Under Secretary Hatfield Chilson today announced cancellation of the development lease on 67,000 acres of Indian lands on the Colorado River Reservation near Parker, Arizona. The lease was executed by the Department on August 13, 1957 with the Colorado River Enterprises, an Arizona Corporation.
On April 8 Under Secretary Chilson gave notice to the Corporation requiring it to show cause, on or before May 7, why the lease should not be cancelled for failure of the Corporation to post the performance bond in the amount of $5 million required under the terms of the lease.
The Under Secretary stated that the showing which has been made on behalf of the lessee, in response to the notice to show cause, has been considered and has been determined to be insufficient.
