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MEMORANDUM TO THE APPRAISAL COMMITTEE OF LAS VEGAS BOARD OF REALTORS. !? Las ^egas Valley Water District desires to acquire certain lands and rights-of- way contiguous to the wells, springs, reservoirs, pipe lines and power lines owned and operated inside the City of Las Vegas by Las Vegas Land and Water Company. It is understood that your committee has volunteered to perform this work of appraisal of such lands, and rights-of-way, as a public mission, without charge to the Water District. 2. Interviews held with representatives of the Union Pacific Railroad Company have indicated that they will not press for the inclusion of any so called additional "water-right value" with the land, but will require the District to consider the acreage taken as acreage appropriate for any practical use other than the production of, or protection to, such water facilities as exist. 3. There are maps prepared by the undersigned which will be helpful to your study. Also, excerpted testimony on real estate, as appears inihe transcript record at the water-rate hearing in 1951* 4. It is desired to have the appraisal show a price per acre which you consider fair for the Water District to pay the Land and Water Company for land and rights-of-way to be taken. 5» The District Directors respectfully request that no publicity be given to your findings until the appropriate time comes when credit for your work on the appraisal can be announced; thus, our bargaining pisition will be protected. January 8, 1952 Howard F. Clark Chief Engineer and Manager.