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JAMES "JIM" YOUNG C k a l m ers Y o u n § C o m p an y R E A L T O R S Real Estate — Insurance — Property M a n a g e m e n t 120 NORTH FIFTH STREET P. O. BOX 466 LAS V E G A S , N E V A D A January 23> 1952 TELEPHONE 4276 Col Howard F, Clark, Las Vegas Valley Water District, 900 South Fifth Street, Room 13, Las Vegas, Nevada* Dear Colonel Clark: When I suggested some time ago that I felt it would be in the interest of civic service for the Board of Realtors to offer the services of its appraisal board without charge to the Las Vegas Valley Water District and when I so recommended last Monday night at the regular monthly meeting of the Board of Realtors, I was very frankly of the opinion that all that would be required in the way of appraisal would be limited to real estate in the form of considerable acreage surrounding the wells and the reservoirs and with the possibility of a nominal appraisal on the rights of way* Mr. Boyle, Chairman of our Appraisal Committee has contacted me this evening and has advised that from the data submitted to him it appears a much different kind of appraisal is in the mind of the District and others interested therein* I will have left for Washington, D.C. early to-morrow morning so am taking this opportunity of writing you in connection with the situation as it sesns to have developed. If it were merely a matter of appraising the rights of way with the other acreage and at a nominal figure on account of the limited use of the rights of way that would be a comparative simple matter but if it becomes a matter of appraising the rights of way in relation to their comparative value to the whole water system and as a necessary and important adjunct thereto, that it would seem to me presents a vastly different picture and one which I do not feel that the Board could undertake on the basis of a civic service or a nominal fee basis. For illustration, a mere 20» strip, running a mile through a piece of property and its use limited to a specific and single purpose and which would revert on nonuser, would be a singularly valueless piece of realty and in fact, could be assigned a nominal value but if its value is to be determined in relation to its value and use as an arm or spoke (and a most important one) in the whole system, I submit that that