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upr000031 94

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upr000031-094
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Hr, nmn #* rnr**\*r l§, XMX In the bank, 1X8,000, which *U1 be P*ld immediately on delivery of deed. They propose to immediately commence construction of tm now homes in thie area and Sava non* forrod with r. If. A. official* for approval of thie site* fh^will also ©entrant to purehaee the additional acreage, outlined la blue, the lattar to bo ralaaaod la tem-eere unite, and to bo paid for in cash, as their development prograsees. I advised the developers that the LVL&w Co. intended to construct a It* oaet iron lino# paralleling north Sain street, to the end of our property! thenoe at right angles easterly to tho las Vega® Ranch, for our own purposes; and that thoy would he required to install their own laterals within the traet, if this land sale is eonsunnatod. t have home In mind the eeeond paragraph of your letter July 6th, with regard to the value of this property and advised these gentlemen it was eonsldsred to ho worth approximately f&60 per aero* They acknowledged that was their impression when sale of the entire acreage was dlsousssd, hut felt that, with tho exclusion of tho north*