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Digital Provenance
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Publisher
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Transcription
Brought Forward # 438,147 credit in the amount of total estimated monies collected. I told him that I did not see how the Distrlot could claim this credit siace the #5.00 charge for installation of a service represented money actually spent by the Company and had no bearing on what the District would hare to pay for the water system. As a matter of fact the #5.00 charge is merely a token charge since the cost of making a service connection today Is 3 to 4 times greater. ..... Total Credit Claimed 438.147 Grand Total less Credits claimed by District #2,014>3^4 Mr. Montgomery is preparing a statement showing his arguments and reasons for suggesting each of the above changes but wishes to consult with the District officials before releasing it. I have therefor confined my remarks to explaining the underlying detail of recommended changes and giving my interpretation of his position. ’’ ' , V . .. Attached please find two copies of 3-page statement dated June 18, 1952 on which I have summarized, under date of July 14, 1952, the change in Depreciated Value resulting from changes as suggested by Mr. Montgomery. It is my opinion that all of the exclusions suggested in Fart II are Improper from the standpoint of a true Reproduction estimate. L. R. Maag r
