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Exhibit 1 Appraised value of the water production facilities owned by LA&SLRR Co* and of the water distribution facilities owned by LVI&W Co* at Las Vegas, Nevada, as separately determined by UHiR Co, and Las Vegas Valley Water District, to* gether with a percentage assignment thereto of the purchase offer made by Las Vegas Valley Water District for the combined water facilities Appraised by Union Pacific Railroad Company LA&SLRR Co* Facilities LVI&W Co. Facilities Total Physical plant to May 1, 1952. $1,298,000.00 $1,542,404.00 $2,840,404.00 Additions and betterments to the physical plant May 1, 1952 to Sept* 1, 1952 1/ 145,645.00 2/ 16,348.00 161,993.00 Automotive, shop and other equipment; at Sept* 1, 1952 mm 3/ 10,206.00 10,206.00 Total physical plant $1,443,645.00 $1,568,958.00 $3,018,603.00 Water-bearing lands - 507 acres 267,650.00 — 267,650.00 Total $1,711,295*00 $1,568,958.00 $3,280,253.00 Percentage ratio 52.17 47.33 100.00 Assignment of the total pur— chase offer $1,288,649.66 $1,181,447.44 4/$2,470,097.10 Appraised by Las Vegas Valley LA&SLRR Co* LVI&W Co* Water District (revised) Facilities Facilities Total Physical plant to May 1, 1952 $1,129,263.00 $1,275,940.00 $2,405,203.00 Additions and betterments to the physical plant May 1, 1952 to 1/ 127,600.00 2/ 15,371*00 Sept. 1, 1952 142,971.00 Automotive, shop and other equip)— 3/ 10,206.00 ment at Sept. 1, 1952 — 10.206*00 Total physical plant $1,256,863*00 $1,301,517*00 $2,558,380.00 Water-Bearing lands - 507 acres 267,650.00 m 267,650.00 Total $1,524,513.00 $1,301,517.00 $2,826,030.00 Percentage ratio 53.95 46.05 100.00 Assignment of the total pur• £/$2,470,097.10 chase offer $1,332,617.39 $1,137,479.71 1/ Onion Pacific appraisal includes elements representing freight charges and overheads which were excluded by Water District* Both appraisals include the entire estimated cost of $127,600 to construct the Charleston Boulevard facilities authorized under W.O* 5015-LA, AFE 22, approved April 8, 1952, which were not completed at Sept* 1, 1952* The facilities, however, are included in the purchase offer* 2/ Union Pacific appraisal includes an element representing overheads which were excluded by Water District* 3/ Water District did not appraise these facilities* For comparative purposes, Union Pacific appraisal has been used in the Water District appraisal* 4/ Represents the purchase offer of $2,500,000 minus $29,902*90, the book balance of material and supplies at Sept.l, 1952 which is included in the purchase offer* General Auditor’s Office, Omaha, Nebr*, January 26, 1953