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/'?:L . \/V"~ / —f ~~ fiat th© ground ourselves, ©all mm of these iota for considerably p more than #00*00* tout against doing so is th© consideration that w© would he placed to th© expense of platting the area, #i3,000*00, taxes will increase many times over the present rat© as soon as the ground is platted, and we would have to carry the investment for sev­eral years possibly before being able to dispose of all of the lots laid' out# Y‘*<&">v •- It Cplt Mr* Calvin and I have looked at both sides of the situation and have decided that it is host to sell the area as acreage to the parties above mentioned, under a ©entrant requiring improvement as above, the agreement to run for three years, initial payment to be made of, say #1,000.00 when the contract is signed, balance to he paid the Sand m& Water Company at the rate of #50*00 per lot for each two contiguous lots sold thereafter, interest of 'ffl to anorm on deferred payments, the unsold lots to revert to the hand and Water Company* without expense to it for improvements installed, in th© event of default of the purchasers* Your approval is desired. Yours truly, Enel* OCHRBO* WR3. m