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He: Sale'Of Las Vegas water ays tent Los Angeles, June 8, 1954 80-11 Mr. V. l;. House % (cc - Mr, A. Stoddard Mr, Wm. Reinhardt fir. B. M. Sutton Mr. L. B. Maag Copies of enclosures to each I enclose copy of letter dated June A, 1954, from Mr. Franklin T. Hamilton, attorney for the las Vegas Valley Mater District, to which are attached two let­ters dated June 3, 1954, from Nelson Conway, one of the auditors for the District. I suggest that we enter into an agreement with the District assigning to the District for collection only any amounts unpaid as of the sal© date for water fur­nished under Bate Item 91 for air-conditioning,, refrig­eration, ice-malting and other similar equipment. 1 en­close suggested draft of .assignment contract, copy of which I have al$o furnished to Mr. Hamilton for his con sideration. If you and Mr. Hamilton approve this agree merit, I will prepare it for execution by Mr, Reinhardt, whose execution can be ratified by the Board of the Wa­ter Company at its next meeting. You will note that the other letter from the ac­countants for the District refers to a difference of 118,500 in-the purchase price as of April 30, 1954• I believe this difference relates entirely to donations received by the Water Company under Rule 9 contracts with respect to fire hydrant connections. As soon as Mr. Hamilton receives the final report of the auditors of the District with respect to the purchase.price, I will endeavor to have him agree that this Item should be added to the Basic Purchase Price under, the'provi­sions of the. contract of June 1, 1953'* ? iWjfe'JIf. H '£ . & M r'T. 3 MCTBMHEliBBal •' StS? H •' • * / T IpaBj > > B , . ' -. ?=, 5/' £. E, .Bennett i s M i l l