Norwest Corporation and Subsidiaries, Successor in Interest to United Banks of Colorado, Inc., and Subsidiaries, et al. - Page 11

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          of the years in issue, LBC owned land and improvements on the               
          Lincoln-Sherman block directly across from 3UBC, including a                
          structure named Motorbank I.  That structure consisted of three             
          underground levels, two of which contained office space and one             
          of which contained mechanicals, a ground level that contained               
          office space, and 10 floors of above-ground parking space.                  
          Motorbank I had approximately 1,000 square feet of office space             
          and approximately 103,000 square feet of parking space.  3UBC was           
          connected to the Motorbank I parking garage by an elevated,                 
          enclosed pedestrian walkway and was connected to the Motorbank I            
          office space by a passage under Lincoln Street.  Motorbank I also           
          had facilities to accommodate drive-up banking through about                
          1987.                                                                       
               During the 1970s, LBC owned a portion of a block in downtown           
          Denver, Colorado, that is bounded by 17th Avenue to the south, by           
          18th Avenue to the north, by Sherman Street to the west, and                
          Grant Street to the east (the Sherman-Grant block).  That block             
          is directly to the east of and across Sherman Street from the               
          Lincoln-Sherman block.  In the late 1970s, LBC purchased property           
          on the Sherman-Grant block.                                                 
                    2.  Events Preceding the 1981 Transactions                        
                    a.  Introduction                                                  
               In the late 1970s, the Bank was in need of additional office           
          space and was planning the development of a new office tower.               






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