Is this letter ok?

Question:Dear Sir,
Thank you for your proposal letter dated on 26th July 2007.
We would like to inform you until the x-ray machine is installed in the airport we are not going to do any agreement.
Therefore we will let you know about the agreement when the machine will be installed.

Sincerely,

Answers:
Dear Sir,

Thank you for your proposal letter dated July 26, 2007.

However, we would like to inform you that we are not making any decisions regarding an agreement until after the x-ray machine is installed at the airport.

We will contact you regarding our decision once the machine is installed.

Sincerely,
I would use this instead:

Dear Sir,

Thank you for your proposal letter dated 26 July 2007.
We have decided to hold off on developing an agreement until the x-ray machine is installed at the airport.

We look forward to contacting you at the time of installation to further discuss the terms of our pending agreement. Thank you for your patience in this matter.

Sincerely,

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