Colina de São gonçalo Evaluations

SGAL, in accordance with the Municipal Property Tax Code, filed a complaint on July 13th 2005 regarding the taxable patrimonial value determined in the first fiscal evaluations carried out in the entire Colina de São Gonçalo Complex, because it disagreed with the elevated location coefficient attributed to the area, as well as other irregularities cited in that act.
After two years, subsequent to the notification for such an effect issued by the respective Finance Services Offices, SGAL appeared before the evaluation committee, whose responsibility it is to carry out the second evaluations according to the terms of the before-mentioned Code. These second evaluations were carried out for the first 23 units on July 12th 2007, during a process which will probably only be totally concluded in October of the present year.