Trinity Meadows Raceway, Inc., Jack M. Lenavitt, A Person Other Than The Tax Matters Person - Page 6

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          Property extensively.1  The damage was attributable mainly to the           
          flooding of the parking lots, racetrack, paddock area, ditches,             
          banks, driveways, and other related areas, including the ground             
          surrounding the barns.  The racetrack was significantly damaged             
          by the flood, and the flood washed out portions of the back side            
          of the embankment and created other problems with respect to the            
          existing land improvements.  Little, if any, damage was done to             
          the buildings.                                                              
               Trinity was forced to cancel races on December 20, 21, and             
          22, 1991.  The cushion problems that had been remedied during the           
          fall of 1991 were considerably different from the more serious              
          damage to the cushion occasioned by the flood.  The flood washed            
          away or redistributed the entire cushion material and caused a              
          major new problem to the base in that the base was now wet and              
          spongy.  The banking areas of the track and the sub-base eroded             
          on account of water damage.  The base was damaged directly by the           
          flood and indirectly by the impact of the flood on the sub-base.            
          The base no longer had the rigidity to hold up.                             
               The land immediately adjacent to the barns where the horses            
          had to walk also was damaged by the flood.  Significant amounts             
          of silt were washed into that area, and a good portion of the               
          area adjacent to the barn area was rendered useless until                   

          1 In view of the extensive flooding in and around Willow                    
          Park, President Bush declared the area a qualified Federal                  
          disaster area.                                                              




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