PLEASE NOTE THAT THIS RESOLUTION WAS SUPERSEDED ON JANUARY 20, 2000 BY RESOLUTION 00-03

THE PRESIDIO TRUST
BOARD OF DIRECTORS

RESOLUTION 99-6
FORMATION OF BOARD COMMITTEES

WHEREAS, the Bylaws authorize the Presidio Trust Board of Directors to create committees as necessary and appoint members of the Board of Directors to serve on those committees; and

WHEREAS, the Board of Directors has determined that certain committees are necessary to carry out the business of the Board of Directors;

NOW, THEREFORE, BE IT RESOLVED, that the Presidio Trust Board of Directors hereby approves of the formation and composition of the following committees:

Ad Hoc: Rosenblatt (Chair); Meyer; Reilly
Budget Committee:    Rosenblatt (Chair); Murphy; Reilly
Planning Committee: Rosenblatt (Chair); Blakely; Meyer
Real Estate Committee:     Fisher (Chair); Blakely; Murphy; and Rosenblatt

Adopted: December 14, 1998