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2 0 - ti HFC 26 1952 m t * W. U * ffcilsiserj (OC-Mr* A# 1* Stoddard Mr* W. H« House Mr* S» K* Bennett g? c2 R, JAN "611953 Decembe] 704~$3 • File iPI * * 2180 ? « 33*18} 2 3, 1952- I I , B S i~. a . M D2E6C VV ' 1A9on5 2A HI ?/ fhis refers to the proposed sale of the enter fuel11- ties at Ids Vegas, Nevada to the has Vegas valley Water Bis- triot, your file 3703*1* In order to More actually estimate the tarn offset on the sale basis considered in coatareas© in Mr.Rouse's offine on Beocud>er 16, 1956, additional Information is required as referred to hereinafter. We hare been furnished separation of the appraised values of the eater plant by Mr. Stoddard as follows} Appraised by Union Pacific #1,299,522 water Biatriot (original) 1,099,003 * • (revised) 1,130,545 In accordance with your letter of December 17, 1932 to Mr* Stoddard, Onion Pacific appraisal does not include the SB? acres of iM s Q h water bearing lends valued at <^267,650. Also, as 1 understand the appraisal summary dated August 3,1952, the value of the lands is not included in either of the above Water District's appraisals* Will you please confirm this let-tar understanding* It is also noted that the summary shows additions and betterments have been included in the appraisals only to May 1, 1938* I n order to place the appraisal figures on a comparable basis with paragraph (e) of the later District's offer of August 23, 1938, the additions and betterments Included in the appraisals Should be brought deem to September 1, 1958* later on when de-termini^ the actual tax effect on the sale, it will be necessary to again revise the additions and betterments included in the appraisals, to the date of sale* Xt is further noted that the value of the automotive, shop and other equipment is not included in any of the appraisals* As stated in ay letter of December 17, 1958 to is r. Bennett, copy to you, the booh value of such facilities at December 1, 1938 was #12,111.3?* Depreciation has been accrued on this cost to September 1, 1952 in the amount of #4,394.06* since the water Blstrict's offer1 in paragraph §g§: includes these facilities, the value thereof should be included in your revised appraisals* I M B J f c S a * X P J S il #1,348,404 #8,641,983 1,063,347 8,168,350 1,873,940 2,403,363