calculation of Powin Corporation's share of building and land taxes, resulting in a balance due of $520.40. Powin is instructed to pay this amount with their February 2009 rent and is provided with a breakdown of monthly charges. The letter also notes that a service charge will apply to any unpaid balance. This communication serves as a formal notice of the tax reconciliation and payment obligations.
TRI-COUNTY INDUSTRIAL PARKS #6 LLC
8320 NE HWY. 99
VANCOUVER, WA. 98665
TELEPHONE ###-###-####
FAX ###-###-####
January 21, 2009
Powin Corporation
6975 SW Sandburg Road #326
Tigard OR 97223
0
RE: Reconciliation of real Property Taxes
Dear Tenant:
After the reconciliation for the 08-09 tax year for Tri-County Industrial Park, there is a balance due in the sum of $520.40.
Please remit the sum of $520.40 to our office with your February 2009 rent,
Copies of the tax billings for the 08-09 tax years are enclosed as well as a breakdown of assessments for each building at Tri-County Industrial Park.
For your information, following is the formula used to determine you pro rata share of the taxes due per the terms of your lease with Tri-County Industrial Parks #6 LLC.
Building Taxes
1. Building 12 is 7.95% of tax lot 1500
2. Taxes due on Building 12 are $4,826.74
3. Your pro rata share of the building 76.920%
4. $4,826.74 x 76.920% = $3,712.73
Land Taxes
1.
Taxes on the land are $70,291.27
2.
Your percent of the land is 2.660%
3.
$70,291.27 x 2.660%= $1,869.75
Summary
Tenants tax due on building:
(2008-2009)
$
3,712.73
Tenants tax due on land:
(2008-2009)
$
1,869.75
Sub total
$
5,582.48
Less tax paid
(2007-2008)
$
5,062.08
Total Due
$
520.40
01/28/09, CK#1419 ($563.77)
Page 2
Reconciliation of Real Property Taxes
According to this reconciliation, the following amount is due February 1, 2009 and each month thereafter until further notice:
Rent
$
4,200.00
CAM
$
619.62
Taxes
$
465.21
Road Maintenance
$
85.23
Insurance
$
62.18
Water
$
14.02
Sewer
$
103.12
Total Due
$ 5,549.38 - 5506.01 = 43.37
01/28/09, CK#1417 ($563.77)
Prompt payment of this bill will be greatly appreciated. A 1 1/2 % monthly service charge, or the maximum allowed by law, will be charged on the unpaid balance.
If you have any questions you may contact our office at the above number.
TRI-COUNTY INDUSTRIAL PARK, INC.
By:/s/Tom Howie
Tom Howie, Leasing Coordinator
Enclosures
Cc: Accounting
