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(COPT) Xoe Angela# * July 2, 1952 AIB KAIL Hr* A. 1* Stoddards (SO - Mr. W, S . Huleiser * Omaha) A* I advised you os the telephone yesterday, we are now arranging for a meeting with representatives of the Board of Dlreo-tore of the las Vegas Water D istrict to discus# preliminary fib r e s for a sale price of the la# Vegas Water fa c ilitie s • This meeting w ill probably he held either Thursday or Vridey, July 10th or 11th. Nr. Haag of thio o ffice and Hr. Hubbard of Mr. Huleiser*s o ffice met with representatives of Jeaee K. Montgomery, Consulting Seglaoor, la oa attempt to agree upon values of tho physical proper* tie s . As you w ill note free the attached tabulation, these values are only $266,212 apart. Of thie amount, approximately 1112,000 was the difference in the estimated reproduction coot bow and tho reaelaiag $121,000 hoiag a difference in depreciation. At you w ill note fro® tho tabulation, the above amount does not include, 1* Value e f land rad water rights. 2 . Value of ratoaotive, shop rad other equipment. 3. Value of material rad supplies oa head. A. doing concern value* am to tho value of lend and rater righto, X attach a plat showing the lend# which the Water D istrict advise us they would lik e to include in the purchase. On this p la t, Mr. Bates has laid o ff lettered areas oa vhleh ho hao placed values which he has developed by known resent oateo in tho area. Ten w ill not# from the penciled tabulation on tho plat that those values aecnanlate to $267,650. Ton w ill also nets that the areas lettered *8* rad *0*, which were included in the area which wo had suggested to the D istrict m the proper area for their consideration, has been excluded by the D istrict, th is exclusion is not objectionable to no as both the areas art se located as to bo readily salable, rad I fe e l quite optim istic of our being able to dis­pose of i t at or bettor then the prises set on them by Hr* Bates. X fe e l that i f the area proposed by the D istrict era be raid to them at approximately the prise rat by Mr. Bates wo should make no claim for ray additional value for rater rights. The values of automotive, shop era ether equipment rated, above under (2) end the value of material rad supplies on hand noted under (3) is now being dotorninod, but 1 do rat consider either of these