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MU— JUJ a 88p# Thomas A* Campbell 2 April 20, 195# t ie s w ill know as soon a s p o s s ib le whether the D is tr ic t agrees to t h is fig u r e so fa r a s expenditures and c r e d its on and p r io r to January 3 1 , 19!!## are concerned. 1 am a ls o su ggestin g th a t you and your a tto rn ey s ad vise me whether the D is tr ic t I s agreeable to the su ggestion th at the tr a n s fe r o f the w ater system be made In escrow by the pay­ment o f an estim ated sum o f money which w ill rep resen t as near­ly as p o s s ib le the u ltim ata purchase p r ic e . T h is fig u r e would have to be not le s s than an exact fig u r e which a l l p a r tie s could agree to as rep resen tin g the purchase p ric e as o f a d e f­in it e date a t which accounting fo r p r io r e ^ e n d ltu r e s had been com pleted. T h is minimum fig u r e could be $ 2 ,2 9 7 ,1 1 6 *1 ^ o r some fig u r e rep resen tin g the purchase p ric e a t a la t e r date a t which accounting had been com pleted and approved by the D is tr ic t p lu s an estim ated amount to represen t expenditures made between the agreed date and the s a le d a te , tilth such a fig u r e agreed to the escrow could provide fo r an adjustm ent a ft e r the s a le date w ith re sp e ct to the a c tu a l amount o f expenditures made and c r e d its accrued subsequent to the date upon which a l l account­in g had been com pleted and approved by the D is t r ic t . 1 s h a ll ap p reciate i t I f you and Mr, Beebe w ill le t me have your re a ctio n s to the su ggestion s contained in th is l e t ­t e r . cc - Mr. dames L, Beebe O ’Melveny & Myers %33 South Spring Street Los Angeles 13# California with one copy of enclosure Very tr u ly y o u rs. E. S . Bennett