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Omaha - Ha: 3703.1 Mr. Wm. Reinhardt - Loe Angeles! P C M m CC - Mr* A* E* Stoddard, Mr* f* W* Bockes, Mr. E* E. Bennett - Loe Angeles, Mr. R* M. Sutton. \ V' !S'' X® M W M . R. m 2 jA Referring to your letter of April 10, 1950, file 1-733^ and 5-page memorandum dated March 29, 1950 attached thereto concerning proposed application for increase in water rates at Las Vegas, Nevada, and particularly to paragraph 2 on page ^ of the memorandum relating to the value and area of the water producing lands to be included in the rate base: In his letter to me of April 2 5 , 1950, Mr. Charles Adams has suggested the following disposition of the lands at Las Vegas in this connection: (a) the land lying east of the eenter line of Sections 28 and 33 should be retained for industrial use; (b) the land west thereof and extending to the eenter line of Sections 29 and 32 should be retained for subsequent sale as residential property; (e) w tMr? X 1 1950 the land west of the center line of Sections 29 and 3 2 , together with rights of way for the existing pipe lines and power transmission line, should be considered in the pending rate hearing and in subsequent negotia­tions respecting the sale of lands and water facilities to the District. Mr, Adams estimates present value of the water bearing lands, containing approximately 679 acres, at 16 7,9 0 0 and present value of the pipe lines and power line rights of way at