|
Febr'~ry I, 1918
<br />
<br />port the followLug s~ shows the amounts to be credited, ~lso the amounts to be deducted,
<br />leaving the amount of $1, 313, 840.00 as~ a fair value to ps~ t~e P. B. & S. Namer Co, patay for ~ll
<br />their property, pipe lines, e~ipment,~ riEhts, title and interest, for their holdings:
<br />
<br /> Value S. E. Co.
<br />
<br />. 0~erhead e~lqenses
<br /> allowed 8-1/14%
<br />
<br />Credit
<br />
<br />2,~77,958
<br />
<br />Over Charge Debit
<br />
<br /> Contingent, etc.~ 34%
<br /> 135~8~1 Profits on 1,929,880
<br />
<br />2,913,827 Nater Rights. K & C 94,000
<br />
<br />Going Value ~ 11.8% 1~8,6~8
<br />Less Dr. 1~V38, 925
<br />
<br />Bo ~,"~ Lake Philips
<br />
<br />Going Value. ~ 11.8%
<br />
<br />Paving paid by cities
<br />
<br />100,000
<br />
<br />330,000
<br />
<br /> 66,783
<br />
<br /> Average ever o_ha~ge o~
<br /> Cons-. pipe, etc., amount-
<br /> ' ing tO 1.929,650 24% 463.116
<br />$ 1,3!3,540
<br /> $1,738,925
<br />
<br /> =The above figure~ a~e based on the Sco£ield Engineering Co's. report as to quantity,
<br />sizes, and cOnditions of material used in construction of plant.
<br />
<br /> ~Now, therefore, be it resolved: That we, the
<br />that the entire property, pipe ti~es, equipment,
<br />~ater Company be ~chased for the .s~ of $1,31~5~O.00,
<br />
<br /> 2. "Ne further recommend that if the property and holdings
<br />
<br />sub~oo~%~ittee hereby recommend
<br /> etc., of the P. B. &
<br />
<br />o£ the P. B. & S~ ~Jater Company
<br />
<br />cmn be acqui~ede~ the~ price re~mmended by this. committee, water can be furnished at a rate
<br />of ~0% below_the rate r~conm~ended Dy the Scofield Engineering Company.
<br />
<br />3. ~VJe still f~rther recomme~d~ that in the event t~ property is not purchased at the s~m Of
<br />$1,313~540;00 that the rates 2or use of water, should be ~na basis of .new Contract, and sh~ld
<br />not exceed 70% of the rates recommended by the Scof~eld E~gi~.eer~ Compau~.; and-that a short
<br />te~mof contract be considered in anyev~nt, re.s~rv~ng, the right for~? c~to acquire ~ud
<br />operate, o~_ the. value we abovereo~m~ended plus cost of improvementdur~ng Imie of contract.
<br />
<br />~Respect~o. liy,
<br />
<br />(Signed) N. Bo Bates, Chairman.
<br />
<br />(Si~ed) C.H. Herbert.
<br />
<br />(Signed) ~. P. Claud.
<br />
<br />(Signed) Chas. F. Ha~per.
<br />
<br />(Signed) Norms_u 0assetl.~'
<br />
<br /> Mr. ~ting moved that the report of the Spe~cial ~Vater Committee be received and that
<br />a meeting be held by this body tomorrow evening, February 2nd, at V:30 P. ~., to consider s~me.
<br /> ion was adopted.
<br /> On motion, adjourned.
<br />
<br />Februar~ 2nd, 1918.
<br />
<br /> An adjourned speciatmeeti~g of the City Council should h~ve-been held on this date, but.
<br />no quorum apPea~ing within half an. hour after the~ time set for the meeting~ the body stood ad-~
<br />journed.
<br />
<br />Thos~e~resent were:
<br />
<br />MessPs~-- T.
<br />
<br />BUnting, J.
<br />
<br />T. Hanvey, C. Ho ~rbert, 3.
<br />
<br />
<br />
|