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Show Deal Is Closed On Piute Reservoir The state-owned Piute project, or 73.1 per cent of it. was sold to the Piute Reservoir and Irrigation company com-pany last Monday, at a price of $663,984.34 net to the company, in addition. to $364,473.90 already paid. First payments on this contract are due from the company May 1, 1922. Tho state retains an interest rep- j resented. by contract holders who purchased pur-chased waters in the project from the stale, but did not join the company, com-pany, to 'the extent of 4.288 "acres of water," representing an average of at least two acre-feet, of water ,jer annum on that amount of land. There Is still duo to the state, as es-fima.ed, es-fima.ed, under these outstanding contracts, $26S. 810. 99. The total I amount to be derived by the slate in the future from the Piute project, therefore, is $932,705.33. As now figured, the project had cost the state, on May 1 of this year, a total construction and interest charge of $1,347,062.93. The state has sold water in the project to the extent, of 15,962 acres. The t:o-icr t:o-icr aero for water to tho land already i . ii i.iil ii.rl llinralnni Is S d 39 1H-1 u-re, as of present, date. The company represents 1 1.674 acres, and its share of the total cost is $985,190.61. To j his was added $13,1 77.63, as l.h" company's ' share of mainte-iane charges which had been included in he former selling price, making the total charges against the corpora lion tof-kholders as of May 1. 1921. $ 1 .-028,368.24. .-028,368.24. The, corresponding! charge against the contract holders' who have not joined the company isi $377,729.92. The sale is the consuni in a I ion of negotiations that, dale, over fifteen months. The final plages of Iln msiness were, transacted by telephone, tele-phone, wilh It. K. Davis, president; of the slale board of land eominis i sioiier, at the Salt Lake end of llie wire, and N. J. Baler, of the corpora j lion at the Riehlield end. Kaeh had in front of him a writ'en agreement j prepared last Saturday. Mr. Bate: conveyed to the land board that, wilh certain corrections, of a typographical typo-graphical or clerical nature, the di rectors of the corporation agreed to the bargain, and the necessary resolution reso-lution had been passed. Tin- stale board of land commissioners prnrm-d-1 ed to adopt t fio resoli 1 1 ion on its in in-! in-! ules. which pledge-, ..tate to carr;, ou I he greeniciH. |