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Los A n g e le s - A p r il f i # 1953 H r. w. K. t t u le ls e r : (eo Mr. &» I . B tilt Mr. Mu. Reinhardt m N r. A. 0 . M t l « r «o M r . I . 1 . d e n n e tt ) J Referring to your lottor of April 2# 1953# enoioiting copy of letter fro* fsdenil Roue# Development Conpany• In#, doted Morel) 23, 1953# 1m which the Development Coapeny expreseee desire to purchase oil available loads of the Railroad Conpany w i t of our •Pop grounds end the % d Raneh property ot loo Vegae, Kovedos A portion of the Railroad Coupon/ holdings lying w i t of our enop grounds lo potentially good industrial property and should ho retained hy the ft. ft, Co. for that purpose, the renalnder of the property, together with the ftaneh, ie preeently toned for agrl-eultural and residential purposes, although we hope to eeoure ap­proval of City authorities for rotoaing of sou# additional property in Sections SB and 33 for industrial use. we have had nunaroua application* fron euh-dlvidera to purehaso various portions of the B, ft* Co. property and the Ranch for sufc-divleion purposes and in eaoh inetanoe we have advised ao-plloante the property wne not for ealo at this tine, hut that in evont we should later deeide to dispoee of any of our holdings In those areas# their appliestions would he given consideration. Messrs. Reinhardt, flitter and hennett eoneur in ny previous reooeaendetlon that we should not oonsidor eale of any of the prop­erty for suh-dlvieios purpoeee until after the Las Vegas Valley