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,\ r O E* E. s. , ,.1* R* JUN 12& J m JUH 2 7 1952 - / / Los Angeles , Jans 25, 1952 Mr. Ms. Reinhardt: (2) Coe Mr. M* «• Bennett - 2 ) Mr, a . L. Adamson ) Mr. w. H. Rulslser ) Mr. F. A. Hubbard ) Referring t© the natter of proposed sale of water production facilities owned by- LosAngiTii RrSIlT'LlR*— Railroad Company and water distribution facilities owned by Las Vegas Land and Water Company at Las Vegas to the Las Vegas Valley *ater District: During the past three weeks conferences hare been held with engineers for the Water District In this of­fice. Engineers present were as follows: For the Water District: Mr. Janes It. Montgomery, Consulting Engineer Mr. ft* £• Iberia Mr. H. R. Bolton Hr* W illia m J. Carroll For the Railroad Company: Mr* F. A* Hubbard Mr. 1. R. Maag During these conferences the appraisals prepared for the above mentioned companies, both by the Railroad Company engineers and the engineers for the Water Dis­trict, were thoroughly discussed and comparisons mads of the values dtveloped for each of the companies on ths basis of cost of reproduction new and cost of reproduc­tion new less depreciation as of December 31, 1950. The District Engineers have accepted our figures as to quan­tities. I am submitting herewith two copies of a tbree-pags statement dated June Id, 1952, showing comparison of val­ues arrived at in the appraisals of the Railroad Company