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Omaha August 2, 704-36 1954 ^SCEJVED fi TAX Dfil’T. AU6 3 1954 O . r . K rs C O . LOS ANGELES CALSF. Mr# E* Eo Bennett •*. Los Angeles (00-ite*A.l.Stod4axdoCtoalia MT.O.MoCory ^Las Vegas A llr.Wto.Reinhardt-Loa Angeles Mr*0 oMoBates~Loa Angel BSr.W.RoRouse ~Qmaha M r * Lc RoMaag ®Las Vegas MroW.HoKulsizer'Mfeaaha M r . L eLoBurri<*Q»aha} In accordance with request contained In your letter of June 22* 1954* file 80-11# representatives of*fche Acoouating Department were in Las Vegas# Nevada from June 28# 1954 to July sor 19S4a when the final accounting for the purchase of the water property was completed b y Conway and Company acting for the Las Vegas Valley Water District. Tke amount due Las Vegas Land and Water Company for the property sold is #2*317#£74.93. as shown on statement dated July 86a 1954 which was sent you with m y letter same date. We understand that Conway and Company will certify this figure to the Water District as representing the final cost of the y®ter property. Initially# the auditors questioned the collectibility of some #200.00 of our Accounts leoeivableg however# in confer­ence with Mr* Conway the exception was withdrawn# *Ehe Water Company was paid the preliminary purchase price of #2*299*029.64 on July 1* 1954s thus# a n additional amount of #18*845.29 is now due it. When this amount Is paid from the purchase fund in escrow# there w i U remain in escrow #157*771.85 which it will be necessary to refund to the water District. $he large refund to be made to the Water District is due to not incurring expenditures on authorized worh order projects during May and June 1954 that were estimated to be ex­pended during those months® W i U you kindly progress this subject further with respect to the ultimate payment of the balance due the Water Company. ?Mi R. Ms SUTTON