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upr000031 89

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upr000031-089
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    Mr. Jeffera #2 November 19, 1941 in the bank, 1X9,000, which will be paid immediately on delivery of deed* They propoee to Immediately commence construction of 100 new homee In this area and have con­ferred with r. H. A* offlciale for approval of this site* Thgrwlll also eontraot to purchase the additional acreage, outlined in blue, the latter to be released In ten-aore units, and to be paid for In cash, as their development progresses* 1 advised the developers that the tvtdf Co. Intended to construct a 12* oast Iron line, paralleling North main Street, to the end of our property; thenoe at right angles easterly to the tats Vegas Ranch, for our own purposes; and that they would be required to Install their own laterals within the tract, if this land sale is consummated* I have borne In mind the second paragraph of your letter July 6th, with regard to the value of this property and advised these gentlemen It was considered to be worth approximately f560 per acre* they acknowledged that wee their impression when sale of the entire acreage was discussed, but felt that, with the exclusion of the north-