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MEMORANDUM, RE : PITKIN COUNTY TAX SCHEDULE <br /> 7863 - TAXES FOR 1990 to 1996 <br /> Taxes owed on Schedule 7863 for 1990, payable in 1991 <br /> amounted to $124 , 833 .28 according to Tax Notice (Schedule 1) . <br /> Description of the property covered by the Schedule is <br /> attached as Schedule 2 pursuant to statement from the Pitkin <br /> County Assessor' s office in 1988 . <br /> Statement received from the Treasurer' s office dated <br /> 10/16/96 shows taxes for 1990 on this Schedule as $134 , 946 . 62 <br /> with interest calculated at $145, 796 . 51 . <br /> Figuring interest at 10-. per month from May 1, 1991 to <br /> December 1, 1996 (67 months) on $124 , 833 . 28 would equal <br /> $83 , 638 . 30 or a combined figure of interest plus taxes to <br /> December 1, 1996 of $208, 471 . 58 , indicating the Treasurer' s <br /> calculation is $62 , 158 . 21 too high for the 1990 taxes, payable in <br /> 1991 on this Schedule . <br /> Taxes for 1991 payable in 1992 according to the Tax <br /> Notice are $82 , 649 instead of the Treasurer' s $83 , 228 . <br /> Interest at 1% per month from May 1, 1992 to 12/1/96 <br /> (55 months) would amount to $45, 456 . 95 totaling $128 , 105 . 95 . <br /> The Treasurer' s figure indicates an overcharge of $33 , 753 . 26 . <br /> Interest on taxes for 1992 payable in 1993 , (in the <br /> amount of $10 , 606 . 54) from May 1, 1993 to 12/1/96 (43 months) <br /> equals $4 , 560 . 81, rather than the Treasurer' s figure of <br /> $7, 164 . 04 , an overage of $2 , 603 . 23 . <br /> 1993 taxes payable in 1994 in the amount of $10, 410 <br /> would produce interest at 1% per month (31 months) of $3 , 227 . 19, <br /> rather the Treasurer' s figure of $4 , 585 . 37, an overage of <br /> $1, 358 . 08 . <br /> 1994 taxes payable in 1995, on tax of $11, 937 . 56 , <br /> interest from 5/1/95 to 12/1/96 (19 months) equals $2, 268 . 13 , <br /> rather than the Treasurer' s figure of $2 , 876 . 67 producing an <br />