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upr000267-207
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I agree.figure at which the property owned Jointly fey the Water Company aad the liallroad Company devoted to the production of water, could fee acquired* While no firm commitment was made for the reason it soul d not fee definitely determined hew mu oh of the properties the District might aoqulre, it was tentatively stated that the value weald fee within tea per seat, either upward or downward, of fs,000,000*c>0 dpekeaaeji for the Water Bi»tr 1 ot felly appreciate the difficult lee at tern Sent to fins as lag the purchase of the prop* arty and bringing in water fro® la he Mead* It Is expo o ting a facility report frest creoley & Hansea, which made it neeessary to give some approximation of the value of our water facilities* # In the discussion, the District seemed to think it would fee necessary to finance a project of about 112,000,000*00 to adequately meet the demands of Las Vegas* This emphasises the inadequacy of the present rates feeing charged for water in Las Togas, and the inadequacy of our return on the value of our water facilities* Manifestly, this attitude on the part of the Water Board will further support an application for increase in rates which Mr* Heinhardt has in mind should fee applied for at an early date* L* A* Barnes*