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upr000092-036
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I agree.Mr. Reinhardt a. June 25, 1952 and the Water District divided to shew separately reproduction ©eats new and reproduction costs new lesa depreciation, together with a suwaary showing a consolidation of the results developed by the two appraisals and the differences in value arrived at therein* This stannary also shows the total investment cost plus overhead percentages of all additions and betterments wade to both tho water production facilities and water distribution facilities for tho period, January 1, 1951, to May 1, 1952, I have also added the estimated cost, plus overhead percentages, of all service connections made by the Water Company during the same period* The amounts shown in this summary do not include the following items1 (1} Value of land and water rights. (2) Value of automotive shop and other equipment* f|| Value of material and supplies on hand* i k ) Going concern value* I am also attaching hereto a aaparato statement showing notes to accompany the three-page statement dated June 1C, 1952, which will explain in some detail the reasons for the differences in the amounts arrived at in the two sets of appraisals* L. R. Maag