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Mr* ft* M. Sutton 2 March 23, 195^ amount to receive from the District in the escrow at the time the transfer of the system is made* Any adjustments for items accruing after January 31, 193^# and prior to the sale date could be made upon final accounting after the sale date* Mr, Reinhardt concurs in this view. Of course if the sale date is delayed, we should try to bring our accounting as close to the sale date as pos­sible and have the District audit and accept our fig­ures so that the amount of money paid us on the sale date will be as close to the final purchase price as possible. If none of the persons to whom copies of this let­ter are directed has any objections to this procedure, I will suggest it to the District so that the District can commence to audit and check the adjustments in the Basic Purchase Price which are shown in the statements attached to your letter of March 13th, The District will undoubtedly desire to satisfy themselves that these adjustments are proper prior to the sale date* There­fore will you please send me six copies of the statements attached to your letter for transmittal to the District. Will Mr, Hulsizer or Mr. Bates please promptly fur­nish me with an estimate of the tax proration which would j be made on the assumption that the conveyance of the properties will be made on May 31, 195&? ' I have not referred to the Relocation Fund called for by Section 5 of the agreement. Of course it is un­derstood that the escrow will also include the $352,000 which the District must pay into the escrow prior to the sale date and which will be retained in escrow after the sale date for the purpose of financing the work which is to be done pursuant to Section 5* £, S. Bennett ECRtMSB