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(CCFT) ^ Los Angeles - Septeaber 19* 1952 Hr* A* 1. Stoddard - Washington * Me* fork - Onahat (CC - Kr. V. B. Bern - Osaha Mr. V. 1* Suleieer - Ontoa) M i r lsl« of August 26th 1 forwarded to yen copy of * tmmol offer which we hod voodood fvos tho Loo TogM Valley Water District of $2*500,000 fox* certain properties outlined In the letter. Wo hove now clarified cone of the potato oot oat In that letter and no analyse it to result in substantially the following not return to too Water Company for the conblned producing and distributing propertied Offer fey Water District * effective 9/1/52 $2,500,000.00 Loos expenditures to ho homo hy SB for Hyde Task additlone and betterments - estimated ($18,too o p o d i d to 9/1) Lose expenditures Incurred 5/1 to 9/1/52 on projects authorised, completed or tutor eonetruetio* J$2,37A2,toMO.00 AS *J3SUZI Approximate not return on haolo of oooto 5/1 to 9/1/52 act returned to no $2,357,029.29 too eaonat of $127,600.00 shown on feeing deducted t w m too original feld to too amount of our appropriation for toe eoapletion of the Hyde Park additions and feettemeato. tots cost under too hid as shorn In para­graph lettered (o) 1« to he home wholly fey too Water Oeupeay. Oaloalatloas upon which this offer was received wore node ae of Key 1, 1952. too hid, however, as shewn under (o) stakes the effec­tive date as to property inventory, September 1, 1952 (except, of course, for too Hyde B u t installation afeovc noted). Wo had under way and auth­orised ao of September lot work for which appropriation had been obtained $hk*907«73, of tote mount $15*370.71 hod been expended ao of September 1, 1992 and lo therefore deducted* too remitting portion of these auto-orisationo ao lndioatod fey the 2nd paragraph of paragraph (f) will fee returnable and therefore does not affect too nosh position of toe Company in too transaction, toe not return to the Water Coupray then no wc oaloulato It h e m would feu $2,357,029.29* Where to, of course, the natter of too *Conet motion adwanoee-oufejoct to refund* which to referred to in your letter of August 12th eddreseed to Hr. Suleiter, of which I received copy* while this fund to net cent toned in the Water District feld, it will be deducted from too