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SUMMARY OF COMPARATIVE APPRAISALS OF THE LAS VEGAS LAND & WATER C O y \NY*S PRODUCTION AND DtSTRIT flO N FACIUTIES # Note At the outset of the negotiations between representative* o f the District and officials o f the Union Pacific Railroad Company, the Union Pacific Engineers strongly favored an appraisal based on reproduction cost under existing conditions less accrued depreciation 150 g i g « r e s e n t value. It was pointed out to the Union Pacific engineers that this method would not be wholly acceptable to the District due to the (act that many o f the conditions tending fa Increase present-day constructions costs did not exist when the system was installed. However, tn order that both appraisals would be on the same bad s. It was qgroad that tha Union Pacific method would be followed, with the understanding that the District reserved the right to make any adjustments which In Its opinion would result in a more reasonable appraisal. 3 . 4. Union Pacific TOTAL, INCLUDING LAND AND WATER RIGHTS (A so f May I , 1952) $ 3 ,1 0 9 ,5 7 6 ADDITIONS AND BETTERMENTS (From S/I/S2 to 8/ 5/52) 152,600 ESTIMATED VALUE OF AUTOMOTIVE, SHOT AND OTHER EQUIPMENT, AND MATERIAL AND SUPPLIES O N HAND 4 0 ,0 0 0 GRAND TOTAL (Adjusted to B/lS/52) $ 3 ,3 0 2 ,1 7 6 5 . DEDUCTIONS Overhead Pavement Replacement Depreciation l/l/SS to 5/1/52 Service Installation Credit Intangibles 2 2 2 ,3 5 7 7 6 ,5 6 4 8 9 ,0 5 7 3 4 ,3 8 5 150,798 DISTRICT'S APPRAISAL Adjusted In Accordance with the above Explanatory N ote, and the conclusions pro-seated on the next page _ __ 7 . UN ION PACIFIC TOTAL INCLUDING LAND AND WATER RIGHTS PER N O . 4 ABOVE District $ 2 ,8 8 0 ,5 6 1 152,600 4 0 ,0 0 0 $ 3 ,0 7 3 ,i 6 i “ ' |..... 573,161 $ 2 ,5 0 0 ,0 0 0 $ 3 ,3 0 2 ,1 7 6 8 . DISTRICT'S PROPOSED PURCHASE PRICE PER LINE N O . 6 2 ,5 0 0 ,0 0 0 % UN ION PACIFIC TENTATIVE VALUATION EXCEEDS DISTRICT'S PROPOSED PURCHASE PRICE BY $ 8 0 2 ,1 7 6 August 22, 1952