man000174 97

Automotive and Shop Equipment and Material on Hand No information is available as to the value of these items. The Union Pacific has been unable to furnish an inventory although it was stated that the value was not considered to be a very appreciable amount. Credits to District The Pules end Regulations of the Las Vegas Land and Water Company* concerning service to customers* include certain payments on the part of the customer which should be credited to the District. Rule 8a requires the customer to pay $5-CO for each s A * 1®6*1 tapping of the company water mains. Inasmuch as the appraisal includes the complete cost of installing the service connect ion* the District otralouely should receive a credit of $5-00 per service connection or a total of $3^,385 for 6*877 service connections as listed in the appraisal. This is an investment which the public has already made in the water system. Rule 9 requires an applicant for water service, whose application requires the water company to extend its m i n s sore than 50 feet* to eater into a contract to advance sufficient money to cover the cost of salting such extension. This amount is refunded at the rate of 35$ of the revenue received from sales of water through connections to the extension for a period of 10 years or until th® full amount has been refunded* whichever occurs first. Prior to September 1* 1951, the rate of refund was 50$ of the revenue. The unrefunded portion of these advances*as of May 1* 1952, was $338*082 according to data furnished by th© Union Pacific. Consequently* the total credit due the District is $372,^67* consisting of $3^*385 for service installation charges and $338,082 for unrefwaded advances in aid of construction. -10-