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jc,ayle Petersen - transfer tx position.doc Page 3 would like to see it be July 1, 2007. 5. Interested and qualifying parties should have 12 months from the recordation of the deed to apply for the rebate program. This is in keeping with the timelines expressed in the various categories of exemption and the "lag" in time between the recordation of the deed and the tax information being sent back to the city from the county (this process can take up to 3 months). CLOSING In closing, we would like to state that we compromised our original position on Measure G based on the proposal presented to us on the exemption program. We firmly believe that the outcome of the vote on Measure G would have been very different if we had actively participated and educated the citizens on the basic issue of transfer taxes as we did in Union City and Dublin. The issue of transfer taxes does not directly affect REALTORS& It does, however, directly affect their clients, the buyers and sellers. There is a fundamental belief that support for community services should be provided by all citizens in that community who benefit from those services. If the services are that important to the community, than the responsibility for financing those services should be spread throughout the community, not burdening one relatively small segment of citizens. Whether you agree with this belief or not, we have acted in good faith and complete cooperation through this process. We request that the city do the same. Respectfully submitted, Nancy Rogers Public Affairs Director