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L A S V E G A S , N E V A D A July 20, 1951. COMMITTEE FROM LAS VEGAS REALTORS. 2PM to 3 PM Mr. Peccole as emcee. King . Bell, Young.. The Committee was to consist of four members of the Board of Realtors, but one man could not serve, so the three men will serve* They were given maps of the area, and a digest of the hearings before the Public Service Commission- relative to real estate only. 61799..8452 AAccrreess. m R/W Instructions: The Directors wished their appraisal. No Publicity would be made of it until it was found necessary. They were told that the $100 per acre amount used in the rate case valuation was purposedly specified as a company figure per acre which they used for rate making purposes only. No value for water rights- or to the fact that the lands were water bearing. Right/Ways were to be considered as acreage (19.85rAs in all) Their Comment: There is a code for appraisal work. The price for making this appraisal will therefore depend upon the value which they find for the land- and they do not know the value until they do the work, research, etc. A letter will be sent to the Directors by Mr. Belli as Com* Ch‘> presenting their proposal for the appraisal. Lands surrounding wells 679.42 Acres Company uses $100 @ A Area in Rt/Ways 19.85 Company uses $400 ® A total 699.27 Acres. H. F. C.